December closes out the year with strong sales
23 homes sold plus 1 condo/attached homes. These sales were distributed under $250k with 5 sales above $250k. We also have a very low inventory which will help sellers sell at a much quicker rate.
Home Buyers are factoring in upgrading costs when they purchase. Definitely upgraded homes have more appeal and new home builds have a stronger appeal in each price bracket. Prices are softer than last year but we are seeing an uptick. Some buyers are taking equity from their homes and upgrading with the new low-interest rates. Home improvement supply costs have dramatically increased, and upgrading rather than a renovation is often a smart move.
For a more detailed view of the market in the Battlefords for the year 2020 check out Battlefords Market Review 2020