Source: TRREB MarketWatch, March 2018

9 areas

York Region

March 2018

Headline indicators

All home types

Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.

$939,659

MoM +$40,771 +4.5% YoY −20.5%

Median price — The midpoint sale price. Less affected by a few very high or low sales than the average.

$860,000

MoM +$42,000 +5.1% YoY −19.8%

MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.

—

MoM n/a YoY n/a

Sales — Firm transactions reported through the MLS® System during the month.

1,066

MoM +261 +32.4% YoY −55.6%

Dollar volume — Total value of all sales in the month.

$1.00B

MoM +$278,072,045 +38.4% YoY −64.7%

New listings — Properties newly listed during the month.

3,407

MoM +1,073 +46.0% YoY −11.4%

Active listings — Listings available at month end.

4,588

MoM +941 +25.8% YoY +148.4%

Avg. DOM — Average days on market. Editions before 2020 report this single figure rather than splitting it into LDOM and PDOM.

MoM −6 days −20.0% YoY +166.7%

Avg. SP/LP — Average sale price as a share of list price. Above 100% means competing offers were common.

97%

MoM no change YoY −14.2%

SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.

31.3%

MoM −3.2 pp −9.3% YoY −49.9%

Months of inventory — Active listings divided by monthly sales — how long the current stock would take to sell. Computed here, not TRREB’s trend figure.

4.3

MoM −0 −5.0% YoY +459.7%

Trend

13 months to March 2018

Average price

York Region average selling price over the 13 months ending March 2018.
Month	Average price
Mar '17	1182406
Apr '17	1198229
May '17	1083647
Jun '17	990530
Jul '17	951557
Aug '17	936885
Sep '17	991339
Oct '17	961431
Nov '17	921654
Dec '17	908892
Jan '18	870483
Feb '18	898888
Mar '18	939659

Sales

York Region sales over the 13 months ending March 2018.
Month	Sales
Mar '17	2402
Apr '17	2042
May '17	1479
Jun '17	1095
Jul '17	804
Aug '17	930
Sep '17	944
Oct '17	1072
Nov '17	1027
Dec '17	731
Jan '18	595
Feb '18	805
Mar '18	1066

By home type

Home type	Sales	MoM	Average	MoM	Median	SNLR	MOI
All home types	1,066	+261 +32.4% up 261, 32.4% versus February 2018	$939,659	+$40,771 +4.5% up $40,771, 4.5% versus February 2018	$860,000	31.3%	4.3
Detached	599	+174 +40.9% up 174, 40.9% versus February 2018	$1,157,352	+$36,923 +3.3% up $36,923, 3.3% versus February 2018	$1,090,000	27.7%	5.1
Semi-detached	73	+14 +23.7% up 14, 23.7% versus February 2018	$747,268	−$8,859 −1.2% down $8,859, 1.2% versus February 2018	$745,000	40.3%	2.8
Att/row/townhouse	149	+24 +19.2% up 24, 19.2% versus February 2018	$768,433	+$18,399 +2.5% up $18,399, 2.5% versus February 2018	$765,000	33.5%	3.7
Condo townhouse	49	+23 +88.5% up 23, 88.5% versus February 2018	$564,882	−$56,625 −9.1% down $56,625, 9.1% versus February 2018	$557,500	39.5%	3.3
Condo apartment	162	+17 +11.7% up 17, 11.7% versus February 2018	$507,518	+$17,257 +3.5% up $17,257, 3.5% versus February 2018	$483,000	42.1%	3.0
Link	34	+9 +36.0% up 9, 36.0% versus February 2018	$867,015	−$5,365 −0.6% down $5,365, 0.6% versus February 2018	$858,500	31.5%	3.2
Co-op apartment	0	no change no change versus February 2018	—	n/a not available, prior month not on file versus February 2018	—	—	—
Detached condo	0	no change no change versus February 2018	—	n/a not available, prior month not on file versus February 2018	—	0.0%	—
Co-ownership apartment	0	no change no change versus February 2018	—	n/a not available, prior month not on file versus February 2018	—	—	—

Movers within York Region

Minimum 10 sales to qualify

Average price, month-over-month

Top 5

King +54.3% up 54.3%
Whitchurch-Stouffville +8.6% up 8.6%
Richmond Hill +5.1% up 5.1%
Vaughan +4.4% up 4.4%
Georgina +3.2% up 3.2%

Bottom 5

Aurora −7.7% down 7.7%
East Gwillimbury −0.6% down 0.6%
Markham +0.5% up 0.5%
Newmarket +0.7% up 0.7%
Georgina +3.2% up 3.2%

Sales, month-over-month

Top 5

King +125.0% up 125.0%
Markham +44.6% up 44.6%
Aurora +42.1% up 42.1%
Georgina +31.3% up 31.3%
Richmond Hill +29.8% up 29.8%

Bottom 5

East Gwillimbury +6.7% up 6.7%
Newmarket +13.6% up 13.6%
Whitchurch-Stouffville +23.1% up 23.1%
Vaughan +28.7% up 28.7%
Richmond Hill +29.8% up 29.8%

York Region

King focus

King, York Region

$1,698,815

+$598,065 +54.3% up $598,065, 54.3% versus February 2018

Sales: 27
SP/LP: 94%
DOM: 36
SNLR: 23.9%

Full history →

Richmond Hill focus

Richmond Hill, York Region

$1,027,674

+$49,789 +5.1% up $49,789, 5.1% versus February 2018

Sales: 170
SP/LP: 97%
DOM: 26
SNLR: 27.9%

Full history →

Vaughan focus

Vaughan, York Region

$994,619

+$41,843 +4.4% up $41,843, 4.4% versus February 2018

Sales: 287
SP/LP: 97%
DOM: 23
SNLR: 35.4%

Full history →

Markham focus

Markham, York Region

$952,486

+$4,843 +0.5% up $4,843, 0.5% versus February 2018

Sales: 266
SP/LP: 98%
DOM: 23
SNLR: 34.2%

Full history →

Whitchurch-Stouffville focus

Whitchurch-Stouffville, York Region

$951,358

+$75,653 +8.6% up $75,653, 8.6% versus February 2018

Sales: 48
SP/LP: 97%
DOM: 25
SNLR: 29.4%

Full history →

Aurora focus

Aurora, York Region

$866,320

−$71,940 −7.7% down $71,940, 7.7% versus February 2018

Sales: 81
SP/LP: 97%
DOM: 26
SNLR: 36.2%

Full history →

East Gwillimbury focus

East Gwillimbury, York Region

$772,945

−$4,478 −0.6% down $4,478, 0.6% versus February 2018

Sales: 32
SP/LP: 98%
DOM: 21
SNLR: 19.4%

Full history →

Newmarket focus

Newmarket, York Region

$749,281

+$4,965 +0.7% up $4,965, 0.7% versus February 2018

Sales: 92
SP/LP: 97%
DOM: 28
SNLR: 27.9%

Full history →

Georgina focus

Georgina, York Region

$520,348

+$15,936 +3.2% up $15,936, 3.2% versus February 2018

Sales: 63
SP/LP: 97%
DOM: 26
SNLR: 29.3%

Full history →

All York Region areas

Home type

9 areas

Area	Sales	MoM	$ volume	Average	MoM	Median	New	Active	SP/LP	LDOM	PDOM	SNLR	MOI
King focus King, York Region	27	+15 +125.0% up 15, 125.0% versus February 2018	$45.9M	$1,698,815	+$598,065 +54.3% up $598,065, 54.3% versus February 2018	$1,580,000	113	194	94%	36	—	23.9%	7.2
Richmond Hill focus Richmond Hill, York Region	170	+39 +29.8% up 39, 29.8% versus February 2018	$174.7M	$1,027,674	+$49,789 +5.1% up $49,789, 5.1% versus February 2018	$939,400	610	867	97%	26	—	27.9%	5.1
Vaughan focus Vaughan, York Region	287	+64 +28.7% up 64, 28.7% versus February 2018	$285.5M	$994,619	+$41,843 +4.4% up $41,843, 4.4% versus February 2018	$925,000	810	1,021	97%	23	—	35.4%	3.6
Markham focus Markham, York Region	266	+82 +44.6% up 82, 44.6% versus February 2018	$253.4M	$952,486	+$4,843 +0.5% up $4,843, 0.5% versus February 2018	$882,500	777	960	98%	23	—	34.2%	3.6
Whitchurch-Stouffville focus Whitchurch-Stouffville, York Region	48	+9 +23.1% up 9, 23.1% versus February 2018	$45.7M	$951,358	+$75,653 +8.6% up $75,653, 8.6% versus February 2018	$859,500	163	232	97%	25	—	29.4%	4.8
Aurora focus Aurora, York Region	81	+24 +42.1% up 24, 42.1% versus February 2018	$70.2M	$866,320	−$71,940 −7.7% down $71,940, 7.7% versus February 2018	$800,000	224	306	97%	26	—	36.2%	3.8
East Gwillimbury focus East Gwillimbury, York Region	32	+2 +6.7% up 2, 6.7% versus February 2018	$24.7M	$772,945	−$4,478 −0.6% down $4,478, 0.6% versus February 2018	$693,000	165	273	98%	21	—	19.4%	8.5
Newmarket focus Newmarket, York Region	92	+11 +13.6% up 11, 13.6% versus February 2018	$68.9M	$749,281	+$4,965 +0.7% up $4,965, 0.7% versus February 2018	$705,000	330	441	97%	28	—	27.9%	4.8
Georgina focus Georgina, York Region	63	+15 +31.3% up 15, 31.3% versus February 2018	$32.8M	$520,348	+$15,936 +3.2% up $15,936, 3.2% versus February 2018	$490,000	215	294	97%	26	—	29.3%	4.7