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Summerhill Estates MLS Real Estate Listings summerhill estates real estate homes houses sales

 

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, Summerhill Estates."

 

Summerhill Estates 3rd Quarter 2013 3rd Quarter 2014 Increase/Decrease
Home Sales 54 48 -6
Average Home Price $472,162 $496,035 +$23,873
Dollar Volume $25,496,744 $23,809,688 -$1,687,056
New Listings 73 58 -15
Active Listings 17 17 0
Days On Market 13 18 +5
Average Sold Price to Listing Price 99% 99% 0

 

From this chart it is easy to see that Home Sales decreased by 6 from 54 in 2013 to 48 in 2014. The Average Home Price has gone up by $23,873 during the same time period with the Dollar Volume down by $1,687,056. New Listings are down by 15 and Active Listings are the same at 17. The Average Sold Price To Listing Price has remained constant at 99%, while the Average Days On the Market has increased by 5 for the same period, which is still quite good for home sellers.

 

Type Sold 2013 2014 Increase / Decrease
Detached 29 21 -8
Semi-Detached 3 2 -1
Attached Townhomes 18 20 +2
Condo Townhouses 4 4 0
Other 0 1 +1

 

Summerhill Estates is another great Newmarket neighbourhood for increasing the value of real estate holdings. Homes sales have dropped slightly as the inventory of homes has remained fairly constant. This level of inventory has helped keep the home values up as more people vie for less inventory of homes. Sales of detached homes and freehold townhouses remain at the top of the desired sales types. It is apparent that the housing market remains strong compared to other countries, and with an interest rate that remains relatively low, the Summerhill Estates, Newmarket real estate market should continue to prosper along with other markets in York Region.

 

Find Your Summerhill Estates Dream Home summerhill estates real estate homes houses sales

 

Summerhill Estates MLS Real Estate Listings summerhill estates real estate homes houses sales

 

 

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