In order to understand the attractiveness of the Aurora Heights neighbourhood for buyers and sellers, it is necessary to compare the present market to a previous one. In this case the third quarter statistics of 2014 are compared side-by-side to the third quarter statistics of 2013 from the Community Housing Market Report York Region, Aurora, with with the increase or decrease in results in the right hand column.
3rd Quarter 2013
3rd Quarter 2014
Average Home Price
Active Listings Inventory
Average Days On Market
% Of Sold Price To Listing Price
Home sales in 2014 decreased to 27 from 34 in 2013, and the Average Home Sale Price decreased on average by $5,942. At the same time there were 2 more New Listings in 2014 as well as 1 more Active Listing, and the price per home went down (as product increased marginally) along with a total Dollar Volume decrease. Surely, the desirability of the neighbourhood helped keep the prices from dropping too much, 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 slightly from 19 in 2013 to only 22 in 2014 which is still certainly good for home sellers. The Percentage of Sold Price To Listing Price increased to 99% from 98% in 2013. The majority of Aurora Heights real estate sales came from detached homes with some condo apartments and semi-detached houses as shown below with breakdown by type. This desirable neighbourhood is another indicator of the strength of the overall Aurora 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, Aurora Heights continues to be strong in York Region real estate and a great investment. Our strong economy should continue with this neighbourhood helping to lead the way.
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If you are interested in the final sales price for any Aurora Heights property, please call me, Randy Corcoran, at 905-883-8300 or e-mail: