Oakville, Milton, and District
If you want to sell your Milton house, you may need the services of The Oakville, Milton and District Real Estate Board. This board represents over 1,800 real estate professionals. Therefore, you are assured you can sell your home in Milton faster. Moreover, they subscribe to a strict code of conduct and ethics to ensure you get the best experience. Let us consider the board’s report on home sales.
The October Home Sales
Figures released by the Oakville, Milton and District Real Estate Board(OMDREB) on November 6 showed an increase in sales. According to the figures, the property sales made in October 2020 increased greatly compared to that recorded in October the previous year. Moreover, the monthly property sales totaled 642, representing an increase of 352 from a total of 290 experienced in October 2019.
Property Listings
The OMDREB recorded a large increase in the number of property listings this year. In October 2020, there were 822 new listings in the market compared to the 503 recorded in the previous during the same period.
Richard Weima, the President of OMDREB, says that they had initially had an industry warning that the market would slow in the last half of the year. Instead, they have noticed an increase in the data points and figures. According to him, the year’s challenges of COVID-19 almost prompted an end to any public open houses and reduced social meeting for listing or buying, thus would have adversely affected their market. On the contrary, their market continued to see success, thereby proving it as an incredible real estate market.
The Average Sale Price
In October 2020, Oakville recorded an average sale price for a home as $1,641,392. This figure was a 27.2% increase from the total of 1,290,881 recorded in October 2019. On the other hand, Milton had an average sale price for a home totaling $1,103,050 in October 2020. The figure is a 23.1% increase from the $896,406 average sale price recorded in October 2019. The recent increase in average sale price should therefore motivate you to sell your Milton home or residential property fast with this real estate agent.
According to Richard Weima, the lower interest rates and reduced tenancies for condos have provided an opportunity for buyers who want more spacious property and home lifestyle. The figures make them leave their higher density neighborhoods to these wide, spacious, and open suburban areas. This leads to an increased demand making 2020 another great year for real estate sales in the Oakville, Milton, and District Real Estate market. Furthermore, he explains that the good market condition they're experiencing shall continue into the coming period.
Conclusion
The Oakville, Milton and District Real Estate Board (OMDREB) is a real estate agency that is ready to help individuals sell their homes, houses, or other residential property in Milton and its surrounding. According to Richard Weima, the President of the board, they have continued to experience an increase in their market despite the pandemic. Therefore, choosing to sell your residential property through this board will be a decision worth making.