Newmarket Real Estate Weekly Report February 5th-11th 2018.

The theme for this episode is bubbles. Not “Real Estate Bubbles” but fun bubbles. Also it’s clearly very early in the morning and though I don’t drink coffee, there is evidence that I should consider starting!

139 New Homes came up for sale this week in Newmarket. Of those homes for sale, 22 are townhomes, 9 are semi-detached, 111 detached homes and 10 Condo Townhouses and Semi’s as well as 6 Condo Apartments. During the week 20 homes sold in total.  We are seeing a steady supply of homes come up for sale in Newmarket, especially Detached homes.  Local Buyer interest and activity is increasing but it needs to speed up to keep pace with the homes coming up for sale. The listing and selling activity over next few weeks will be a good indicator for how the spring 2018 real estate market will continue to shape up.

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