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: King, Nobleton."
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 went up by $288,312 during the same time period with the Dollar Volume down by $1,666,788. New Listings were down by 9 from 2013 and Active Listings were up by 4. Average Days On the Market decreased from 43 in 2013 to 31 in 2014, and Average Sold Price to Listing Price decreased from 98% to 97%.
Increase / Decrease
Despite the drop in home sales Nobleton is another great King neighbourhood for increasing the value of real estate holdings. Homes sales did decrease, however, new listings decreased and active listings increased. Home values were up as more people vied for a slightly lower number of homes. Sales of detached homes remained at the top as new developments with other home types have only recently begun. It is apparent that the housing market remains strong compared to other countries, and with an interest rate that remains relatively low, the Nobleton, King real estate market should continue to prosper along with other markets in York Region.