Real Estate Market Update
Selected Communities in East Gwillimbury Including Rural Properties
January 1 to October 31, 2013
COMMUNITY OF SHARON
|
YEAR |
MEAN AVG. |
MEDIAN |
# OF SALES |
| 2013 | $733,892 | $721,000 | 55 |
| 2012 | $699,568 | $715,000 | 45 |
| Change | 5.0% | 1.0% | 22.0% |
The community of Sharon continues to demonstrate consistent annual price increases and a higher volume of sales activity in 2013. Average days on market increased slightly from 31days on market in 2012 to 44 days on market in 2013. The selling price compared to the list price changed slightly from 98% in 2012 to 97% in 2013.
COMMUNITY OF QUEENSVILLE
|
YEAR |
MEAN AVG. |
MEDIAN |
# OF SALES |
| 2013 | $701,333 | $615,000 | 15 |
| 2012 | $617,300 | $547,000 | 11 |
| Change | 13.6% | 12.4% | 36.0% |
The community of Queensville is also benefiting from an active market. On average home sales represented 96% of the list price in 2013, which decreased from 99% in 2012. Days on market changed slightly from the average of 67 days in 2012 compared to 63 days in 2013.
RURAL EAST GWILLIMBURY 10-50 ACRE PROPERTIES
|
YEAR |
MEAN AVG. |
MEDIAN |
# OF SALES |
| 2013 | $938,800 | $710,000 | 5 |
| 2012 | $755,218 | $668,500 | 11 |
| Change | 24.3% | 6.3% | -50.5% |
There were very few rural properties selling in 2013 compared to 2012. The median data is a more reliable indication of the change in real estate values due to the small number of sales and the swing in sale prices ranging from a low of $374,000 to a high of $1,650,000. In 2012, the low was $44,000 for a small piece of vacant land to a high of $1,500,000 for an elegant estate home on 11 premium acres.
The Municipality of East GwillimburyThe Home Price Index reports for the whole of East Gwillimbury that the average price of a DETACHED home in October 2013 increased to $484,200. which is an increase of 3.73% from 2012. Since 2011, detached home prices have increased by 14.31%.
Total Sales Volume in East Gwillimbury – January to October 2013
Another indicator of market change is the actual dollar volume of home sales. For the 10 months ending October, 2013, volume sales, as reported by The Toronto Real Estate Board was $152,574,102 as compared to $144,509,909 in 2012, an increase of 5.7%. This volume does not include new home sales.
