Westbrook MLS Real Estate Listings westbrook real estate homes houses mls listings

 

Westbrook Real Estate   Neighbourhood Amenities
Richmond Hill, York Region   Westbrook, Richmond Hill
 

 

In order to understand the desirability of the Westbrook neighbourhood for buyers and sellers, it is necessary to compare the present market to a previous one. In this case the second quarter of 2014 is compared side-by-side to the second quarter statistics of 2013, with with the increase or decrease in results in the right hand column.

 

Westbrook 2nd Quarter 2013 2nd Quarter 2014 Increase/Decrease
House Sales 67 81 +14
Average Home Price $726,861 $841,140 +$114,279
Dollar Volume $48,699,668 $68,132,333 +19,432,665
Active Listings Inventory 70 49 -21
New Listings 172 162 -10
Average Days On Market 20 17 -3
% Of Sold Price To Listing Price 98% 99% +1%

 

Home sales in 2014 increased to 81 from 67 in 2013, and the Average Home Sale Price increased on average by $114,279. At the same time there were fewer Active Listings in 2014 as well as fewer New Listings, and the prices went up as product decreased. Surely, the desirability of the neighbourhood helped keep the prices up, but continually low interest rates also helped with the increase in sales. During the same period, the Average Number of Days on the market decreased from 20 in 2013 to only 17 in 2014 which is certainly good for home sellers. The Percentage of Sold Price To Listing Price improved to  99% from 98% in 2013. The majority of Westbrook real estate sales, as indicated below, is mostly from detached homes and freehold townhomes. This extremely desirable neighbourhood is another indicator of the strength of the overall Richmond Hill Housing Market.

 

Type Number of Sales 2013 Number of Sales 2014 Increase/Decrease
Detached 41 55 +14
Condo Townhouse 1 4 +3
Attached 17 21 +4
Semi-Detached 8 1 -7
Total 67 81 +14

 

This is another example of Real Estate as a Great Investment. At present there is relatively low risk with excellent chances of increasing the value of your own estate. With homes selling at or close to full listing price in a relatively short length of time, Westbrook continues to be strong in Richmond Hill real estate and a great investment. Our strong economy should continue with this neighbourhood helping to lead the way.

 

Westbrook Real Estate westbrook real estate homes houses mls listings

 

Find Your Westbrook Dream Home westbrook real estate homes houses mls listings

 

Westbrook Richmond Hill MLS Real Estate Listings westbrook real estate homes houses mls listings

 

 

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