Central Newmarket MLS Real Estate Listings central newmarket real estate homes houses sales

 

Main Street South   Condos Condominiums
Central Newmarket   Central Newmarket, York Region
 

 

In order to understand the attractiveness of the Central Newmarket neighbourhood for buyers and sellers, it is necessary to compare the present market to a previous one. In this case the third quarter statistics of 2014 are compared side-by-side to the third quarter statistics of 2013 from the Community Housing Market Report York Region, Newmarket, with with the increase or decrease in results in the right hand column.

 

Central Newmarket 3rd Quarter 2013 3rd Quarter 2014 Increase/Decrease
House Sales 44 45 +1
Average Home Price $424,425 $404,609 -$19,816
Dollar Volume $18,674,700 $18,207,388 -$467,312
New Listings 77 77 0
Active Listings Inventory 31 36 +5
Average Days On Market 28 31 +3
% Of Sold Price To Listing Price 97% 98% +1

 

Home sales in 2014 increased slightly to 45 from 44 in 2013, and the Average Home Sale Price decreased on average by $19,816. At the same time there were the same number of New Listings in 2014 and 5 more Active Listings, and the price per home went down along with a total Dollar Volume decrease of $467,312. Surely, the desirability of the neighbourhood helped keep the prices from falling too much, but continually low interest rates also helped in this regard with the sale price. During the same period, the Average Number of Days on the market increased  from 28 in 2013 to 31 in 2014 which is still allright for home sellers. The Percentage of Sold Price To Listing Price increased from 97% in 2013 to 98% in 2014. The majority of Central Newmarket real estate sales came from detached homes and condominium townhouses as shown below with breakdown by type. This desirable neighbourhood is another indicator of the strength of the overall Newmarket Housing Market.

 

Type Number of Sales 2013 Number of Sales 2014 Increase/Decrease
Detached 33 27 -6
Semi-Detached 1 0 -1
Condo Townhouse 1 6 +5
Condo Apartment 9 12 +3

 

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 close to full listing price in a relatively short length of time, Central Newmarket continues to be strong in York Region real estate and a great investment despite the reduction in sales. Our strong economy should continue with this neighbourhood helping to lead the way.

 

Central Newmarket Real Estate central newmarket real estate homes houses sales

 

Find Your Central Newmarket Dream Home central newmarket real estate homes houses sales

 

Central Newmarket MLS Real Estate Listings central newmarket real estate homes houses sales

 

 

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