Rural King MLS Real Estate Listings king rural real estate homes houses mls listings

 

Kettleby Homes   Nobleton Lakes Estates
Rural King York Region   Rural King, York Region
 

 

In order to understand the attractiveness of the Rural  neighbourhoods 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, King, with with the increase or decrease in results in the right hand column.

 

Rural King 4th Quarter 2013 4th Quarter 2014 Increase/Decrease
House Sales 19 17 -2
Average Home Price $1,125,605 $1,834,715 +$709,110
Dollar Volume $21,386,500 $31,190,150 +$9,803,650
New Listings 32 28 -4
Active Listings Inventory 39 30 -9
Average Days On Market 71 62 -9
% Of Sold Price To Listing Price 96% 95% -1

 

Home sales in 2014 were 17, 2 less than the 19 in 2013, but the Average Home Sale Price increased by $709,110. At the same time there were 4 fewer New Listings in 2014, 9 fewer Active Listings, and the price per home went up along with a total Dollar Volume increase of $9,803,650. Surely, the desirability of the neighbourhoods 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 71 in 2013 to 62 in 2014 which was better for home sellers. The Percentage of Sold Price To Listing Price decreased slightly  from 96% in 2013 to 95% in 2014. All Rural real estate sales came from detached homes as shown below. This desirable neighbourhood is another indicator of the strength of the overall King Housing Market.

 

Type Number of Sales 2013 Number of Sales 2014 Increase/Decrease
Detached 19 17 -2

 

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 or at full listing price in a relatively short length of time, Rural King 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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