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Pottageville Homes Houses   Neighbourhood Amenities
King, York Region   Pottageville, King
 

 

In order to understand the attractiveness of Pottageville 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.

 

Pottageville 3rd Quarter 2013 3rd Quarter 2014 Increase/Decrease
House Sales 7 8 +1
Average Home Price $737,857 $727,188 -$10,669
Dollar Volume $5,165,000 $5,817,500 +$652,500
New Listings 16 17 +1
Active Listings Inventory 11 11 0
Average Days On Market 52 16 -36
% Of Sold Price To Listing Price 96% 100% +4

 

Home sales in 2014 increased to 8 from 7 in 2013, and the Average Home Sale Price decreased slightly on average by $10,669. At the same time there was 1 more New Listing in 2014, the same number of Active Listings, and the price per home went down along with a total Dollar Volume increase of $652,500. 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 52 in 2013 to only 16 in 2014 which was great for home sellers. The Percentage of Sold Price To Listing Price increased slightly  from 96% in 2013 to 100% in 2014. All Pottageville real estate sales came from detached homes as shown below. 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 7 8 +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 or at full listing price in a relatively short length of time, Pottageville 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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Pottageville MLS Real Estate Listings pottageville real estate homes houses mls listings

 

 

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