Where Are Buyers Moving From? February 23, 2021

Cliff Barron from Remax here with my update for Milton, Georgetown & Glen Williams, February 14th to the 20th, 2021. 

So, what's going on in the market?  It's still busy. It started to slow a little bit, well not really slow but kind of just evened out a little bit. I've noticed the days on the market are starting to actually increase a little, which is unusual. And the number of offers on properties is starting to decrease, which is unusual.  So that's good news. 

I get the question quite often these days - I see it online, I get asked in person:  "Where the heck are buyers coming from?"  If they're moving to Georgetown, moving to Milton, where are they coming from? Well, I can tell you definitively (that's a big word for me, by the way) that they're moving from Milton, they're moving from Mississauga, moving from Toronto because they want some more property. That's a big thing. And Georgetown is still a nice little community. And then Milton - they're moving from Milton to Georgetown but moving to Milton from Mississauga, Brampton, and Toronto as well.  It's been Mississauga and Brampton forever. There's nothing kind of new there, but people in Georgetown and Milton, where are they going? They're leaving town.  Milton - they're going to Georgetown. Georgetown - they're going to Fergus. They're going to Guelph. They're going to Kitchener, Cambridge. They're cashing in and they're leaving. They're moving to smaller towns, even cottages too.  I've found that a lot recently where people are leaving, you know, they have a cottage they've owned it for years and now it's time to kind of settle down and retire. Selling the big place in Georgetown and moving the cottage, which isn't a bad idea too. A lot of people are doing that and now that you can work from home, why not? 

So let's get into the the stats for Milton, February 14th to the 20th, 2021. Still busy, like I was saying, but not quite as much.  Let's see, 17 sales of detached, two-stories, $1.26M on average. Bungalows, 5 sales. Bungalows being backsplits, that sort of stuff -kind of like old Milton. 5 sales, $1.138M on average. So that's pretty high. 16 townhouses, (there's always tons of townhouses in Milton that sell) $895k on average. And semis, check this out, $995k on average, 7 sales of semis sold. Semis in Milton are almost a million bucks now. Isn't that crazy? Who would've thought?  I was selling semis back like 15 years ago in Milton - $250, $260, $270k. Now, now they're almost a million. So they've almost quadrupled over the years. And then condo towns, there were 3 sales, $687k on average for condo townhouses and only 3 sales of condos, $540k on average. Condos in Milton are interesting because they're doing well. I have buyers looking in other areas where it's like the gap. You know, you move to a condo in Etobicoke, it's cheaper to be in Etobicoke than it is in Milton (for a condo). Who knew? It makes no sense, but take while you got it. 

So, let's see, Georgetown and Glen Williams, February 14th to the 20th - like I said a few minutes ago, detached two-story, 9 sales, $1.188M on average. Bungalows and side splits, $901k on average, 2 sales. Townhouses, there was only 1 sale at $753k, that was on Mullen, I think it was. And 2 sales of semis, $891k on average. And they're getting up there as well. Then there's only 1 condo town on Stewart McLaren that sold for $505k but it was a small one. They usually go a lot higher than that. 

So that's it for my weekly update. Any questions? Let me know. If you want some more detailed stats about your actual house or address or anything like that, let me know. I'm always around. Send me a DM, PM, instant message, or whatever you want. A phone call, text, anything and I'll be happy to help you out. 

So thanks again. We're almost out of this. So stay safe, take care.