Saturday, December 4, 2021

Nov 2021

This Seller's market is incredible!

Homes and condo's sold in under 9 days this month with the majority of those seller's attempting auction/multiple bids, being successful and therefore the extraordinary swift sales results.

Here's the average sales price breakdown by housing type year over year;

                                           Nov'21.                             Nov '20

Det 2-storey.                   $2252000                            $1782000

Det bungalow                 $1663000                            $1140000

Condo apts                     $781000                               $610000

Condo THs                     $864000                               $721000

Freehold THs                 $1395000                             $882000

Semi-det                         $1261000                             $954000

Detached 2-storey homes were up almost 1/2 a point from last month (Oct' 21) and 43% year over year.

Detached bungalows were up 46%

C-apts gained 28%

C-THs were up almost 20%

F-THs were up 58% and

Semi detached gained 32%

Usually semi-detached homes cost more on average than freehold townhomes.  This November in Central Oakville there were a few high end FH THs (one of which sold for $3,000,000) sales which resulted in this change in ranking.

Inventory remains very low with only 105 homes and condo's available for sale. A year ago there were 416.  Expect no let up in this activity.





No comments: