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Queensville Heritage Homes   Neighbourhood Amenities
East Gwillimbury, York Region   Queensville, York Region
 

 

In order to understand the attractiveness of the Queensville neighbourhood for buyers and sellers, it is necessary to compare the present market to a previous one based on the  Community Housing Market Report York Region: East Gwillimbury. In this case the fourth quarter of 2014 is compared side-by-side to the fourth quarter statistics of 2013, with with the increase or decrease in results in the right hand column.

 

Queensville 4th Quarter 2013 4th Quarter 2014 Increase/Decrease
House Sales 3 4 +1
Dollar Volume $1,720,000 $2,867,000 +$1,147,000
Average Home Price $573,333 $716,750 +$143,417
Active Listings Inventory 5 12 +7
New Listings 6 11 +5
Average Days On Market 80 47 -33
% Of Sold Price To Listing Price 97% 96% -1%

 

Sales were up by 1 from 3 in 2013 to 4 in 2014, and the Average Home Sale Price which was made up entirely of detached homes increased on average by $143,417 with an increased Dollar Volume of $1,147,000. There were the 7 more Active Listings in 2014 as well as 5 more New Listings. The prices increased somewhat, and continually low interest rates possibly helped with the slight increase in sales. With this activity the Average Number of Days on the market decreased from 80 in 2013 to 47 in 2014 which was a significant drop. And the Percentage of Sold Price To Listing Price decreased slightly from 97% of asking price in 2013 to 96% of asking price in 2014. Despite the small number of sales Queensville real estate is still another indicator of the strength of the overall East Gwillimbury Housing market.

 

Type Number of Sales 2013 Number of Sales 2014 Increase/Decrease
Detached 3 4 +1
Freehold Townhouses 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 at almost full price in a fairly short length of time, and the new subdivisions already underway, Queensville continues to be one of the hot spots in East Gwillimbury real estate. Our strong economy should continue with this neighbourhood at the forefront.

 

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