A COVID-19 MESSAGE TO OUR CLIENTS đź’™
Learn More
Do you want content like this delivered to your inbox?
Share
Share

Weekly Wrap Up: April 18-24th

David Kurt

What made you decide to get into real estate? I was one year into working a “real job”; 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 “real job”; the type you study hard and go to University for when I re...

Apr 27 3 minutes read

Weekly Wrap Up: April 18-24th

Hey everyone! Here's to another week in quarantine! Tristan Ritchie takes the spotlight from David today and is here to give you the market wrap up for last week's activity in our local Sudbury Real Estate market! 

Here we go! We are now at what we think is the lowest point in Sudbury's real estate activity due to the COVID-19 pandemic. Last week we had 15 sales, which matches the sales for April 11th-17th! We've spoken to quite a few agents and the consensus seems to be that the phones are ringing more than they have in the past month. Over 50% of the sales were in multiple offers (8/15)! Clearly there's some motivated buyers as this trend continues to be strong. On top of this, 30% of the solds were new builds (3/8)! 

There was an increase in new listings this week, with a total of 23! This is quite the pickup of activity considering that the two weeks prior had seen only 15 new listings each. This is definitely not Sudbury's typical spring market, but it's still an encouraging sign to see! We think we are slowly but surely going to rise back to normal from the low we've just hit. 

Tune in and let us know what your thoughts are on today's episode of Selling the Rock, brought to you buy Tristan Ritchie! If you're wondering what these numbers mean for you, our team is happy to hop on a virtual call to answer all of your questions. Don't forget to show your support for Lake City Realty's Selling the Rock Podcast! It's one of the ways that allow us to continue to connect with our local Sudbury community during times like these. Like, share, comment or leave a review! Your support truly does mean the world to our team!

CTA Object

Lorem ipsum dolor sit amet enim. Suspendisse a pellentesque dui, non felis.
Maecenas malesuada elit lectus felis, malesuada ultricies.

We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies. More info

Terms of Use

This website is operated by Lake City Realty LTD/David Kurt, REALTOR®, a Salesperson who is a member of The Canadian Real Estate Association (CREA). The content on this website is owned or controlled by CREA. By accessing this website, the user agrees to be bound by these terms of use as amended from time to time, and agrees that these terms of use constitute a binding contract between the user, Lake City Realty LTD/David Kurt, REALTOR®, and CREA.

Copyright

The content on this website is protected by copyright and other laws, and is intended solely for the private, non-commercial use by individuals. Any other reproduction, distribution or use of the content, in whole or in part, is specifically prohibited. Prohibited uses include commercial use, “screen scraping”, “database scraping”, and any other activity intended to collect, store, reorganize or manipulate the content of this website.

Trademarks

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA’s By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the professional real estate services provided by members of CREA.

Liability and Warranty Disclaimer

The information contained on this website is based in whole or in part on information that is provided by members of CREA, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members, and assumes no responsibility for its completeness or accuracy.

Amendments

Lake City Realty LTD/David Kurt, REALTOR® may at any time amend these Terms of Use by updating this posting. All users of this site are bound by these amendments should they wish to continue accessing the website, and should therefore periodically visit this page to review any and all such amendments.