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 Rural King.
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 the down slightly in 2014. The Average Home Price has gone up by $709,110 during the same time period with the Dollar Volume up $9,803,650. New Listings were down by 4, and Active Listings were down by 9. The Average Days On the Market decreased from 71 in 2013 to 62 in 2014 which was much better for home sellers, while the Average Sold Price to Listing Price decreased from 96% in 2013 to 95% in 2014, a bit better than the year before for homesellers.
Increase / Decrease
Attached / Townshomes
Rural King is another great King neighbourhood for increasing the value of real estate holdings. Homes sales dropped slightly, New Listings and Active Listings were down as well in 2014, with all of the sales coming from detached homes. The decrease in the amount of inventory helped home values increase, and this helped the housing market to remain strong compared to other countries. And with an interest rate that remains relatively low, the Rural King real estate market should continue to prosper along with other markets in York Region.