Do you want content like this delivered to your inbox?
Share
Share

Our insights on current market conditions

Jon Van Geest

Jon is a sales representative and co-founder of The Bright Realty Team, based out of Keller Williams Edge Realty in Burlington...

Jon is a sales representative and co-founder of The Bright Realty Team, based out of Keller Williams Edge Realty in Burlington...

Oct 24 2 minutes read

Market sales activity for the month of February are in!

Quick recap; the first 5 months of sales activity in 2017 were the craziest anyone had ever seen, with record low inventory levels and elevated sales prices. With the announcement of the Fair Housing Plan in May 2017, Seller FOMO occurred and the market was flooded with an over supply; pushing days on market up and average sales prices down.

You can expect to see the annual averages down until June 2018, which is exactly one year after the much needed regulations came into effect. Now, after the second government policy has come into effect, sales have decreased once more. Whether this is a lasting pattern is still to be seen.  

On the flip side, the last 6 months of 2017 saw an average decrease of 10% in homes values BUT, the average sales price for the first 2 months of 2018 is 2.13% higher. Safe to say, we are in a balanced market.  

Curious for more stats on your neighbourhood? Call or message us today for a complimentary market evaluation.

Office: 289-288-2126
Email: [email protected]

We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies. More info

Terms of Use

This website is operated by Ian McSporran, a Salesperson who is a member of The Canadian Real Estate Association (CREA). The content on this website is owned or controlled by CREA. By accessing this website, the user agrees to be bound by these terms of use as amended from time to time, and agrees that these terms of use constitute a binding contract between the user, Ian McSporran, and CREA.

Copyright

The content on this website is protected by copyright and other laws, and is intended solely for the private, non-commercial use by individuals. Any other reproduction, distribution or use of the content, in whole or in part, is specifically prohibited. Prohibited uses include commercial use, “screen scraping”, “database scraping”, and any other activity intended to collect, store, reorganize or manipulate the content of this website.

Trademarks

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA’s By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the professional real estate services provided by members of CREA.

Liability and Warranty Disclaimer

The information contained on this website is based in whole or in part on information that is provided by members of CREA, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members, and assumes no responsibility for its completeness or accuracy.

Amendments

Ian McSporran may at any time amend these Terms of Use by updating this posting. All users of this site are bound by these amendments should they wish to continue accessing the website, and should therefore periodically visit this page to review any and all such amendments.