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: King" for Schomberg.
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 were 9, the same as in 2013. The Average Home Price has gone down by $62,556 during the same time period with the Dollar Volume down $563,001. New Listings were up by 7, and Active Listings were up by 15. The Average Days On the Market decreased from 69 in 2013 to 52 in 2014 which was better for home sellers, while the Average Sold Price to Listing Price increased from 97% in 2013 to 98% in 2014.
Increase / Decrease
Attached / Townshomes
Schomberg is another great King neighbourhood for increasing the value of real estate holdings. Homes sales were constant, New Listings were up by 7 while Active Listings were up by 15 in 2014, with most of the sales coming from detached homes. The slight increase in inventory may have contributed to the decrease in the home values, but the housing market remained strong compared to other countries. And with an interest rate that remains relatively low, the Schomberg, King real estate market should continue to prosper along with other markets in York Region.