Thursday Oct 01st, 2020Share
Happy Fall 2020!
What a crazy year it has been so far! We hope you and your families are staying safe and healthy! We have been learning to work virtually both for real estate as well as high school classes for our daughter in grade 11.... glad to say we are all adjusting successfully and motoring ahead!
The Covid times definitely slowed down the real estate market in the spring with record sales drops, but the market rebounded in the late spring and summer with record breaking sales, multiple offer situations, many buyers left still looking, and lots of happy sellers :)
Let's look at Year-Over-Year Sales for August 2020 vs. August 2019....
MLS Sales Activity
Aug 2020 - 10,775 Units sold, Average Price $951,404
Aug 2019 - 7,682 Units sold, Average Price $792,134
That is an increase of 20.1% in sale price, and 40.3% increase in sales! Average days on market also drastically reduced to just 17 days for a listing to sell! What a Sellers market it has been and continues to be!
Thinking of moving? Someone you know? We appreciate all referrals and would welcome the opportunity to show you how our years of experience, expert negotiating skills, and awesome marketing plan can get YOU top dollar for your home!
Feel free to reach out for free real estate advice, a complimentary market evaluation, information on our Seller, Buyer and Investment Programs, or a friendly chat! We are always here to help you! Direct line 905-339-7004.
Enjoy the fall colours and leaves changing and let's talk real estate! It's a great time to move!