Mulmur Real Estate – Homes For Sale


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    INFORMATION ON MULMUR REAL ESTATE – HOMES FOR SALE

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    About Mulmur Real Estate

    The beautiful rural town of Mulmur Ontario, is home to just under 4,000 residents. This small population indicates a close community of people who live quietly in this scenic town which is located near to Canada’s east coast. The real estate in Mulmur Ontario is seeing an interesting turn in 2020; read on to find out the statistics for Mulmur real estate, and what you can expect from buying property in Mulmur.

    According to real estate data collected over the past twelve months, housing prices in Mulmur Ontario have fluctuated hugely throughout 2019 and 2020. Real estate figures all over the world have been skewed greatly by the ensuing coronavirus pandemic that has turned global economics into a highly volatile thing; Mulmur, it seems, is no exception. Rural Mulmur real estate, by the end of 2019, was selling at a median price of $665,000. Twelve months later, the median price has increased by over $200,000 – a staggering increase for just a twelve month period.

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    The Mulmur Real Estate Market

    These price increases have not occurred steadily, however. Data shows that during the height of the COVID-19 pandemic in May 2020, the median sold price in rural Mulmur was at just $418,000 – that’s a whopping $470,000 lower than the median price just six months later. This drop in house prices reflects the effects that the pandemic has had on Mulmur’s real estate market. When you look at Mulmur Ontario house prices in general over the past year, however, you will see that they have been increasing overall.

    This quarter, there has been an uptick of 4.9% in housing prices in Mulmur, although in the past month the house prices have dropped by 1.7%. This drop could be the beginning of a 2021 downtick in housing prices overall, or could be attributed to the holiday season being a less popular time for families to buy property. Overall, as the quarterly figures show, it is clear that Mulmur real estate is on a steady incline – despite the fact that the yearly figure indicates a 37% average decrease in price, due to the significant dip in May and June due to the coronavirus crisis.

    Mulmur Homes for Sale – History

    What kind of homes are for sale in Mulmur? The truth is, most homes that are being sold for the highest prices are rural homes, detached, and laden with beautiful land. The homes here are a mixture of detached farmhouses, newer suburban homes and larger, old-fashioned detached homes. There is plenty of variety, although for potential buyers, it appears that it is slim pickings; with an average of just 32 days on the market, these homes sell fast.