Beaver Creek Business Park MLS Real Estate Listings beaver creek business park real estate condominiums

 

Beaver Creek Greenway   Commercial Real Estate
Beaver Creek Business Park   Richmond Hill, York Region
 

 

In order to understand the attractiveness of the Beaver Creek Business Park neighbourhood for buyers and sellers looking for new residential condo buildings, it is necessary to compare the present market to a previous one. In this case the third quarter of 2014 is compared side-by-side to the third quarter statistics of 2013, with with the increase or decrease in results in the right hand column.

 

Beaver Creek Business Park 3rd Quarter 2013 3rd Quarter 2014 Increase/Decrease
Condominium Sales 12 5 -7
Average Condo Price $331,375 $321,400 -$9,975
Dollar Volume $3,976,500 $1,607,000 -2,369,500
Active Listings Inventory 20 23 +3
New Listings 12 15 +3
Average Days On Market 29 26 -3
% Of Sold Price To Listing Price 97% 96% -1%

 

Condominium sales in 2014 decreased to 5 from 12 in 2013, and the Average Condo Sale Price decreased on average by $9,975. At the same time there were 3 more Active Listings in 2014 and only 3 more New Listings. Prices went down as the product remained fairly constant. Surely, the desirability of this newer condo neighbourhood helped keep the prices from falling too much, and continually low interest rates probably helped, too. During the same period, the Average Number of Days on the market decreased from 29 in 2013 to a lower 26 in 2014 which is certainly good for home sellers. The Percentage of Sold Price To Listing Price dropped to 96% in 2014 from 97% in 2013. All of Beaver Creek Business Park real estate sales are from highrise condominiums and not from any other type of home as is the norm in most other parts of the town. This newly desirable neighbourhood is still another indicator of the strength of the overall Richmond Hill Housing Market.

 

Type Number of Sales 2013 Number of Sales 2014 Increase/Decrease
Detached 12 5 -7

 

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 condos selling at or close to full listing price in a relatively short length of time, Beaver Creek Business Park continues to gain strength in Richmond Hill real estate and continues as a great investment. Our strong economy should continue with this neighbourhood helping to lead the way.

 

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