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Gorham-College Manor MLS Real Estate Houses Listings gorham college manor real estate homes houses

 

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, Gorham-College Manor."

 

Gorham-College Manor 4th Quarter 2013 4th Quarter 2014 Increase/Decrease
Home Sales 30 33 +3
Average Home Price $443,092 $452,636 +$9,544
Dollar Volume $13,292,763 $14,937,000 +$1,644,237
New Listings 32 38 +6
Active Listings 7 8 +1
Days On Market 26 19 -7
Average Sold Price to Listing Price 98% 98% 0%

 

From this chart it is easy to see that Home Sales increased by 3 from 30 in 2013 to 33 in 2014. The Average Home Price has gone up by $9,544 during the same time period with the Dollar Volume up by $1,644,237. New Listings and Active Listings are up 6 and 1 respectively. And the Average Days On the Market has decreased to 19 from 26 in 2013, while the Average Sold Price to Listing Price remained the same at 98% in 2014.

 

Type Sold 2013 2014 Increase / Decrease
Detached 13 15 +2
Semi-Detached 1 0 -1
Attached / Townshomes 7 11 +4
Condo Townhouses 8 7 -1
Condo Apartment 1 0 -1

 

Gorham-College Manor is another great Newmarket neighbourhood for increasing the value of real estate holdings. Homes sales continue to increase as the inventory of homes has increased as well. But this relatively constant level of inventory has helped keep the home values up as more people vie for about the same level of home inventory. Sales of detached homes and freehold townhouses remain at the top with condo townhomes close behind. It is apparent that the housing market remains strong compared to other countries, and with an interest rate that remains relatively low, the Gorham-College Manor Newmarket real estate market should continue to prosper along with other markets in York Region.

 

Find Your Gorham College Manor Dream Home gorham college manor real estate homes houses

 

Gorham College Manor MLS Real Estate Homes Listings gorham college manor real estate homes houses

 

 

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