The Numbers Tell the Story
To start with the obvious: 63% of single-family sales so far in calendar year 2025 have been priced between $400,000 and $700,000. No surprise there—that’s our market: middle of the road, stable, and showing steady, reasonable appreciation.
To start with the obvious: 63% of single-family sales so far in calendar year 2025 have been priced between $400,000 and $700,000. No surprise there—that’s our market: middle of the road, stable, and showing steady, reasonable appreciation.
Here’s What the Numbers Suggest; Sales in the $500,000–$600,000 range are up 17%, and in the $700,000–$900,000 range, they’ve surged 45%. Meanwhile, sales in the $300,000–$500,000 bracket have dropped 20%.
Have we reached the point where starter homes are now above $500K? Very likely.
Have we reached the point where starter homes are now above $500K? Very likely.
How Fast Are Homes Selling? As expected, properties priced under $600K are moving quickly—currently averaging around 13 days on the market. But here’s something you might not expect: homes priced over $700K are selling in just 18 days on average. Sales above $900K? Also 18 days. And those listed over $1 million? Even faster—16 days.If you're thinking, “I know a few homes that have been sitting longer than that,” you're right—they’re out there. But these are averages, and they tell us a lot.
Our Take:
In 2024, our listings sold on average above asking price and in half the time of the general market. Whether you’re buying or selling, we’re here to help you make the most of your next move.
We'd love to chat. Give us a call at 902.221.4880 or send an email to jburt@avalonrealty.ca.
Our Take:
- Sellers' Market Still Holds: From 2014 to 2020, the average days on market was 81. Today? Just 16. Demand remains strong.
- Rising Price Ranges Suggest Continued Growth: Increased activity between $700K–$900K suggests prices will likely continue to increase from our current average of approximately $600K, as more buyers shift into higher brackets.
- Presentation & Pricing Still Matter: Yes, homes are selling. But if you want to maximize your price and sell faster than average, how you list matters: staging, professional photography, floor plans—and most importantly—pricing it right from day one.
- For Buyers - Start Now: If you're thinking of waiting, don’t. If you're not quite ready, give us a call—we’ll help build a plan to get you moving in the right direction.
