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: Richmond Hill, Devonsleigh."
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 by 8 from 28 in 2013 to 20 in 2014. The Average Home Price went up by $57,366 during the same time period with the Dollar Volume down by $4,018,396. New Listings were down by 5 over 2013 and Active Listings were up by 4. Average Days On the Market dropped from 30 in 2013 to 28 in 2014, and Average Sold Price to Listing Price increased to 100% from 97%.
Increase / Decrease
Devonsleigh is another great Richmond Hill neighbourhood for increasing the value of real estate holdings. Homes sales increased, new listings decreased slightly while active listings increased slightly. Home values were up as people vied for about the same level of homes. Sales of detached homes remained at the top as shown above in 2014. It is apparent that the housing market remains strong compared to other countries, and with an interest rate that remains relatively low, the Devonsleigh, Richmond Hill 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