Summerhill Estates MLS Real Estate Houses Prices Listings summerhill estates real estate houses homes listings prices

 

Neighbourhood Amenities   Townhouses
Summerhill Estates Newmarket   Summerhill Estates York Region
 

 

In order to understand the attractiveness of the Summerhill Estates, Newmarket 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.

 

Summerhill Estates 4th Quarter 2013 4th Quarter 2014 Increase/Decrease
House Sales 34 39 +5
Average Home Price $471,806 $548,593 +$76,787
Dollar Volume $16,041,400 $21,395,138 +$5,353,738
New Listings 45 43 -2
Active Listings Inventory 10 5 -5
Average Days On Market 19 18 -1
% Of Sold Price To Listing Price 99% 99% 0

 

Home sales in 2014 increased to 39 from 34 in 2013, and the Average Home Sale Price increased on average by $76,787. At the same time there were 2 fewer New Listings in 2014, 5 fewer Active Listings, and the price per home went up along with a total Dollar Volume increase of $5,353,738. Surely, the desirability of the neighbourhood 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 19 in 2013 to 18 in 2014 which is still allright for home sellers. The Percentage of Sold Price To Listing Price remained the same at 99% for the same period of time. The majority of Summerhill Estates real estate sales came from detached and freehold townhouses as shown below with breakdown by type. This desirable neighbourhood is another indicator of the strength of the overall Newmarket Housing Market.

 

Type Number of Sales 2013 Number of Sales 2014 Increase/Decrease
Detached 14 23 +9
Semi-Detached 3 0 -3
Freehold Attached 13 13  0
Condo Townhouse 4 2 -2
Condo Apartment 0  0    0 
Other 0 1  +1

 

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, Summerhill Estates, Newmarket 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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