Royal OrchardHousing market

Royal Orchard

Royal Orchard Housing Market Report

Balanced Market

All types - for the month of February

Buyer's market Seller's market

4

Days of inventory (DOI)*

DOI in real estate tells you how long it would take to sell all the current homes on the market at the current sales pace if no new homes were listed. Typically, a DOI of 0-3 months indicates a seller's market, where homes are selling quickly and there are more buyers than available homes.

22

Days on market (DOM)*

DOM refers to Average Days on Market, which represents how long on average listings remain on the market before selling. DOM excludes listings that are pulled from the market without selling. A low DOM means it sold quickly, while a high DOM could mean it's overpriced or less in demand.

Total Active Listings*

31 active

New

20(+53.85% YoY)

Relisted

1(- YoY)

Compared to number of active, same period, in 2024: 14, in 2023: 13, in 2022: 5

Total Sold Listings*

8 sold

Median Sold Price

$1,250,900

Avg Days on Market

22 days

Median Bidding

-$1,050

Compared to number of sold, same period, in 2024: 8, in 2023: 9, in 2022: 17

*Data is for the month of February

Median Sold Price vs Average Days and Average Total Days on Market - Royal Orchard - All types

Sold vs Active vs New vs Relisted - Royal Orchard - All types

Sold Price Distribution - Royal Orchard - All types

Sold price distribution per the last 3 months's sold listings.

Property Type Distribution - Royal Orchard - All types

Property type distribution based on data from the last 3 months.

Median Price - Royal Orchard - All types

Just listed - Royal Orchard

Home with brick exterior material, street for 61 Shady Lane Cres, Markham Ontario L3T 3W6

2 days on market

Up to12K Cashback

61 Shady Lane Cres, Markham

Detached43- sq ft

Listed by SUTTON GROUP-ADMIRAL REALTY INC.

Unknown for 50 Inverlochy Blvd #1211, Markham Ontario L3T 4T6

3 days on market

Up to7K Cashback

50 Inverlochy Blvd #1211, Markham

Condo121000-1199 sq ft

Listed by ROYAL LEPAGE YOUR COMMUNITY REALTY

Home with brick exterior material, street for 17 Cherry Blossom Lane, Markham Ontario L3T 3B8

4 days on market

Up to13K Cashback

17 Cherry Blossom Lane, Markham

Detached43- sq ft

Listed by BOSLEY REAL ESTATE LTD.

Just sold - Royal Orchard

Home with vinyl exterior material, unknown for 35 Forest Park Cres, Markham Ontario L3T 2M5

Sold for $2,120,000

$129K below asking

35 Forest Park Cres, Markham

Detached453000-3500 sq ft

Listed by CENTURY 21 HERITAGE GROUP LTD.

A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, unknown for 1 Royal Orchard Blvd #703, Markham Ontario L3T 3C2

Sold 3 days ago

Sold for $555,000

$34K below asking

1 Royal Orchard Blvd #703, Markham

Condo22900-999 sq ft

Listed by NORTH 2 SOUTH REALTY

Unknown for 248 Royal Orchard Blvd, Markham Ontario L3T 3E7

Sold 10 days ago

Sold for $870,000

$26K below asking

248 Royal Orchard Blvd, Markham

Condo321200-1399 sq ft

Listed by ROYAL LEPAGE YOUR COMMUNITY REALTY

Population and Demographics

Overview

Total population 6780

Average household income $142,601

Age (%)

65 and plus

27%

50 to 64

23%

0 to 19

18%

35 to 49

18%

20 to 34

14%

Household composition (%)

Single family

73%

Single person

24%

Multi person

3%

Multi family

1%

Mother tongue (%)

English

52%

Iranian Persian

16%

Mandarin

6%

Russian

6%

Yue (Cantonese)

6%

Korean

5%

Others

2%

Spanish

1%

Italian

1%

House tenancy (%)

Owners

78%

Renters

22%

Top 1 School in Royal Orchard

Baythorn Public School201 Baythorn Dr, L3T 3V2, Thornhill, ON

6.6/10

Public•JK-8

Transportation

Car Friendly

5/5

Excellent access to freeways and major arteries, with a vast amount of parking nearby

Pedestrian Friendly

3/5

Few day-to-day needs are within walking distance

Transit Friendly

3/5

Transit is available for some trips

Shopping, Food and Nightlife

Cafes

2/5

Some cafés within walking distance

Groceries

3/5

At least one grocery store within a 15-minute walk

Nightlife

1/5

Few or no bars within walking distance

Shopping

3/5

Variety of shops within walking distance

Restaurants

3/5

Some restaurants within walking distance