As the holiday season draws closer, we are seeing the number of appointments slow down as expected. Last week saw 16.5% fewer appointments than the week before. However, New Listings were only down 8.9%, and sales a mere 11%, keeping our Sold/Appointments Index stable at an average of 11 appointments per property sold during this time frame.
The big story last week was our Monthly Comparison - in the first 12 days of December, the Appointment Centre has made the equivalent of 89% of the appointments made in all of December 2019! This is directly reflective of the unusual activity in our local markets, and the incredible growth in our companies.
Our review of the Top 5 Price Ranges in our selling areas show that Hamilton has remained relatively steady in comparison to the previous week, with a slight jump in the highest price point. Burlington has shown recovery in the luxury price point, a slight rise in the mid-price points, but a consistent lower price range of $450-500k holding steady. Niagara saw the luxury $1-2M price point appear this week, with the other rankings relatively consistent with last week.