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: King" for King City.
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 were up by 18 in 2014. The Average Home Price has gone up by $19,127 during the same time period with the Dollar Volume up $20,070,021. New Listings were down by 1, and Active Listings were up by 4. The Average Days On the Market decreased from 66 in 2013 to 46 in 2014 which was good for home sellers, while the Average Sold Price to Listing Price increased from 93% in 2013 to 96% in 2014.
Increase / Decrease
Attached / Townshomes
King City is another great King neighbourhood for increasing the value of real estate holdings. Homes sales almost doubled, New Listings were only down by 1 while Active Listings were up by 4 in 2014, with most of the sales coming from detached homes. The almost level amount of inventory helped keep the home values up, and helped to allow the housing market to remain strong compared to other countries. And with an interest rate that remains relatively low, the King City, King real estate market should continue to prosper along with other markets in York Region.