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...
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!
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