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, Hills of St. Andrew."
Hills of St. Andrew
3rd Quarter 2013
3rd 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 4 from 9 in 2013 to 13 in 2014. The Average Home Price went up by $167,092 during the same time period with the Dollar Volume up by $5,721,000. New Listings were up by 4 over 2013 and Active Listings were down by 3. The Average Days On the Market increased to 47 from 37 a year earlier, while the Average Sold Price to Listing Price dropped from 96% in 2013 to 95% in 2014.
Increase / Decrease
Hills of St Andrew is another great Aurora neighbourhood for increasing the value of real estate holdings. Homes sales increased as the active listings decreased. Even with this slightly lower level of inventory home values were up as more people vied for a smaller level of homes. Sales of detached luxury homes remained at the top of home sales in 2014. It is apparent that the housing market remains strong compared to other countries, and with an interest rate that remains relatively low, the Hills of St Andrew, Aurora real estate market should continue to prosper along with other markets in York Region.