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 Northeast."
4th Quarter 2013
4th 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 8 from 34 in 2013 to 26 in 2014. The Average Home Price has gone up by $67,459 during the same time period but with the Dollar Volume down by $3,154,150. New Listings are down 1 and Active Listings are, also, down by 1 from 2013. The Average Days On the Market has decreased to 18 in 2014 from 19 in 2013, while the Average Sold Price to Listing Price increased to 100% from 98% in 2013.
Increase / Decrease
Attached / Townhomes
Bayview Northeast is another great Aurora neighbourhood for increasing the value of real estate holdings. Home sales increased as the inventory of homes decreased slightly. This level of inventory has helped keep the home values up as more people vie for about the same level of home inventory. Sales of detached homes remained at the top with freehold townhouses a bit behind as shown by the table above. It is apparent that the housing market remains strong compared to other countries, and with an interest rate that remains relatively low, the Bayview Northeast, Aurora real estate market should continue to prosper along with other markets in York Region.