HALTON HILLS HOUSING BLOG

Welcome to this week's Halton Hills Housing Update. We are just getting slammed with inventory. I cannot believe the numbers this week, so let's have a look. In Georgetown this week, we had 15 sales. Again, totally stabilizing on that number. It's like 14, 15, 16, the last four weeks, so we are really kind of at that this is how many houses we sell every week. Interestingly, 11 of them got over asking, so that's kind of a surprise to me, but there is a lot of stuff sitting. My... [read more]

Welcome to this weeks Halton hills housing update. So much interesting things happened this week, so let’s dive in. Georgetown this week had 16 sales. For the last 4-5 weeks we’ve been pretty consistent with our sales. We’ve been between 12-16 sales which really is indicating that that’s where our market should be in terms of sales every week, and we’ve really stabilized on that number. Another interesting point is that only 4 of those for over asking, so we are... [read more]

Welcome to this weeks Halton hills housing update. Today we are going to look at April’s unofficial numbers. There might be a few things that still trickle in, but the numbers are really interesting and showing major signs towards what we’ve been talking about & the fact that we’re leaving that sellers market. In April of 2021 we sold 147 units. In April of 2022 we sold 91 units, so that is down 38%. What’s more interesting is the months where we have been down units... [read more]

Welcome to this week's Halton Hills housing update. I said it last week, but we are officially leaving the crazy market that we were in. The numbers are pretty staggering. I'm still kind of in shock that this all happened so quickly, but let's take a look at what's happening. In Georgetown this week, we had 14 sales. Again, we've been talking about how this is a sign that the market's stabilizing, because we actually have things, like tons of things that you can buy, and... [read more]

Welcome to this week's Halton Hills housing update. We are definitely still in our transition out of our sellers market. The numbers are not as crazy this week, as they were last week, but, still lots to talk about. In Georgetown this week, we only had 11 sales. Like I mentioned last week, this is a big indicator of things changing, because, we were seeing really high sales, when we had inventory come on the market, because there were so many buyers, and everything would just be purchased,... [read more]

Welcome to this week's Halton Hills housing update. So I am in almost shock and disbelief at where the numbers are this week. We have seen a dramatic change in the last four weeks, and I think it is safe to say, we are officially leaving our sellers market, and transitioning, I think it's a buyer's market in some pockets right now. So this is a huge change, let's look at the numbers. In Georgetown this week, we had 16 sales. This is another interesting thing is, our... [read more]

Welcome to this week's Halton Hills Housing Update. So, lots to cover this week, including March numbers, so let's jump right in. In March of 2021, we sold 159 units, and this month, we are down to 119 units in March of 2022. So that's down 26%, huge drop in comparison. I mean, we still saw inventory struggles, especially the first half of March. So, no huge surprise. Looking at our average price though. In March of 2021, our average price was 1,142,000. This is unofficial, because... [read more]

Welcome to this week's Halton Hills housing update. So this was a big week, this week, again for inventory increasing, but also for properties that didn't have much success on offer night and had to readjust their strategy. So we'll look at all those things today. In Georgetown this week, we had 15 sales. 13 of them got over asking, so still lots of activity out there, but I was actually surprised to not see a higher sales number given that we had a bunch of new listings last week.... [read more]

Welcome to this week's Halton Hills Housing Update. So, we are still seeing the market moving pretty good. We are seeing a lot of new listings, but again with the backlog of buyers that we have, we are still seeing a ton of sales too. So let's look at the numbers. In Georgetown this week, we had 15 properties sell, all of them sold over asking. So there still is this demand. Again, things are sort of in this in between. We did see stuff terminate and come off, but it's kind of an in... [read more]

Welcome to this week's Halton Hills housing update. So really interesting update today, I think. Last week, we felt things changing, and I've got some interesting things to talk about today, in terms of relisting, adjusting prices, and everything that's been happening if a property is not getting what they were hoping. So let's look at the numbers. In Georgetown this week, we had 22 sales, which is a really high number, no surprise. There's been lots coming on. 20 of them... [read more]

Welcome to this week's Halton Hills housing update. So things are still slowly changing but I definitely think it's safe to say we are in a different kind of trend and trending in a different way than we have been. It's slight but I think it's happening, so let's take a look at the numbers. In Georgetown this week, we had 19 sales which is a great number for sales in Georgetown. It means that inventory is actually here and people have something to buy. 17 of them got over... [read more]

Welcome to this week's Halton Hills housing update. So I have February's unofficial numbers as well as what happened last week so let's dive in. In February of 2021 we sold 79 units and our average price was 1.117. This month we, in February of 2022, we sold 88 units. So that's up 11%. And that supports what I've been saying that our inventory is higher than it would normally be. So because there's things to buy our units that sold is up. No surprise there. In terms of... [read more]

Welcome to this week's Halton Hills Housing Update. So, I hope you had a great Family Day yesterday and the numbers are gonna be a bit skewed this week because offices were closed yesterday. So, some of the sales reporting is a little bit delayed but the numbers still are very favorable, in terms of indicating that the market is changing a bit. So, Georgetown this week, had 15 sales. 15 of them got over asking price. Couple of notables, this is almost comical to me. A house in Georgetown... [read more]

Welcome to this week's Halton Hills housing update. So we've got some good news in terms of inventory this week, so yay, but I anticipate it won't last too long but let's just take this week, 'cause it's actually really refreshing to see where the numbers are this week. So, in Georgetown this week we had 13 sales. 13 of them got over asking. Lots of them got between 200 and $400,000 over asking. I literally cannot wait for the day when I don't have to tell you that... [read more]

Welcome to this week's Halton Hills housing update. So the numbers that we are seeing are still staggering. So let's take a look. In Georgetown this week we had 16 sales, which is a really good number for Georgetown. That has everything to do with the fact that we actually are getting inventory for people to buy. I mean, if there was a unlimited inventory right now you know our sales would be 20, 30, 40 a week, but there's not a lot to buy. So it's still keeping the sales... [read more]

Welcome to this week's "Halton Hills Housing Update." So I have last week's numbers, but more notably, let's talk about our January-over-January numbers. We probably still have a sale or two that's gonna trickle in today that I'm not gonna capture in these numbers to have the official-official January numbers, but these are pretty close. So in January of 2021, we sold 50 units, and in January of 2022, we sold 49. So basically the same amount of units. We have had... [read more]

Welcome to this week's Halton Hills housing update. So the numbers are just getting like grosser. Is that even a word? I don't know, but like the numbers we're seeing are really crazy and it started that first week of January. And honestly, like it's not slowing down and some of the sales we reported this week are staggering. So let's look at what happened this week in Halton Hills. In Georgetown this week, we only had eight property sell, but let's talk about those... [read more]

  Welcome to this week's Halton Hills housing update. So what we're seeing right now is complete and total insanity. The prices are crazy. The showings are crazy. The offers are crazy. This is really setting us up for another wild year in real estate. So let's look at the numbers. In Georgetown this week, we had eight properties sell. Again, those numbers are staying pretty conservatively low because we have nothing for people to buy. Six of them sold over... [read more]

Welcome to this week's Halton Hills Housing Update. So we are less than two weeks into 2022 and the writing is on the wall, I think, that this year is going to somehow be worse than 2021. A lot of people think agents enjoy this kind of market, but I think I can speak for a lot of us when saying this is not fun. Our buyers are frustrated and it's a lot of work, and it's a lot to deal with. This market is just not giving up right now. Let's look at the numbers, but honestly, I... [read more]

  Here are my predictions for the 2022 real estate market. This time last year, I really thought that by the end of 2021 we would be in a more balanced market, but we ended the year in a worse spot than where we started. As it stands, I personally have dozens of buyers who are ready to pull the trigger and buy a home, but there is nothing for them to buy. And then it's getting into this vicious cycle of them not being able to list the homes they're currently in because... [read more]

Welcome to the first Halton Hills Housing Update of 2022. And this is my 100th episode of this market update, which I think is a bit crazy. I started this almost two years ago, and obviously, a lot has happened since then. So I just want to thank you for tuning in every week. I love doing this and I love the conversations that are had with the people that watch this. So thank you again for supporting me. 100 episodes, feels crazy. So second, Happy New Year. I hope you all had a great holiday.... [read more]