You may have noticed a slight change in the tempo of the local real estate market in the last few weeks. Have no fear, the Georgian Triangle Market is still strong and doing well.

Here are a few details to keep you informed and up to date with what's happening in your backyard.

  • May’s dollar sales were up 11% over record breaking April, reaching $145,745,804 and 28% over the year previous.
  • Unit sales up a smidge by 1% from last May’s record of 313, while listings were down by 11%
  • May's sales to listing ratio was high at 67%, meaning the market is still slightly tipped to the favour of the seller.
  • More great news for sellers: expired listings are down 54% over last year.
  • Year to date sales for 2017 have reached record breaking heights at $519,337,021, this is even more impressive when paired with the knowledge that there are 16% fewer listings.
  • Finally, the region's average sale price of a single family home is at a whopping $455,959 up 26% over May of 2016! This is great news for local home-owners who have gained tens of thousands in home equity

For more information on your local market, request a full copy of the local market report and we will send it directly to your inbox.

Have questions about the current value of your home in this seller's market? We know a thing or two about valuing homes relative to the market conditions. Get a free home estimate here.