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: Markham" for Bayview Glen.
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 decreased slightly by 2 from 10 in 2013 to 8 in 2014. And the Average Home Price has gone up by $164,436 during the same time period but with the Dollar Volume down $1,659,112. New Listings were down by 4, and Active Listings were down by 2. The Average Days On the Market has come down to 28 from 45, and the Average Sold Price to Listing Price has decreased from 94% in 2013 to 93% in 2014.
Increase / Decrease
Attached / Townshomes
Bayview Glen is another great Markham neighbourhood for increasing the value of real estate holdings. Homes sales are down slightly along with New and Active Listings. The greatest number of sales comes from detached homes followed at a distance by condo apartments. At the same time the decreased inventory helps keep the home values up. The housing market does continue to remain strong compared to other countries, and with an interest rate that remains relatively low, the Bayview Glen, Markham real estate market should continue to prosper along with other markets in York Region.