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.
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 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.
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 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.
Westbrook Real Estate
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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: