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, Schomberg."
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 8 in 2013 to 18 in 2014. The Average Home Price went up by $127,253 during the same time period with the Dollar Volume up by $7,187,113. New Listings were up by 25 over 2013 and Active Listings were up by 10. Average Days On the Market decreased from 31 in 2013 to 27 in 2014, and Average Sold Price to Listing Price increased from 95% to 99%.
Increase / Decrease
Schomberg is another great King neighbourhood for increasing the value of real estate holdings. Homes sales increased, new listings increased and active listings increased too. Home values were up as more people vied for a slightly greater level of homes. Sales of detached homes remained at the top with condo apartments a distant second 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 Schomberg, King real estate market should continue to prosper along with other markets in York Region.