We’re into September, the kids are back at school and everyone is getting back into their routines.
Even with the Labour Day long weekend and a short week, 11 homes sold firm and another 6 sold conditionally in Halton Hills.
That’s 17 homes finding buyers in a week when we would normally expect things to be a little quieter.
Inventory has also dropped again. We’re now at 255 homes for sale in Halton Hills.
So people are still moving.
What Happened in Halton Hills Last Week?
• 30 new listings
• 11 homes sold
• 6 sold conditionally
• 15 homes came off the market
• 4 price changes
• Average sold price: $812,891
• Homes sold at 98% of asking price
• Median days on market: 19
That average price is quite a bit lower than we've seen some weeks, but with only 11 firm sales, I wouldn't use one week's average to say home values suddenly dropped. The homes sold last week ranged from $275,000 to $1.3 million, so the mix of properties sold has a big impact on the weekly average.
Want to Be Moved Before Winter?
Now that we're into September, this is something worth thinking about.
If you want to be living in your next home before winter, now is the time to start planning.
That doesn't mean you need to buy a house this weekend or put a sign on your lawn tomorrow.
It means figuring out what you want to do and working backwards from there.
If You're Buying
If you'd like to be in a new home before winter, start looking now.
It can take time to find the right house, negotiate an offer and work through your conditions. Add a typical 60 to 90 day closing and suddenly we're getting pretty close to December.
Inventory is currently at 255 homes in Halton Hills, so there are still options, but you don't want to feel rushed into buying something simply because you've run out of time.
If You're Selling
The same timing applies.
If you know you want to move this year, September is the time to start getting things ready.
That doesn't mean listing tomorrow.
Find out what your home is worth. Figure out what needs to be done before you sell. Understand your equity and what you can realistically do with it. Then you can make a decision based on your life instead of trying to rush everything later.
There's still lots of time to make a move this year.
Just don't wait until November to start thinking about it : )
I'll be back next week.
If you have a question, send me an email.
Michelle Bell
Sell with Bell
416-432-2009
Serving Georgetown, Acton, Glen Williams, Halton Hills, Oakville and the west GTA.
