Lake District Realty by the numbers
Lake District Realty by the numbers… 2020
Are you someone that likes to know the facts? So are we! Our team at Lake District Realty decided to research statistics from the Kingston and Area Real Estate Association (KAREA) database to look at 2020 by the numbers. The results of our research confirmed what we have been experiencing – the local Real Estate market has proven to be strong in 2020 – read on to see for yourself.
We are proud to say that Lake District Realty sold 100% of the inventory that we listed this year #inFrontenac. Our listings averaged 28 days on market with the median being 8 days on market! Listings did not last long this season on our boards.
When it comes to pricing your property for sale many factors come in to play (we will expand on that in a future blog post ). When a property is priced appropriately for the market it elicits excitement in potential buyers often resulting in a quick turnaround and multiple parties being interested. From Jan 2020 to present, 56% of our listings sold for the advertised list price or above with an average of 3.6% over list price.
The average selling price of properties for sale at Lake District Realty has increased by 17% in 2020 over 2019. The 2020 market continues to be strong. Continue to read about the Canadian Real Estate market here https://www.crea.ca/news/canadian-home-sales-remain-historically-strong-in-october/
Do you have questions about the local Real Estate Market or your personal Real Estate needs? Call the professionals at Lake District Realty today – we love to talk Real Estate!
** All Data obtained from the Kingston and Area Real Estate Association Jan – Nov 24, 2020.