Hire A Top Class Real Estate Agent Who Will Invest In Your Future
KEVIN JONES's blog
It has been a busier than normal start to the year for home sale sin Conservation Meadows. Lots of demand and very little supply have meant that homes in the area continue to sell for more than list price, in a very short (7 day) time frame.
It has been a fairly typical start to the year for home sales in Westvale. Average sale prices are down but, considering that the average list price is also down it is evident that the drop has more to do with the properties were available rather than a general downturn in the market.
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.
It has been a reasonably busy start to the year for home sales in Eastbridge. So far seven homes have sold in the neighbourhood and while average sale prices have backed off a bit, homes are still selling for full list price which would indicate that the drop in price is due to the homes being offered for sale rather than a downturn in the market.
It was a much better start to the year for the Real Estate market in Columbia Forest, Clair Hills and Vista Hills. While the average sale prices are quite a bit lower than last year the average list price were as well indicating that the drop is not a result of a downturn but a reflection of the properties that have been available.
It has been a much more active start to the year for home sales in Laurelwood. A couple high end sales have skewed the average sale prices a little, as the sample size grows I expect that number to come down but, I am hopeful we will still see an increase from last years averages. Stats are as follows:
Lots of demand and very little supply have meant that homes in Upper Beechwood and Beechwood West continue to sell for more than list price, in a very short (3 day) time frame. While the prices are lower than previous years homes are still selling for more than list price indicating that the drop is a reflection of the homes that have been for sale rather than an overall drop in the market.
The housing market in Beechwood Forest + Highland West was slow in 2018. Just 59 homes sold last year, a drop of almost 25% from the 77 that sold in 2017. Average sales prices wera also down slightly. The average single detached home in the area sold for $551,000 a drop of 2% from the average of $562,000 in 2017. The drop in sales was certainly not due to a lack of demand. More than half of all homes that sold last year (56%), sold at or above full list price and they sold in an average of just 15 days on market. Strategically priced homes are still attra
It was another excellent year for home sales in Forest Heights. A record total of 181 homes sold in the area in 2018 an increase of 1.7% from the 178 that sold in 2017. Sale prices continued to improve. In 2018 the average sale price in the neighbourhood was $486,000 an increase of 6.3% from the average of $457,000 in 2017 and an increase of 43% since the end of 2015. The selling cycle remained quick, homes sold in an average of just 17 days on market and they sold for more than their full list price (101.5%). It should be noted that 60% of the homes sold
The real estate market in Forest Hill was steady in 2018. While the 76 homes that sold in 2018 represented a drop of 14.6% from the 89 that sold in 2017, it was still a busy year. Prices in the neighbourhood continued to rise. The average sale price last year was $494,000, an increase of more than 10% from the average of $448,000 in 2017. The selling cycle remained quick, homes sold in an average of just 17 days on market and they sold for slightly more than their full list price (100.6%). It should be noted that nearly half of the homes that sold in