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: Markham" for Thornhill.
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 slightly by 5 from 25 in 2013 to 20 in 2014. And the Average Home Price has gone up by $107,883 during the same time period with the Dollar Volume down $471,800. New Listings were down by 1, and Active Listings were up by 4. The Average Days On the Market has come down to 24 from 45, while the Average Sold Price to Listing Price has decreased from 97% in 2013 to a still good 96% in 2014.
Increase / Decrease
Attached / Townshomes
Thornhill is another great Markham neighbourhood for increasing the value of real estate holdings. Homes sales are down slightly along with New Listings. The greatest number of sales comes from condominium apartments followed by detached homes. At the same time the fairly constant inventory helps keep the home values up. The housing market does continue to remain strong compared to other countries, and with an interest rate that remains relatively low, the Thornhill, Markham real estate market should continue to prosper along with other markets in York Region.