Summerhill Estates MLS Real Estate Listings summerhill estates real estate homes houses sales

 

Homes Houses   Summerhill Woods Townhouses
Summerhill Estates, Newmarket   Newmarket, York Region
 

 

In order to understand the attractiveness of the Summerhill Estates, 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.

 

Summerhill Estates 3rd Quarter 2013 3rd Quarter 2014 Increase/Decrease
House Sales 54 48 -6
Average Home Price $472,162 $496,035 +$23,873
Dollar Volume $25,496,744 $23,809,688 -$1,687,056
New Listings 73 58 -15
Active Listings Inventory 17 17 0
Average Days On Market 13 18 +5
% Of Sold Price To Listing Price 99% 99% 0

 

Home sales in 2014 decreased slightly to 48 from 54 in 2013, and the Average Home Sale Price increased on average by $23,873. At the same time there were 15 fewer New Listings in 2014, no change in the Active Listings, and the price per home went up along with a total Dollar Volume decrease of $1,687,056. 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 increased  from 13 in 2013 to 18 in 2014 which is still allright for home sellers. The Percentage of Sold Price To Listing Price remained the same at 99% for the same period of time. The majority of Summerhill Estates real estate sales came from detached and freehold townhouses 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 29 21 -8
Semi-Detached 3 2 -1
Freehold Attached 18 20 +2
Condo Townhouse 4 4 0
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 a relatively short length of time, Summerhill Estates, 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.

 

Summerhill Estates Real Estate summerhill estates real estate homes houses sales

 

Find Your Summerhill Estates Dream Home summerhill estates real estate homes houses sales

 

Summerhill Estates MLS Real Estate Listings summerhill estates real estate homes houses sales

  

 

"Oh, By The Way... I am Never Too Busy

For Any of Your Referrals"

 

adminlistingsprivacy policycontactsite map
Century 21 Heritage Group Ltd., Brokerage, independently owned & operated
MLS®, REALTOR® and the associated logos are trademarks of The Canadian Real Estate Association
Copyright © 2002-2017. All rights reserved.
Real Estate Marketing by Lone Wolf Real Estate Technologies.
Lone Wolf Real Estate Technologies