December’s real estate market continued to show strong activity and increased prices. While Halton was in the Red Zone for COVID19 restrictions, it continued to be a hot spot for buyers coming from Peel and Toronto Regions. December 26 saw our entire province go into the Grey Lockdown Zone; leaving the real estate industry as an essential service to continue to meet the needs to one of the most essential human needs – home.
Acton’s real estate market increased a whopping 21 percent over the same month last year, and home prices are up by 18 percent over the average sale price for 2019.
Here are Acton specific statistics to consider for the period of December, 1 – December, 31, 2020;
Seven homes sold firm at an average of 102 percent of asking price.
It took an average of 18 days on the market to sell firm.
Average sale price in Acton - $669,429
Lowest sale price - $580,000
Highest sale price - $720,000
Contrasting with December 2019;
Seven homes sold firm at an average of 101 percent of asking price
It took an average of 15 days on the market to sell firm
Average sale price in Acton - $552,771
Lowest sale price - $319,900
Highest sale price - $900,000
The market numbers for Acton in 2020 are as follows;
186 homes sold firm at an average of 101 percent of asking price.
It took an average of 17 days on the market to sell firm.
Average sale price in Acton - $686,744
Lowest sale price - $290,000 for a condo apartment
Highest sale price - $1,150,000 for a five bedroom detached home
The average sale price for 2020 is up 15.3 percent over 2019
Six percent more sales were made in 2020 over 2019
As we welcome 2021, the real estate industry will continue to serve the needs of the community as an essential service although it may not be ‘business as normal’ for us. Increased emphasis will be put on the virtual abilities including virtual tours, electronic signatures, virtual showings to guide us through the remainder of the COVID19 Lockdown.
Don’t ever hesitate to reach out if you have any questions about the local real estate market.
May the New Year bring Peace and Prosperity to you and your family.
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