Joshua Creek Market Update – 6 Jan 2017

spring

It is not quite Spring yet, but I thought I’d get you ready for something to look forward to. Along with Spring comes a red hot real estate market, which by the way usually starts around the 21st of January. 

Listing inventory is a bit thin in Joshua Creek at the moment. At present writing on 5 Jan there are 8 homes listed and can be viewed by clicking on “Listings in JC“. Have a look at the Table below for market stats for single detach homes in Joshua Creek. The average selling price of a single detach home increased from $1.300M to $1.472M from 2015 to 2016. That is a whopping increase of 13.1%. Homes over $1M experienced a larger appreciation of $17% in average price. The lowest sold price was $810,00 and the highest $2.67M in 2016. Price appreciation in Joshua Creek is way over the average selling price of a detach home in Oakville. This creates a high demand environment from buyers wanting to move into Joshua Creek. 

Some of you may be waiting for the weather to break to make a move. The current environment of low interest rates is ripe for home prices to move higher but by how much? The price of your particular home depends on many factors like location, square footage, upgrades, condition, and seller motivation. If you’re planning a move this year, let’s get together and put a plan in place to make a successful move.

Market Stats for Joshua Creek, Oakville (6 Jan 2017)

stats-jc-jan-2017

– Andy