Vaughan Homes:
The real estate market in Vaughan continues to show resilience and growth. Over the past year, property values have steadily increased, reflecting the city’s desirability and robust economy. The demand for homes remains strong, driven by population growth, attractive amenities, and proximity to Toronto.
August 2023 outlook:
In July 2023, home prices in Vaughan increase by 1.6% to $1.35 million.
The Toronto Regional Real Estate Board reported that in July 2023, the average cost of a home in Vaughan was $1.35 million. That represents an increase of 1.6%, or $21,415, over January 2023 but a decrease of 16.%, or $257,430, over July 2022.
At the end of July, Vaughan had 254 home sales after an average of 22 days on the market and 482 active listings. In comparison to the same period last year, sales were down 43% and the number of active listings was up 28.9%.
The average price of detached homes was $1.91 million, up 6% or $107,342 from month to month but down 14.4% or $321,124 from year to year. There were 116 sales of detached homes.
Semi-detached homes cost an average of $1.12 million, up 0.8% or $8,437 from month to month but down 23.9% or $350,478 from year to year. At the conclusion of the month, there were 12 active listings and 15 transactions of semi-detached homes, which spent an average of 20 days on the market.
The average price of attached homes was $1.18 million, up 11% from month to month or $116,395 but down 16.8% from year to year or $238,214. At the conclusion of the month, there were 42 active listings, 40 attached house sales, and an average of 22 days on the market.
Homes:
While Vaughan’s real estate market remains competitive, affordability remains a concern for some potential buyers. The city has taken steps to address this issue by encouraging the development of affordable housing options. Initiatives like inclusionary zoning and partnerships with non-profit organizations aim to provide accessible housing for residents with diverse income levels.
88 CONCORD RD ($2,888,000)
PROPERTY DESCRIPTION:
This custom-built stunning home with impeccable design. It has 5 bedrooms and over 5,200 square feet of living space, along with a wet bar with two separate stairs and a fully finished basement with 9-foot high ceilings. The property also features a huge open-concept custom kitchen with granite counters that is linked to the family room. Inside the primary bathroom, there is a Jacuzzi for added luxury. The house showcases a skylight at the staircase, crown moldings and a foyer, and an elegant curved staircase that is open to both the below and above levels.
Also, there is a three-car garage and a circular drive, that create a big entrance.
119 GLENFOREST DR ($1,749,000)
PROPERTY DESCRIPTION:
It is a charming home in a luxury neighborhood with an Uplands-Flamingo area. It is a 4-bath property nearby to schools, community centers, shopping centers, synagogues, and highways 7 and 407. The home features a great layout complete with granite countertops, a beautiful kitchen, and a sleek glass backsplash.
Additionally, there is a family room with a gas fireplace and a spacious dining and living area. The kitchen leads to a large new deck with a shade, overlooking a greenbelt with trails that is close to the golf course.
