Markham Homes:
In July 2023, Markham’s housing market continues to reflect a strong demand for homes, limited inventory, and rising prices. Prospective buyers and investors should remain aware of these trends and keep an eye on factors like interest rates, government policies, and economic indicators that can shape the market’s future.
August 2023 outlook:
The Markham housing market is somewhat competitive.
In Markham, the median sale price of a home last month was $155K, an increase of 11.5% from the previous year. In Markham, the typical sale price per square foot is $129, an increase of 29.0% over the previous year.
Homes in Markham sold for a median price of $155K in July 2023, an increase of 11.5% from the same month the previous year. Homes in Markham typically sell after 121 days on the market as opposed to 58 days the year before. In May of this year, fewer residences were sold than in May of last year (13 vs. 24).Several offers are made on some homes.
The average home goes pending in 61 days and sells for around 2% less than the asking price.
Some can go pending in around 36 days and sell for roughly 2% more than the original price.
Migration and Relocation Trends in Markham
Between April and July of ’23, 17% of Markham homebuyers looked to leave the city, while 83% wanted to remain in the metropolitan region.
From whence are people relocating to Markham?
4% of property purchasers nationwide looked to relocate to Markham from outside major cities.
Homes:
As Markham evolves, its real estate landscape offers a diverse range of housing options to cater to various needs and preferences. Whether you’re looking for a suburban estate, a transit-oriented community, or a condominium lifestyle, Markham has something to offer for every discerning homebuyer.
17 IVY STONE CRT ($1,199,000)
PROPERTY DESCRIPTION:
It is a stunning house with a 4 Plus 1 bed, 5-bath semi-detached home in the charming Cornell Community. This house has a warm atmosphere featuring balconies on the 2nd and 3rd floors, 9ft ceilings on the second floor, and direct garage access. There are hardwood floors in the house, while the finished basement with a bedroom and full washroom makes it perfect for an extended family or a live-in nanny. With its proximity to Markham Stouffville Hospital, parks, schools, shops, Go, and 407, this home combines functionality with timeless elegance. It is good to move in for a small family
43 ORCHARD VIEW RD ($1,099,900)
PROPERTY DESCRIPTION:
It is a detached brick bungalow in front of Park in a desirable Greensborough Community. It is a good home for first-time buyers with a functional floor plan and open-concept design. It features a family-size Kitchen with a breakfast bar and eat-in area. The primary bedroom has a closet/Ensuite bath with an oval tub and a separate shower. The main floor family room has Walk-out to a wood deck and a corner gas fireplace. The main floor laundry room has access to the garage. It features an updated roof, pot lighting, furnace, and central air conditioning.
