Cliff Barron from Remax here with my update for Milton, Georgetown and Glen Williams for January 31st to February 6th, 2021. 

There are a couple of things I'd like to talk about first.  I showed a house about a week and a half ago in Mississauga - a condo townhouse.  I won't say the address, but it was listed around $560k or $570k. The neighbors had a larger unit and they were listed at $680k. So, when I showed the property, it was a Saturday - and it was just in and out, in and out, in and out - all day.  You know, people coming in to see it.  Meanwhile, at the one next door, there was the odd showing here and there - and it was a bigger unit.  So, I think there were about 30 offers or so on the one that I showed and that one sold firm. And then the one next door also sold firm.  So, just out of curiosity, I compared the two prices and I noticed that the one next door that was listed for $680k sold for $665k.  And then the one that I showed, which was smaller but listed at $560k, sold for $680k.  So, it's interesting the way that works.  That's the strategy right now to sell them - to list low and sell high.  And if you list high you're going to actually come down.  So anyway, if you're selling right now, the strategy is to go low to start off with.  

And just to let you know what to expect when you list your house right now - get ready for an onslaught of showings! 15 minutes, maybe 30 minutes long - we can't overlap showings anymore. So it's not unusual for a detached house listed in Milton for $899k to probably sell for about $1,050,000 (somewhere around there), believe it or not.  And you can expect about 125 showings in about six days.  So, just to keep you in the loop, that's what's going to happen!  In Georgetown, if it's listed for about a million, it's going to sell just over the asking price - maybe $40k, $50k over.  It might be a double car garage in Georgetown instead of a single, like in Milton. Milton's a bit more expensive than Georgetown and you're going to get about 70, 80, 90 showings on the property and you'll get about 10 offers. The one in Milton, you'll probably get about 15-20 offers. 

Once you've listed your house and it's on the market, you've got to have an alternate arrangement of what you're going to do during showings, because you can't keep coming home and leaving.  Traditional way was, you'd come home, you'd have some dinner or whatever, and then you'd leave. There'd be a couple of showings that evening and then you'd come home.  But now it's just flat out showing after showing after showing after showing.  So you've got to have a five or six day plan - what you're going to do.  Go to the cottage, go to a hotel -  whatever alternate arrangements you can make - because you've got to make yourself scarce. That's the key.  So, that gives you some pointers about what's going to happen.  But if you ARE thinking of selling, make sure you call me first, okay?  

Milton is still busy, as I was saying earlier. And like I've said before, I'm going to break it down into just averages.  18 townhouses sold for $842k on average and 7 semis for $996k. And this is the killer - 13 two-story homes in Milton sold and the average was $1.41M, which is incredible.  That's absolutely incredible.  I remember selling a home on Gooch Terrace in Milton back in 2010 for $850k, I think it was. And it was by far a record sale for Milton - it just blew everybody out of the water.  I remember people saying, "you're crazy" but now it's almost double that record sale. There were 4 sales of bungalows or backsplits in the older part of Milton at $1.27M on average because there was a bigger one that brought it up.  And then condo towns - 4 sales at $651k on average. And actual condo units - 4 sales at $586k on average.  The condos have gone through the roof too.  It's interesting because Milton is pretty much the only area where condos are still going up. If you go anywhere else, they're selling at the asking price or maybe slightly below, whereas in Milton they're selling over asking - it's unbelievable. And then in Georgetown there was only 1 townhouse that sold, $800k. 1 semi sold for $795k there were 5 detached -the average was $1.25M because there was a bigger one that sold in Glen Williams for $1.705M - so, that kind of skewed the numbers up slightly. And there was one backsplit that sold for $965k.  And then condos - there was one tiny condo that sold for $258k in condo towns. There was 1 on Corey Circle which was a record sale - sold for $630k.  And I've never seen a condo town in that area - Stewarttown, Corey Circle go for over $600k.  So this is a record price and it was only a two bedroom.  

So hopefully that helps you out.  Any questions, let me know - send me a DM PM, email, phone call, whatever works - I'll talk to you soon. Have a great weekend and stay safe!