The pulse of the Vaughan real estate market

Jun05

May 2017 Vaughan Real Estate Market Update

May 2017 Vaughan Real Estate Market Update

As of May 2017, the Vaughan real estate market is currently favouring: Buyers & Sellers

Vaughan has consistently been in a strong seller's market since Oct 2013.  For the first time since then (as of mid-Apr 2017), we've started seeing evidence of a more balanced market favouring both sellers and buyers.  Buyers should take notice.  There's an opportunity here for buyers to capitalize on this market.  Don't expect a crash, don't keep on holding off thinking that prices will come down substantially.  Get into the market.  You'll most likely be able to buy a home with conditions on your offers (home inspection & mortgage approval) at a fair price and it won't be bidding war after bidding war. And most importantly, the price (and equity) in your home will continue to rise as the GTA continues to catch up to other world-class cities.  As you can see from the graph below, balanced markets in Vaughan tend to only last a short time, so there is urgency if you want to take advantage of these more favourable market conditions

Vaughan Market Status As of May 6, 2017

VaughanMarketStatusApr2017

Average Price of a Home in Vaughan (all types) As of May 6, 2017

Average Home Price in Vaughan

Average Days on Market in Vaughan (all types) As of May 6, 2017

Average Days on Market in Vaughan

Monthly Number of Sales in Vaughan (all types) As of May 6, 2017

Monthly Home Sales in Vaughan

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