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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.

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How’s The Markham Real Estate Market Doing? June 2014

June 16, 2014 By Martin MacFarlane Leave a Comment

The Markham real estate market continued with strong gains in the month of May.  Competition among buyers remained very tight as total inventory remained fairly low levels.

Total sales for the month were up by 4.6% as compared to May of 2013 but total inventory was down by over 27% fuelling more, impressive price growth.  On a year to date basis, we are also well ahead of last year.  So far this year we have seen 1985 total sales as compared to 1863 at the same point last year and as you might expect, we’ve seen less available listings as well.

So how did this all affect average prices in Markham?  Month over month yielded an impressive jump of 16.1% to an average of $739,692 while on a year-to-date basis, we are trending at 10.6% above last years average price.  Considering May was the peak of the spring market and typically the most active time of the year, the question remains “how long can these prices increase for?”  Personally, I would expect the gains to continue but with the summer market approaching, overall conditions should soften a little….but who knows in this crazy market!

Markham real estate ydt prices May 2014

 

 

 

 

Markham real estate Days on MarketMay 2014

Markham real estate May 2014.003

Markham real estate sales listings May 2014
If you’re planning to put your home on the market this year and aren’t sure whether you should buy first or sell first, give me a call, or maybe you’re a first time buyer and you’re getting very frustrated with the market?  Feel free to give me a call and we can discuss an appropriate strategy for your current situation. I can always be reached directly at 416-995-5542 or by e-mail at [email protected] 

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