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

The real estate market in Westvale remained slow through the 4th quarter of 2018.  The last three months of the year saw 20 homes sold in the area bringing the total for the year to 83 homes, a drop of 15.3% from the 98 that sold in 2017.  Prices continued to increase.  In 2018 the average sale price in the neighbourhood was $545,000 an increase of 2.4% from the average of $532,000 in 2017.  The selling cycle remained quick, homes sold in an average of just 18 days on market and they sold slightly more than their full list price (100.7%).   It should be noted t

The real estate market in Eastbridge remained slow through the 4th quarter of 2018.  The last three months of the year saw 14 homes sold in the area bringing the total for the year to 64 homes, a drop of 20% from the 80 that sold in 2017.  Prices were also down slightly, in 2018 the average sale price in the neighbourhood was $616,000 a 4.6% drop from the average of $646,000 in 2017.  The selling cycle remained quick, homes sold in an average of just 15 days on market and homes sold for slightly more than full list price (100.8%).  It should be noted that 63% of the home

The real estate market in Conservation Meadows remained slow through the 4th quarter of 2018.  The last three months of the year saw 5 homes sold in the area bringing the total for the year to 20 homes, a drop of 25.9% from the 27 that sold in 2017.  Prices were also down slightly, in 2018 the average sale price in the neighbourhood was 

It was another strong year for home sales in Beechwood and Maple Hills.  Average sale prices in the neighbourhood continued to rise.  Homes in the area sold for an average of $654,000 and increase of more than 7% from the average of $610,000 in 2017 and an increase of more than 42% from the average at the end of 2015.  It should be noted that a third of the homes sold in the area last year were sold at or above their full list price.  Strategically priced homes are still attracting multiple offers with limited conditions.  The number of homes sold was down slightly,

While most neighbourhoods in West Waterloo suffered a significant drop in the volume of sales and a slight drop in average sale price last year that was not the case in Columbia Forest, Clair Hills and Vista Hills.   Sales held steady with 135 homes sold an increase of 1.5% from the 133 sold in 2017.  Average sale prices were up as well.  Last year the average sale price in the neighbourhood was $635,000 an increase of 0.5% from the average of $632,000 in 2017.  While bidding wars are no longer the norm, one third of all sales in the area last year were at, or above