HALTON HILLS HOUSING BLOG

Hi, everyone! Welcome to this week's Halton Hills Housing Update. So, last week's numbers were very promising, but we are actually going in reverse here. Looking at last week's sales, Georgetown only had five sales. That is one of the lowest weeks of the year and is an insanely low number for Georgetown. We do have quite a bit in the sold conditional status but to only see five sales is not great news. Another notable number is our new inventory. We had 22 new listings in Georgetown... [read more]

Hi, everyone! Welcome to this week's Halton Hills housing update. So, we had a very big week last week. The numbers are super surprising, and I am really excited to see where this trend goes in the coming weeks. Looking at sales last week, we had 16 sales in Georgetown. That is our highest number since the start of July, since we have been sitting pretty consistently at 9 to 10 sales per week over the last two and a half months. I believe we had one spike, to 13 or 14, and that was about it... [read more]

Hi, everyone. Welcome to this week's Halton Hills Housing Update. I have August numbers to report today and they are pretty good. August of 2021, we sold 81 units. This past August, we are down 28% to 58 units sold. This is just supporting what's going on in this market. There's tons of stuff to buy and the buyers just aren't buying it so we are down significantly year over year. The better news is average price, we are still up. We're not up from the last few months but we... [read more]

Welcome to this week's Halton Hills Housing Update. Here's a quick market update about what happened last week in Halton Hills. In Georgetown, we had 14 sales, which is the highest number we've seen in a long time. It does feel like the market has sort of picked up. I mean, most of those sales were under 1.2 million. All of them were under 1.5 million, but things are moving. There was 16 new listings, so a high amount of new listings, but we did have 11 properties completely come... [read more]

Great news! Inventory is continuing to drop. This is going to hopefully stabilize us a bit. Looking at the numbers, Georgetown this week had 10 properties sell, which has been pretty consistent week to week. Interestingly, we had 12 new properties hit the market, so not a huge number. You'd think inventory would be up, but it's not. I'll touch on that later. Acton had one sale and three new listings. Glen Williams had no sales but two new listings. Limehouse, no sales, no... [read more]

I feel like I have a positive update this week, especially with where inventory went, so let's dive right in. In Georgetown this week, we had nine sales, which is pretty even with what we've been seeing on a weekly basis the last few weeks. We did have nine new listings, so even listings to sales, but what we saw this week was a lot of properties coming off of the market for whatever reason. They're kind of abandoning ship here on this market. Inventories actually down this week... [read more]

We have July's unofficial numbers but because of the long weekend, I think a few sales may still trickle in. Let's look at July and what happened last week. Taking a look at July of 2021, we sold 93 units and our average price was 1,000,079. I honestly thought we would be behind last year when I looked at this July's numbers, but we're actually up from last year, and we're up from June. In July of 2022, we sold 52 units, which is really bad. It's down 44% since last... [read more]

We had a terrible week with numbers, so we're gonna just take a look at this. In Georgetown this week, we only had six sales. That is a horrific number for Georgetown. The last time we had six sales was the last week of December, and we only had 12 available listings in Georgetown. There was basically nothing to buy, which is why sales were so low. Now we have 125 listings in Georgetown, so 10 times the amount of inventory. There's tons for people to buy, but they're not buying... [read more]

Not a great update this week. I was sort of in a promising state last week where I was hoping that we were seeing the start of inventory coming down, but that was not the case. Looking at the numbers, Georgetown this week only had nine sales, which is pretty low. Seeing under that 10 number is always not great. We had 21 new listings, so again, this is the big problem. Last week, it was so quiet, and I think it was just that last-week-of-summer situation that we were in. Interesting in terms of... [read more]

This week I have June's not great numbers to report as well as an interesting week in our sales, so let's take a look at the numbers. In June of 2021, we were in a very busy market. At that time, we sold 106 units. This past June we are down 28% to only 77 units. Why this is important and is showing what's going on in our market is based around active inventory. In June of 2021, we were sitting between 70 and 80 active units in all of Halton Hills in that month. It's... [read more]

The numbers are definitely still in favour of the buyers. It is not improving in terms of anything going backwards for the summer. In Georgetown this week, we had 10 properties sell & only one of them got over asking. Last week I made a comment that I felt like overasking was going to be something that’s sort of obsolete soon, and I think that’s definitely the case. The one that did get over asking was a $599 land value sort of situation and it only got 50,000 over asking. It... [read more]

The numbers this week are kind of back to the trend we were seeing but still a few silver linings to look at. In Georgetown this week we only had 11 sales which is not a very big week in terms of sales. Weirdly enough, two of them still got over asking. That number is gonna be something probably that becomes obsolete. I don't know when, but it feels like sooner than later. The bad news is there was 17 new listings in Georgetown last week. That means inventory is up. The numbers... [read more]

I think this week's update is pretty interesting. There's some changes that might be indicating that buyers are kind of past letting the dust settle here and might be thinking about reentering the market, so let's talk about the numbers. In Georgetown this week, we had 21 sales. I have been talking for weeks how we sort of stabilized there between 12 and 16. This is the first time since the middle of March that we have seen over 20 sales in a week in Georgetown. That means that... [read more]

Today is a doozy of an update. I have May numbers as well as some pretty crazy weekly numbers, so let's have a look. This is, I think, a really important conversation about our May numbers, because people are losing sight of where we've come from year over year. All they're thinking about is what they've lost since February and March, and they are still not thinking about the big picture. In May of 2021, we had 109 units sell, but our average price was 1,036,348. This year, May... [read more]

No real change this week. Inventory is continuing to just skyrocket. This week in Georgetown, we only had 12 sales. That is a pretty low number for Georgetown. We haven't been seeing a ton of sales overall considering how much we have available, but only 12 sales is very low. Weirdly enough, five of them got over asking. There is still stuff that's getting traction and moving, but overall, it's pretty dead in the water. The bad news: there was 26 new listings, so that is a huge gap.... [read more]

The story's remaining the same here with inventory continuing to climb. Sales are still sort of there, but they have definitely dropped off, so let's look at the numbers. In Georgetown this week, we had 18 properties sell, which is the highest number we've seen in quite some time. The last time we saw that many sales was in the middle of March, so maybe the market's going back. We had 18 sales, so it means some buyers are still there, but again, with some options, we're just... [read more]

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]