Woodland Hill MLS Real Estate Houses Listings woodland hill real estate houses homes listings prices

 

Townhouses Townhomes Environmental Park
Woodland Hill, Newmarket Newmarket, York Region

 

In order to understand the attractiveness of the Woodland Hill, 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.

 

Woodland Hill 4th Quarter 2013 4th Quarter 2014 Increase/Decrease
House Sales 59 42 -17
Average Home Price $501,785 $575,690 +$73,905
Dollar Volume $29,605,288 $24,179,000 -$5,426,288
New Listings 67 47 -20
Active Listings Inventory 16 14 -2
Average Days On Market 24 27 +3
% Of Sold Price To Listing Price 98% 98% 0

 

Home sales in 2014 decreased to 42 from 59 in 2013, and the Average Home Sale Price increased on average by $73,905. At the same time there were 20 fewer New Listings in 2014, two fewer Active Listings, and the price per home went up along with a total Dollar Volume decrease of $5,426,288. 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 increased  from 24 in 2013 to 27 in 2014 which is still allright for home sellers. The Percentage of Sold Price To Listing Price remained the same at 98% for the same period of time. The majority of Woodland Hill 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 31 24 -7
Semi-Detached 14 6 -8
Freehold Attached 14 12 -2
Condo Townhouse 0 0  0
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, Woodland Hill, 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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