West End Real Estate Agent’s Spring Market Update
Virus not the cause of low turnover in West End sales market!
History will probably lay blame with Coronavirus but, when West End finishes 2020 with the lowest number of sales for more than a decade, it will actually be low listing levels that’s been the cause. There’s just 5 houses currently available for sale with 5 others under contract. The average time to sell for West End houses is 30 days (down from 33) so this shows no shortage of willing buyers!
Similarly the average apartment days on market is 56 days, again indicating relatively healthy demand. The median apartment price is only slightly down at just under $500,000. The most active recent buyers have been younger couples and we are now also seeing more investors starting to re-emerge.