2020 was a year most people would like to forget. However, if you're a homeowner, you might want to look at the bright side of things by looking and the growth in home equity you experienced through
June 2020 - Market Update
Dated: July 6 2020
Views: 657
June 2020 Real Estate Sales
| Market | #of Sales | Change | Average Sale Price | Change |
| Fort Erie | 66 | πΌ21 | $484,270 | π½2.03% |
| Central Avenue | 15 | πΌ7 | $344,967 | π½6.97% |
| Crystal Beach | 13 | πΌ8 | $491,417 | πΌ10.73% |
| Crescent Park | 12 | π½4 | $485,875 | π½16.63% |
| Ridgeway | 17 | πΌ5 | $587,612 | πΌ18.72% |
| Stevensville | 3 | πΌ1 | $495,000 | πΌ22.00% |
| Port Colborne | 22 | πΌ4 | $366,245 | π½9.78% |
| Durham (East Side) | 6 | πΌ4 | $267,750 | π½25.42% |
| Highway 58 & Main St | 9 | πΌ3 | $386,822 | πΌ11.32% |
| Sherkston & Bethel | 1 | π½4 | $345,000 | π½24.84% |
| Sugarloaf | 5 | πΈ0 | $379,400 | π½14.16% |
What a month June was. About mid-way through the month, activity started to increase significantly. Old listings started to sell, and we moved into a strong seller's market.
At first glance, the average sale price in many markets decreased, that's not because of the average price is going down, however. Homes have started to sell for over asking price on several instances and the market is ticking upward at a fairly rapid pace. With the number of sales increasing, the average price usually moves slightly downward as the market is correcting listings are hitting the market.
I anticipate a very busy July 2020. I'm excited to see how it pans out as we move back to some normalcy following the reopening of the economy. Stay safe!
Mike Reles
I believe that real estate is personal. Not only is it the most meaningful investment in your life, but your home is also the place where you create memories with the people that you care about most. ....
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June 2020 Real Estate SalesMarket#of SalesChangeAverage Sale PriceChangeFort Erie66πΌ21$484,270π½2.03%Central Avenue15πΌ7$344,967π½6.97%Crystal Beach13πΌ8$491,417πΌ10.73%Crescentπ
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