Vaughan Market Update 2011 in Review & 2012 Forecast

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Vaughan real estate agent David Ursino video blogs about how the Vaughan real estate market did in 2011 & looks forward to how it will do in 2012.

• 2nd best year in terms of number of transactions in the GTA

• Redistricting of the mapping system used by the Toronto Real Estate Board

• Vaughan saw an increase in the average price of a home to $567,258 – this is an 11.6% increase from 2010*

• 2011 has been an active seller’s market throughout the year with a low inventory due to the increase in demand brought about by low interest rates

• 2011 saw an increase of views to David’s YouTube channel to over 29,000 views.  David’s Facebook page has over 2000 followers and his Twitter followers increased to 3695.

• 2012 should see more of the same with a low inventory as demand from buyers continues to be strong given the low interest rates.

*Source TREB Market Watch Dec 2011