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: Pottageville, King."
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 1 from 7 in 2013 to 8 in 2014. The Average Home Price went down by $10,669 during the same time period with the Dollar Volume up by $652,500. New Listings were up by 1 over 2013 and Active Listings were the same as the previous year. Average Days On the Market went down from 52 in 2013 to 16 in 2014, and Average Sold Price to Listing Price increased to 100% from 96%.
Increase / Decrease
Pottageville King is still another great neighbourhood for increasing the value of real estate holdings. Homes sales increased slightly, new listings increased, active listings remained the same, and home values dropped slightly on average. Sales of detached homes remained at the top as indicated above with no other type of home or property sold. It is apparent that the housing market remains strong compared to other countries, and with an interest rate that remains relatively low, the Pottageville, King real estate market should continue to prosper along with other markets in York Region despite the slight upward trend in sales in the 3rd quarter of 2014.