The Richmond Hill real estate market ended 2024 with strong numbers and exciting opportunities for sellers, buyers, and investors. December stats reveal an average detached home price of $2,028,332, reflecting a 12.87% year-over-year increase.
Key Highlights for Sellers:
Detached homes are in high demand, selling within an average of 41 days.
A balanced market with motivated buyers means now is an excellent time to list.
Opportunities for Buyers and Investors:
Condo apartments averaged $640,889, a more affordable entry point.
Increased inventory in the GTA (48.5% YoY) provides more options to find your ideal property.
Whether you’re looking to sell, buy, or invest, having the right Realtor makes all the difference. Contact me, Sam Chaim, your Point Man in Real Estate, for expert advice and a customized plan tailored to your needs.
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