I want to give you the market stats from the 17th of May to the 23rd of May, but before I get there, I'd like to quickly discuss something. Today I'd like to talk about showings, specifically how they work during Covid.  It's kind of unusual, but it's the new norm right now. Basically, before we show a home we have to fill out a questionnaire about ourselves: our health condition and about our clients (their names, etc). So we have to go through a few steps before we even get to book the appointment basically. Once we book the appointment, we educate our clients, informing them that they have to wear an appropriate mask and gloves, or if you're not gonna wear gloves, then don't touch anything. Let the agent touch everything and as for myself, I always wear gloves. I wear bright purple gloves and I throw them properly after - I don't throw them in the garage or on the lawn or on the driveway or the street. This is the new norm. If you're going to sell your house, you're going to have to get used to people coming in and it's just the way it is. They're more scared than you are in a lot of cases, because they're leaving their closed environment of their house and they're going into a closed environment that they're not used to. So, you have to keep that in mind as well, moving forward.

Now let's get to the Milton sales: 17th to the 23rd of May, 2019 we had 60 sales. 2020, 21 sales. Not too bad. Things are fairly steady still. We're still down, but we know that. That's not news. We had 8 sales of detached homes, 9 sales of townhouses, and 4 sales of semis. The average detached in Milton was $950k and the days on the market was 10. Townhouses, $668k was the average, 20 days on the market. Semis, 4 sales, $755k was the average sale price, 24 days on the market. And if we look back to a week earlier, let's see, detached have gone up a little bit. It was 908 last week; it's 949 this week. No semis sold last week, so there's no reference for that. And townhouses, last week were 684 last week, 668 this week. So they've ticked down a little bit. But again, that's nothing to worry about. Everything is pretty steady right now. We've basically gone back to pricing from around August of last year. All the gains that we had in February, early March when it was just going ridiculous again, they're all gone now. But, it's steady and it hasn't dropped much in the past two or three weeks. It's very, very slight. The average days on the market for detached is 10, townhouses 20, semis 24 days. That's the average time it takes to sell a home once it lists to actually being firm. You have to keep something in mind, though. Take that with a grain of salt, because people relist. They'll list a townhouse for $750k and it might be on the market for three weeks, it doesn't sell, hardly gets any showings (because they're overpriced), so they relist it lower- down to say $720k.  They start getting showings and finally sell it for $715k - within three days at their new price. So, all of a sudden, all of the old stats, it's been on the market for about a month or so, month and a half - that's all gone. Now it looks like they sold the house in three days which statisticallyis great. They did it, they sold it fast, but in reality it took a month and a half and that skews all the numbers. Just want to keep you aware of that. 

Now moving on to Georgetown. Beautiful Georgetown and Glenn Williams.  In 2019 we had 18 sales. 2020, 12 sales. And 11 of those sales in Georgetown, there's way more detached in Georgetown than there are semis and towns, not like Milton, because Milton is just so crammed in these days. In Georgetown there are still big lots and plenty of detached and they're very strict on their development. So 11 sales, $850k on the average, 20 days on the market for a detached.  There was one semi that sold for $746k and that was 13 days on the market. So if you compare this week to last week, last week there were six sales, this week 12. So, things have ticked up a little bit, which is good.  That's great news. The average last week was $869k for a detached. This week, they averaged $850k. So, prices have come down a little bit, but again, it's not a big enough sample of data to go by, but things are healthy in Georgetown as well as Milton. Sale price to asking price ratio is pretty close to 99%, so I think we are coming down as I predicted, but it's slow, like I said. For now, we're doin' great!

Any questions, please give me a call - I'd be happy to help!  Take care and stay safe...