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

 

Doncrest 4th Quarter 2013 4th Quarter 2014 Increase/Decrease
House Sales 28 30 +2
Average Home Price $739,211 $810,567 +$71,356
Dollar Volume $20,697,900 $24,317,000 +$3,619,100
New Listings 35 59 +24
Active Listings Inventory 13 29 +16
Average Days On Market 33 32 -1
% Of Sold Price To Listing Price 97% 99% +2

 

Home sales in 2014 increased to 30 from 28 in 2013, and the Average Home Sale Price increased on average by $71,356. At the same time there were 24 more New Listings in 2014, 16 more Active Listings, and the price per home went up along with a total Dollar Volume increase of $3,619,100. Surely, the attractiveness 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 33 in 2013 to 32 in 2014 which is still allright for home sellers. The Percentage of Sold Price To Listing Price increased to 99% from 97% for the same period of time. The majority of Doncrest real estate sales came from detached houses and condominium apartments 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 18 15 -3
Semi-Detached 0 0 0
Freehold Townhome 2 0  -2
Condo Townhouse 0  3   +3
Condo Apartment 8 12 +4
Other 0 0 0

 

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, Doncrest, 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.

  

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Find Your Doncrest Dream Home doncrest richmond hill real estate mls listings property

 

Doncrest MLS Real Estate Listings doncrest real estate homes houses mls listings property

 

  

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