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KEVIN JONES's blog
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July was an unusually excellent month for home sales in Upper Beechwood and Beechwood West. Seven homes sold in July bringing the total for the year to 28. The average selling price so far this year has been $919,000 well ahead of the average of $777,000 during the same period in 2017. Homes are still selling quickly and for (on average) more than list price.
Well we have reached the mid-point in the year and the housing market remains strong but slow. Five homes sold in Upper Beechwood and Beechwood West in June which was an improvement from the four that sold last year but still well behind the 10 that sold in June of 2017. Year to date we have had 21 sales in the neighbourhood with an average selling price of $894,000.
It has been a slow start to the year for home sales in Forest Heights. April saw just 19 home sold in the area bringing the total for the year to 47 which is well off of the 69 that sold during the same period last year. Prices continued to rise. The average sale price through the first four months of the year was $522,000 an increase of almost 8% from the average of $484,000 in 2018.
Six homes sold in Beechwood and Maple Hills in April brining the total for the year to 18 homes. This is down slightly from last years total of 19 but significantly from the total of 24 that sold during the same period in 2017. The average sale price was $679,000 again, down from last years average of $699,000 but significantly higher than the average of $601,000. I don’t believe the drop is a result of a softening in the market, I think it is a reflection of the properties that were available for sale. The average list price was quite a bit lower than last yea
Thirteen homes sold in the area in April bringing the total for the year to 40 which is up from the 36 that sold last year but down from the 52 that sold during the same period in 2017. Overall prices have come down slightly, the average sale price this year is $631,000 down from $661,000 at the peak of the market in 2017.