KEVIN   JONES

KEVIN JONES

Sales Representative

RE/MAX Twin City Realty Inc., Brokerage*

Mobile:
519-590-2913
Office:
519-885-0200
Email Me

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Beechwood and Maple Hills Real Estate Market Update February 2019

The start to the year for the real estate market in Beechwood and Maple Hills has been fairly typical.  So far this year just 5 homes have sold.  Continuing demand for homes in the neighbourhood has meant that the average selling price is once again exceeding the average list price.   While average sale prices are down quite a bit, the average list price is down as well indicating that the sale prices we are seeing is more a reflection of the homes being sold than overall market conditions.

Beechwood and Maple Hills

Monthly Market Update

       

February

 

2019

2018

2017

Homes Sold

2

2

3

Average List Price

$639,500

$768,950

$456,563

Average Selling Price

$650,944

$799,444

$499,363

% of List

101.8%

104.0%

109.4%

Days on Market

43

21

12

       

Year to Date (Jan 1-Feb 28)

 

2019

2018

2017

Homes Sold

5

4

8

Average List Price

$681,720

$824,200

$474,655

Average Selling Price

$697,338

$823,472

$520,898

% of List

102.3%

99.9%

109.7%

Days on Market

42

38

13

In March and April of 2018 a total of 15 homes sold in the area so I expect to see the volume of listings increasing shortly.  I normally advise clients to get their homes listed early, before the market is jammed with competing properties.  If you are considering selling and would like a no cost, no obligation home evaluation please give me a call.

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