Halton Hills Housing Update - Ep.237

Welcome to this week's Halton Hills housing update! The market is still moving despite it being December and I believe that the back end issues we’ve been having are fixed! So, looking at what happened in Georgetown last week, we had nine sales which is a really strong number for December! The bad news though is that we are still seeing new listings, although it’s definitely less than in previous months. If the numbers are accurate, we had eight new listings, so it was pretty even with the number of sales. We really want to see this number completely drop off though so that we can go into January in a more balanced market. In Acton this week, there were two sales and four new listings. Inventory climbing isn’t ideal but it’s still a lot softer than in previous months. Glen Williams and Limehouse both had no sales and no new listings and the rural market had no sales but two new listings. One important thing to note this week is that we had 11 properties terminate this week and not re-enter! We want to continue to see this number be a double digit because it helps to dramatically decrease our inventory. 

Looking at our active listings, all of Halton Hills is down significantly this week to 160 active listings. We are heading in the right direction and once we’re under 150, we will likely start to feel a little bit of scarcity in some of our price points. In Georgetown, we are down from 99 to 94 active listings, so the numbers are continuing to soften! We still have a bit to go in order for the market to feel hot but we’re definitely heading in the right direction! So, looking at our price points, under $800,000 remained the same this week at 12 active listings. Eight hundred thousand to a million is down from 18 to 17. One to 1.5 million is down from 40 to 39 and 1.5 million plus is down from 29 to 26 active listings. So, these numbers are definitely a lot lower than they were in the summer and there’s still room to go. Another thing I want to mention is that when I do these updates, I don’t include any “new build” construction as they aren’t a part of the resale market. With that being said, the condos at 42 Mill St have finally closed and there are quite a few units for sale in there, so I am now including them in our count. Without them we’d be down another 6-8 properties so it just further shows that our market is heading in the right direction!

Acton is up this week to 19 listings but is still a lot lower than what we saw in the summer so we’ll take it! Glen Williams is down from 8 to 7 active listings. Now, Limehouse is the community that was most impacted by the system merger and now a lot of the Limehouse properties are being categorized under “rural Halton Hills”. This makes it super difficult to give you an accurate number of listings so moving forward I think we might have to group Limehouse with Rural. With that being said, according to the system, there is one listing in Limehouse (I think it’s more like 4-5) and the rural market is down from 44 to 39 active listings. We had a bunch of terminations in the rural market this week. 

So, I would say that our market is moving really well for December! Our sales have not completely dropped off and we’re actually seeing a decent number. The only negative thing is that we’re still seeing new listings and normally by this time of year that’s not the case. We are seeing sales and terminations though so it’s helping bring our inventory down! I’m taking this as a good December so far. So, I’ll be back on Tuesday, have a great week!