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One of the most interesting and important indicators of attractiveness of different neighbourhoods  for investment and general family living is a comparison between the community now and how it was in the previous year for the same time period. The following figures come from the Toronto Real Estate Board "Community Housing Market Report York Region: Aurora."

 

Aurora Estates 3rd Quarter 2013 3rd Quarter 2014 Increase/Decrease
Home Sales 17 11 -6
Average Home Price $928,662 $1,322,727 +$394,065
Dollar Volume $15,787,250 $14,550,000 -$1,237,250
New Listings 43 26 -17
Active Listings 37 30 -7
Days On Market 45 35 -10
Average Sold Price to Listing Price 100% 94% -6

 

From this chart it is easy to see that Home Sales decreased by 6 from 17 in 2013 to 11 in 2014. The Average Home Price has gone up by $394,065 during the same time period with the Dollar Volume down by $1,237,250. New Listings are down by 17, and Active Listings are down by 7. The Average Days On the Market has decreased by 10 from 54 days in 2013 to 35 days in 2014, while the Average Sold Price to Listing Price has decreased from 100% in 2013 to 94% in 2014, which is still allright for home sellers.

 

Type Sold 2013 2014 Increase / Decrease
Detached 8 7 -1
Condominium Townhomes 9 4 -5

 

Aurora Estates is another great Aurora neighbourhood for increasing the value of real estate holdings. Homes sales have dropped as the inventory of homes has dropped. This lower level of inventory has helped keep the home values up as more people vie for less inventory of homes. Sales of detached homes remain strong followed by condominium townhomes. It is apparent that the housing market remains strong compared to other countries, and with an interest rate that remains relatively low, the Aurora Estates, Aurora real estate market should continue to prosper along with other markets in York Region.

 

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Aurora Estates MLS Real Estate Listings aurora estates real estate homes houses mls listings

 

 

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