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, Aurora Highlands."
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 decreased by 12 from 55 in 2013 to 43 in 2014. The Average Home Price has gone up by $57,015 during the same time period with the Dollar Volume down by $4,755,243. New Listings are up by 4 over 2013 and Active Listings are down by 2. The Average Days On the Market has decreased to 17 from 21 a year earlier, while the Average Sold Price to Listing Price remained the same at 98% in 2014.
Increase / Decrease
Aurora Highlands is another great Aurora neighbourhood for increasing the value of real estate holdings. Homes sales decreased as the inventory of homes has remained fairly constant. This level of inventory has helped keep the home values up as more people vie for about the same level of home inventory. Sales of detached homes remain at the top. It is apparent that the housing market remains strong compared to other countries, and with an interest rate that remains relatively low, the Aurora Highlands, Aurora real estate market should continue to prosper along with other markets in York Region.