Cliff Barron from Remax here with my update for Milton, Georgetown and Glen Williams for March 21st to the 27th, 2021. It's still busy, as we all know, but it's starting to flatten a little bit - but it's still busy.
Before I get to that though, let me tell you a story. Like I said, I've got a lot of them! This didn't happen that long ago. As we know, the market right now is just insane and most offers are coming in without a home inspection clause, without a financing clause, without anything. They're just basically firm deals. Once the seller accepts an offer, it's a firm deal - it's done. So, you don't have the chance to do a home inspection these days. It's not easy. So, I have these clients - they're a young couple looking for a starter-ish home. I won't say where, but in the semi-detached, small detached sort of range. They insisted on putting a home inspection clause into every offer they put in. We ended up putting in, I don't know, six or seven offers on different properties and we lost every time. But there was one where we managed to win the bidding. We put an inspection clause in there and this is what happened during the inspection:
So, inspections usually last about three hours. I've done so many deals over the years and I've been through so many homes that I can kind of get a good idea of what to expect before an inspector even comes in. There are a couple of things I can't do and that is to go on the roof, I can't see behind walls and I can't check the panel. And... I can't go in the attic. So, those are the big things that I can't check for, but everything else I can kind of get a visual on, even though I always recommend a home inspector.
So, we put in the offer and the offer is accepted. There is an inspection clause in it. We do our home inspection. I'm sitting there, doing work (I have to be present for the home inspections) and the last thing my inspector does is he goes into the attic. That's the very last thing he does. And then, once he's done that, he comes down, he fills out the full report, and then we're good to go. We can either decide to accept the home, or not accept it, or ask for a few repairs, or take it as it is - all sorts of choices. So anyways, my inspector goes into the attic and it's a tight space because it's an older home - maybe a hundred years old or so. A semi-detached. He goes into the attic and comes down laughing, and I ask, "What's going on? What's so funny?" And he replies, "I've never seen that before in my life." I'm thinking to myself, "What did he see? Did he see raccoons staring at him?" So he takes out his phone and shows me a picture - of chicken wire and a sign on it that says, "No trespassing, keep out." We were baffled at that. I'm like, "What does that mean?" He says, "Think about it. It's a semi-detached home." So I Googled it. I Googled the address and sure enough, it turns out that in the past at some time, I think it was a kid that was going into the attic on one side of the semi, going through to the other side of the semi, and then down when the people were away at work and stealing things. So the homeowners of the house where things were getting stolen, went up in the attic and put the chicken wire across and the "No trespassing" sign. So, I don't know if it worked or not, but as soon as my client saw that, they were like, "No, no, no, no, we're out. We're not going through with this one." So, that's an interesting story. I've never seen that before but you never know, maybe I'll see it again. I doubt it!
So, getting to the stats for Milton, Georgetown and Glen Williams for March 21st to 27th. Let's see - older detached, there were 6 sales. in Milton $1.083M on average. 33 sales of the larger detached, the newer ones, $1.283M on average - slightly lower than last week, but not much. 8 sales of semis at $952k on average and 31 sales of townhouses, $869k on average. It's kind of starting to peak, like plateau a bit -that's the feeling I get. And then in Georgetown and Glen Williams, there were 16 detached at $1.159M. That's significantly lower than last week, but that doesn't mean anything. You know, sometimes you get the up and down, but as long as it doesn't go completely down. That's a different story. Then older detached - 6 sales $967k on average. 1 semi sold, just 1, at $600k. But it was in old Georgetown and a tiny, tiny little semi. You get semis in Georgetown that are in Delrex that go for, you know, $800k these days. And then 3 townhouses sold for $793k on average. There was 1 condo town sold in Georgetown at $466k on Wylie Circle, but that's it, which is low, but it was a small little condo town. And then in Milton, there were 9 sales of condos, $590k on average. And we're still ticking up a bit. And condo towns, $792k on average. But it starting to slow for those categories.
So that's my update for March 21st through the 27th. I hope you enjoyed my little story. I'll have more 'cause I got lots, but anyways, I'll talk to you guys soon. Take care.