• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Martin MacFarlane: Markham Real Estate Agent | Homes For Sale

Real estate agent specializing in Markham Real Estate. Call 905-471-2000 to find Markham houses with the best value.

905-471-2000
Serving Markham, Unionville Stouffville & surrounding GTA

  • Home
  • About
    • About Martin
    • Contact Martin
    • Recent sales
    • Testimonials
    • FAQs
  • MLS Listings
    • Markham Houses For Sale
      • Under $500,000
      • $500,000 & $600,000
      • $600,000 & $700,000
      • $700,000 & $800,000
      • $800,000 & $900,000
      • $900,000 & $1,000,000
      • Over $1,000,000
      • Condos For Sale In Markham
    • Unionville Houses For Sale
      • Under $500,000
      • $500,000 & $600,000
      • $600,000 & $700,000
      • $700,000 & $800,000
      • $800,000 & $900,000
      • $900,000 & $1,000,000
      • $1,000,000 & $1,500,000
      • Over $1,500,000
      • Condos For Sale In Unionville
    • Stouffville Houses For Sale
      • Under $500,000
      • $500,000 & $600,000
      • $600,000 & $700,000
      • $700,000 & $800,000
      • $800,000 & $900,000
      • $900,000 & $1,000,000
      • Over $1,000,000
      • Condos For Sale In Stouffville
    • Search By Neighbourhood
    • Search By House Type
  • Neighbourhoods
    • Central Markham
      • Berczy Village
        • Neighbourhood guide
        • Berczy Village MLS listings
      • Bullock
        • neighbourhood guide
        • Bullock-Conservation MLS listings
      • Markham Village
        • Neighbourhood guide
        • Markham Village MLS listings
      • Markville
        • Neighbourhood guide
        • Markville MLS listings
      • Old Markham Village
        • Neighbourhood guide
        • Old Markham Village MLS listings
      • Raymerville
        • Neighbourhood guide
        • Raymerville MLS listings
      • Vinegar Hill
        • Neighbourhood guide
        • Vinegar Hill MLS listings
      • Wismer Commons
        • Neighbourhood guide
        • Wismer Commons MLS listings
    • East Markham
      • Box Grove
        • Neighbourhood guide
        • Box Grove MLS listings
      • Cedar Grove
        • Cedar Grove MLS Listings
      • Cornell
        • Neighbourhood guide
        • Cornell MLS listings
      • Greensborough
        • Neighbourhood guide
        • Greensborough MLS listings
      • Legacy
        • Neighbourhood guide
        • Legacy MLS listings
      • Sherwood Estates – Amber Glen
        • Neighbourhood guide
        • Sherwood – Amber Glen MLS listings
    • West Markham
      • Angus Glen
        • Neighbourhood guide
        • Angus Glen MLS listings
      • Buttonville
        • Neighbourhood guide
        • Buttonville MLS listings
      • Cachet – Devil’s Elbow
        • Neighbourhood guide
        • Cachet MLS listings
      • Cachet Woods
        • Neighbourhood guide
        • Cachet Woods MLS listings
      • South Unionville – Village Green
        • South Unionville – Village Green MLS Listings
      • Unionville
        • Neighbourhood guide
        • Unionville MLS listings
    • North Markham
      • Cathedraltown
        • Neighbourhood guide
        • Cathedraltown MLS listings
      • Rural Markham
        • Rural Markham MLS Listings
      • Victoria Manor – Jenning’s Gate
        • Neighbourhood guide
        • Victoria Manor – Jenning’s Gate MLS listings
      • Victoria Square
        • Victoria Square MLS Listings
    • South Markham
      • Cedarwood
        • Cedarwood MLS Listings
      • Middlefield
        • Middlefield MLS Listings
      • Milliken Mills East
        • Milliken Mills East MLS Listings
      • Milliken Mills West
        • Milliken Mills West MLS Listings
      • Rouge Fairways
        • Neighbourhood guide
        • Rouge Fairways MLS listings
      • Rouge River Estates
        • Rouge River Estates MLS Listings
    • Stouffville
      • Neighbourhood Guide
      • Stouffville MLS listings
  • Buy
    • First-Time Home Buyers
    • Buying Process
    • Why Buy With Martin?
    • Newcomers To Canada
    • Power Of Sale Listings
  • Sell
    • Pricing Your Home
    • Selling Steps
    • For Sale By Owner
    • Marketing Your Home
  • Market
    • How’s The Markham Real Estate Market Doing?
    • Neighbourhood Real Estate Reports
  • Resources
    • Agency Relationships
    • How Much Can I Afford?
    • Land Transfer Tax Calculator
    • Moving Checklist
    • Government Programs
  • Blog

Increased Sales, Less Inventory In October

November 15, 2019 By Martin MacFarlane Leave a Comment

The annual trend of tightening market conditions continued in October as the total sales continued to increase and available listings continued to decrease as compared to 2018.

Total sales in October were up by 36% compared to October 2018 and so far this year, total sales are up by nearly 22%. By contrast, new listing were down by 22% compared to October of 2018 and trending downward by 5.4% on a year-to-date basis.

This has lead to a modest but continual price growth with prices up 3.1% compared to October of 2018 and an increase of 2.1% so far this year. While the market is not on fire by any means, we are certainly experiencing a healthy positive market with a good balance of available homes vs sales.

Markham Real Estate Sold Statistics During October 2019

  • The average sale price in October 2019 was $1,005,148.  Up 12% over the same month last year.
  • The average sale price to date this year is $938,002.  Up 2% over last year.
  • The average time it took for a house to sell was 24 days compared to 27 days the month prior and 29 days last October.
  • There were 345 total sales last month.  Up 39.7% over the same period last year.
  • There were 753 new listings last month.  That’s a decrease of 0.5%.
  • The total months of inventory was 2.6 compared to 3.4 the month prior.
  • The average sold price for detached homes last month was $1,244,522 with 176 homes sold.
  • The average sold price for semi-detached homes last month was $872,800 with 29 homes sold.
  • The average sold price for townhomes last month was $830,073 with 49 homes sold.
  • The average sold price for condo apartments last month was $524,665 with 76 units sold.

If you’re planning to make a move, contact me anytime! 

To get a quick idea of your home’s value, please visit my online evaluation page and if you would like to create a customized market report, including sales of recent homes in your neighbourhood, create a customized neighbourhood market report.

Facebooktwitterredditpinterestlinkedinmail

Filed Under: Markham Market Updates

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Schedule A FREE HOME EVALUATION Now!

Selling A Home?

Selling a home in Markham

Buying A Home?

Buying a house in Markham
Market Insight
  • View recent sold prices
  • Average asking prices
  • How fast are homes selling
  • Is it a buyers or sellers market
Get it now!

Tweets by markhamREagent

Footer

Connect with me on:

Phone: 905-471-2000

Martin MacFarlane - Sales Representative - Sutton Group Heritage Realty Inc., Brokerage - Privacy Policy