In order to understand the attractiveness of the Hills Of St Andrew 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.
Hills Of St Andrew
3rd Quarter 2013
3rd Quarter 2014
Increase/Decrease
House Sales
9
13
+4
Average Home Price
$887,200
$1,054,292
+$167,092
Dollar Volume
$7,984,800
$13,705,800
-$5,721,000
New Listings
17
21
+4
Active Listings Inventory
14
11
-3
Average Days On Market
37
47
+10
% Of Sold Price To Listing Price
96%
95%
-1
Home sales in 2014 increased to 13 from 9 in 2013, and the Average Home Sale Price increased on average by $167,092. At the same time there was 4 more New Listings in 2014 but 3 fewer Active Listings, and the price per home went up (as product decreased slightly) along with a total Dollar Volume increase of $5,721,000. 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 37 in 2013 to 47 in 2014 which, although somewhat longer, is not bad for more expensive homes. The Percentage of Sold Price To Listing Price decreased slightly from 96% in 2013 to 94% in 2014. The majority of Hills Of St Andrew real estate sales came from detached luxury homes as shown below with breakdown by type. This desirable neighbourhood is another indicator of the strength of the overall Aurora Housing Market.
Type
Number of Sales 2013
Number of Sales 2014
Increase/Decrease
Detached
9
11
+2
Attached/Townhouse
0
1
+1
Condo Apartment
0
1
+1
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, Hills Of St Andrew 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.
Hills Of St Andrew Real Estate
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If you are interested in the final sales price for any Aurora property, please call me, Randy Corcoran, at 905-883-8300 or e-mail:
