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: Newmarket, Armitage."
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 14 in 2013 to 15 in 2014. The Average Home Price has gone up by $22,567 during the same time period with the Dollar Volume up by $802,700. New Listings and Active Listings are up 7 and 4 respectively. But the Average Days On the Market has dropped to 13, while the Average Sold Price to Listing Price has increased from 98% in 2013 to an amazing 100% in 2014.
Increase / Decrease
Attached / Townshomes
Armitage is another great Newmarket neighbourhood for increasing the value of real estate holdings. Homes sales continue to increase as the inventory of homes has increased slightly. This constant 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 and semi-detached homes remain at the top with condo townhomes close behind. It is apparent that the housing market remains strong compared to other countries, and with an interest rate that remains relatively low, the Armitage Newmarket real estate market should continue to prosper along with other markets in York Region.
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purchase, sale and lease of real estate as part of a cooperative selling system. Canadian Real Estate Association Last Updated: 11/14/2019 11:26:00 PM