Prepare Your Home for Winter
October 26, 2021
The Market Has Lost its Steam! Time to fall in love with your next home or investment property!
Smith-Dobrowky Team Fall 2021 Newsletter
October 26, 2021
Hamilton/Burlington Market Update
The Burlington/Hamilton market saw a 30% drop in home sales vs a year ago. The average price was $991,650 which was in increase of nearly 5% vs August and an increase of 22% vs. September 2020. We are trending again into a strong sellers’ market again this fall with low inventories once again being an issue.
Key Findings for Burlington/Hamilton
30% drop in home sales vs. a year ago
Home Price Index up to $991,650. Year-over-year increase of 26.9%.
Oakville/Milton Market Update
The number of homes sold saw a substantial decrease of 23.5% vs September 2020. With the reduced inventories again becoming an issue, we saw prices started to accelerate again and the HPI up to $1.361M in September 2021 which was up year over year 26.9% from September 2020.
Key Findings for Oakville/Milton
23.5% drop in home sales vs. a year agoHome Price Index up to $1.361M. Year over year increase 26.9%.
Brantford Market Update
The tapering off of the market increase in the late spring saw a turnaround in July/August with prices marching up again as sales dropped 20% from 2020. The MLS Home Price Index saw a benchmark composite price of $648,300 in August which was an advance of 35.4% vs 2020. Prices for September 2021 have edged up even higher to $684,354 or another 5.5% in just the last month and shows no signs of slowing down for the foreseeable future.
Key Findings for Brantford
20% drop in home sales vs. a year agoHome Price Index up to $684,354. Year-over-year increase of 26.9%.
Cambridge Market Update
The number of homes sold is down by 33% from September 2020. Price gains look to be as strong as ever and price pressures don’t look like they will be easing until more listings start to hit the market The benchmark price for single-family homes was $803,900, up sharply by 31.2% on a year-over-year basis in September. The average price of homes sold in September 2021 was $781,014, a sizable gain of 21.5% from September 2020.
Key Findings for Cambridge
33% drop in home sales vs. a year agoHome Price Index up to $803,900. Year-over-year increase of 31.2%. 
More | Fall 2021 Newsletter
High Ratio Mortgages - Stop!
October 26, 2021
Record Prices - Record Debt!
October 26, 2021
The Market is Gathering Steam Again!
Find out what your home is worth now.
Geoff Smith & Katrinna Smith-Dobrowsky
Sales Representatives
Halton Heritage Realty
Contact Details
Feel free to contact us anytime. We would be happy to discuss your unique needs.
Phone
Geoff's Cell: (905) 512-0301
Katrinna's Cell: (905) 630-9579
Committed To Success. Committed To You
Established 2006 Proven System to Sell Your House Investment Property Advisors
Country Properties & Vacant Land Downsizing & Up-sizing Advisors
Professional Lawyers and Stagers Financing Specialists First Time Home Buyers
Multi Award Winning Agents
YourRealPro.com
REAL ESTATE MARKETS SERVED