Markham Real Estate Market Update June 2018


Real Estate In Markham is a balanced market favoring buyers. There is significant amount of homes for sale in Markham, and buyers are not in a rush to buy yet. There is a 7.09 months supply of inventory on the market in Markham on June 30, 2018.



Now is the Time to Buy!

The average market time for a Single Family Homes to sell in Markham last month was 89 days.
The number of home sales in Markham from May 1, 2018 through May 31, 2018 was 6 units. That is 1% above the number of homes sold last month in Markham.

The average price per square foot in the area is now $17/Sq.Ft, which is 63% a decline from last month.



In Markham there were 2 units sold in May in the price range between $8,100 – $17,142 with an average of 3 bedrooms and 1.1 bathrooms and average Square footage of 1,081SF.

In Markham there were 3 units sold in May in the price range between $17,143 – $40,591 with an average of 2.7 bedrooms and 1.4 bathrooms and average Square footage of 1,034SF.

In Markham there were 1 units sold in May in the price range between $40,592 – $55,000 with an average of 3 bedrooms and 2 bathrooms and average Square footage of 0SF.

The low price range had the most activity. Homes up to $17,142 were on the market on average 19 days and sold an average of $12,550.

If you are looking for a new home for you and your family, or looking for an investment property, you can’t go wrong by getting a prime piece of real estate in Markham. Search all Markham homes for Sale on propertyup.com If you are considering viewing Markham, you may want to do so now!

Markham
Apr 1, 2018 – Apr 30, 2018
May 1, 2018 – May 31, 2018
Month
April
May
Average Listing Price
$79,156
$72,375
Median Sales Price
$76,761
$26,183
Month supply of inventory
6
7.1
Market Time Detached
42 days
89 days
Market Time Attached
7 days
0 days
Inventory
75 properties
85 properties
Low price range
$22,000 – $49,381
$8,100 – $17,142
Low price range market time
26 days
19 days
Low price range units sold
0
2
Low price range bedrooms
3.2
3
Low price range bathrooms
1.2
1.1
Low price range approx sqft
1,143 SF
1,081 SF
Mid price range
$49,382 – $128,380
$17,143 – $40,591
Mid price range market time
69 days
116 days
Mid price range units sold
2
3
Mid price range bedrooms
3
2.7
Mid price range bathrooms
1.6
1.4
Mid price range approx sqft
2,595 SF
1,034 SF
High price range
$128,381 – $180,000
$40,592 – $55,000
High price range market time
39 days
146 days
High price range units sold
3
1
High price range bedrooms
3.7
3
High price range bathrooms
2.1
2
High price range approxsqft
2,124 SF
0 SF

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source http://realestatevibe.com/markham-real-estate-market-update-June-2018/

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