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 Commerce Valley.
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 62 in 2013 to 58 in 2014. And the Average Home Price has gone up by $24,760 during the same time period but with the Dollar Volume down $2,882,683. New Listings were up by 1, and Active Listings were down by 1. The Average Days On the Market rose to 43 from 36, and the Average Sold Price to Listing Price remained the same at 98% in 2014.
Increase / Decrease
Attached / Townshomes
Commerce Valley is another great Markham neighbourhood for increasing the value of real estate holdings. Homes sales are down slightly with New and Active Listings about the same. The greatest number of sales comes from condominium apartments followed at a distance by condo townhouses. At the same time the constant 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 Commerce Valley, Markham real estate market should continue to prosper along with other markets in York Region.