In order to understand the attractiveness of the Aurora Estates neighbourhood for buyers and sellers, it is necessary to compare the present market to a previous one. In this case the fourth quarter statistics of 2014 are compared side-by-side to the fourth quarter statistics of 2013 from the Community Housing Market Report York Region, Aurora, with with the increase or decrease in results in the right hand column.
4th Quarter 2013
4th Quarter 2014
Average Home Price
Active Listings Inventory
Average Days On Market
% Of Sold Price To Listing Price
Home sales in 2014 decreased to 12 from 14 in 2013, and the Average Home Sale Price increased on average by $624,612. At the same time there were 18 fewer New Listings in 2014 as well as 4 fewer Active Listings, and the price per home went up as product decreased and total Dollar Volume increased by $5,377,400. Surely, the desirability of the neighbourhood helped keep the prices up, but continually low interest rates also helped with the increase in sale price. During the same period, the Average Number of Days on the market increased from 34 in 2013 to 100 in 2014 which was less welcome by home sellers. The Percentage of Sold Price To Listing Price, however, decreased to 92% from 96% in 2013. The majority of Aurora Estates real estate sales came entirely from detached homes and condo townhouses as shown below with breakdown by type. This extremely desirable neighbourhood is another indicator of the strength of the overall Aurora 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 or close to full listing price in a relatively short length of time, Aurora Estates continues to be strong in York Region real estate and a great investment. Our strong economy should continue with this neighbourhood helping to lead the way.
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If you are interested in the final sales price for any Aurora Estates property, please call Randy Corcoran at 905-883-8300 or e-mail me at: