Real Estate Market Update with Leslie Benczik
Posted By: Rachel Kavanagh
September 8, 2021
Real Estate Market Update with Leslie Benczik – Leslie Benczik from RE/MAX All-Stars Benczik Team Realty provides an update based on the most recent market watch from the Toronto Regional Real Estate Board. Subscribe for monthly updates.
In recent trends, its seen that the Real estate market is in need for homes. Low supplies result in us in having an increase in home prices. The question right now, is what are the political parties going to do to increas e the supply of homes? The reduction of red tapes, and moving real estate through the process of municipal authority, development, and changes, will also help the real estate market. And hopefully, the savings get passed on to the end-users/buyers. We have a strong market. low supply of homes, driving the market. overall in the GTA, sales are down, but the lack of inventory is what’s making these prices go up.
Markham’s inventory compared to last year is down 23%, phenomenally, prices are up 16% in Markham. The condo market is also doing really well right now. The average prices are up in both 905 14.5% and in the 416 7.1%.
Stouffville’s market has a decrease in volume of sales by 28%, the prices however are up 30% in Stouffville from last year to this year. Stouffville is doing very, very well. Real estate is strong,
Real Estate Market Update with Leslie Benczik brought to you by the Leslie Benczik Team.
For more information on your home, visit our website and get a free home evaluation to ensure you get the best seller’s service! With experience around Markham, Stouffville, Unionville, and all of York Region, Benczik Team Realty works to serve you in the best way possible! Act now, and don’t miss out on this ever-growing market