Vaughan City Real Estate Trends
The Vaughan real estate market showcases a diverse array of housing options, each catering to distinct preferences and budgets. With consistent pricing trends, stability in sold prices, and impressive market statistics. Vaughan MLS® recent statistics show an average house price of $1,627,076 and 398 new listings in the last 28 days. As of today, Vaughan housing data indicate median days on the market for a home is 15 days.
1. Listings on the Market:
The Vaughan real estate landscape showcases an array of housing options tailored to meet the varied needs and preferences of potential buyers.
A total of 416 homes are currently available for purchase in Vaughan, ranging from luxurious estates to charming family dwellings, offering an array of architectural styles and amenities.
With 149 townhomes listed for sale, Vaughan provides an appealing mix of contemporary living and community charm, attracting buyers seeking comfort and a vibrant neighbourhood feel. Vaughan’s condo market boasts 265 listings, catering to those seeking modern, convenient living spaces while relishing amenities and proximity to urban conveniences.
2. Average Listing Price in February:
In February, the average listing price for homes in Vaughan remained robust at $2.1 million, emphasizing the upscale nature of this housing segment. Townhomes, averaging $1.1 million in listing price within the past month, have emerged as an attractive and relatively more affordable option within Vaughan’s market. The condo market sustained a stable average listing price of $736.3K, reflecting equilibrium in demand and supply dynamics within this segment.
3. Change in Average Listing Price:
Vaughan’s home market experienced a steady average listing price without any change (0%) over February, reinforcing the consistently high value attributed to these properties.
Townhomes witnessed a noteworthy 4% increase in the average listing price, signifying heightened interest and perceived value, potentially indicating a shift in preferences toward this housing category. A marginal 0.06% change in average listing price for condos indicates stability in this housing sector, aligning with sustained demand and supply equilibrium.
4. Average SOLD Price in February:
Vaughan’s homes achieved an impressive average sold price of $1.8 million, reaffirming their status in the high-end market and the demand for luxurious residences. The average sold price for townhomes reached $1.2 million, underlining sustained interest and value appreciation in this segment. With an average sold price of $712.7K, condos in Vaughan showcase competitive pricing and consistent demand.
5. Change in Average SOLD Price:
The average sold price for homes in Vaughan remained unchanged (0%), indicating a stable and prestigious market status, maintaining its allure in the high-value bracket . A steady and modest 2.28% increase in average sold price reflects a stable growth trajectory, enhancing the appeal and value of townhomes in Vaughan. Condos experienced a notable 3.09% increase in average sold price, indicating a competitive market and growing demand for this housing option.
Inventory & SOLD Statistics:
739 new home listings were observed, with 320 homes sold. The market’s vigour is evident with homes spending an average of 16 days on the market, indicating swift transactions and a selling-to-listing price ratio of 100.55%. During this period, 279 new townhome listings emerged, and 105 townhomes were sold, displaying an average of 15 days on the market and a robust selling-to-listing price ratio of 101.63%. The condo market saw 441 new listings and 194 condos sold in the last 60 days. Condos spent an average of 21 days on the market, reflecting stability, and maintained a selling-to-listing price ratio of 100%.
