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Sudbury Real Estate Market Update: April 11th - 17th, 2020

David Kurt

What made you decide to get into real estate? I was one year into working a ā€œreal jobā€; the type you study hard and go to University for when I re...

What made you decide to get into real estate? I was one year into working a ā€œreal jobā€; the type you study hard and go to University for when I re...

Apr 20 2 minutes read

We are officially over a month into the provincial shut down! Sudbury has just over 30 confirmed cases of COVID-19 and we now have 3 drive thru testing centres open. We seem to be managing pretty well in our little cocoon of the North; being somewhat removed from the rest of Ontario. We've been tracking the numbers on a week to week basis, waiting for them to ā€˜bottom-outā€™. Not necessarily price wise but in terms of the overall activity in Sudbury's market (#of listings and sales) and we may be getting close if we aren't there already. Last week we saw the same amount of new listings as we did solds! The number of multiple offers as a percent of sales is still in ā€˜shockingā€™ territory at 66% this week! The stats for this week could be cautiously good news for Sudbury.  With numbers close to bottoming out, and market activity still trickling in. Take a look at the numbers yourself! If you're thinking about selling your home and are wondering how these numbers apply to you and your situation, feel free to schedule a virtual call!

 

15

New Listings

292

Active Listings

3

Under Contract

15

Closed Sales


Homes Sold

98.4%

Sale-to-List Price


$268,151

Average Sales Price

11

Months of Supply

40

Average Days on Market

$263

Average Price per Square Foot

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