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" for Nobleton.
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 were up by 3 in 2014. The Average Home Price has gone up by $136,889 during the same time period with the Dollar Volume up $3,370,000. New Listings were up by 15, and Active Listings were up by 13. The Average Days On the Market increased from 41 in 2013 to 48 in 2014 which was somewhat less favourable for home sellers, while the Average Sold Price to Listing Price decreased from 98% in 2013 to 96% in 2014, again somewhat less favourable for homesellers.
Increase / Decrease
Attached / Townshomes
Nobleton is another great King neighbourhood for increasing the value of real estate holdings. Homes sales increased a bit, New Listings were up while Active Listings were up as well in 2014, with all of the sales coming from detached homes. Even with the increase in the amount of inventory home values increased, and helped to allow the housing market to remain 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.