Let's see how much have property values in appreciated since this time last year.
Within ONE year
The average increase in value for properties in over the following years.
The benchmark price for a particular neighbourhood tracks changes of the typical homes and excludes the extreme high and low end properties. Benchmark pricing focuses on the typical home style and most common features of homes in the given neighbourhood. By understanding this, you are able to compare similar neighbourhoods and see which has the highest Benchmark price.
Please do not misinterpret benchmark prices as actual prices. Benchmark prices are calculated for certain properties that are considered as typical properties in a given community. MLS benchmark prices are determined to help track price trends and do not reflect the price of any one particular property.
Property Type Comparison
Notice the appreciation percentages of each property type in over a 3 year period. Compare the Benchmark price for different home types available in .
Recent Market Activity
Take a look at other indicators from the most recent real estate market activities in . This will give a better understanding of the current status and trends in your real estate community.
Average Market Price
The chart below displays the monthly trend of average market prices for all types of properties in . Please note that each point on this chart demonstrates the average sold price of the properties in a given period. These averages may fluctuate as the quality and standards of the listed properties vary.
Average Days on Market
DOM or Days on Market indicates the number of days from the listing date of a property to the date that property has been sold. This chart indicates how in-demand properties are in and how this demand has fluctuateds over the span of a year.
What should you look for
when analyzing the market?
When analyzing data, it’s best to see the bigger picture. Notice trends and similarities in each chart and put together your own conclusions based on the statistics.
Stay objective, try and see the data from the point of view of a home owner as opposed to the point of view of a potential buyer.
Homeowners often wish to understand their community and it’s trends in the real estate market. Whether you are planning on selling in near future or just curious as to your home is worth, knowledge is power. These statistics give you the ability to see what you could potentially list your house for, based on recent sales of similar properties in your area. You can also see the average asking price for properties similar to yours in your community as well as how fast you can expect your property to sell.
As a homebuyer, you may be looking to find your future home, or to find that perfect investment property. Whichever it is, this information is going to be significant in helping you make an informed decision. Looking at the indicators through our charts will suggest which communities will probably have the strongest price growth in the future. It will also indicate which property type would gain the best capital in your favourite neighbourhood. You can also see how likely you will find your ideal property in your desired neighbourhood and price point.
We can see how active the market has been in . We compare the number of newly listed properties in a given time frame with the number of properties that have been sold and the number of active listings in the same time frame. The more properties that are listed and sold, the more vibrant and active the market is in any given community.
The Recent Deals
Now let's see How Many Properties have sold in during the last monthly and for How Much.
Properties Within the last month
Price average Within the last month
That's % of average asking price
What you shouldn't Forget About?
THE KEY TO MAKING AN INFORMED INVESTMENT DECISION IS TO UNDERSTAND YOUR OPTIONS
Thinking To Sell?
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Looking To Buy?
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