DundasProperties.com real estate services
Accurate Honest Information
DundasProperties.com real estate services
Accurate Honest Information
DUNDAS REAL ESTATE MARKET STATISTICS
Sales Statistics
AUGUST 2020
Number of Sales = 36
Average Sale Price = $739,628
Median Sale Price = $726,250
JULY 2020
Number of Sales = 28
Average Sale Price = $903,194
Median Sale Price = $833,500
SEPTEMBER 2, 2020
Active Listings Residential = 19
Average List Price = $1,056,968
Average Number of Days on the Market= 50
SUPPLY AND DEMAND + LOW INTEREST RATES = ACTIVE MARKET
IS everything selling? The simple answer is no. Believe it or not some properties did not sell and either the listing contract expired or the owner's took the property off the market. Currently there are only 19 residential properties listed for sale in Dundas with the Realtors Association of Hamilton and Burlington. The average list price as of today, September 2, 2020, is $1,056,968 with the average number of days on the market about 50. In contrast the properties that have sold the average number of days on the market is less then 15! And there is currently a big gap between the average sale price and the average list price. This would suggest that Buyer's know value when they see it and act quickly. As we head into the fall market will this activity continue ? Call me today to discuss what might happen this fall.
To find out what is happening in your neighbourhood send an email request to dz@remaxcentre.ca and you will be sent market activity for the past three months.
MARKET CONDITIONS
SEPTEMBER 2020
July and August were very active months for real estate in Dundas by any standards. There were obvious pent up Buyer's looking to get into a new property in Dundas and an exodus from City life to living with more space and the opportunity to work from home for many people.
As we enter into the fall months and living returns to the indoors will these trends continue?
Let me know your thoughts , send an email to dz@remaxcentre.ca , comments will be published for others to consider.
If you have plans to move this year contact me to set up a Virtual Meeting via zoom, to discuss your situation. Request an E-Valuation, (electronic evaluation) of your property, just send an email request to dz@remaxcentre.ca. Or call me direct , the old fashion way, at 905-570-2054
NO Gimmicks, no false promises just accurate, honest information and service delivered with integrity. Following Covid-19 Protocals.
HISTORIC DUNDAS
King Street West Location
Located on King Street West in the Historic Town of Dundas this Income property grosses over $46,000 per year with the potential to generate further income. Currently set up as a main floor commercial ( professional restaurant) unit with a second floor residential apartment. The second floor could be rented out as a commercial unit and would make a perfect office or studio that would accommodate a wide spectrum of businesses. Perfect for an Owner Operator. There is a private driveway and back yard with a storage unit/shed. For an email package Email dz@remaxcentre.ca , David Zalepa, Sales Representative REMAX Real Estate Centre. DIRECT 905-570-2054 Listed $849,900