JANUARY 24 ,2021- REAL ESTATE MARKET UPDATE-UPPER THORNHILL

By: Andrei Baiborodin

JANUARY 24 ,2021- REAL ESTATE MARKET UPDATE-UPPER THORNHILL

Tags: Real Estate Market Update January 2021

 

 

Canadians on the move: Not an exodus, but the re-location trend across Canadian housing market is real

RE/MAX Canada expects average residential prices to rise 4% to 6% in 2021

Based on the previos rolling month's sales, inventories are:
THORNHILL WOODS-1.00 MONTHS
UPPER THORNHILL- 2.42 MONTHS
VALLEYS OF THORNHILL-1.00 MONTHS
THORNBERRY WOODS-0.36 MONTHS

 

 INVENTORIES REMAIN VERY LOW!  3 AREAS WITH 1 MONTH OR LESS INVENTORY!
sELLERS REMAIN IN THE DRIVER'S SEAT!!!
TAKE ADVANTAGE OF THIS GREAT OPPORTUNITY!


35% of RE/MAX brokers indicate that “move-over” buyers from other          cities and provinces will continue to spark market activity in 2021
   
> 45% of RE/MAX brokers indicate that move-up buyers will likely       be a primary driver of the housing market demand in 2021

    
>Half of Canadians (53%) are confident that Canada’s housing            markets will remain steady in 2021


>52% of Canadians believe real estate will remain one of the best investment options in 2021

JANUARY 24, 2021

Weekly Real Estate Update

THORNHILL WOODS

·        There are currently 13 residential properties for sale on MLS in Thornhill Woods.
·        5 Sold firm over the last week.
·        Sale prices ranged from                   $ 1,080,000 to $ 1,710,000.

THORNBERRY WOODS

·        There are currently 4 residential properties for sale on MLS in Thornberry Woods.
·        3 Sold firm over the last week.
·        Sale prices ranged from                   $ 1,100,000 to $ 1,650,000.

VALLEYS OF THORNHILL

·        There are currently 14 residential properties for sale on MLS in the Valleys of Thornhill.
·        4 Sold firm over the last week.
·        Sale prices ranged from                   $ 999,000 to $ 1,152,000.

UPPER THORNHILL

·        There are currently 17 residential properties for sale on MLS in Upper Thornhill.
·        3 Sold firm over the last week.
·        Sale prices ranged from                   $ 1,225,000 to $ 1,725,000.

   Whil 2021 is on track to be a year of recovery, the reopening of the economy will be a key factor in what to expect in the real estate market in the next year.

if you or anyone you know would like to discuss the market or specific neighbourhood, please don't hesitate to contact me anytime.