In order to understand the desirability of the Sharon 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.
3rd Quarter 2013
3rd Quarter 2014
Average Home Price
Active Listings Inventory
Average Days On Market
% Of Sold Price To Listing Price
Sales were the same in 2013 and 2014, yet the Average Home Sale Price which was made up entirely of detached homes rose on average by $249,258. At the same time there were 5 fewer Active Listings in 2014 as well as the same number of New Listings. Surely, a 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 reduced the Average Number of Days on the market from 37 in 2013 to only 21 in 2014. And the Percentage of Sold Price To Listing Price increased from 96% of asking price in 2013 to an amazing 98% of asking price in 2014. Sharon real estate is another indicator of the strength of the overall East Gwillimbury Housing market.
Number of Sales 2013
Number of Sales 2014
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, Sharon continues to be one of the hot spots in East Gwillimbury real estate. Our strong economy should continue with this neighbourhood at the forefront.