In order to understand the attractiveness of the Stonehaven-Wyndham, Newmarket 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, Newmarket, with with the increase or decrease in results in the right hand column.
Stonehaven-Wyndham
3rd Quarter 2013
3rd Quarter 2014
Increase/Decrease
House Sales
63
67
+4
Average Home Price
$641,244
$720,332
+$79,088
Dollar Volume
$40,398,398
$48,262,238
+$7,863,840
New Listings
85
89
+4
Active Listings Inventory
38
36
-2
Average Days On Market
30
22
-8
% Of Sold Price To Listing Price
98%
98%
0
Home sales in 2014 increased slightly to 67 from 63 in 2013, and the Average Home Sale Price increased on average by $79,088. At the same time there were 4 more New Listings in 2014 and 2 fewer Active Listings, and the price per home went up along with a total Dollar Volume increase of $7,863,840. 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 30 in 2013 to 22 in 2014 which is good for home sellers. The Percentage of Sold Price To Listing Price remained the same at 98% for the same yearly quarter. The majority of Stonehaven-Wyndham real estate sales came from detached and semi-detached homes as shown below with breakdown by type. This desirable neighbourhood is another indicator of the strength of the overall Newmarket Housing Market.
Type
Number of Sales 2013
Number of Sales 2014
Increase/Decrease
Detached
42
56
+14
Semi-Detached
18
10
-8
Freehold Attached
2
1
-1
Condo Townhouse
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 close to full listing price in a relatively short length of time, Stonehaven-Wyndham, Newmarket 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.
