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, Aurora Heights."
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 7 from 34 in 2013 to 27 in 2014. The Average Home Price has gone down by $5,942 during the same time period with the Dollar Volume down by $3,775,800. New Listings and Active Listings are up 2 and 13 respectively. But the Average Days On the Market has increased to 22 from 19 a year earlier, while the Average Sold Price to Listing Price has increased from 98% in 2013 to an amazing 99% in 2014.
Increase / Decrease
Aurora Heights is another great Aurora neighbourhood for increasing the value of real estate holdings even though the average home sale price has decreased slightly. Homes sales decreased as the inventory of homes has increased slightly. This fairly 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 remain at the top. It is apparent that the housing market remains strong compared to other countries, and with an interest rate that remains relatively low, the Aurora Heights, Aurora real estate market should continue to prosper along with other markets in York Region.