Real Estate Serving Orangeville, Caledon, Mono, Grand Valley, Shelburne, Mulmur, Dundalk, Amaranth Erin, Whats my house worth evaluation
Before you try to buy your own home, or sell a home, you need to make sure that you know what the market is doing. This kind of knowledge is indispensable for how much it improves your chances of success, so it’s something that you are going to want to make sure you don’t overlook. If you are thinking of buying or selling property in the Caledon area in Ontario, then you will need to bear a few things in mind about the local property market. In this post, we will discover all that you need to know about the Caledon real estate market, past present and future.
First of all, let’s take a look at the state of the Caledon real estate market in the past. There is always a lot that you can learn by looking at the past market of a place, so this is going to be more important than you might at first realise. There are often clues and cues that can make a difference to the decisions you make when you are buying or selling property today – so what has changed in the Caledon real estate market in the past?
One of the best places to look for information is the pricing history. If we look at the pricing history of properties in Caledon, Ontario, we can see a sharp increase. In records from the year 2000, your average condo townhouse in Caledon was selling for around $140,000. At the same time, a freehold townhouse was usually selling for $150-160k. The average cost of a general condominium was the same, while detached homes were averaging much higher, at around $250k in general.
If we fast forward slightly, we can see that the general curve has been what you would expect of a town like Caledon. It only took until three years later, 2003, for detached homes to rise to an average price of $350,000. Around the same time, other property types had increased by about the same amount, with condominiums being around $255k, freehold townhouses at $234k and condo townhouses at $216k.
67 Madill, Mono
This three bedroom beauty is located just off of Highway 10 in Mono and sits on just over an acre. Featuring a gorgeous private back deck and extra deep garage. Contact me for further details.
13 Highcrest Road, Caledon
Sitting high on the very top of the hill on 3.98 acres is this custom exclusive estate built home. Stunning views from every window. 5 great sized bedrooms, 4 with ensuites. Soaring ceilings in the great room, open concept kitchen/living room and formal dining room are the perfect place for entertaining. Main Floor Laundry, 3 car garage and walk out basement. This home is truly stunning!
4 Putney Rd, Caledon East
Located in sought after Caledon East sits "The Jennifer Model" This stunning, recently upgraded 3+ 1 Bedroom features 2405 Sq Ft, a finished basement complete with office and fourth bedroom. The stunning fully fenced backyard oasis is private and peaceful backing on to green space. This home has been gorgeously upgraded throughout. Just move in and enjoy.
Neighborhood: Caledon East
250 Andrew Street, Shelburne
Own a piece of History in this updated 5 bedroom 2.5 storey home complete with detached garage with electrical, fully fenced backyard and inground pool. Enjoy these fall days sitting on your covered porch or 2nd floor balcony. Basement has been professionally wetproofed and french drained installed. BONUS! This home is being sold with furnishings!
5818 4th Line, New Tecusmseth
Amazing opportunity to own 48.63 acres of clear flat workable land NOT in the greenbelt or Oak Ridges Moraine. 40 acres of organic kidney beans currently being farmed. This property also comes with a gorgeous 11 year old 4 bedroom home. Stay tuned for further details.
69 Mill St, Grand Valley
I am so happy for my Seller that had to complete the process of her sale during these difficult times.
Neighborhood: Grand Valley
5814 10th Line, Erin
SOLD! In Multiples Offers For Top Dollar! Congratulations to my sellers on the sale of their gorgeous country home.
6327 15 Sideroad, Halton Hills
Congratulations to my clients on the purchase of their beautiful home!
5700 Winston Churchill Blvd.
SAFELY SOLD IN MULTIPLES FOR OVER LIST! Four Offers and one lucky buyer!
20558 Hurontario St, Caledon
Congratulations to my MOST AMAZING Sellers on the sale of their home!
4 Young Court, Orangeville
This Gorgeous 4 Bedroom Home Featuring A Recently Renovated Full 2 Bedroom In-Law Suite.
627458 15th Sideroad, Mulmur
Sold in four days with multiple offers and over asking! Congratulations to my amazing sellers!
795506 3rd Line EHS, Mono
Congrats to my great sellers.
9 Briarwood Ave, Caledon
Sold, and we could not be happier for our sellers.
224 Johnson Drive, Shelburne
Sold with multiples!
65 Eastview Drive, Orangeville
Sold with ten offers!.
43 Pridham Place, Tottenham
Sold with multiple offers!
232 Second Ave, Shelburne
Congrats to my sellers and my buyers.
3 Madill Rd.
A quick sale in a great neighbouhood!
Neighborhood: Mount Forest
65 Mill St., Orangeville
Sold in a minute, love these guys!
396064 5th Line
This gorgeous recreational property did not last long! Two offers within hours of listing. A huge congratulations to my Sellers on securing top dollar and a quick closing! Everything they were looking for.
Neighborhood: Horning's Mills
99 Mill Street, Orangeville
Congratulations to my Sellers and Buyer on the sale of this gem of an investment property.
48 Second Street
Congratulations to my Sellers on the sale of their beautiful home.
Neighborhood: Grand Valley
374427 6th Line, Amaranth
Congragulations to my sellers on the quick sale of their amazing home!
48 Pine River Cres, Mansfield
Congragulations to my sellers on the sale of their beuatiful property
730 Cook Crescent
Congratulations to my Seller on a successful sale of her property. I have really enjoyed working with you and look forward to working with you again.
134 Southview Lane, Dundalk
You blinked and it was gone. This gorgeous home and property had a busy weekend of showings. Multiple offers netted these Sellers TOP DOLLAR!
12 Fitzgerald Street, Orangeville
I am not surprised that this beauty sold so quickly and for top dollar! A huge congratulations to my Sellers on the quick and successful sale of their home.
3956056 5th Line, Melancthon
Located in Melancthon just minutes to Shelburne sits this stunning 10 acre recreational property with a pond, gardens and lots of space to enjoy nature.
5612 Olde Base Line, Caledon
21 Offers later and a huge congratulations to my Seller on the sale of her home that has been well loved for many years and holds many great memories.
32429 9th Line, East Garafraxa
How much is my house worth?
A home’s value can be found via an online evaluation website, hiring an licensed appraiser, or working with a real estate agent would give you an exact estimate given that market fluctuations can be so dramatic. The process compares the transactions of comparable homes in your area with real estate data and current market trends to produce your properties value.
Find your House & Home Value
Let’s take a look now at the current state of the real estate market in Caledon. As we have seen, the prices have generally risen in a pretty steady and healthy way, apart from that one dip. As we also saw briefly, the prices of houses on the market in Caledon have increased in a strong way in the past few years, from 2018 up until the present day. In fact, from mid-year 2018 to now, the prices have risen quite dramatically, and it has been one of the steepest climbs that the town’s real estate market has seen in a long time.
As you might expect, this trend continued on in much the same manner for the intervening years from 2003 to the present day. There were, however, some distinct moments when the price did change drastically, and much of this aligned with national and even global world events. For instance, one of the bigger changes came in 2016-2017, which saw a sharp and sustained increase in house prices across the board. At the start of 2016, a detached home in Caledon was selling for an average of $699k. By the end of 2017, it was around $937.
This is a huge shift, but – as is often the case – it was to precipitate a slight downturn afterward as the market in Caledon and elsewhere started to redress the balance. There was the crash then that followed, and in that time the cost of a detached property in Caledon could be expected to fall to around $879k by the middle of 2018. However, that is still a pretty strong price, and it was nowhere near the low price before the 2016-2017 rise, so the health of the market clearly maintained pretty well.
Since 2018, the market in Caledon has been steadily rising still, and as of yet there have been no other crashes in the same guise as 2016-2017.
In mid-2018, you could expect to pay $881k for a detached house, and $697k for a condominium, with townhouses being around $650k. But today, if you are keen to buy a detached house, you can expect to pay, on average, just over a million dollars for it. That million mark was only hit this year, but there is no reason to suppose that it is going to go down again any time soon. Similarly, if you want to buy a condominium right now in Caledon, the average cost is going to be $819k. For a condo townhouse, it’s $798k. For a freehold townhouse, you are looking at a price of around $745k on average.
In other words, buying a property in Caledon today means a rise of 9.69% on the same time last year, to the tune of an average of around +$74k. Or in other words, around 118% more than ten years ago. This is pretty much in line with the national average.
So, that’s what the real estate market is looking like right now in Caledon, Ontario. But what can we expect for the future, and what kinds of projections are looking most likely right now? The big event of the year has obviously been covid-19, which has affected housing markets all over the world in some interesting ways. In essence, you can expect houses in Caledon to rise in prices by a sharp increase, perhaps even more than in the past few years. If it is going to be anything like the national average – which it does tend to be – this could even mean around an 11% increase on an average house price across the board.
There are still many things that might affect this one way or the other. But one thing is for sure: with Caledon being such a beautiful and sought-after place to live, you can expect the market to remain pretty much healthy for the time being, regardless.