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, Woodland Hill."
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 17 from 59 in 2013 to 42 in 2014. The Average Home Price has gone up by $73,905 during the same time period with the Dollar Volume down by $5,426,288. New Listings are down by 20, and Active Listings are down by just 2. The Average Days On the Market has increased by 3 from 24 days in 2013 to 27 days in 2014, while the Average Sold Price to Listing Price has remained the same at 98%, which is still quite good for home sellers.
Increase / Decrease
Woodland Hill is another great Newmarket neighbourhood for increasing the value of real estate holdings. Homes sales have dropped, and the inventory of homes has dropped as well. This level of inventory has helped keep the home values up as more people vie for less inventory of homes. Sales of detached homes remain strong followed by freehold townhouses. It is apparent that the housing market remains strong compared to other countries, and with an interest rate that remains relatively low, the Woodland Hill, 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