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 Royal Orchard.
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 4 from 39 in 2013 to 35 in 2014. And the Average Home Price has gone up by $87,713 during the same time period with the Dollar Volume up $856,100. New Listings were down by 3, and Active Listings were down by 6. The Average Days On the Market has come down to 23 from 29, while the Average Sold Price to Listing Price has increased from 97% in 2013 to an excellent 99% in 2014.
Increase / Decrease
Attached / Townshomes
Royal Orchard 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 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 Royal Orchard, Markham real estate market should continue to prosper along with other markets in York Region.