Cliff Barron here, with my weekly real estate update for Milton and Georgetown for the week of May 24th to the 30th. Before I get to it, I have a major announcement to make. I've actually switched brokerages. I've left Sutton and I'm now with Re/Max Real Estate Centre.  A few people over the weekend asked me - why the switch? It's nothing against Sutton - I had a great time there, I really enjoyed being there and they are great people to work with. It's just geographical for me -I needed to get closer to my clients.  I've done so many deals in Halton over the years - close to 500 or so and I thought it would be more beneficial if I switched to an office that caters more to those clients. So... I have an office in Georgetown now, I have an office in Milton and I still have a Re/Max office in Mississauga. I have access to 14 other Re/Max offices around the GTA, which is nice. So, now I've got all the bases covered, which is nice. That's the only reason I switched, it's still me - nothing's changed - I'm still the same likable guy!

So anyway, here are the stats: Milton May 24th to the 30th in 2019, there was 50 sales; in 2020, 25 sales. So that's a really good sign. We've ticked up in the volume of sales over last week.  We had 21 sales, so we went to 25 this week. That's a good thing. That means the volume is increasing. There are still a lot of buyers out there, but the thing is, there are more listings popping up because it's June and right now it's almost like the new spring this year because of what happened with Covid. The weather is nice and people are out! So, there were 10 sales of townhouses, one sale of semis and 14 sales of detached in Milton. The average days on the market for townhouses is 13, three for semis and 25 for detached. They always take a little bit longer because they're in a different price bracket. 10 sales with townhouses, average $723,000, semis $852,000 and detached $914,000. We also ticked up in condo sales as well. In 2019, we had nine sales and in 2020 six sales, so we passed the 50% threshold, which is nice. And then if you look at the week over week, we had eight detached sold in Milton as opposed to 14 now. So, things have definitely gone up and the price has pretty much stayed the same. They haven't really changed a lot. 

So there it is - the volume of sales has gone up, but it's not like all of a sudden we're selling over asking for 2 or 3 or 5%, like we were early March - that's kind of gone. So on to Georgetown:  May 24th to 30th in 2019, we had 17 sales and in 2020, 9 sales. So we've passed the 50% threshold there, which is good. And all were detached sold this week in Georgetown - there was no sales of semis or towns. The average detached was $844,000 and the average days on the market was nine, basically the same as last week. The volume has gone up but prices are still the same.  And something interesting - the days on the market have actually ticked down a little bit. Two weeks ago, the days on the market was 20 on average and this week, nine. So that's a good thing. Things are improving, prices aren't going up, but things are improving. The volume of sales are going up - people are feeling a little bit more confident, a little bit better about what's going on.  I think it's because of getting out there in the fresh air and not being as scared as they were. We have a better understanding of what this disease is and this pandemic is. 

If you have any questions, please get in touch -I'd be happy to help! Stay safe.