Doncrest MLS Real Estate Listings

doncrest real estate homes houses mls listings sales

 

David Hamilton Park   Neighbourhood Amenities
Doncrest, York Region   Doncrest, Richmond Hill
 

 

In order to understand the attractiveness of the Doncrest, 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.

 

Doncrest 3rd Quarter 2013 3rd Quarter 2014 Increase/Decrease
House Sales 29 37 +8
Average Home Price $778,955 $879,661 +$100,706
Dollar Volume $22,589,702 $32,547,457 +$9,957,755
New Listings 60 100 +40
Active Listings Inventory 32 45 +13
Average Days On Market 25 36 +11
% Of Sold Price To Listing Price 97% 101% +4

 

Home sales in 2014 increased to 37 from 29 in 2013, and the Average Home Sale Price increased on average by $100,706. At the same time there were 40 more New Listings in 2014, 13 more Active Listings, and the price per home went up along with a total Dollar Volume increase of $9,957,755. 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 increased  from 25 in 2013 to 36 in 2014 which was still allright for home sellers. The Percentage of Sold Price To Listing Price increased to 101% from 97% for the same period of time in 2013. The majority of Doncrest 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 21 23 +2
Freehold Attached 2 3 +1
Condo Townhouse 1 1 0
Condo Apartment 5 10 +5

 

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 or above full listing price in a relatively short length of time, Doncrest, 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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