Westbrook MLS Real Estate Listings westbrook real estate homes houses mls listings

 

Twickenham Park   Westbrook Townhouses
Westbrook, Richmond Hill   Richmond Hill, York Region
 

 

In order to understand the attractiveness of the Westbrook, Richmond Hill 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, Richmond Hill, with with the increase or decrease in results in the right hand column.

 

Westbrook 3rd Quarter 2013 3rd Quarter 2014 Increase/Decrease
House Sales 66 72 +6
Average Home Price $729,356 $796,843 +$67,487
Dollar Volume $48,137,500 $57,372,680 +$9,235,180
New Listings 117 106 -11
Active Listings Inventory 50 44 -6
Average Days On Market 29 23 -6
% Of Sold Price To Listing Price 97% 98% +1

 

Home sales in 2014 were 72, up from the 66 in 2013, and the Average Home Sale Price increased on average by $67,487. For the same time there were 11 fewer New Listings in 2014, 6 fewer Active Listings, and the price per home increased along with a total Dollar Volume increase of $9,235,180. 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 decreased from 29 to 23 which was still good for home sellers. The Percentage of Sold Price To Listing Price increased to 98% from 97% in 2013. The majority of Westbrook real estate sales came from detached homes with freehold townhomes in further behind as shown below with breakdown by type. This desirable neighbourhood is another indicator of the strength of the overall Richmond Hill Housing Market.

 

Type Number of Sales 2013 Number of Sales 2014 Increase/Decrease
Detached 38 52 +14
Semi-Detached 1 2 +1
Attached Freehold 17 13 -4
Condo Townhouse 9 4 -5
Condo Apartment 1 0 -1
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, Westbrook, Richmond Hill 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.

  

Westbrook Real Estate westbrook real estate homes houses mls listings

 

Find Your Westbrook Dream Home westbrook real estate homes houses mls listings

 

Westbrook MLS Real Estate Listings westbrook real estate homes houses mls listings

  

 

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