York Area Quarterly Luxurious Actual Property Market Report – Second Quarter – 2009

The luxurious dwelling market in southern York Area* confirmed vibrancy within the second quarter of 2009. A complete of 284 indifferent houses offered for $750,000 or extra, down solely 20 items over the identical interval in 2008. Two houses broke the $four million gross sales worth barrier this quarter – a $four.2 million dwelling in King, and a $four million dwelling in Vaughan. The next report offers an summary of properties listed at or offered for $750,000 or larger throughout the second quarter of 2009.AuroraThe Aurora space at the moment has 71 properties on the market within the $750,000+ worth vary. Within the second quarter of 2009, 19 luxurious properties offered, versus 16 in the identical interval of 2008. Days on market elevated to 56 days, up from 20 days in 2008. The median offered worth was $1.15 million, with the highest sale within the quarter for this neighborhood at $2.095 million.KingIn the second quarter of 2009, 34 properties offered for $750,000 or extra, nearly double the amount throughout the identical time interval in 2008. Median sale worth was $926,300 – a lower of 5 per cent over the identical quarter in 2008. Days on market had been down from 50 to 41. The very best sale for the neighborhood was $four.2 million, in contrast with $three.75 million in 2008. There are at the moment 101 top-tier houses obtainable on the market, with the best itemizing at $four.85 million.

Newmarket Newmarket skilled a slight improve in median sale worth within the second quarter of 2009, from $811,500 in 2008 as much as $830,000 in 2009. The highest sale within the second quarter of 2009 in Newmarket was $925,000. Eight luxurious properties are at the moment in the marketplace, with the best priced itemizing at $915,000.Richmond Hill Within the second quarter of 2009, 92 properties offered, down 19.three% from 114 gross sales within the second quarter of 2008. The median sale worth was $887,000, and properties had been in the marketplace for 31 days. The highest sale within the quarter in Richmond Hill was $three.5 million, in contrast with a prime sale of $2.45 million in the identical interval in 2008. The highest-priced itemizing is at the moment at $three.999 million.ThornhillThirty-six properties offered in Thornhill, with the best sale reaching $1.9 million. Gross sales quantity was down barely, from 41 items in 2008 to 36 in 2009. The median sale worth was $960,000, up eight.5% over 2008. Eighty-eight properties priced at $750,000 and above are actually obtainable on the market. The very best priced itemizing in Thornhill – and for your entire examine space – is an property dwelling listed at $9.38 million.Unionville/MarkhamFifty properties offered in Unionville and Markham, with the best sale reaching $1.44 million. Gross sales quantity was up barely, from 47 items in 2008 to 50 in 2009, as was days on market – from 27 days in 2008 to 29 days in 2009. The median sale worth was $845,000, equal to that of 2008. Seventy-five properties priced at $750,000 and above are actually obtainable on the market. The very best priced itemizing within the space is $2.899 million.VaughanVaughan, together with Woodbridge and Kleinburg, has 93 top-tier properties on the market. Within the second quarter of 2009, 31 items offered, down nearly 30% from the 44 gross sales achieved within the second quarter of 2008. Median sale worth was down from $900,000 in 2008 to $850,000. Nevertheless, the highest sale got here in at $four.zero million – nearly double the highest sale of $2.18 million within the second quarter of 2008. The highest itemizing at the moment provided on the market is at $four.78 million. Days on market remained pretty regular, from 24 days in 2008 to 25 days in 2009.

Whitchurch-StouffvilleThe Whitchurch-Stouffville space has 103 properties on the market within the $750,000+ worth vary. Gross sales quantity elevated from 15 gross sales within the second quarter of 2008 to 19 in 2009. The median offered worth on this space was $1.01 million, with the highest sale at $1.550 million. This represents a 6.three% improve in median sale worth. The very best itemizing is at the moment provided for $four.25 million. Median days on market dropped to 39 days from 47 days.*Be aware: Commentary relies on indifferent residential properties listed on the A number of Itemizing Companies (MLS) in TREB map areas N01-N08 and N10-N14, with a offered worth of $750,000 or larger, that offered throughout the months of April, Could, and June 2009. Knowledge was collected on July 1, 2009. Days on Market calculations are based mostly on median values.

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