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: Rural King."
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 decreased by 4 from 14 in 2013 to 18 in 2014. The Average Home Price went up by $125,988 during the same time period with the Dollar Volume down by $2,127,500. New Listings were up by 4 over 2013 and Active Listings were the same as the previous year. Average Days On the Market went up from 75 in 2013 to 102 in 2014, and Average Sold Price to Listing Price decreased to 93% from 95%.
Increase / Decrease
Rural King is another great neighbourhood for increasing the value of real estate holdings. Homes sales dropped slightly, new listings increased, active listings remained the same, and home values were up. Sales of detached homes remained at the top as indicated above with no other type of home or property sold. It is apparent that the housing market remains 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 despite the slight downward trend in sales in the 3rd quarter of 2014.