King City MLS Real Estate Listings king city real estate homes houses mls listings

 

Detached Homes   The Residences of Spring Hill
King City Real Estate   King City Condominiums
 

 

In order to understand the attractiveness of the King City, King 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, King, with with the increase or decrease in results in the right hand column.

 

King City 3rd Quarter 2013 3rd Quarter 2014 Increase/Decrease
House Sales 27 32 +5
Average Home Price $866,619 $1,099,641 +$233,022
Dollar Volume $23,398,700 $35,188,500 +$11,789,800
New Listings 65 76 +11
Active Listings Inventory 62 69 +7
Average Days On Market 54 56 +2
% Of Sold Price To Listing Price 94% 94% 0

 

Home sales in 2014 were 32, up from the 27 in 2013, and the Average Home Sale Price increased on average by $233,022. For the same time there were 11 more New Listings in 2014, 7 more Active Listings, and the price per home went up along with a total Dollar Volume increase of $35,188,500. Surely, the desirability of the neighbourhood helped keep the sales up, but continually low interest rates also helped in this regard. During the same period, the Average Number of Days on the market increased from 54 to 56 which was still good for home sellers. The Percentage of Sold Price To Listing Price remained the same at 94% in 2014. The majority of King City real estate sales came from detached homes as shown below with breakdown by type. This desirable neighbourhood is another indicator of the strength of the overall King Housing Market.

 

Type Number of Sales 2013 Number of Sales 2014 Increase/Decrease
Detached 19 27 +8
Semi-Detached 1 0 -1
Attached Freehold 4 4 0
Condo Apartment 3 0 -3
Other 0 1 +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 just under 2 months, King City, King 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.

 

King City Real Estate king city real estate homes houses mls listings

 

Find Your King City Dream Home king city real estate homes houses mls listings

 

King City MLS Real Estate Listings king city real estate homes houses mls listings

 

 

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