Скачать или смотреть Dufferin County Real Estate: Price Reductions & What They Mean for You!

Welcome to our latest September Market Update, where we dive into the current state of real estate in Dufferin County. In this video, we explore the trends affecting Orangeville, Shelburne, Mono, and Mulmur as we analyze average home prices and sales activity.

Orangeville - has seen a slight dip in the average home price, now sitting at $768,448 compared to $816,626 in September 2023. This cooling trend suggests a more favourable negotiating environment for potential buyers.

In Shelburne, after experiencing a surge in 2023 with an average price of $866,667, the market has normalized to $760,318 by September 2024. Interestingly, demand remains steady with 11 homes sold this September, up from just 6 last year.

Moving to Mono, the high-end home market has slowed down. Sales decreased from 10 homes in 2023 to just 6 this year, and average prices have dropped from $1.33 million to $1.1 million, indicating a shift in buyer behaviour.

Mulmur presents a contrasting picture; despite fewer transactions, the luxury market remains strong. The average home price has risen to $1.25 million in September 2024 from $988,000 in 2023, showcasing resilience in this segment.

What Does This Mean for You?
Sellers: If you own property in these areas, now may be the ideal time to capitalize on the current market before any potential corrections.

Buyers:With prices stabilizing across several municipalities, this is your opportunity to find a home without the intense competition seen in previous years.

Stay tuned for more local insights and valuable information. If you're ready to discuss your options in this evolving market, contact the Local Home Finder Team today!

#RealEstate #MarketUpdate #September2024 #PriceReduction #RealEstateNews #RealEstateInformation #DufferinCounty #canada