Vaughan Real Estate Market Update – December 2024

The Vaughan real estate market in December 2024 followed expected seasonal patterns: fewer new listings, moderate buyer activity, and relatively flat pricing. As the year came to a close, both buyers and sellers shifted focus toward the holidays, resulting in one of the quietest—but most strategic—months of the year.

Despite the slowdown, serious buyers remained active, and savvy sellers began preparing early for what’s expected to be a busier spring market in 2025.

📊 December 2024 Market Snapshot

• Average Sale Price: $1,355,000

• Month-over-Month Change: ⬇️ 0.15%

• Total Sales: 172

• New Listings: 387

• Average Days on Market (DOM): 35

• Sale-to-List Price Ratio: ~96.3%

• Months of Inventory: ~3.2

📉 December saw the lowest number of new listings and sales for the year—but pricing remained strong and steady.

💵 Prices Remain Steady Despite Fewer Sales

The average sale price in Vaughan dipped slightly by 0.15%, staying consistent with the past few months of minor fluctuations. This reflects a well-balanced market, not a distressed one. Homes that were priced right and presented well still sold—especially those that checked boxes for location, layout, and upgrades.

Trending Property Segments:

• Townhomes under $1.25M in Maple, Patterson, and East Woodbridge

• Condos under $825K near VMC and Vaughan Mills

• Detached homes between $1.5M–$1.9M with in-law suites or basement rentals

💡 Price-conscious buyers acted on listings that had been sitting since fall—often negotiating favorable terms.

🏘️ Inventory Hits Yearly Low, But Buyers Still Looking

With just 387 new listings in December, inventory reached its annual low. However, many motivated buyers remained in-market, aiming to purchase before 2025 mortgage rate decisions or personal deadlines (like school enrollment or lease ends).

• DOM increased slightly to 35 days

• Buyers had less competition and more negotiating room

• Sellers who listed in December often had less competition and more visibility

📌 This month rewarded both sides—sellers willing to list during the holidays and buyers with flexible timelines.

🏙️ Neighborhood Spotlights: East Woodbridge & Sonoma Heights

• East Woodbridge: Detached homes under $1.6M with upgrades and good school proximity sold steadily

• Sonoma Heights: Continued to attract families and upsizers seeking value in townhomes and semis

📍 Both areas remained resilient due to location, community amenities, and price accessibility.

🔮 What’s Coming in Early 2025

As we enter the new year:

• Expect a slow January followed by a pickup in February/March

• Many sellers are preparing now to launch in spring

• Interest rate decisions in Q1 could impact buyer confidence

• Buyer demand is expected to rise with renewed inventory and fresh pre-approvals

🎯 Buyers: Use this quiet window to get pre-approved and watch for off-market deals.
🎯 Sellers: Now is the time to prepare your home for an early 2025 listing.

💬 Final Thoughts

December 2024 closed out the year with a calm, stable Vaughan housing market. No surprises, no major shifts—just typical seasonal patterns. For those who acted this month, the market offered strategic opportunities and early positioning for success in the year ahead.

📞 Thinking of buying or selling in 2025?
Let’s chat and build a personalized plan that works with your timing and the market outlook.