In order to understand the attractiveness of the Mount Albert neighbourhood for buyers and sellers, it is necessary to compare the present market to a previous one based on the Community Housing Market Report York Region: East Gwillimbury. In this case the fourth quarter of 2014 is compared side-by-side to the fourth quarter statistics of 2013, with with the increase or decrease in results in the right hand column.
4th Quarter 2013
4th Quarter 2014
Average Home Price
Active Listings Inventory
Average Days On Market
% Of Sold Price To Listing Price
Sales were up by 6 from 20 in 2013 to 26 in 2014, and the Average Home Sale Price increased on average by $60,053 with an increased Dollar Volume of $4,027,175. At the same time there were 3 fewer Active Listings in 2014 as well as 5 fewer New Listings. Continually low interest rates certainly helped with the increase in sales. Even with this increased activity the Average Number of Days on the market rose from 25 in 2013 to 37 in 2014. And the Percentage of Sold Price To Listing Price remained the same at 98%. Mount Albert real estate is another indicator of the strength of the overall East Gwillimbury 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 at almost full price in a fairly short length of time, and the new subdivisions already underway, Mount Albert continues to be one of the hot spots in East Gwillimbury real estate. Our strong economy should continue with this neighbourhood at the forefront.