In order to understand the attractiveness of the Rural 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 2 from 5 in 2013 to 7 in 2014, and the Average Home Sale Price which was made up entirely of detached homes increased on average by $50,020 with an increased Dollar Volume of $1,828,100. There were the same number of Active Listings in 2014 as well as 11 fewer New Listings. The prices were fairly stable overall, but continually low interest rates also helped with the slight increase in sales. This activity increased the Average Number of Days on the market from 37 in 2013 to 56 in 2014. And the Percentage of Sold Price To Listing Price decreased slightly from 99% of asking price in 2013 to 94% of asking price in 2014. Overall, Rural real estate is still 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, Rural continues to be one of the hot spots in East Gwillimbury real estate. Our strong economy should continue with this neighbourhood at the forefront.