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, Bayview Southeast."
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 decreased by 4 from 5 in 2013 to 1 in 2014. The Average Home Price and the Dollar Volume along with Average Days On The Market and Average Sold Price to Listing Price cannot be determined for 2014 because of privacy laws. New Listings and Active Listings are each down by 2.
Increase / Decrease
Bayview Southeast is another great Aurora neighbourhood for increasing the value of real estate holdings. Homes sales decreased as the active listings decreased. This lower level of inventory has probably helped keep the home values up as more people vie for a smaller level of home inventory. Sales of detached homes remain at the top but condo townhouses will gain more respect over time. It is apparent that the housing market remains strong compared to other countries, and with an interest rate that remains relatively low, the Bayview Southeast, Aurora real estate market should continue to prosper along with other markets in York Region.