Market Report: Midland Park Community - Real Estate News Dec 31, 2014
A Year In Review:
- The 2014 average price for a detached home in Midland Park is now $541,428, an astounding increase of $64,578 or 14% over 2013 levels.
- There was 20% fewer homes sold this year; 18 for 2014 vs. 22 for 2013.
- The 2014 average days on market was slightly longer at 13 vs. 10 days during 2103.
Over the last 2 years, home prices in your community have outperformed the GTA market by an almost 2:1 margin compared with an average GTA price increase of 7-10% depending on neighbourhood and home type. Midland Park prices now better reflect their true value, in fact Midland Park is increasingly sought after and recognized for the beautiful and strong community that it is.
If you are thinking of moving and would like a complimentary home valuation or more information on the above, feel free to contact me anytime.