Local Market Statistics March 2020
Earlier this week we released a new form in response to the current situation with COVID-19 that allowed the seller to restrict showings on their listings and keep it active for marketing purposes. Now we have done the same for rental properties (both residential & commercial).
The new COVID-19 NO SHOWINGS WHILE ACTIVE RENTAL ADDENDUM is available in Flexmls, Forms/Info, under COVID-19 Related Forms.
You will be able to find all COVID-19 forms in this folder.
Also, the Consent to take Photo/Video and or Hold an Open House, specifically designed for rentals, has been updated.
Please be sure to check out both forms if you are a property manager or engage in any type of rental activity.
Below is a Market Summary for the month of March 2020 from Flexmls. Overall, the numbers for March are positive compared to last year.
The Avg Sales Price is up by over 8% for the month and up by over 10% Y-T-D.
The number of Sold Listings Y-T-D are up by 6% and Pending Listings are up by 5%.
And New Listings are staying on course with a slight increase from this time last year.
Knowing that April may not reflect well this year, it sure looks like our members have been working hard and laying a good foundation for a rebound back!