South Richvale MLS Real Estate Listings south richvale real estate homes houses sales

 

Teefy Estate Homes   Hunter's Point Real Estate
South Richvale Richmond Hill   South Richvale Homes
 

  

In order to understand the desirability of the South Richvale neighbourhood for buyers and sellers, it is necessary to compare the present market to a previous one. In this case the second quarter of 2014 is compared side-by-side to the second quarter statistics of 2013, with with the increase or decrease in results in the right hand column.

 

  2nd Quarter 2013 2nd Quarter 2014 Increase/Decrease
House Sales 22 32 +10
Average Home Price $1,213,568 $1,315,394 +$101,826
Dollar Volume $26,698,500 $42,092,600 +22,489,240
Active Listings Inventory 63 55 -8
New Listings 97 90 -7
Average Days On Market 28 20 -8
% Of Sold Price To Listing Price 95 98% +3%

 

Home sales in 2014 increased to 32 from 22 in 2013, and the Average Home Sale Price increased on average by a magnificent $101,826. At the same time there were fewer Active Listings in 2014 as well as fewer New Listings. Surely, fewer listings helped keep the prices up, but continually low interest rates also helped with the increase in sales. During the same period, the Average Number of Days on the market decreased from 28 in 2013 to only 20 in 2014 which is certainly good for home sellers. The Percentage of Sold Price To Listing Price improved to 98% from 95% in 2013. The majority of South Richvale real estate sales is mostly from detached homes, and this extremely desirable neighbourhood is another indicator of the strength of the overall Richmond Hill Housing Market.

 

Type Number of Sales 2013 Number of Sales 2014
Detached 20 30
Condo Townhouse 0 0
Condo Apartment 0 0
Attached 0 2
Other 0 0
Total 22 32

 

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 at or close to full listing price in a relatively short length of time, South Richvale continues to be strong in Richmond Hill real estate and a great investment. Our strong economy should continue with this neighbourhood helping to lead the way.

 

South Richvale Real Estate south richvale real estate homes houses sales

 

Find Your Dream Home south richvale real estate homes houses sales

 

South Richvale MLS Real Estate Listings south richvale real estate homes houses sales

 

 

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