Source: TRREB MarketWatch, May 2019

9 areas

York Region

May 2019

Headline indicators

All home types

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

$929,684

MoM +$16,489 +1.8% YoY −0.4%

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

$857,000

MoM +$12,000 +1.4% YoY +0.8%

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.

1,531

MoM +63 +4.3% YoY +24.2%

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

$1.42B

MoM +$82,775,706 +6.2% YoY +23.6%

New listings — Properties newly listed during the month.

3,869

MoM +321 +9.0% YoY −6.5%

Active listings — Listings available at month end.

5,116

MoM +473 +10.2% YoY −10.3%

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

MoM no change YoY −11.5%

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

98%

MoM no change YoY +1.0%

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

39.6%

MoM −1.8 pp −4.4% YoY +32.8%

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.

3.3

MoM +0 +5.7% YoY −27.8%

Trend

13 months to May 2019

Average price

York Region average selling price over the 13 months ending May 2019.
Month	Average price
May '18	933873
Jun '18	928076
Jul '18	924005
Aug '18	923152
Sep '18	903704
Oct '18	917007
Nov '18	887030
Dec '18	892238
Jan '19	871341
Feb '19	915737
Mar '19	915213
Apr '19	913195
May '19	929684

Sales

York Region sales over the 13 months ending May 2019.
Month	Sales
May '18	1233
Jun '18	1260
Jul '18	1083
Aug '18	1111
Sep '18	983
Oct '18	1164
Nov '18	999
Dec '18	590
Jan '19	589
Feb '19	795
Mar '19	1183
Apr '19	1468
May '19	1531

By home type

Home type	Sales	MoM	Average	MoM	Median	SNLR	MOI
All home types	1,531	+63 +4.3% up 63, 4.3% versus April 2019	$929,684	+$16,489 +1.8% up $16,489, 1.8% versus April 2019	$857,000	39.6%	3.3
Detached	877	+100 +12.9% up 100, 12.9% versus April 2019	$1,111,113	−$6,209 −0.6% down $6,209, 0.6% versus April 2019	$1,039,999	34.4%	4.2
Semi-detached	110	−22 −16.7% down 22, 16.7% versus April 2019	$776,544	−$4,344 −0.6% down $4,344, 0.6% versus April 2019	$781,750	56.4%	1.6
Att/row/townhouse	235	−1 −0.4% down 1, 0.4% versus April 2019	$786,637	+$24,228 +3.2% up $24,228, 3.2% versus April 2019	$788,000	49.5%	2.3
Condo townhouse	77	+3 +4.1% up 3, 4.1% versus April 2019	$622,456	+$11,055 +1.8% up $11,055, 1.8% versus April 2019	$616,100	54.2%	2.1
Condo apartment	198	−17 −7.9% down 17, 7.9% versus April 2019	$514,820	−$21,535 −4.0% down $21,535, 4.0% versus April 2019	$481,750	45.3%	2.5
Link	32	−2 −5.9% down 2, 5.9% versus April 2019	$856,378	+$7,972 +0.9% up $7,972, 0.9% versus April 2019	$841,500	46.4%	2.2
Co-op apartment	1	+1 up 1 versus April 2019	$428,000	n/a not available, prior month not on file versus April 2019	$428,000	—	0.0
Detached condo	1	+1 up 1 versus April 2019	$925,000	n/a not available, prior month not on file versus April 2019	$925,000	100.0%	1.0
Co-ownership apartment	0	no change no change versus April 2019	—	n/a not available, prior month not on file versus April 2019	—	—	—

Movers within York Region

Minimum 10 sales to qualify

Average price, month-over-month

Top 5

Whitchurch-Stouffville +13.5% up 13.5%
King +8.9% up 8.9%
Markham +6.0% up 6.0%
Newmarket +2.4% up 2.4%
Richmond Hill +0.8% up 0.8%

Bottom 5

Aurora −3.3% down 3.3%
Vaughan −1.7% down 1.7%
East Gwillimbury +0.4% up 0.4%
Georgina +0.7% up 0.7%
Richmond Hill +0.8% up 0.8%

Sales, month-over-month

Top 5

Whitchurch-Stouffville +31.7% up 31.7%
Aurora +19.2% up 19.2%
East Gwillimbury +14.3% up 14.3%
Richmond Hill +6.0% up 6.0%
Newmarket +5.2% up 5.2%

Bottom 5

King −17.2% down 17.2%
Georgina −7.4% down 7.4%
Vaughan −0.5% down 0.5%
Markham +2.1% up 2.1%
Newmarket +5.2% up 5.2%

York Region

King focus

King, York Region

$1,407,771

+$115,012 +8.9% up $115,012, 8.9% versus April 2019

Sales: 24
SP/LP: 95%
DOM: 33
SNLR: 17.9%

Full history →

Richmond Hill focus

Richmond Hill, York Region

$1,024,806

+$8,590 +0.8% up $8,590, 0.8% versus April 2019

Sales: 267
SP/LP: 97%
DOM: 26
SNLR: 34.8%

Full history →

Vaughan focus

Vaughan, York Region

$980,277

−$17,185 −1.7% down $17,185, 1.7% versus April 2019

Sales: 372
SP/LP: 98%
DOM: 21
SNLR: 42.6%

Full history →

Markham focus

Markham, York Region

$967,949

+$54,911 +6.0% up $54,911, 6.0% versus April 2019

Sales: 390
SP/LP: 99%
DOM: 22
SNLR: 45.7%

Full history →

Whitchurch-Stouffville focus

Whitchurch-Stouffville, York Region

$918,794

+$109,398 +13.5% up $109,398, 13.5% versus April 2019

Sales: 79
SP/LP: 97%
DOM: 25
SNLR: 38.9%

Full history →

Aurora focus

Aurora, York Region

$859,261

−$29,126 −3.3% down $29,126, 3.3% versus April 2019

Sales: 118
SP/LP: 99%
DOM: 23
SNLR: 41.1%

Full history →

East Gwillimbury focus

East Gwillimbury, York Region

$811,017

+$2,830 +0.4% up $2,830, 0.4% versus April 2019

Sales: 64
SP/LP: 97%
DOM: 33
SNLR: 34.2%

Full history →

Newmarket focus

Newmarket, York Region

$743,148

+$17,438 +2.4% up $17,438, 2.4% versus April 2019

Sales: 142
SP/LP: 99%
DOM: 23
SNLR: 44.0%

Full history →

Georgina focus

Georgina, York Region

$564,852

+$4,125 +0.7% up $4,125, 0.7% versus April 2019

Sales: 75
SP/LP: 97%
DOM: 29
SNLR: 31.1%

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	24	−5 −17.2% down 5, 17.2% versus April 2019	$33.8M	$1,407,771	+$115,012 +8.9% up $115,012, 8.9% versus April 2019	$1,220,000	134	273	95%	33	—	17.9%	11.4
Richmond Hill focus Richmond Hill, York Region	267	+15 +6.0% up 15, 6.0% versus April 2019	$273.6M	$1,024,806	+$8,590 +0.8% up $8,590, 0.8% versus April 2019	$925,000	767	1,047	97%	26	—	34.8%	3.9
Vaughan focus Vaughan, York Region	372	−2 −0.5% down 2, 0.5% versus April 2019	$364.7M	$980,277	−$17,185 −1.7% down $17,185, 1.7% versus April 2019	$925,000	874	1,070	98%	21	—	42.6%	2.9
Markham focus Markham, York Region	390	+8 +2.1% up 8, 2.1% versus April 2019	$377.5M	$967,949	+$54,911 +6.0% up $54,911, 6.0% versus April 2019	$912,500	853	1,049	99%	22	—	45.7%	2.7
Whitchurch-Stouffville focus Whitchurch-Stouffville, York Region	79	+19 +31.7% up 19, 31.7% versus April 2019	$72.6M	$918,794	+$109,398 +13.5% up $109,398, 13.5% versus April 2019	$830,000	203	304	97%	25	—	38.9%	3.9
Aurora focus Aurora, York Region	118	+19 +19.2% up 19, 19.2% versus April 2019	$101.4M	$859,261	−$29,126 −3.3% down $29,126, 3.3% versus April 2019	$839,357	287	367	99%	23	—	41.1%	3.1
East Gwillimbury focus East Gwillimbury, York Region	64	+8 +14.3% up 8, 14.3% versus April 2019	$51.9M	$811,017	+$2,830 +0.4% up $2,830, 0.4% versus April 2019	$769,000	187	262	97%	33	—	34.2%	4.1
Newmarket focus Newmarket, York Region	142	+7 +5.2% up 7, 5.2% versus April 2019	$105.5M	$743,148	+$17,438 +2.4% up $17,438, 2.4% versus April 2019	$713,500	323	409	99%	23	—	44.0%	2.9
Georgina focus Georgina, York Region	75	−6 −7.4% down 6, 7.4% versus April 2019	$42.4M	$564,852	+$4,125 +0.7% up $4,125, 0.7% versus April 2019	$550,000	241	335	97%	29	—	31.1%	4.5