Milton Area Monthly Real Estate Sales

DECEMBER 10TH, 2011
MILTON AREA MONTHLY SALES

MONTH       SALES/#ACTIVE LISTINGS =  MONTH SUPPLY    OCCUPANCIES
NOV./10          104                 192                               1.85                          136
DEC./10            70                    76                               1.09                           N/A
JAN./11              88                 158                                1.73                        130
FEB.                   66                 119                                 1.80                        116
MARCH           183                 240                                 1.31                        151
APRIL              166                 307                                 1.85                        143
MAY                  217                 290                                 1.34                        198
JUNE              206                 240                                  1.16                          84
JULY               140                 238                                   1.70                         98
AUGUST        160                 240                                   1.50                       125
SEPT              191                 270                                   1.41                         80
OCTOBER     154                263                                    1.70                      104
NOVEMBER   126               248                                     1.97                      101
DECEMBER     89               148                                     1.66                        81

Note: 81 occupanies in 31 days = 2.61 families per day moving.
2011 New home occupancies - 1408 homes total for 2011. Average of 3.85 families per day in 365 days moving into Milton.
*Information from Oakville-Milton&Toronto Real Estate Boards.

Improving winter market with increasing sales and listings compared to previous year. Note monthly supply on market.

Median price (12/11) $379,900 1/2 above & 1/2 below sales.
Median price (12/10) $377,500 = +0.6% average increase.
Lowest urban sale $225,000 for an older 3 bedroom condo townhouse
Highest urban sale $660,000 for a custom 3 bedroom bungalow.
 
SELLERS MARKET: Still under a 2 month supply on market with more sales and listings than December 2010.

December new home permits issued - 8 homes. Total of 1893 new home permits for 2011. December 2010 total was 1418 homes.
December new home applications 359 homes compared to 118 homes in December 2010.

Information provided by:
Colin Best
BEST APPRAISALS 905-691-5057

Lisa Roach

Lisa Roach

REALTORĀ®
CENTURY 21 Future Realty Inc., Brokerage*
Contact Me

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