South Richvale MLS Real Estate Listings Houses Prices houses homes south richvale real estate listings prices

 

South Richvale Houses   South Richvale Greenway
Richmond Hill, York Region   Richmond Hill, York Region
 

  

In order to understand the attractiveness of the South Richvale, 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.

 

South Richvale 4th Quarter 2013 4th Quarter 2014 Increase/Decrease
House Sales 29 22 -7
Average Home Price $1,495,212 $1,600,549 +$105,337
Dollar Volume $43,361,162 $35,212,088 -$8,149,074
New Listings 58 61 +3
Active Listings Inventory 31 49 +18
Average Days On Market 38 39 +1
% Of Sold Price To Listing Price 92% 94% +2

 

Home sales in 2014 decreased to 22 from 29 in 2013, and the Average Home Sale Price increased on average by $105,337. At the same time there were 3 more New Listings in 2014, 18 more Active Listings, and the price per home went up along despite a total Dollar Volume decrease of $8,149,074. Along with the small increase in new listings, the attractiveness of the neighbourhood helped keep the prices up, and 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 increased to 39 from the 38 in 2013 which is still allright for home sellers, and the Percentage of Sold Price To Listing Price increased to 94% in 2014 from 92% in 2013. The majority of South Richvale 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 Richmond Hill Housing Market.

 

Type Number of Sales 2013 Number of Sales 2014 Increase/Decrease
Detached 28 21 -7
Semi-Detached 0 0 0
Freehold Townhome 1 0  -1
Condo Townhouse 0  1  +1
Condo Apartment 0 0 0
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, South Richvale, 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.

 

South Richvale Real Estate south richvale real estate homes houses listings prices

 

Find Your South Richvale Dream Home south richvale real estate homes houses listings prices

 

South Richvale MLS Real Estate Listings Houses Prices houses homes south richvale real estate listings prices

 

 

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