The pace of November resale home transactions remained brisk in the GTA and surrounding area. From my perspective, this certainly bodes well for a strong finish to 2011.

 The Toronto Real Estate Board published November market statistics by area last week and I have reviewed the key indicators and will interpret the November numbers for the Vaughan Real Estate Market. In a nutshell, the market is definitely favouring the sellers these days. Inventory remains tight and there are still quite a few buyers aggressively looking.

 Here are my observations for those that are interested, on the Vaughan Real Estate Market. These quick facts and figures on Vaughan Real Estate and Vaughan Homes For Sale for November 2011 were taken directly from the numbers that the Toronto Real Estate Board publishes each month.

The Vaughan Real Estate market for November had 283 transactions in the month which was actually up from the 267 transactions reported for October. The average price of these transactions was $549,336 versus $539,00 for October. The average days on market was 28 days which is well above the year to date average of 24 days. Year to date sales have totalled 3,391 transactions with the average selling price at $546,521. Again, these are all healthy numbers.

 If you break down the stats by house type, you will see that all segments remain strong. Detached sales accounted for 148 transactions for the month of November with the average selling price of these homes at $696,304 with the homes on the market for an average of 28 days.

Semi-detached homes represented only 22 transactions with an average selling price of $471,707. These homes were only on the market for an average of 12 days before selling. Super quick which tells me that inventory is very tight with escalating prices. Condominiums accounted for 67 transactions and the average days on the market at 31 days which is high relative to the other segments.

 That's pretty much it for Vaughan Real Estate and Vaughan Homes For Sale for November. Watch for my December Market Update in the first week of January.

 If you want to see these market update numbers for any month and for any area or region, please visit my website at www.AtYourServiceAlways.com and look at the left menu for the month you are looking for.

By the way, when you are dealing with any Realtor, make sure they know these facts as well. If not, find one that does. Have a great day.

 JOE ANDREOLI TEAM