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 Grove."
4th Quarter 2013
4th 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 7 from 8 in 2013 to 15 in 2014. The Average Home Price has gone up by $40,684 during the same time period with the Dollar Volume up by $4,236,700. New Listings are up 7 and Active Listings are the same as in 2013. The Average Days On the Market is also the same as the previous year at 22 , while the Average Sold Price to Listing Price has increased from 98% in 2013 to an amazing 99% in 2014.
Increase / Decrease
Attached / Townhomes
Aurora Grove is another great Aurora neighbourhood for increasing the value of real estate holdings. Homes sales continue to increase as the inventory of homes has increased slightly. This 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 and attached townhomes 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 Grove, Aurora real estate market should continue to prosper along with other markets in York Region.