Home Sellers in Southwestern Ontario are Saving Thousands in Commission!
October 30, 2020
With all the restrictions 2020 has brought, we as Canadians had to do a little rethinking of the concept of “success.” More time on our hands through the shutdowns led many of us to become more appreciative of successes at home rather than in the world at large; we’ve taught ourselves to renovate, garden, bake, and not lose our marbles from spending all our time with our families!
Residents of Southwestern Ontario are also finding personal success in taking advantage of the strong seller’s markets. Since June, most of the region has seen record numbers of sales and dwindling inventory, which has driven home prices steadily up. Overall, it’s been a great time to sell.
While the word “SOLD” on your lawn sign is an achievement by almost any standard, for Purplebricks sellers, it comes with an even bigger personal payoff: they’re saving thousands of dollars in commission and keeping more of their home equity to invest in the things that matter to them most.
Wondering what success with Purplebricks looks like? Here’s a snapshot of some of our September sales from across the region:
In the London and St. Thomas region, sales were up 25% over September of last year and prices grew by 28%. These Purplebricks sellers sold in less than the average time reported for the month by the London and St. Thomas Association of REALTORS®1 and saved more than $10K each in commission!
The Kitchener-Waterloo region saw a new sales record for the month of September and a 42% growth over the same month last year, while prices increased by 18%.2 Good news for these Purplebricks sellers, whose quick sales left each of them with more than $20Kin their pockets!
The Brantford Regional Real Estate Association reported3 a stunning 43% increase over September 2019’s sales and an average price increase of 23%. With new listings dropping slightly below the 300+ they’d seen in the months leading up to September, it’s no wonder these Purplebricks clients sold in under two weeks!
The Windsor-Essex County Association of REALTORS® reported that sales for September rocketed up 32% over the same month last year, with the average price rising by 31%.4 Saving $20K or more after only nine days on the market? That’s what success looks like for these Purplebricks sellers!
As for homebuyers? It’s a competitive market in Southwestern Ontario, meaning buyers have limited homes to choose from and are acting fast. In times such as these, the guidance of a real estate professional can’t be underestimated: a dedicated Purplebricks Home Buying REALTOR® will use their expertise to land you your dream home while keeping health and safety a top priority. Plus, when you work with a Purplebricks agent, you’ll receive $2,000 in cash back* when you purchase. It’s an added bonus in a year when we could all use another reason to smile.
If you’re planning to buy or sell a home this fall, a local Purplebricks REALTOR® is ready to take on the market. Call to find out how we can help you reach your real estate goals: 1-855-999-9740.