First, let’s see how much the value of this community's Detached properties have appreciated compared to the same period last year.
Within ONE year
Next, we will compare the average value appreciation for Detached properties in community with the average appreciation of prices in its Municipality and Zone. is located within municipality of and regional zone of . This comparision can indicate if this community in particular has an above or below average price appreciation compared to the rest of the communities in the same municipality and zone. You can make the same comparison over 1 Year, 3 Year, 5 Year and 10 Year periods to understand how this trend has shaped over a longer period of time.
Then, we can compare the Benchmark Price for Detached properties in with the benchmark price of Detached properties in its municipality and zone. This can indicate if relatively Detached properties in are more expensive or cheaper than Detached properties in other communities within the same municipality and zone.
Please be careful not to 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
Finally, we can see the price appreciation of different property types in over a 3 Year period. Here, we will be able to see which property types in this community have contributed the most to the overall price appreciation of the community in the past 3 years.
Recent Market Activity
Now let's take a look at some more indicators from the most recent real estate market activities in that can help you better understand the current status and trends of the real estate market in this community.
Average Market Price
The chart below displays the quarterly trend of average market price for Detached properties in . Note that each point on this chart demonstrates the average sold price of the properties in a given period, and may fluctuate severely if the quality and standards of the listed properties vary greatly.
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 Detached 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, you should always read between the lines to understand the actual trends. The numbers are all good, but it takes a bit of contemplation to make sense of it all.
Most notably, it makes a huge difference if you are looking at the data from a home owner's point of view or if you are trying to evaluate the market from a home buyer's viewpoint.
As a homeowner, you may wish to understand your community's real estate market situation, and know what to expect should you wish to put your property up for sale, or you may just be curious to find out what your property may approximately be worth and assess your capital gain potential. You would want to look at data that can indicate how much your property has appreciated since the day you bought it. You can see what the average asking price for properties similar to yours in your community has been, or how fast you should expect your property to sell.
As a home buyer on the other hand, you may either be looking to find your future home, or be looking to find that perfect investment property. Either way, this is going to be a significant investment and you'd want to make an informed decision. You would want to look at indicators that suggest which communities in a municipality will probably have the strongest price growth in the future, or which property type would gain the best capital in your favorite neighborhood. You can also see how likely you would be to find your ideal home within your budget.
We can see how active the market has been in , by comparing the number of newly listed properties in a given period with the number of properties that have been sold and the number of active properties still remaining at the end of the period. The more properties are listed and sold, the more vibrant the market is in any given community.
The Recent Deals
Now let's see How Many Detached Properties have sold in during the last quarter and for How Much.
Properties Within the last quarter
Price average Within the last quarter