Source: TRREB MarketWatch, February 2023

9 areas

York Region

February 2023

Headline indicators

All home types

Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.

$1,302,720

MoM +$17,137 +1.3% YoY −17.9%

Median price — The midpoint sale price. Less affected by a few very high or low sales than the average.

$1,215,000

MoM +$33,000 +2.8% YoY −17.1%

MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.

$1,323,200

MoM +$16,800 +1.3% YoY −14.2%

Sales — Firm transactions reported through the MLS® System during the month.

910

MoM +366 +67.3% YoY −45.2%

Dollar volume — Total value of all sales in the month.

$1.19B

MoM +$486,118,178 +69.5% YoY −55.0%

New listings — Properties newly listed during the month.

1,494

MoM +151 +11.2% YoY −47.8%

Active listings — Listings available at month end.

1,663

MoM +61 +3.8% YoY +4.9%

Avg. LDOM — Average days on market for the current listing. Not reported before 2020.

MoM −5 days −19.2% YoY +133.3%

Avg. PDOM — Average days on market across the property’s consecutive listings. Not reported before 2020.

MoM −6 days −16.2% YoY +158.3%

Avg. SP/LP — Average sale price as a share of list price. Above 100% means competing offers were common.

102%

MoM +2.0 pp +2.0% YoY −11.3%

SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.

60.9%

MoM +20.4 pp +50.4% YoY +4.9%

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.

1.8

MoM −1 −37.9% YoY +91.4%

Trend

13 months to February 2023

Average price

York Region average selling price over the 13 months ending February 2023.
Month	Average price
Feb '22	1587603
Mar '22	1515897
Apr '22	1426650
May '22	1369657
Jun '22	1307857
Jul '22	1274911
Aug '22	1265628
Sep '22	1246490
Oct '22	1258610
Nov '22	1309646
Dec '22	1267563
Jan '23	1285583
Feb '23	1302720

Sales

York Region sales over the 13 months ending February 2023.
Month	Sales
Feb '22	1661
Mar '22	1921
Apr '22	1230
May '22	1100
Jun '22	1011
Jul '22	820
Aug '22	1063
Sep '22	927
Oct '22	854
Nov '22	832
Dec '22	575
Jan '23	544
Feb '23	910

By home type

Home type	Sales	MoM	Average	MoM	Median	SNLR	MOI
All home types	910	+366 +67.3% up 366, 67.3% versus January 2023	$1,302,720	+$17,137 +1.3% up $17,137, 1.3% versus January 2023	$1,215,000	60.9%	1.8
Detached	467	+173 +58.8% up 173, 58.8% versus January 2023	$1,667,608	+$39,311 +2.4% up $39,311, 2.4% versus January 2023	$1,533,000	59.0%	2.0
Semi-detached	51	+14 +37.8% up 14, 37.8% versus January 2023	$1,086,698	+$1,047 +0.1% up $1,047, 0.1% versus January 2023	$1,084,000	64.6%	1.0
Att/row/townhouse	134	+66 +97.1% up 66, 97.1% versus January 2023	$1,183,480	+$83,525 +7.6% up $83,525, 7.6% versus January 2023	$1,150,000	68.0%	1.1
Condo townhouse	52	+24 +85.7% up 24, 85.7% versus January 2023	$883,123	+$26,844 +3.1% up $26,844, 3.1% versus January 2023	$817,000	49.1%	2.1
Condo apartment	193	+82 +73.9% up 82, 73.9% versus January 2023	$676,580	+$8,116 +1.2% up $8,116, 1.2% versus January 2023	$640,000	62.9%	2.0
Link	11	+6 +120.0% up 6, 120.0% versus January 2023	$1,276,282	+$26,906 +2.2% up $26,906, 2.2% versus January 2023	$1,300,000	78.6%	0.8
Co-op apartment	1	n/a not available, prior month not on file versus January 2023	$793,888	n/a not available, prior month not on file versus January 2023	$793,888	—	1.0
Detached condo	1	no change no change versus January 2023	$1,359,000	+$109,000 +8.7% up $109,000, 8.7% versus January 2023	$1,359,000	—	0.0

MLS® Home Price Index

Category	Index	Benchmark	YoY
Composite	360.1	$1,323,200	−14.2% down 14.2%
Single-family detached	365.6	$1,610,300	−15.1% down 15.1%
Single-family attached	383.6	$1,157,000	−13.2% down 13.2%
Townhouse	347.4	$888,000	−14.8% down 14.8%
Apartment	317.5	$668,600	−13.8% down 13.8%

Movers within York Region

Minimum 10 sales to qualify

Average price, month-over-month

Top 5

Georgina +21.5% up 21.5%
Richmond Hill +6.9% up 6.9%
King +5.5% up 5.5%
Vaughan +1.6% up 1.6%
Newmarket +0.4% up 0.4%

Bottom 5

Aurora −18.3% down 18.3%
East Gwillimbury −11.8% down 11.8%
Markham −1.9% down 1.9%
Whitchurch-Stouffville −0.6% down 0.6%
Newmarket +0.4% up 0.4%

Sales, month-over-month

Top 5

King +155.6% up 155.6%
East Gwillimbury +112.5% up 112.5%
Newmarket +92.3% up 92.3%
Vaughan +91.0% up 91.0%
Aurora +71.9% up 71.9%

Bottom 5

Markham +47.9% up 47.9%
Whitchurch-Stouffville +48.0% up 48.0%
Georgina +48.5% up 48.5%
Richmond Hill +50.5% up 50.5%
Aurora +71.9% up 71.9%

York Region

King focus

King, York Region

$2,145,925

+$110,925 +5.5% up $110,925, 5.5% versus January 2023

Sales: 23
SP/LP: 93%
DOM: 52
SNLR: 47.9%

Full history →

Richmond Hill focus

Richmond Hill, York Region

$1,388,996

+$89,248 +6.9% up $89,248, 6.9% versus January 2023

Sales: 167
SP/LP: 104%
DOM: 19
SNLR: 57.4%

Full history →

Vaughan focus

Vaughan, York Region

$1,350,161

+$21,415 +1.6% up $21,415, 1.6% versus January 2023

Sales: 254
SP/LP: 101%
DOM: 22
SNLR: 61.1%

Full history →

Whitchurch-Stouffville focus

Whitchurch-Stouffville, York Region

$1,337,813

−$8,067 −0.6% down $8,067, 0.6% versus January 2023

Sales: 37
SP/LP: 102%
DOM: 18
SNLR: 42.0%

Full history →

Markham focus

Markham, York Region

$1,241,350

−$24,587 −1.9% down $24,587, 1.9% versus January 2023

Sales: 216
SP/LP: 106%
DOM: 17
SNLR: 69.5%

Full history →

East Gwillimbury focus

East Gwillimbury, York Region

$1,230,814

−$165,061 −11.8% down $165,061, 11.8% versus January 2023

Sales: 34
SP/LP: 100%
DOM: 20
SNLR: 47.9%

Full history →

Aurora focus

Aurora, York Region

$1,223,499

−$274,767 −18.3% down $274,767, 18.3% versus January 2023

Sales: 55
SP/LP: 101%
DOM: 20
SNLR: 61.8%

Full history →

Newmarket focus

Newmarket, York Region

$1,174,836

+$5,134 +0.4% up $5,134, 0.4% versus January 2023

Sales: 75
SP/LP: 101%
DOM: 22
SNLR: 72.8%

Full history →

Georgina focus

Georgina, York Region

$945,561

+$167,485 +21.5% up $167,485, 21.5% versus January 2023

Sales: 49
SP/LP: 99%
DOM: 25
SNLR: 63.6%

Full history →

All York Region areas

Home type

9 areas

Area	Sales	MoM	$ volume	Average	MoM	Median	New	Active	SP/LP	LDOM	PDOM	SNLR	MOI
King focus King, York Region	23	+14 +155.6% up 14, 155.6% versus January 2023	$49.4M	$2,145,925	+$110,925 +5.5% up $110,925, 5.5% versus January 2023	$2,040,000	48	84	93%	52	79	47.9%	3.6
Richmond Hill focus Richmond Hill, York Region	167	+56 +50.5% up 56, 50.5% versus January 2023	$232.0M	$1,388,996	+$89,248 +6.9% up $89,248, 6.9% versus January 2023	$1,300,000	291	314	104%	19	33	57.4%	1.9
Vaughan focus Vaughan, York Region	254	+121 +91.0% up 121, 91.0% versus January 2023	$342.9M	$1,350,161	+$21,415 +1.6% up $21,415, 1.6% versus January 2023	$1,225,000	416	482	101%	22	33	61.1%	1.9
Whitchurch-Stouffville focus Whitchurch-Stouffville, York Region	37	+12 +48.0% up 12, 48.0% versus January 2023	$49.5M	$1,337,813	−$8,067 −0.6% down $8,067, 0.6% versus January 2023	$1,260,000	88	114	102%	18	24	42.0%	3.1
Markham focus Markham, York Region	216	+70 +47.9% up 70, 47.9% versus January 2023	$268.1M	$1,241,350	−$24,587 −1.9% down $24,587, 1.9% versus January 2023	$1,222,500	311	308	106%	17	25	69.5%	1.4
East Gwillimbury focus East Gwillimbury, York Region	34	+18 +112.5% up 18, 112.5% versus January 2023	$41.8M	$1,230,814	−$165,061 −11.8% down $165,061, 11.8% versus January 2023	$1,147,500	71	78	100%	20	32	47.9%	2.3
Aurora focus Aurora, York Region	55	+23 +71.9% up 23, 71.9% versus January 2023	$67.3M	$1,223,499	−$274,767 −18.3% down $274,767, 18.3% versus January 2023	$1,135,000	89	86	101%	20	26	61.8%	1.6
Newmarket focus Newmarket, York Region	75	+36 +92.3% up 36, 92.3% versus January 2023	$88.1M	$1,174,836	+$5,134 +0.4% up $5,134, 0.4% versus January 2023	$1,201,000	103	100	101%	22	30	72.8%	1.3
Georgina focus Georgina, York Region	49	+16 +48.5% up 16, 48.5% versus January 2023	$46.3M	$945,561	+$167,485 +21.5% up $167,485, 21.5% versus January 2023	$895,000	77	97	99%	25	33	63.6%	2.0