April 14, 2016
It looks like the Spring Real Estate Market has started early again this year...February 2016 was even hotter than last February of 2015 in the Headwaters region!
188 home sales occurred in Orangeville, Dufferin County, Caledon and Erin in February, an increase of 87% over January of this year, and 39% over February of last year. Sales in the Caledon area doubled from January to February, and nearly doubled in the Dufferin area.
Average sale prices in all regions are up substantially compared with the average sale prices for 2015. Again the laws of supply and demand are in full effect!
Inventory of homes for sale is still lower than normal, with 407 homes for sale in Headwaters at the end of February (compared with 500 in February of 2015).
It is clearly a od time to be a seller!! Here are a few more graphs with more details for the real estate market in Orangeville, Dufferin County, Caledon and Erin...
Headwaters Real Estate Market Performance (Homes For Sale vs Sold):
Headwaters Real Estate Summary (Orangeville, Dufferin County, Caledon and Erin):