Devonsleigh MLS Real Estate Listings devonsleigh real estate homes houses mls listings

 

Devonsleigh Amenities   Newberry Park
Richmond Hill, York Region   Devonsleigh, Richmond Hill
 

 

In order to understand the attractiveness of the Devonsleigh, Richmond Hill 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, Richmond Hill, with with the increase or decrease in results in the right hand column.

 

Devonsleigh 3rd Quarter 2013 3rd Quarter 2014 Increase/Decrease
House Sales 33 40 +7
Average Home Price $630,871 $724,515 +$93,644
Dollar Volume $20,818,750 $28,980,580 +$8,161,830
New Listings 65 67 +2
Active Listings Inventory 30 24 -6
Average Days On Market 26 21 -5
% Of Sold Price To Listing Price 98% 100% +2

 

Home sales in 2014 increased slightly to 40 from 33 in 2013, and the Average Home Sale Price increased on average by $93,644. At the same time there were 2 more New Listings in 2014, 6 fewer Active Listings, and the price per home went up along with a total Dollar Volume increase of $8,161,830. Surely, the desirability of the neighbourhood helped keep the prices up, 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 decreased  from 26 in 2013 to 21 in 2014 which is still allright for home sellers. The Percentage of Sold Price To Listing Price increased to 100% from 98% for the same period of time in 2013. The majority of Devonsleigh real estate sales came from detached houses as shown below with breakdown by type. This 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 25 31 +6
Freehold Attached 4 4 0
Condo Apartment 4 5 +1

 

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, Devonsleigh, Richmond Hill 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.

 

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Devonsleigh MLS Real Estate Listings devonsleigh real estate homes houses mls listings

 

 

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