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 Grove."
3rd Quarter 2013
3rd Quarter 2014
Average Home Price
Days On Market
Average Sold Price to Listing Price
From this chart it is easy to see that Home Sales increased by 8 from 14 in 2013 to 22 in 2014. The Average Home Price has gone up by $48,503 during the same time period with the Dollar Volume up by $4,885,368. New Listings and Active Listings are up 10 and 5 respectively. But the Average Days On the Market has dropped to 17 from 36 a year earlier, while the Average Sold Price to Listing Price has increased from 97% in 2013 to an amazing 99% in 2014.
Increase / Decrease
Attached / Townhomes
Aurora Grove is another great Aurora neighbourhood for increasing the value of real estate holdings. Homes sales continue to increase as the inventory of homes has increased slightly. This constant level of inventory has helped keep the home values up as more people vie for about the same level of home inventory. Sales of semi-detached homes and attached townhomes remain at the top. It is apparent that the housing market remains strong compared to other countries, and with an interest rate that remains relatively low, the Aurora Grove, Aurora real estate market should continue to prosper along with other markets in York Region.