In order to understand the attractiveness of the Nobleton, King 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, King, with with the increase or decrease in results in the right hand column.
Nobleton
4th Quarter 2013
4th Quarter 2014
Increase/Decrease
House Sales
6
9
+3
Average Home Price
$712,667
$849,556
+$136,889
Dollar Volume
$4,276,000
$7,646,000
+$3,370,000
New Listings
20
35
+15
Active Listings Inventory
14
27
+13
Average Days On Market
41
48
+7
% Of Sold Price To Listing Price
98%
96%
-2
Home sales in 2014 were 9, up from the 6 in 2013, and the Average Home Sale Price increased on average by $136,889. For the same time there were 15 more New Listings in 2014, 13 more Active Listings, and the price per home went up along with a total Dollar Volume increase of $3,370,000. Surely, the desirability of the neighbourhood helped keep the prices up, but continually low interest rates also helped in this regard. During the same period, the Average Number of Days on the market increased from 41 to 48 which was still good for home sellers. The Percentage of Sold Price To Listing Price, however, decreased slightly to 96% from 98% in 2013. All of Nobleton real estate sales came from detached homes as shown below. This desirable neighbourhood is another indicator of the strength of the overall King Housing Market.
Type
Number of Sales 2013
Number of Sales 2014
Increase/Decrease
Detached
6
9
+3
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, Nobleton, King 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.
