Throughout May, Ontario continued to be under a Stay at Home Order, but that didn’t prevent people from searching for their new home.
Five full months into 2021 Acton’s real estate market still showed a strong increase of 30 percent over the same timeframe in 2020 with a 73 percent increase in the number of sales with 102 sales – year to date.
Here are Acton specific statistics to consider for the period of May, 1 – May 31, 2021;
21 homes sold firm at an average of 108% of asking price.
It took an average of 9 days on the market to sell firm.
Average sale price in Acton - $870,818
Lowest sale price - $428,000
Highest sale price - $1,152,000
Contrasting with May 2020;
11 homes sold firm at an average of 99% of asking price
It took an average of 21 days on the market to sell firm
Average sale price in Acton - $689,591
Lowest sale price - $430,000
Highest sale price - $1,000,000
A growing trend I’ve noted in real estate is that buyers have started refusing to intentionally compete for a home when an offer date is set. In some circumstances the offer date will pass and a buyer will show up the day after with an offer – just to avoid competing. Sometimes this works out, sometimes the seller decides to re-list at a higher price. I truly think that we are in between waves in the market and it can be really tough to navigate, relying on an experienced Real Estate Salesperson or Broker to guide you through the process is in your best interests.
Sarah Brophy-Platts Owner & Broker Royal LePage Escarpment Mobile 905.699.3687
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