Source: TRREB MarketWatch, December 2018

9 areas

York Region

December 2018

Headline indicators

All home types

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

$892,238

MoM +$5,208 +0.6% YoY −1.8%

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

$810,000

MoM +$5,000 +0.6% YoY +0.4%

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.

590

MoM −409 −40.9% YoY −19.3%

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

$526.4M

MoM −$359,723,185 −40.6% YoY −20.8%

New listings — Properties newly listed during the month.

861

MoM −1,295 −60.1% YoY −30.8%

Active listings — Listings available at month end.

3,092

MoM −1,306 −29.7% YoY −7.7%

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

MoM +3 days +8.8% YoY +23.3%

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

96%

MoM −1.0 pp −1.0% YoY −1.0%

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

68.5%

MoM +22.2 pp +47.9% YoY +16.7%

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.

5.2

MoM +1 +19.0% YoY +14.4%

Trend

13 months to December 2018

Average price

York Region average selling price over the 13 months ending December 2018.
Month	Average price
Dec '17	908892
Jan '18	870483
Feb '18	898888
Mar '18	939659
Apr '18	940400
May '18	933873
Jun '18	928076
Jul '18	924005
Aug '18	923152
Sep '18	903704
Oct '18	917007
Nov '18	887030
Dec '18	892238

Sales

York Region sales over the 13 months ending December 2018.
Month	Sales
Dec '17	731
Jan '18	595
Feb '18	805
Mar '18	1066
Apr '18	1149
May '18	1233
Jun '18	1260
Jul '18	1083
Aug '18	1111
Sep '18	983
Oct '18	1164
Nov '18	999
Dec '18	590

By home type

Home type	Sales	MoM	Average	MoM	Median	SNLR	MOI
All home types	590	−409 −40.9% down 409, 40.9% versus November 2018	$892,238	+$5,208 +0.6% up $5,208, 0.6% versus November 2018	$810,000	68.5%	5.2
Detached	321	−186 −36.7% down 186, 36.7% versus November 2018	$1,113,964	+$9,913 +0.9% up $9,913, 0.9% versus November 2018	$972,000	60.3%	6.7
Semi-detached	42	−55 −56.7% down 55, 56.7% versus November 2018	$753,850	+$11,445 +1.5% up $11,445, 1.5% versus November 2018	$770,000	105.0%	2.7
Att/row/townhouse	78	−72 −48.0% down 72, 48.0% versus November 2018	$745,518	−$25,661 −3.3% down $25,661, 3.3% versus November 2018	$738,400	75.7%	4.1
Condo townhouse	32	−15 −31.9% down 15, 31.9% versus November 2018	$553,647	−$71,393 −11.4% down $71,393, 11.4% versus November 2018	$544,000	78.0%	3.3
Condo apartment	102	−69 −40.4% down 69, 40.4% versus November 2018	$471,954	−$29,463 −5.9% down $29,463, 5.9% versus November 2018	$451,000	80.3%	3.6
Link	15	−12 −44.4% down 12, 44.4% versus November 2018	$877,980	+$4,645 +0.5% up $4,645, 0.5% versus November 2018	$840,000	88.2%	2.8
Co-op apartment	0	no change no change versus November 2018	—	n/a not available, prior month not on file versus November 2018	—	—	—
Detached condo	0	no change no change versus November 2018	—	n/a not available, prior month not on file versus November 2018	—	0.0%	—
Co-ownership apartment	0	no change no change versus November 2018	—	n/a not available, prior month not on file versus November 2018	—	—	—

Movers within York Region

Minimum 10 sales to qualify

Average price, month-over-month

Top 5

Aurora +8.5% up 8.5%
Vaughan +8.2% up 8.2%
East Gwillimbury +2.6% up 2.6%
Richmond Hill +1.1% up 1.1%
Newmarket −0.8% down 0.8%

Bottom 5

Whitchurch-Stouffville −20.3% down 20.3%
Georgina −4.9% down 4.9%
Markham −1.9% down 1.9%
Newmarket −0.8% down 0.8%
Richmond Hill +1.1% up 1.1%

Sales, month-over-month

Top 5

Newmarket −25.6% down 25.6%
Whitchurch-Stouffville −34.2% down 34.2%
Richmond Hill −38.7% down 38.7%
Georgina −38.9% down 38.9%
Vaughan −40.8% down 40.8%

Bottom 5

Markham −43.9% down 43.9%
Aurora −43.6% down 43.6%
East Gwillimbury −41.2% down 41.2%
Vaughan −40.8% down 40.8%
Georgina −38.9% down 38.9%

York Region

King focus

King, York Region

$1,821,429

+$452,500 +33.1% up $452,500, 33.1% versus November 2018

Sales: 7
SP/LP: 96%
DOM: 46
SNLR: 23.3%

Full history →

Richmond Hill focus

Richmond Hill, York Region

$1,006,353

+$10,740 +1.1% up $10,740, 1.1% versus November 2018

Sales: 100
SP/LP: 95%
DOM: 39
SNLR: 67.1%

Full history →

Vaughan focus

Vaughan, York Region

$971,520

+$73,936 +8.2% up $73,936, 8.2% versus November 2018

Sales: 155
SP/LP: 97%
DOM: 36
SNLR: 72.4%

Full history →

Aurora focus

Aurora, York Region

$936,741

+$73,027 +8.5% up $73,027, 8.5% versus November 2018

Sales: 44
SP/LP: 96%
DOM: 46
SNLR: 78.6%

Full history →

Markham focus

Markham, York Region

$851,817

−$16,702 −1.9% down $16,702, 1.9% versus November 2018

Sales: 142
SP/LP: 95%
DOM: 35
SNLR: 65.4%

Full history →

Whitchurch-Stouffville focus

Whitchurch-Stouffville, York Region

$843,188

−$214,149 −20.3% down $214,149, 20.3% versus November 2018

Sales: 25
SP/LP: 97%
DOM: 33
SNLR: 83.3%

Full history →

East Gwillimbury focus

East Gwillimbury, York Region

$839,715

+$21,586 +2.6% up $21,586, 2.6% versus November 2018

Sales: 20
SP/LP: 95%
DOM: 48
SNLR: 48.8%

Full history →

Newmarket focus

Newmarket, York Region

$691,797

−$5,655 −0.8% down $5,655, 0.8% versus November 2018

Sales: 64
SP/LP: 97%
DOM: 32
SNLR: 106.7%

Full history →

Georgina focus

Georgina, York Region

$549,264

−$28,027 −4.9% down $28,027, 4.9% versus November 2018

Sales: 33
SP/LP: 96%
DOM: 42
SNLR: 51.6%

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	7	−24 −77.4% down 24, 77.4% versus November 2018	$12.8M	$1,821,429	+$452,500 +33.1% up $452,500, 33.1% versus November 2018	$1,350,000	30	177	96%	46	—	23.3%	25.3
Richmond Hill focus Richmond Hill, York Region	100	−63 −38.7% down 63, 38.7% versus November 2018	$100.6M	$1,006,353	+$10,740 +1.1% up $10,740, 1.1% versus November 2018	$892,500	149	615	95%	39	—	67.1%	6.2
Vaughan focus Vaughan, York Region	155	−107 −40.8% down 107, 40.8% versus November 2018	$150.6M	$971,520	+$73,936 +8.2% up $73,936, 8.2% versus November 2018	$890,000	214	702	97%	36	—	72.4%	4.5
Aurora focus Aurora, York Region	44	−34 −43.6% down 34, 43.6% versus November 2018	$41.2M	$936,741	+$73,027 +8.5% up $73,027, 8.5% versus November 2018	$806,500	56	194	96%	46	—	78.6%	4.4
Markham focus Markham, York Region	142	−111 −43.9% down 111, 43.9% versus November 2018	$121.0M	$851,817	−$16,702 −1.9% down $16,702, 1.9% versus November 2018	$778,000	217	659	95%	35	—	65.4%	4.6
Whitchurch-Stouffville focus Whitchurch-Stouffville, York Region	25	−13 −34.2% down 13, 34.2% versus November 2018	$21.1M	$843,188	−$214,149 −20.3% down $214,149, 20.3% versus November 2018	$725,000	30	161	97%	33	—	83.3%	6.4
East Gwillimbury focus East Gwillimbury, York Region	20	−14 −41.2% down 14, 41.2% versus November 2018	$16.8M	$839,715	+$21,586 +2.6% up $21,586, 2.6% versus November 2018	$834,000	41	168	95%	48	—	48.8%	8.4
Newmarket focus Newmarket, York Region	64	−22 −25.6% down 22, 25.6% versus November 2018	$44.3M	$691,797	−$5,655 −0.8% down $5,655, 0.8% versus November 2018	$707,500	60	238	97%	32	—	106.7%	3.7
Georgina focus Georgina, York Region	33	−21 −38.9% down 21, 38.9% versus November 2018	$18.1M	$549,264	−$28,027 −4.9% down $28,027, 4.9% versus November 2018	$500,000	64	178	96%	42	—	51.6%	5.4