MLS® Home Price Index (“HPI”)
From month-to-month over the past 12 months, the HPI demonstrated an upward price trend. There were some relatively flat months, including, most recently, from March 2021 to April 2021 (+1.24%). Overall, from April 2020 to April 2021, detached home prices in Vaughan went up by 19.1%. Detached home prices in Vaughan may have reached a plateau, at least for now, as the pool of buyers who can afford such home prices may have dried up after a period of price increases which may have surpassed affordability.
Market Trends from BrokerBay Inc.
Although it wouldn’t be accurate to take these aggregate numbers and average them out, it is an interesting exercise in which to partake, to provide perspective:
- Showings per New Listing: If we average the number of showings per new listing, then each new listing got 23 showings.
- Offers per Listing: If we average the number of offers per new listing, then each new listing got 1-2 offers. If we average the number of offers per sold listing, then each sold listing got 3 offers.
The average detached home price in Vaughan was around $1.33 million over the past 30 days.
The average number of days on market was around 13 days.
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