Mill Pond MLS Real Estate Listings mill pond heritage estates real estate mls listings

 

Mill Pond Park   Mill Pond Neighbourhood
Mill Pond, Richmond Hill   Richmond Hill, York Region
 

 

In order to understand the attractiveness of the Mill Pond, Richmond Hill 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, Richmond Hill, with with the increase or decrease in results in the right hand column.

 

Mill Pond 3rd Quarter 2013 3rd Quarter 2014 Increase/Decrease
House Sales 36 56 +20
Average Home Price $732,389 $897,513 +$165,124
Dollar Volume $26,366,000 $50,260,718 +$23,894,718
New Listings 79 97 +18
Active Listings Inventory 49 47 -2
Average Days On Market 26 25 -1
% Of Sold Price To Listing Price 96% 98% +2

 

Home sales in 2014 were 56, up from the 36 in 2013, and the Average Home Sale Price increased on average by $165,124. For the same time there were 18 more New Listings in 2014, 2 fewer Active Listings, and the price per home went up along with a total Dollar Volume increase of $23,894,718. Surely, the desirability of the neighbourhood helped keep the sales up, but continually low interest rates also helped in this regard. During the same period, the Average Number of Days on the market decreased from 26 to 25 which was still good for home sellers. The Percentage of Sold Price To Listing Price increased to 98% from 96% in 2013. The majority of Mill Pond 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.

 

Type Number of Sales 2013 Number of Sales 2014 Increase/Decrease
Detached 29 51 +22
Attached Freehold 2 2 0
Condo Townhouse 4 0 -4
Condo Apartment 1 3 +2

 

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, Mill Pond, 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.

 

Mill Pond Heritage Estates Real Estate mill pond real estate heritage estates mls listings

 

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Mill Pond MLS Real Estate Listings mill pond heritage estates real estate mls listings

 

 

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