In order to understand the attractiveness of the Schomberg, King neighbourhood 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.
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 were 9, the same as in 2013, and the Average Home Sale Price decreased on average by $62,556. For the same time there were 7 more New Listings in 2014, 15 more Active Listings, and the price per home decreased along with a total Dollar Volume decrease of $563,001. Surely, the desirability of the neighbourhood helped keep the sales updespite the decrease in sale price, but continually low interest rates also helped in this regard. During the same period, the Average Number of Days on the market decreased from 69 to 52 which was an improvement for home sellers. The Percentage of Sold Price To Listing Price increased from 97% in 2013 to 98% in 2014. The majority of Schomberg real estate sales came from detached homes as shown below with breakdown by type. This desirable neighbourhood is another indicator of the strength of the overall King 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 close to full listing price in just under 2 months, Schomberg, 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.