Richmond Hill Real Estate Update© June 2024

In June, the average home price in Richmond Hill fell by 5% year-on-year, with transaction volumes decreasing by 18%.

By category, detached home prices saw both year-on-year and month-on-month declines, with a 7% drop year-on-year. Semi-detached homes and condo prices both fell by 6% year-on-year, while townhouse prices increased by 2%.

Notably, semi-detached homes and townhouses experienced a roughly 5% month-on-month price increase.

In June, transaction volumes for all types of homes in Richmond Hill contracted.

Richmond Hill top1% realtor Daisy Huang shares【Richmond Hill real estate market update June 2024】

©Daisy Huang, GTA Top 1% Agent, Richmond Hill Professional Realtor

Richmond Hill Property Pulse© April 2024

In April, the average transaction price of existing homes in Richmond Hill increased by 5% year-on-year, while the transaction volume contracted by 10% compared to the same period last year.

The performance of detached houses in Richmond Hill was impressive in April, with an 11% year-on-year increase in average price and a remarkable 12% month-on-month increase, reaching 2.07 million dollars. At the same time, the transaction volume for detached houses decreased by 14% year-on-year.

Condo apartments in Richmond Hill saw a 2% year-on-year increase and a 6% month-on-month increase in average price, while the transaction volume dropped by 10% compared to the previous year.

The market performance for semi-detached houses and townhouses in Richmond Hill in April was relatively subdued.

Richmond Hill top1% realtor Daisy Huang shares【Richmond Hill real estate market update April 2024】

©Daisy Huang, GTA Top 1% Real Estate Agent, Richmond Hill Expert Realtor

Richmond Hill Property Pulse© March 2024

In March, the second-hand home market in Richmond Hill exhibited a subdued performance, with the average transaction price decreasing by 2% year-on-year and transaction volume experiencing a slight decrease of 1%.

Looking at different property types, the average price of detached houses in Richmond Hill decreased by 7% compared to the same period last year, while semi-detached houses saw an increase of 12%, townhouses increased by 2%, and condominiums decreased by 4% in average price year-on-year.

In terms of transaction volume, there was a 2% decrease in the transaction volume of detached houses year-on-year, while semi-detached houses saw a 33% increase, townhouses experienced a 20% increase, and Condos saw a 15% decrease in transaction volume compared to the previous year.

Richmond Hill top1% realtor Daisy Huang shares【Richmond Hill real estate market update March 2024】

©Daisy Huang, GTA Top 1% Realtor, Richmond Hill Expert Real Estate Agent

Richmond Hill Property Pulse© January 2024

In January, the average selling price of second-hand properties in Richmond Hill decreased by 8% year-on-year, while the transaction volume increased by 20%.

Looking at different home types, the average prices of detached houses and semi-detached houses in Richmond Hill decreased by 3% and 6% respectively compared to the same period last year, while townhouses saw an increase of 11% and Condos experienced a slight increase of 1%.

Regarding transaction volume, there were fluctuations among different property types. The transaction volume for detached houses decreased by 4% year-on-year, while townhouses remained stable. Meanwhile, the transaction volumes for semi-detached houses and Condos increased by 80% and 43% respectively compared to the previous year.

Richmond Hill top1% realtor Daisy Huang shares【Richmond Hill real estate market update January 2024】

©Daisy Huang, GTA Top 1% Brokerage Excellency, Richmond Hill Expert Realtor

Richmond Hill Property Pulse© November 2023

In November, the average transaction price for second-hand homes in Richmond Hill increased by 3% year-on-year, with the transaction volume remaining relatively stable.

Categorically, for Richmond Hill, the average prices for detached houses and townhouses showed slight year-on-year decreases of 1% and 2%, respectively. On the other hand, semi-detached houses and Condos saw year-on-year increases of 8% and 4%, respectively.

In terms of transaction volume, the transaction volume for townhouses in Richmond Hill decreased by 8% year-on-year, while the transaction volumes for other housing types showed increases year-on-year.

Richmond Hill top1% real estate agent Daisy Huang shares【Richmond Hill real estate market update November 2023】

©Daisy Huang, GTA Top 1% Real Estate Agent, Richmond Hill Expert Realtor

Richmond Hill Property Pulse© October 2023

In October, looking at the historical trend chart of second-hand homes in Richmond Hill, prices for various types of housing showed a decline compared to the previous month. However, the overall average price still increased by 3% year-on-year, with the transaction volume expanding by 13%.

Categorically, the average prices for detached houses, townhouses, and condos in Richmond Hill remained relatively stable compared to the same period last year. The average price for semi-detached houses, however, experienced an 11% year-on-year decrease.

In terms of transaction volume, except for a 14% year-on-year contraction in the transaction volume of semi-detached houses, other housing types saw a double-digit expansion in transaction volume. Notably, the transaction volume for detached houses increased by 28% year-on-year.

Richmond Hill top1% real estate agent Daisy Huang shares【Richmond Hill real estate market update October 2023】

©Daisy Huang, GTA Top 1% Realtor, Richmond Hill Expert Agent