Markham Real Estate Market Update August 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 7.08 months supply of inventory on the market in Markham on August 31, 2018.
Now is the Time to Buy!
The average market time for a Single Family Homes to sell in Markham last month was 60 days.
The number of home sales in Markham from July 1, 2018 through July 31, 2018 was 16 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 $34/Sq.Ft, which is 11% a decline from last month.
In Markham there were 9 units sold in July in the price range between $18,500 – $37,627 with an average of 3.1 bedrooms and 1.1 bathrooms and average Square footage of 1,194SF.
In Markham there were 5 units sold in July in the price range between $37,628 – $130,876 with an average of 3.2 bedrooms and 1.4 bathrooms and average Square footage of 1,122SF.
In Markham there were 2 units sold in July in the price range between $130,877 – $205,000 with an average of 3 bedrooms and 1.6 bathrooms and average Square footage of 1,650SF.
The low price range had the most activity. Homes up to $37,627 were on the market on average 61 days and sold an average of $26,964.
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!
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