In order to understand the desirability of the Holland Landing neighbourhood for buyers and sellers, it is necessary to compare the present market to a previous one based on the Community Housing Market Report York Region: East Gwillimbury. In this case the third quarter of 2014 is compared side-by-side to the third quarter statistics of 2013, with with the increase or decrease in results in the right hand column.
Holland Landing
3rd Quarter 2013
3rd Quarter 2014
Increase/Decrease
House Sales
27
28
+1
Dollar Volume
$12,418,875
$13,341,800
$922,925
Average Home Price
$459,958
$476,493
+$16,535
Active Listings Inventory
26
25
-1
New Listings
36
44
+8
Average Days On Market
38
38
0
% Of Sold Price To Listing Price
98%
98%
0%
Sales were almost the same in 2013 and 2014, yet the Average Home Sale Price which was made up almost entirely of detached homes rose on average by $16,535. At the same time there was 1 fewer Active Listing in 2014, but 8 more New Listings. Surely, a relative shortage of listings helped keep the prices up. But continually low interest rates also helped with the increase in sales dollar volume and sale price. This activity had no effect on the Average Number of Days on the market which remained the same at 38 in 2013 and 2014. The Percentage of Sold Price To Listing Price, also, remained the same at 98% of asking price in 2013 and 2014. Holland Landing real estate is another indicator of the strength of the overall East Gwillimbury Housing market.
Type
Number of Sales 2013
Number of Sales 2014
Increase/Decrease
Detached
25
25
0
Attached/Townhouse
1
3
+2
Condo Apartment
1
0
-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 at almost full price in a short length of time, Holland Landing continues to be one of the hot spots in East Gwillimbury real estate. Our strong economy should continue with this neighbourhood at the forefront.
