Statistics

 

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...

 

July 2020 continued on the same trend as the previous month as the pent-up buying and selling demand continued and accelerated the strong market activity. We have noticed a slight decrease in activity over the month of August over the previous weeks. It is probably due to many people taking advantage of the last weeks of summer to go out of town or...

 

2020 is certainly the year of surprises. As a wise man said who was asked what his New Year's Resolution is for this year: "To survive 2020."

The cork finally popped which was holding back all the pent-up buying demand in the market. As usual, though, the best prepared and best-priced properties are being sold in multiple offers, much as we have se...