Vaughan Real Estate - Vaughan Homes For Sale - Market Update November 2010

Family, friends and clients keep asking for my professional opinion on Vaughan Real Estate so I thought I would provide my observations for those that are interested. Here are the facts and a quick market update on Vaughan Real Estate and Vaughan Homes For Sale for November.

I keep talking about a balanced market when it comes to Vaughan Real Estate and that is exactly what we are expereincing when it comes to Homes For Sale in Vaughan. For those that know me, I am all about facts. After all, you can't manage what you can't measure. The numbers I will be quoting are from TREB and I will be talking specifically about Vaughan Real Estate and Homes For Sale in Vaughan.

The Vaughan Real Estate market showed a 13% decrease in inventory for November compared to October 2010, however, there were 17% more homes for sale in Vaughan compared to the same month in 2009. The Vaughan Real Estate Market for November had 257 sales versus 288 in the month of October and compared to 271 last November. These numbers indicate that the Vaughan Real Estate Market has stabilized and remains quite healthy.

When we look at the average selling price in the Vaughan Real Estate Market for November, it was at $531,000 which is flat versus the prior month, however, it was up 4.2% versus last November. Again, the Vaughan Real Estate Market remains positive relative to averaage selling price versus the prior year.

Homes for Sale in Vaughan were on the market for an average of 32 days, which is up 6 days versus October and up by 10 days versus last November. These numbers indicate that the Vaughan Real Estate Market remains healthy and seems to be stabilizing. 

Finally, I want to mention that when it comes to Vaughan Real Estate, I like to prove the media wrong. AGAIN. According to the media, there's been nothing but doom and gloom this year. WRONG. If you look at the Vaughan Real Estate Market, there have been 2,272 sales year to date versus 2,319 year to date sales for the same time last year. There is actually more inventory versus last year. Last year there were 3,748 homes for sale in Vaughan compared to 4,257 homes for sale in Vaughan year to date. More selection this year when it comes to Vaughan Real Estate. Average selling price YTD this year is almost $517,000 versus an average selling price for a home in Vaughan last year of $465,000. The average home price YTD increased by 11%. The media reports doom and gloom. I report the facts for Vaughan Real Estate.

If you want to see these market update numbers for any month, please visit my website at www.AtYourServiceAlways.com and look at the left menu for the month you are looking for. You can check any district in the GTA.

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