In order to understand the attractiveness of the Glenway 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, Newmarket, 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 increased to 12 from 8 in 2013, and the Average Home Sale Price increased on average by $64,917. At the same time there were 8 more New Listings in 2014 as well as the same number of Active Listings, and the price per home went up as product increased along with total Dollar Volume of $3,103,001. 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 decreased from 37 in 2013 to 12 in 2014 which is certainly good for home sellers. The Percentage of Sold Price To Listing Price increased from 97% in 2013 to 98% in 2014. At present, all of Glenway Estates real estate sales came from detached homes as shown below. This extremely desirable neighbourhood is another indicator of the strength of the overall Newmarket 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, Glenway 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.