RichvaleHousing market

Richvale

Richvale Housing Market Report

Strong Buyer's Market

All types - for the month of February

Buyer's market Seller's market

8

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 +3 months indicates a buyers's market, where homes are selling slowly and there are more homes than available buyers.

70

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*

134 active

New

70(+42.86% YoY)

Relisted

2(+100.00% YoY)

Compared to number of active, same period, in 2024: 73, in 2023: 39, in 2022: 39

Total Sold Listings*

16 sold

Median Sold Price

$868,000

Avg Days on Market

70 days

Median Bidding

-$47,000

Compared to number of sold, same period, in 2024: 26, in 2023: 22, in 2022: 35

*Data is for the month of February

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

Sold vs Active vs New vs Relisted - Richvale - All types

Sold Price Distribution - Richvale - All types

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

Property Type Distribution - Richvale - All types

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

Median Price - Richvale - All types

Just listed - Richvale

A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, street for 121 May Ave, Richmond Hill Ontario L4C 3S7

1 day on market

Up to11K Cashback

121 May Ave, Richmond Hill

Detached3+21700-1100 sq ft

Listed by HOMELIFE/MIRACLE REALTY LTD

Home with brick exterior material, street for 17 Petrolia Crt, Richmond Hill Ontario L4C 0C2

1 day on market

Up to39K Cashback

17 Petrolia Crt, Richmond Hill

Detached5+275000 + sq ft

Listed by RE/MAX REALTRON LUCKY PENNY HOMES REALTY

Home with brick exterior material, street for 160 Cambridge Crt, Richmond Hill Ontario L4C 6E7

1 day on market

Up to20K Cashback

160 Cambridge Crt, Richmond Hill

Detached4+162500-3000 sq ft

Listed by REAL ONE REALTY INC.

Just sold - Richvale

Unknown for 8868 Yonge St St #509E, Richmond Hill Ontario L4C 1Z8

Sold 4 days ago

Sold for $535,000

$36K above asking

8868 Yonge St St #509E, Richmond Hill

Condo1+11500-599 sq ft

Listed by HOMELIFE/FUTURE REALTY INC.

Home with brick exterior material, street for 223 Weldrick Rd, Richmond Hill Ontario L4C 5J2

Sold 5 days ago

Sold for $1,186,000

$187K above asking

223 Weldrick Rd, Richmond Hill

Detached3+13- sq ft

Listed by DREAM HOME REALTY INC.

Unknown for 9088 Yonge St #205, Richmond Hill Ontario L4C 0Y6

Sold 6 days ago

Sold for $845,000

$146K above asking

9088 Yonge St #205, Richmond Hill

Condo2+131200-1399 sq ft

Listed by IPRO REALTY LTD.

Population and Demographics

Overview

Total population 24003

Average household income $138,854

Age (%)

65 and plus

23%

50 to 64

23%

35 to 49

19%

0 to 19

18%

20 to 34

17%

Household composition (%)

Single family

71%

Single person

25%

Multi person

3%

Multi family

1%

Mother tongue (%)

English

42%

Iranian Persian

16%

Russian

9%

Mandarin

8%

Italian

6%

Yue (Cantonese)

5%

Korean

3%

Persian (Farsi)

2%

Others

2%

House tenancy (%)

Owners

79%

Renters

21%

Top 4 Schools in Richvale

St Charles Garnier Catholic Elementary School16 Castlerock Dr, L4C 5H5, Richmond Hill, ON

8.9/10

Public•JK-8

St Anne Catholic Elementary School105 Don Head Village Blvd, L4C 7N1, Richmond Hill, ON

8.5/10

Public•JK-8

Charles Howitt Public School30 Pearson Ave, L4C 6T7, Richmond Hill, ON

8.3/10

Public•JK-8

Alexander MacKenzie High School300 Major MacKenzie Dr W, L4C 3S3, Richmond Hill, ON

7.8/10

Public•9-12

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 30-minute walk

Nightlife

1/5

Few or no bars within walking distance

Shopping

3/5

Variety of shops within walking distance

Restaurants

2/5

Some restaurants within walking distance