Real Estate Market Statistics and Information

 

Well, that "H E double hockey sticks" year is finally over! The last month of 2020 managed to cap off a roller coaster of a year with a record number of sales. Low-interest rates are fueling a rush into real estate that we haven't seen for years. As we mentioned last month, townhouses and single-family homes are the primary beneficiaries of this sa...

 

November 2020 exceeded everyone's expectations with sales at record or near-record levels in the townhouse and single-family home markets. We're seeing some desperation again for buyers in this present market who have lost out on many multiple offers. It is an especially difficult situation for those with a fixed completion date because of the sale...

 

October kept the momentum of the last 3 or 4 months going with the number of sales close to record levels. A reducing number of available listings may have even blunted the potential for higher levels. November has been much more sedate in contrast with sales trending at about 50% of an equivalent period in October. We'll have to see if this contin...

 

September was a very busy month in real estate in almost all areas. Even the smoke from the fires south of the border couldn't keep the buyers away. Check out the pictures of homes that were listed around the middle of September and there is no blue sky to be seen. I feel bad for those sellers that normally have amazing views from their homes only...

 

Wow! August of 2020 was a "barn burner"! August is usually a sleeper month when many buyers and sellers are on vacation before the school year starts up again. We noticed a short lull of activity at the beginning of August but the rest of the month made up for it.

Increased buyer activity creates upward pressure on prices in REBGV

"The Real Estate Bo...