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Late fall market still feeling the heat - The reality of realty in a pandemic - Part IX

November’s real estate market brought a continued increase in market value and an resurgence of activity as the Provincial Government locked down the Toronto and Peel Regions. The lockdown seems to have encouraged people living in those areas to reconsider where they are living, feeling a stronger urge to get out of the city and into the country.


In November, Acton’s real estate market increased a whopping 29 percent over the same month last year, and year to date home prices are up by 18 percent over the average sale price for 2019 making this year’s year to date average sale price $717,186.


Here are Acton specific statistics to consider for the period of November, 1 – November, 30, 2020;

  • 10 homes sold firm at an average of 103 percent of asking price. It took an average of 9 days on the market to sell firm.

  • Average sale price in Acton - $711,890

  • Lowest sale price - $465,000

  • Highest sale price - $875,000


Contrasting with November 2019;

  • 9 homes sold firm at an average of 100 percent of asking price

  • It took an average of 24 days on the market to sell firm

  • Average sale price in Acton - $552,000

  • Lowest sale price - $365,000

  • Highest sale price - $660,000


Going into the Holidays, I continue to see buyers coming to the Halton Hills and Wellington areas and buying at a faster rate with lower days on the market than in October. I hope that everyone stays safe and enjoys their upcoming holidays. As this is the final monthly market update for 2020, I wish everyone a 2021 that’s more peaceful than 2020 has been to us.



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