Just as we predicted, Sales in March 2021 brought the area up in value by quite a bit. The spring market has started, with an increase of listings and the market has been responding with unprecedented numbers for the area.
The average freehold sale price last year in Onward Willow/ The Junction was $601,000.00 and a condominium average sale price was $346,700. This year already in the first quarter the average sale price of a freehold home is $679,000 and a condominium is $424,000. With another three quarters of the year to go this is very promising for our property values.
What does this mean for the homeowner here? The motivation for us is to empower homeowners in this area to take advantage of the upswing in the area and make choices that are right for you and your family, or just for reassurance that the market is finally shining a light on our little corner of the world.
With lending rates so low and house values going up this could be the opportunity to take on that major renovation and make your Junction home suit your needs, or if you live in a condo here, it could be time to move to that detached home in the area. Whether putting in a basement apartment, renovating your kitchen, adding an addition or bumping up your one and a half to a two story, we are here for consultations. We work with our clients to be a second or third set of eyes helping to pick finishes, design layouts and give input on best return on your investment dollar. You may not be thinking about selling, but if you ever do need to sell, the renovation choices today become your sale price tomorrow.