Richmond Hill Housing Report 

• Pre-Construction report : 

1. Detached <=40 ft lot : Total detached home sales year to date was 82 unit with average size of 2,610 sq ft and average price of $833,000.00. There are still 75 unit remaining in the builders inventory list.
2. Detached >=40 ft lot : Total detached home sales year to date was 71 unit with the average size of 3,572 sq ft and average price of $1,141,000.00. There are still 69 unit left in the builders inventory list. 
3. Townhouse : Total year to date sales was 314 unit with 280 unit remaining. Average size of 1,992 sq ft and average price of $594,000.00

• Re-Sale report : 

• Detached : 

a.  2 Story : 176 Unit sold in total for the month of October. Out of 176 unit there were 138         unit 2 Story homes sold. Report month of October  : 

Field	Count	Mean	Median	Mode	Low	High
		(Average)
List Price	138	$956,504	$799,900	$699,900	$469,000	$4,799,000
Original Price	138	$962,881	$799,000	$799,000	$469,000	$4,799,000
Sold Price	138	$930,412	$803,900	$645,000	$497,600	$4,100,000
%Difference	138	98	98	98	85	123
Taxes	134	$5,632	$4,999	$5,300	$2,912.20	$24,000
Bedrooms	138	4	4	4	3	6
Washrooms	138	4	4	4	2	8
Days on Market	135	28	20	6	1	176

b. Others : There were total 38 sales in the month of October which includes : Bungalows, Back & Front splits. Below is the chart. 

Field	Count	Mean	Median	Mode	Low	High
		(Average)
List Price	38	$856,326	$708,950	$599,900	$369,000	$2,488,000
Original Price	38	$866,015	$708,950	$599,900	$369,000	$2,488,000
Sold Price	38	$819,918	$681,450	$572,000	$390,000	$2,250,000
%Difference	38	97	97	94	90	108
Taxes	37	$4,561	$4,094	n/a	$2,426.09	$8,903.77
Bedrooms	38	3	3	3	1	5
Washrooms	38	3	2	2	1	5
Days on Market	38	28	20	5	1	138

• Attached : There were in total 36 sales for the month of October 2013. This is all townhouses.

Field	Count	Mean	Median	Mode	Low	High
		(Average)
List Price	36	$553,822	$547,450	$599,000	$429,900	$698,000
Original Price	36	$556,431	$566,500	$599,000	$429,900	$698,000
Sold Price	36	$545,544	$545,400	$516,000	$425,000	$707,000
%Difference	36	99	98	99	90	108
Taxes	34	$3,379	$3,399	n/a	$1,200	$4,296.64
Bedrooms	36	3	3	3	3	4
Washrooms	36	3	3	3	2	4
Days on Market	36	19	14	9	2	61

How to benefit from  these reports : 

For the buyer : 

• When considering buying a house, always ask your Realtor to check and see how many days the house has been in the market. If it is more than the average days based on the specific neighborhood and the housing type you are considering then you have more leverage to play with the Seller.

For the Seller :

• If your house has been in the market for more than the average number of days for other houses compare to yours in the immediate neighborhood and similar type homes, you need to re-adjust your prices. Sometimes is not the price only, it is the presentation and the cleanliness of the house

These information are provided for the consumers to be updated at all time of what is going on in the specific market, We can produce same reports for any market if you require. Please send me an email and I shall forward you the specific requested neighborhood.

Tip of the day : Make an informed decision based on the facts not talks.