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 Wellington."
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 18 from 46 in 2013 to 28 in 2014. The Average Home Price went up by $26,321 during the same time period with the Dollar Volume down by $7,515,301. New Listings were down by 1 over 2013 and Active Listings were up by 9. The Average Days On the Market decreased to 26 from 29 a year earlier, while the Average Sold Price to Listing Price remained the same at 99%.
Increase / Decrease
Bayview Wellington is another great Aurora neighbourhood for increasing the value of real estate holdings. Homes sales decreased as the active listings increased. Even with this higher level of inventory home values were up as more people vied for a smaller level of homes. Sales of freehold townhomes remained at the top with semi-detached houses in 2014. It is apparent that the housing market remains strong compared to other countries, and with an interest rate that remains relatively low, the Bayview Wellington, Aurora real estate market should continue to prosper along with other markets in York Region.