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 Village."
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 increased by 10 from 24 in 2013 to 34 in 2014. The Average Home Price has gone up by $118,985 during the same time period with the Dollar Volume up by $1,864,500. New Listings are up by 14 over 2013 and Active Listings are down by 14. The Average Days On the Market has decreased to 27 from 39 a year earlier, while the Average Sold Price to Listing Price has increased to 98% from 97% in 2013.
Increase / Decrease
Aurora Village is another great Aurora neighbourhood for increasing the value of real estate holdings. Homes sales increased as the active listings has decreased. This level of inventory has helped keep the home values up as more people vie for a smaller level of home inventory. Sales of detached homes remain at the top but condo apartments came in stronger in 2014. It is apparent that the housing market remains strong compared to other countries, and with an interest rate that remains relatively low, the Aurora Village, Aurora real estate market should continue to prosper along with other markets in York Region.