October 2022 Sales Reports

Here is a summary of the freehold sales activity in your area in October. 

Freehold Average Selling Price UP Month-over-Month:
The average selling price increased by 9.5% month-over-month: $1,474,371 was the average sales price in September (September was $1,346,680).

Freehold Average Selling Price DOWN Year-over-Year:
The average selling price decreased by 7.4% year-over-year. The average selling price in October 2021 was $1,591,444.

Volume of Freehold Homes Sold UP:
The number of freehold home sales increased slightly from September’s 10 home sales to 14 home sales in October.  

Freehold New Listings Vs. Homes Sold
There were 20 new listings to hit the market for sale in August and 10 homes sold

 


September 2022 Sales Reports

Here is a summary of the freehold sales activity in your area in September. 

Freehold Average Selling Price UP Month-over-Month:
The average selling price increased by 5.3% month-over-month: $1,346,680 was the average sales price in September (August in $1,278,600).

Freehold Average Selling Price DOWN Year-over-Year:
The average selling price decreased by 16.95% year-over-year. The average selling price in September 2021 was $1,621,048.

Volume of Freehold Homes Sold DOWN:
The number of freehold home sales decreased slightly from August’s 14 home sales to 10 home sales in September.  

Freehold New Listings Vs. Homes Sold
There were 21 new listings to hit the market for sale in August and 10 homes sold

 


August 2022 Sales Reports

Here is a summary of the freehold sales activity in your area in August.

Average Selling Price DOWN Month-over-Month:
The average selling price decreased by 2.7% month-over-month: $1,278,600 was the average sales price in August (July was$1,314,417).

Average Selling Price DOWN Year-over-Year:
The average selling price decreased by 7.9%year-over-year. The average selling price in August 2021 was $1,387,615.  

Volume of Homes Sold UP:
The number of freehold home sales increased slightly from July’s 12 home sales to 14 home sales in August.  

Absorption Rate:
There were 25 new listings to hit the market for sale in August and 14 homes sold. The absorption rate (number of sales vs number of new listings) was 56%.


July 2022 Sales Report:

Here is what happened in July 2022:

Average Selling Price DOWN Month-over-Month:
The average selling price decreased by 11.8% month-over-month:$1,314,417 was the average sales price in July ($1,489,667 in June).

Average Selling Price DOWN Year-over-Year:
The average selling price decreased by 5.8 % year-over-year. The average selling price in July 2021 was $1,394,386.   

Volume of Homes Sold UP:
The number of freehold home sales increased slightly from June’s 6 home sales to 12 home sales in July.  

Absorption Rate:
There were 19 new listings to hit the market for sale in July and 12 homes sold. The absorption rate (number of sales vs number of new listings) was 63% in July.


 

Here is what happened in June 2022:

The chart below summarizes the real estate sales activity that took place in June.

Average Selling Price UP Month-over-Month:
The average selling price increased by2.5% month-over-month: $1,489,667 was the average sales price in June ($1,453,667 in May).

Average Selling Price UP Year-over-Year:
The average selling price increased by 9.5% year-over-year. The average selling price in June 2021 was $1,361,056. 

Volume of Homes Sold DOWN:
The number of freehold home sales decreased slightly from May’s 9 home sales to 6 home sales in June.  

Absorption Rate:
There were 21 new listings to hit the market for sale in June and 6 homes sold. The absorption rate (number of sales vs number of new listings) was 29% in June.


Here is what happened in May 2022:

The chart below summarizes the real estate sales activity that took place in May.

  • The average selling price decreased by 11.9% month-over-month: $1,453,667 was the average sales price in May ($1,650,750 in April)
  • The average selling price increased by less thank 1% year-over-year. The average selling price in May 2021 was $1,453,234.
  • The number of freehold home sales increased from April’s 8 home sales to 9 sales in May.  
  • There were 48 homes listed for sale and 9 homes sold. The absorption rate (number of sales vs number of new listings) was 19% in May.

 

 

 


 

Here is what happened in April 2022:

The chart below summarizes the real estate sales activity that took place in April.

  • The average selling price increased by 2.9% month-over-month: $1,650,750 was the average sales price in April ($1,604,328 in March)
  • The number of freehold home sales decreased from March’s 18 home sales to 8 sales in April.  
  • There were 15 homes listed for sale and 8 homes sold. The absorption rate (number of sales vs number of new listings) was 53% in April, an increase over March which was 42%.


Here is what happened in March:

  • The average selling price decreased by 10.4% month-over-month following February’s high. The average sales price was $1,604,328 ($1,791,999 in February)
  • The number of freehold home sales increased from February’s 13 home sales to 18 sales in March
  • There were 43 homes listed for sale and 18 homes sold, making the absorption rate for March 42% as compared to February’s higher rate of 65%


 

Here is what happened in February:

  • The average selling price increased once again, by 8.3% month-over-month. $1,791,999 in February ($1,643,143 in January)
  • The number of freehold home sales increased from January’s 7 home sales to 13 sales in February.
  • The absorption remains strong at 100%: 13 homes were listed for sale in February and 13 homes sold in February.


Here is what happened in January:

  • The average selling price increased by a significant 12.4% month-over-month. $1,643,143 in January ($1,439,200 in December).
  • The number of freehold home sales rebounded slightly from December’s low with 7 home sales in January. (5 home sales in December.
  • The absorption rate is still at 100%: 7 homes were listed for sale in January and 7 homes sold in January.


Here is what happened in December:

  • The average selling price decreased slightly month-over-month. $1,439,200 in December ($1,628,940 in November).
  • The number of freehold home sales decreased SIGNIFICANTLY month-over-month. There were 5 home sales in December. (20 home sales in November). We typically see a slow down in December, however, this was a bigger delta than usual.
  • The absorption rate is still at 100%: 5 homes were listed for sale in December and 5 homes sold in December.

 


Here is what happened in November:

  • The number of freehold home sales increased by two units month-over-month. There were 20 home sales in November. (18 home sales in October).
  • The average selling price increased slightly month-over-month. $1,628,940 in November ($1,591,444 in October).
  • The abortion rate is still at 100%: 20 homes were listed for sale in November and 20 homes sold in November


Here is what happened in October:

  • The number of freehold home sales increased by four units month-over-month. There were 18 home sales in October. (14 home sales in September).
  • The average selling price decreased slightly month-over-month. $1,591,444 in October ($1,621,048 in September). The September average skewed high because there was one sale for over $4m. All sales in October were below $3m.
  • There were 18 homes listed for sale in October and 18 homes sold in October, keeping the absorption rate at 100%.


Here is what happened in September:

  • The number of freehold home sales decreased by almost 50% month-over-month. There were 14 home sales in September. (26 home sales in August). This is not because of lack of demand, this is because there were fewer homes listed!
  • There were 14 homes listed for sale in September and 14 homes sold in September, keeping the absorption rate at 100%
  • The average selling price increased month-over-month. $1,621,048 in September ($1,387,615 in August). This increase is because September had one sale of $4 million bringing the average up.


Here is what happened in August:

  • The number of freehold home sales increased by seven units month-over-month. There were 26 home sales in August. (19 home sales in July).
  • The average selling price stayed steady month-over-month. $1,394,368 July, $1,387,615 August.
  • There were 26 homes listed for sale in August and 26 homes sold in August, keeping the absorption rate at 100%.


 

Here is what happened in July:

  • The number of freehold home sales increased by one unit month-over-month. There were 19 home sales in July. (18 home sales in June)
  • The average selling price increased slightly month-over-month. July: $1,394,368, June $1,361,056. This is because July had one sale above $1.9m, which brought the average up slightly.
  • There were 19 homes listed for sale in July and 19 homes sold in July, keeping the absorption rate at 100%.


Here are the real estate transactions that happened in June:

  • There were 18 homes sales in June. (23 homes sales in May)
  • The average selling price decreased slightly month over month. May:  $1,453,234, and June:  $1,361,056. This is because May had one sale above $2m, which brought the average up, and all sales in June were below $2m which brought the average down.
  • The percentage of homes listed for sale vs homes sold stayed at 100%.


Here are the real estate transactions that happened in May:

  • 23 home sales (there were 22 sales in April)
  • The average selling price decreased slightly month over month. April:  $1,534,449, and May:  $1,453,234. This is because April had one sale above $3m, which brought the average up, and May had one sale below $1m which brought the average down.
  • The percentage of homes listed for sale vs homes sold stayed at 100%.


Here are the real estate transactions that happened in April:

  • The number of home sales decreased by 8. March: 30 homes sales, and April: 22 home sales.
  • The average selling price increased slightly month over month. March:  $1,437,133, and April:  $1,534,449.
  • The percentage of homes listed for sale vs homes sold stayed at 100%. In March, (29/29) of active listings sold. April, (22/22) sold.


Here’s what happened in March:

  • The number of home sales increased by three. In February: 26 homes sales, and March: 29 home sales.
  • The average selling price increased slightly month over month. February:  $1,418,300, and March:  $1,439,448.
  • The percentage of homes listed for sale vs homes sold, increased to 100%, meaning that there is a higher absorption rate of available homes.  In February, 65% (26/40) of active listings sold. March, 100% (29/29) sold.
  • We are still seeing a strong seller’s market.


Here’s what happened in the Markham Village – Sherwood Amberglen area in February 2021:

  • The number of home sales doubled month-over-month. January:  13 homes sales, and February: 26 home sales.
  • The average selling price increased by almost 15% month over month. January:  $1,236,985, and February:  $1,419,492.
  • The percentage of homes listed for sale vs homes sold, increased slightly, meaning that there is a higher absorption rate of available homes.  In January, 57% (13/21) of active listings sold. February, 65% (26/40) sold.
  • It is an increasingly strong seller’s market, with the average sale price to list price ratio at 116% in February, 109% in January.

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