Markham Real Estate Market Overview:
- Average Home Prices: As of mid-2024, the average price for a detached home in Markham is around $1.6 million to $2 million, with townhomes ranging from $900,000 to $1.4 million, and condos starting around $600,000.
- Trends: Markham’s real estate market is highly competitive, driven by its reputation as a family-friendly city with excellent schools, parks, and amenities. The city is seeing consistent growth due to its proximity to Toronto, diverse housing options, and ongoing development in neighborhoods like Cornell and Greensborough. Homes in established neighborhoods such as Unionville and Angus Glen are especially sought after, with prices steadily appreciating.
Markham offers a range of neighborhoods to suit different lifestyles and budgets, from luxury living in Cachet and Angus Glen to family-friendly communities like Cornell and Wismer Commons. With its proximity to Toronto and strong community infrastructure, Markham remains one of the most desirable places to live in the GTA.
What Are Cash Back Realtors?
Cash Back Realtors are real estate professionals who offer a portion of their commission back to clients as a cash rebate. This innovative approach allows buyers and sellers to save money on real estate transactions while still receiving professional services. In Markham, where the real estate market is vibrant and diverse, working with a Cash Back Realtor can provide significant financial benefits.
Best Areas in Markham to Buy
1. Unionville
- Housing Types: Detached homes, townhomes, and condos.
- Price Range: Detached homes range from $1.6 million to over $3 million. Townhomes and semi-detached homes range from $1 million to $1.5 million.
- Highlights: Unionville is one of the most popular and charming neighborhoods in Markham, known for its historic Main Street with boutiques, cafes, and restaurants. The area has a strong sense of community, beautiful parks, and is home to top-rated schools. It’s ideal for families and professionals looking for a mix of heritage charm and modern amenities.
- Market Insights: Unionville’s real estate market is highly competitive due to its desirability and proximity to downtown Markham and Toronto. The area is known for its high appreciation rates, and homes often sell above asking prices.
2. Cornell
- Housing Types: Detached homes, semi-detached homes, townhomes, and condos.
- Price Range: Detached homes range from $1.4 million to $2.2 million. Townhomes and condos range from $850,000 to $1.3 million.
- Highlights: Cornell is a newer, master-planned community designed with family living in mind. It’s known for its spacious homes, parks, and proximity to schools and community centers. Cornell also offers easy access to highways and public transit, making it convenient for commuters.
- Market Insights: Cornell is one of Markham’s more affordable neighborhoods, especially for first-time homebuyers and young families. The neighborhood is growing quickly, and prices have been appreciating steadily as more amenities are added.
3. Cachet
- Housing Types: Luxury detached homes and some townhomes.
- Price Range: Detached homes range from $2 million to over $5 million. Townhomes start around $1 million.
- Highlights: Cachet is a prestigious neighborhood known for its large, luxury homes and spacious lots. The area is quiet, with easy access to Highway 404, making it a great option for professionals and families who want privacy and luxury living. Cachet is close to several parks, golf courses, and top-ranked schools.
- Market Insights: Cachet’s luxury market continues to thrive, with high demand for large, upscale homes. The neighborhood has a strong reputation for maintaining high property values, and homes often sell quickly, especially those with modern upgrades and large lots.
4. Wismer Commons
- Housing Types: Detached homes, semi-detached homes, and townhomes.
- Price Range: Detached homes range from $1.5 million to $2.5 million. Townhomes and semi-detached homes range from $900,000 to $1.4 million.
- Highlights: Wismer Commons is a family-friendly neighborhood known for its excellent schools, parks, and community facilities. The area is quiet and ideal for families looking for a safe, suburban environment. It offers a mix of older and newer homes, with easy access to shopping centers and public transportation.
- Market Insights: Wismer Commons is in high demand among families, particularly due to its proximity to top-rated schools. The neighborhood’s property values have been appreciating steadily, and homes here often sell quickly due to the area’s reputation and amenities.
5. Berczy Village
- Housing Types: Detached homes, semi-detached homes, and townhomes.
- Price Range: Detached homes range from $1.4 million to $2.5 million. Townhomes range from $850,000 to $1.3 million.
- Highlights: Berczy Village is a well-established, family-oriented neighborhood with a strong sense of community. It’s known for its parks, schools, and green spaces. Berczy Village is a popular choice for families due to its proximity to high-ranking schools and community services.
- Market Insights: The real estate market in Berczy Village is competitive, with family homes often selling quickly. The demand for properties in this area has driven prices up, and the neighborhood remains a solid investment for those looking for long-term property appreciation.
6. Markham Village
- Housing Types: Detached homes, townhomes, and some condos.
- Price Range: Detached homes range from $1.2 million to $2.5 million. Townhomes and semi-detached homes range from $800,000 to $1.3 million.
- Highlights: Markham Village combines a small-town feel with access to modern conveniences. The neighborhood features historic homes and newer developments, giving it a unique charm. It’s close to parks, schools, and Main Street Markham, where residents can enjoy shops, restaurants, and events.
- Market Insights: Markham Village’s real estate market is steady, with homes attracting buyers looking for a blend of historic charm and suburban living. The area has experienced price appreciation in recent years, making it an attractive option for families and professionals alike.
7. Angus Glen
- Housing Types: Detached homes, semi-detached homes, and luxury townhomes.
- Price Range: Detached homes range from $2 million to over $4 million. Townhomes and semi-detached homes range from $1 million to $1.5 million.
- Highlights: Angus Glen is known for its luxury homes, golf courses, and upscale lifestyle. It’s home to the Angus Glen Golf Club, which has hosted several major golf tournaments. The area is highly desirable for those seeking a luxurious suburban lifestyle with access to recreational facilities and top-tier schools.
- Market Insights: Angus Glen is one of Markham’s most prestigious neighborhoods, and the market here reflects that. Luxury buyers are drawn to the large homes, modern amenities, and proximity to golf courses. Property values have remained strong, with steady demand from affluent buyers.
8. Greensborough
- Housing Types: Detached homes, townhomes, and condos.
- Price Range: Detached homes range from $1.3 million to $2.2 million. Townhomes and condos range from $700,000 to $1.1 million.
- Highlights: Greensborough is a newer, family-oriented neighborhood with a focus on green living and sustainable development. The area features parks, walking trails, and ponds, making it ideal for nature lovers. It’s also close to schools, shopping, and public transit, offering convenience for families and professionals alike.
- Market Insights: Greensborough continues to grow in popularity, especially among young families and first-time buyers. The area’s modern homes and focus on green spaces make it an appealing choice, and property values have been rising steadily as the community develops.
9. Thornhill (Markham side)
Market Insights: Thornhill’s real estate market is competitive, with a strong demand for homes in this area due to its location and amenities. Prices have been appreciating consistently, and the area remains a strong market for both buyers and investors.
Housing Types: Detached homes, townhomes, semi-detached homes, and condos.
Price Range: Detached homes range from $1.5 million to over $4 million. Townhomes and semi-detached homes range from $900,000 to $1.5 million. Condos start at around $600,000.
Highlights: Thornhill is a well-established, mature neighborhood known for its cultural diversity, excellent schools, and access to shopping and dining options. The area is highly desirable for families and professionals alike, offering a range of housing options from older, stately homes to modern condos and townhomes.
How to Choose the Right Cash Back Realtor
When selecting a Cash Back Realtor, consider the following factors:
- Experience and Expertise: Look for realtors with a proven track record in the Markham market.
- Client Reviews: Check testimonials and reviews to gauge client satisfaction and service quality.
- Cash Back Offers: Compare the cash back rewards offered by different realtors to maximize your savings.
- Personalized Service: Choose a realtor who listens to your needs and offers tailored solutions.
Contact Us for More Information
For more information on Cash Back Realtors in Markham or to get personalized recommendations, feel free to contact us.