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For .pdf version, please click here: Milton Monthly – October
Favourable market conditions make prices soar
The average sale price in Milton for September 2019 was $752,800, up 8.9% year over year and the highest figure seen since the “Fair housing plan” was passed by the federal government in the spring of 2017. Volume of transactions also increased to 154 units for the month, up 8.5% year over year. Inventory remains stable at roughly 5 weeks of availability, with a well balanced market for both buyers and sellers. With interest rates continuing their downward trend, the market is leaning towards being a seller’s market in the near future.
Earlier in the year, we wrote about some upcoming high-rise condo projects coming to Milton. The first of which is the CONNECTT project at the SE corner of Derry/Hwy25. A development of modern townhouses and condo apartments, featuring 3 towers (16, 20 and 25 stories), it will be a welcome addition to our growing town as well as a solid investment opportunity. We have access to VIP front of the line purchases for our clients, so make sure to send us a message if you are looking to add to your real estate portfolio. With current market conditions and interest rates, it is a great time to invest.
As always, if you have any questions about anything real estate related, we are never too busy to chat.
Your local Real Estate professionals,
Kyle and Jay