MAKING oxymetholone buy in australia online SENSE OF THE NOVEMBER NUMBERS

In so many ways, 2020 has been a year unlike any other. When it comes to real estate, the ongoing COVID-19 pandemic first hindered the market—then led to a strong rebound. The results have been unexpectedly high (and even record-breaking) numbers. Here, we’ll take a look at the latest figures.

In November, there were a reported 8,766 sales—24.3 per cent more than we saw during the same month of last year. The average price across all home types was $955,615, up 13.3%. These year-over-year increases are very similar to those we saw in October.

Detached sales were up 19.3% (it was 19.6% the previous month). For semi-detached properties and townhomes, average prices jumped even further (36% and 24% respectively since last November). In contrast, condo sales essentially remained flat.

As was the case in October, there was no shortage of new condo listings on the market. That continues to mean that buyers had more options than usual. Overall, future condo sellers have reason to feel optimistic about their returns—especially as inroads are made toward widespread vaccinations!

LOOKING CLOSELY AT THE LUXURY MARKET

Now, let’s take a look at what’s happening in the luxury market, beginning with the detached segment. The benchmark price was $2,500,000—exactly the same figure we saw last month. The median sale price was $3,150,000 (up 2%).

In some ways, the picture looked much the same in November as it did in October. That was the case with the median sale to list price ratio, which was 96.05% last month and 97.05% the one before. Along with the similarities, there were some noteworthy changes.

We saw 21% fewer home sales in the luxury detached segment in November than during the month before. There was also 22% less inventory. Having said that, it was a seller’s market on the whole.

In the condo market, the benchmark was $915,000 (down 10% from October), while the median was $1,130,000. When it came to market activity, there were 233 sales in November—many more than we saw in the luxury detached segment (107). On the whole, it was a seller’s market for high-end condos.

The luxury market has remained relatively strong throughout the last year. It seems that pandemic-related lifestyle changes led to a need (for those who could afford it) to buy more space and ultra-comfortable amenities.

WHEN IT’S TIME TO MAKE YOUR MOVE…

Ramping up to buy your next home? Preparing to sell a property? If you’re thinking of making a real estate purchase or sale, understanding the market is key. I can help you make current conditions work for you. Reach out today to get started!