"Steady Growth and Healthy Activity: A Look at the Real Estate Market in Caledon"
The real estate market in Caledon for all property types saw a slight increase in the average sale price from $1357700 in March to $1429358 in April, representing a 5.31% increase over the three-month period. The number of properties sold also increased from 70 in March to 89 in April, indicating a healthy level of activity in the market. The average days on market remained relatively stable at 30 days, suggesting that properties are selling at a consistent pace. The sales price to list price ratio decreased slightly from 98% in March to 96% in April, indicating that buyers may have slightly more negotiating power in the current market.
Looking back over the past year, the market in Caledon has shown steady growth, with the average sale price increasing by 2.0% from April 2023 to April 2024. The number of properties sold has also increased by 19 properties over the same period, demonstrating a growing demand for homes in the area. The sales price to list price ratio has remained relatively stable, hovering around 96-98% over the past year, indicating a balanced market where buyers and sellers are able to reach agreements that are close to the listing price. Overall, the data suggests a healthy and stable real estate market in Caledon for all property types, with moderate price growth and consistent levels of activity.
Read the full article on: Toronto Regional Real Estate Board
