Real estate statistics for October remain strong and show we are blasting out of the recession. Toronto, Oakville, Milton, Burlington and Hamilton markets are all showing significant increases in both units sold and average prices. Also, houses are staying on the market for shorter periods of time and sellers are getting close to their asking prices. Looking at the rate of which houses are selling, it is clear the market has now balanced and whether you are a seller or a buyer, now is a great time to get into real estate.
Toronto Real Estate Board - Units sold are up 28% and average prices are up 10%.
Hamilton/Burlington Board - Units sold are up 20% and average prices up 2.6%
Oakville/Milton Board - Units sold are up 22% and average prices are up 14%
Burlington Market - Units sold are up 20% and average prices are up 5%
Oakville Market - Units sold are up 36% and average prices are up 16%
Milton Market - Units sold are up 29% and average prices are up 7%
Remember! It is important to look at your specific neighbourhood to see how your local market is moving. For more information, Click Here. For a complete and detailed report on real estate stats in your neighbourhood, please send me a brief message letting me know the neighbourhood in which you live and I will be sure to get you a report sent out right away!
FREE HOME EVALUATIONS!
If you are thinking about selling, but just aren’t sure what you could list your home for, give me a call and I can come over and provide you and your family with a free home and neighbourhood evaluation.
For more information on buying or selling real estate in Burlington, Hamilton, Oakville, or Toronto Ontario, or if you have questions about current market trends, mortgages or interest rate information, please visit the Sean Kavanagh Real Estate Resource Centre at www.seansells.ca, or at www.seankavanagh.ca I'd be happy to answer any questions to accommodate all of your real estate needs. Follow me on TWITTER or FACEBOOK! You can also contact me at 905-220-9198 or at www.realestatechat.ca as I am now a moderator on the Ontario Real Estate chat forum as well as the Burlington, Ontario sub-forum.
I look forward to hearing from you!
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