Market Report: St. Andrews Community, Scarborough - Real Estate News Dec 31, 2014
A Year In Review:
- The 2014 average price for a detachedhome in St. Andrews is now $557,960, an astounding increase of $82,537 or 17% over 2013 levels.
- There was a 28% increase in the number of homes sold this year; 60 for 2014 vs. 47 for 2013.
- The 2014 average days on market was less at 10 vs. 17 days during 2013.
Over the last 2 years, home prices in your community has outperformed the GTA market by a 2:1 margin compared with an average GTA price increase of 7-10% depending on neighbourhood and home type. St. Andrews prices now better reflect their true value, in fact St. Andrews 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.