The Vaughan real estate market in November 2024 remained stable and balanced, with flat pricing, moderate buyer activity, and a noticeable drop in new listings—a typical pattern as the year winds down. While the market wasn’t as active as September or October, serious buyers and motivated sellers were still transacting, especially before the holiday slowdown.
This month marked the transition from a busy fall to a quieter winter market—making it a great time for buyers to negotiate and for sellers to prep for the new year.
📊 November 2024 Market Snapshot
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Average Sale Price: $1,357,000
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Month-over-Month Change: ⬇️ 0.07%
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Total Sales: 187
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New Listings: 491
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Average Days on Market (DOM): 32
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Sale-to-List Price Ratio: ~96.5%
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Months of Inventory: ~3.1
📉 Price stability continues, but fewer transactions and listings signal a seasonal shift.
💵 Home Prices Stay Flat, Market Remains Balanced
The average sale price dipped by just 0.07%—virtually unchanged from October. This confirms that Vaughan’s market is resilient, even in slower months. Well-priced, well-presented homes still sold efficiently, though buyers were more cautious and often negotiated harder.
Active Segments:
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Townhomes under $1.3M in Vellore Village & Patterson
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Condos under $850K near VMC and Rutherford GO
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Detached homes between $1.4M–$1.8M with legal basement units or rental potential
💡 Turnkey homes in desirable school zones or transit-accessible areas remained in demand.
🏘️ Listings Drop, But Serious Buyers Still Shopping
New listings dropped to 491, reflecting the typical seasonal slowdown. While showings tapered off, buyers who remained in-market were qualified, focused, and often looking to close quickly—before year-end rate changes or holidays.
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DOM increased slightly to 32 days
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Conditional offers and longer negotiation windows became more common
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Open house traffic slowed, but showings were more intentional
📌 It’s a good time for buyers to secure better terms, especially on listings that have been sitting since October.
🏙️ Neighbourhood Spotlights: Maple & Vellore Village
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Maple: Attracted younger buyers and families targeting schools, GO access, and newer townhomes under $1.25M
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Vellore Village: Remained active for semi-detached and entry-level detached homes, especially those with updated finishes and income potential
📍 Both neighbourhoods offer long-term value and strong lifestyle amenities, keeping buyer interest even in quieter months.
🔮 Looking Ahead to December & Early 2025
As the year winds down:
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Expect further drops in listings as sellers wait for spring
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Buyers with mortgage holds or urgent timelines will continue to transact
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Sellers can take this time to prep, renovate, or stage for a January/February launch
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First-time buyers and investors should watch for price reductions on older listings
🎯 Buyers: Act now while there's less competition and room to negotiate.
🎯 Sellers: Use December to prep your property and come to market strong in Q1 2025.
💬 Final Thoughts
November 2024 showed us that Vaughan’s real estate market remains solid and balanced, even as activity slows with the season. Prices held firm, and buyers continued to make smart, strategic purchases. As we move into the winter, this is the perfect moment to plan your next move—whether buying, selling, or investing.
📞 Want to start 2025 with a smart real estate move?
Let’s connect and map out a custom strategy for your goals.
