Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.
$1,425,366
MoM +$30,653 +2.2% up $30,653, 2.2% versus November 2021 YoY +31.4% up 31.4% versus December 2020
Source: TRREB MarketWatch, December 2021
9 areas
York Region
December 2021
Headline indicators
All home types
Median price — The midpoint sale price. Less affected by a few very high or low sales than the average.
$1,343,000
MoM +$28,000 +2.1% up $28,000, 2.1% versus November 2021 YoY +35.0% up 35.0% versus December 2020
MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.
$1,354,700
MoM +$49,400 +3.8% up $49,400, 3.8% versus November 2021 YoY +36.2% up 36.2% versus December 2020
Sales — Firm transactions reported through the MLS® System during the month.
1,051
MoM −532 −33.6% down 532, 33.6% versus November 2021 YoY −23.1% down 23.1% versus December 2020
Dollar volume — Total value of all sales in the month.
$1.50B
MoM −$709,772,163 −32.1% down $709,772,163, 32.1% versus November 2021 YoY +1.1% up 1.1% versus December 2020
New listings — Properties newly listed during the month.
916
MoM −880 −49.0% down 880, 49.0% versus November 2021 YoY −14.0% down 14.0% versus December 2020
Active listings — Listings available at month end.
612
MoM −515 −45.7% down 515, 45.7% versus November 2021 YoY −62.4% down 62.4% versus December 2020
Avg. LDOM — Average days on market for the current listing. Not reported before 2020.
14
MoM +1 day +7.7% up 1 day, 7.7% versus November 2021 YoY −51.7% down 51.7% versus December 2020
Avg. PDOM — Average days on market across the property’s consecutive listings. Not reported before 2020.
19
MoM +1 day +5.6% up 1 day, 5.6% versus November 2021 YoY −54.8% down 54.8% versus December 2020
Avg. SP/LP — Average sale price as a share of list price. Above 100% means competing offers were common.
109%
MoM no change no change versus November 2021 YoY +9.0% up 9.0% versus December 2020
SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.
114.7%
MoM +26.6 pp +30.2% up 26.6 pp, 30.2% versus November 2021 YoY −10.5% down 10.5% versus December 2020
Months of inventory — Active listings divided by monthly sales — how long the current stock would take to sell. Computed here, not TRREB’s trend figure.
0.6
MoM −0 −18.2% down 0, 18.2% versus November 2021 YoY −51.1% down 51.1% versus December 2020
Trend
13 months to December 2021
Average price
| Month | Average price |
|---|---|
| Dec '20 | 1084945 |
| Jan '21 | 1168623 |
| Feb '21 | 1206235 |
| Mar '21 | 1265481 |
| Apr '21 | 1283286 |
| May '21 | 1294579 |
| Jun '21 | 1241833 |
| Jul '21 | 1271831 |
| Aug '21 | 1290651 |
| Sep '21 | 1359010 |
| Oct '21 | 1376939 |
| Nov '21 | 1394713 |
| Dec '21 | 1425366 |
Sales
| Month | Sales |
|---|---|
| Dec '20 | 1366 |
| Jan '21 | 1288 |
| Feb '21 | 2023 |
| Mar '21 | 2911 |
| Apr '21 | 2454 |
| May '21 | 2192 |
| Jun '21 | 2015 |
| Jul '21 | 1767 |
| Aug '21 | 1620 |
| Sep '21 | 1695 |
| Oct '21 | 1834 |
| Nov '21 | 1583 |
| Dec '21 | 1051 |
By home type
| Home type | Sales | MoM | Average | MoM | Median | SNLR | MOI |
|---|---|---|---|---|---|---|---|
| All home types | 1,051 | −532 −33.6% down 532, 33.6% versus November 2021 | $1,425,366 | +$30,653 +2.2% up $30,653, 2.2% versus November 2021 | $1,343,000 | 114.7% | 0.6 |
| Detached | 557 | −306 −35.5% down 306, 35.5% versus November 2021 | $1,816,614 | +$52,538 +3.0% up $52,538, 3.0% versus November 2021 | $1,698,000 | 107.3% | 0.8 |
| Semi-detached | 67 | −41 −38.0% down 41, 38.0% versus November 2021 | $1,248,195 | +$20,080 +1.6% up $20,080, 1.6% versus November 2021 | $1,230,000 | 111.7% | 0.1 |
| Att/row/townhouse | 144 | −41 −22.2% down 41, 22.2% versus November 2021 | $1,282,933 | +$76,063 +6.3% up $76,063, 6.3% versus November 2021 | $1,270,000 | 115.2% | 0.2 |
| Condo townhouse | 55 | −27 −32.9% down 27, 32.9% versus November 2021 | $926,016 | +$27,167 +3.0% up $27,167, 3.0% versus November 2021 | $890,000 | 152.8% | 0.2 |
| Condo apartment | 219 | −101 −31.6% down 101, 31.6% versus November 2021 | $703,323 | +$7,492 +1.1% up $7,492, 1.1% versus November 2021 | $688,000 | 129.6% | 0.5 |
| Link | 9 | −14 −60.9% down 14, 60.9% versus November 2021 | $1,430,576 | +$82,755 +6.1% up $82,755, 6.1% versus November 2021 | $1,390,000 | 128.6% | 0.1 |
| Co-op apartment | 0 | no change no change versus November 2021 | $0 | no change no change versus November 2021 | — | — | — |
| Detached condo | 0 | −2 −100.0% down 2, 100.0% versus November 2021 | $0 | −$1,077,500 −100.0% down $1,077,500, 100.0% versus November 2021 | — | — | — |
| Co-ownership apartment | 0 | no change no change versus November 2021 | $0 | no change no change versus November 2021 | — | — | — |
MLS® Home Price Index
| Category | Index | Benchmark | YoY |
|---|---|---|---|
| Composite | 397.6 | $1,354,700 | +36.2% up 36.2% |
| Single-family detached | 407.9 | $1,577,000 | +36.2% up 36.2% |
| Single-family attached | 410.9 | $1,187,600 | +39.1% up 39.1% |
| Townhouse | 356.2 | $921,800 | +33.9% up 33.9% |
| Apartment | 338.4 | $734,700 | +31.5% up 31.5% |
Movers within York Region
Minimum 10 sales to qualify
Average price, month-over-month
Top 5
- King +14.6% up 14.6%
- East Gwillimbury +13.3% up 13.3%
- Whitchurch-Stouffville +13.2% up 13.2%
- Newmarket +6.5% up 6.5%
- Markham +2.8% up 2.8%
Bottom 5
- Georgina −8.5% down 8.5%
- Vaughan −1.1% down 1.1%
- Aurora −0.8% down 0.8%
- Richmond Hill +2.0% up 2.0%
- Markham +2.8% up 2.8%
Sales, month-over-month
Top 5
- Georgina −17.7% down 17.7%
- Aurora −20.9% down 20.9%
- Vaughan −27.7% down 27.7%
- Richmond Hill −34.0% down 34.0%
- Markham −35.1% down 35.1%
Bottom 5
- Newmarket −55.2% down 55.2%
- King −40.0% down 40.0%
- East Gwillimbury −39.0% down 39.0%
- Whitchurch-Stouffville −36.8% down 36.8%
- Markham −35.1% down 35.1%
York Region
King focus
King, York Region
$2,419,562
+$308,202 +14.6% up $308,202, 14.6% versus November 2021
- Sales
- 21
- SP/LP
- 97%
- DOM
- 19
- SNLR
- 131.3%
Whitchurch-Stouffville focus
Whitchurch-Stouffville, York Region
$1,653,758
+$192,291 +13.2% up $192,291, 13.2% versus November 2021
- Sales
- 43
- SP/LP
- 103%
- DOM
- 19
- SNLR
- 119.4%
East Gwillimbury focus
East Gwillimbury, York Region
$1,538,914
+$180,458 +13.3% up $180,458, 13.3% versus November 2021
- Sales
- 36
- SP/LP
- 110%
- DOM
- 9
- SNLR
- 100.0%
Richmond Hill focus
Richmond Hill, York Region
$1,501,917
+$29,908 +2.0% up $29,908, 2.0% versus November 2021
- Sales
- 214
- SP/LP
- 107%
- DOM
- 18
- SNLR
- 116.9%
Aurora focus
Aurora, York Region
$1,426,159
−$10,952 −0.8% down $10,952, 0.8% versus November 2021
- Sales
- 68
- SP/LP
- 110%
- DOM
- 12
- SNLR
- 144.7%
Markham focus
Markham, York Region
$1,424,721
+$38,148 +2.8% up $38,148, 2.8% versus November 2021
- Sales
- 268
- SP/LP
- 113%
- DOM
- 12
- SNLR
- 115.5%
Vaughan focus
Vaughan, York Region
$1,379,820
−$15,511 −1.1% down $15,511, 1.1% versus November 2021
- Sales
- 272
- SP/LP
- 107%
- DOM
- 15
- SNLR
- 110.1%
Newmarket focus
Newmarket, York Region
$1,293,331
+$78,852 +6.5% up $78,852, 6.5% versus November 2021
- Sales
- 64
- SP/LP
- 114%
- DOM
- 15
- SNLR
- 112.3%
Georgina focus
Georgina, York Region
$960,575
−$88,956 −8.5% down $88,956, 8.5% versus November 2021
- Sales
- 65
- SP/LP
- 112%
- DOM
- 12
- SNLR
- 104.8%
All York Region areas
9 areas
| Area | Sales | MoM | $ volume | Average | MoM | Median | New | Active | SP/LP | LDOM | PDOM | SNLR | MOI |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| King focus King, York Region | 21 | −14 −40.0% down 14, 40.0% versus November 2021 | $50.8M | $2,419,562 | +$308,202 +14.6% up $308,202, 14.6% versus November 2021 | $2,350,000 | 16 | 40 | 97% | 19 | 21 | 131.3% | 1.9 |
| Whitchurch-Stouffville focus Whitchurch-Stouffville, York Region | 43 | −25 −36.8% down 25, 36.8% versus November 2021 | $71.1M | $1,653,758 | +$192,291 +13.2% up $192,291, 13.2% versus November 2021 | $1,370,000 | 36 | 33 | 103% | 19 | 28 | 119.4% | 0.8 |
| East Gwillimbury focus East Gwillimbury, York Region | 36 | −23 −39.0% down 23, 39.0% versus November 2021 | $55.4M | $1,538,914 | +$180,458 +13.3% up $180,458, 13.3% versus November 2021 | $1,474,950 | 36 | 29 | 110% | 9 | 9 | 100.0% | 0.8 |
| Richmond Hill focus Richmond Hill, York Region | 214 | −110 −34.0% down 110, 34.0% versus November 2021 | $321.4M | $1,501,917 | +$29,908 +2.0% up $29,908, 2.0% versus November 2021 | $1,410,994 | 183 | 136 | 107% | 18 | 22 | 116.9% | 0.6 |
| Aurora focus Aurora, York Region | 68 | −18 −20.9% down 18, 20.9% versus November 2021 | $97.0M | $1,426,159 | −$10,952 −0.8% down $10,952, 0.8% versus November 2021 | $1,330,000 | 47 | 19 | 110% | 12 | 17 | 144.7% | 0.3 |
| Markham focus Markham, York Region | 268 | −145 −35.1% down 145, 35.1% versus November 2021 | $381.8M | $1,424,721 | +$38,148 +2.8% up $38,148, 2.8% versus November 2021 | $1,396,500 | 232 | 125 | 113% | 12 | 15 | 115.5% | 0.5 |
| Vaughan focus Vaughan, York Region | 272 | −104 −27.7% down 104, 27.7% versus November 2021 | $375.3M | $1,379,820 | −$15,511 −1.1% down $15,511, 1.1% versus November 2021 | $1,322,500 | 247 | 170 | 107% | 15 | 21 | 110.1% | 0.6 |
| Newmarket focus Newmarket, York Region | 64 | −79 −55.2% down 79, 55.2% versus November 2021 | $82.8M | $1,293,331 | +$78,852 +6.5% up $78,852, 6.5% versus November 2021 | $1,287,500 | 57 | 18 | 114% | 15 | 16 | 112.3% | 0.3 |
| Georgina focus Georgina, York Region | 65 | −14 −17.7% down 14, 17.7% versus November 2021 | $62.4M | $960,575 | −$88,956 −8.5% down $88,956, 8.5% versus November 2021 | $900,000 | 62 | 42 | 112% | 12 | 18 | 104.8% | 0.7 |