Westbrook MLS Real Estate Homes Houses Listings houses homes westbrook real estate prices mls listings

  

In order to understand the attractiveness of the Westbrook, 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.

 

Westbrook 4th Quarter 2013 4th Quarter 2014 Increase/Decrease
House Sales 52 68 +16
Average Home Price $738,420 $796,879 +$58,459
Dollar Volume $38,397,837 $54,187,785 +$15,789,948
New Listings 66 90 +24
Active Listings Inventory 14 13 -1
Average Days On Market 23 24 +1
% Of Sold Price To Listing Price 98% 99% +1

 

Home sales in 2014 increased to 68 from 52 in 2013, and the Average Home Sale Price increased on average by $58,459. At the same time there were 24 more New Listings in 2014, 1 less Active Listing, and the price per home went up along with a total Dollar Volume increase of $15,789,948. Despite a good 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 24 from the 23 in 2013 which is still allright for home sellers, and the Percentage of Sold Price To Listing Price increased to 99% in 2014 from 98% in 2013. The majority of Westbrook 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 39 44 +5
Semi-Detached 1 3 +2
Freehold Townhome 5 17  +12
Condo Townhouse 6  4  -2
Condo Apartment 1 0 -1
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, Westbrook, 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.

 

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Find Your Westbrook Dream Home houses homes mls listings prices westbrook real estate

 

Westbrook MLS Real Estate Houses Listings westbrook real estate houses homes mls listings prices

 

 If you are interested in the listing or final sales price for any Westbrook or other Richmond Hill property, please call Randy Corcoran at 905-883-8300 or e-mail:

wcorcoran@trebnet.com

 

"Oh, By the Way... I'm Never Too Busy

For Any of Your Referrals."

 

 

 

 

 

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