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 German Mills.
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 by 10 from 30 in 2013 to 3 in 2014. And the Average Home Price has gone up by $38,157 during the same time period with the Dollar Volume down by $5,893,223 with fewer sales. New Listings were down by 2, and Active Listings stayed at 4. The Average Days On the Market has decreased to 16 from 21 which is still allright for home sellers, while the Average Sold Price to Listing Price has increased from 98% in 2013 to 99% in 2014.
Increase / Decrease
Attached / Townshomes
German Mills is another great Markham neighbourhood for increasing the value of real estate holdings. Homes sales are down slightly along with New Listings. At the same time the slightly 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 German Mills, Markham real estate market should continue to prosper along with other markets in York Region.