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: Aurora."
3rd Quarter 2013
3rd 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 6 from 17 in 2013 to 11 in 2014. The Average Home Price has gone up by $394,065 during the same time period with the Dollar Volume down by $1,237,250. New Listings are down by 17, and Active Listings are down by 7. The Average Days On the Market has decreased by 10 from 54 days in 2013 to 35 days in 2014, while the Average Sold Price to Listing Price has decreased from 100% in 2013 to 94% in 2014, which is still allright for home sellers.
Increase / Decrease
Aurora Estates is another great Aurora neighbourhood for increasing the value of real estate holdings. Homes sales have dropped as the inventory of homes has dropped. This lower 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 condominium townhomes. It is apparent that the housing market remains strong compared to other countries, and with an interest rate that remains relatively low, the Aurora Estates, Aurora real estate market should continue to prosper along with other markets in York Region.