Real Estate Serving Orangeville, Caledon, Mono, Grand Valley, Shelburne, Mulmur, Dundalk, Amaranth Erin, Whats my house worth evaluation
When you are buying or selling a property, you are always going to need to benefit from having as much information as possible about the property markets at the time. Looking at somewhere like the local town of Shelburne, it is a good idea to get as close as you can to what is going on in the markets there. In this post, we are going to take a deep dive into the Shelburne real estate markets, by taking a close look at what has happened to it in the past, looking at its current trends and state of affairs, and making a couple of salient predictions for the future too. Let’s take a look and see where things stand.
First of all, we’ll take a look at some of the most important trends that have occurred over the past few years in Shelburne. This can often give us an important set of insights into why the market is where it currently is, as well as what we might be able to expect in the future too, and sometimes it can throw up ideas about, for instance, which type of property is worth buying or selling right now.
In particular, let’s look at the trends of the past three years. If we are looking at the average price for properties of all kinds in that time, we can see a clear, healthy upward trend, though with some of the usual downturns that you can expect at such a volatile time in history as this. Back in December of 2017, the average price for properties of all kinds in Shelburne was $175 per square foot. This then rose until around June of the following year – 2018 – at which time that price per square foot was levelling out at around $196.
After that, we began to see a decline of sorts, though in fact not a huge one, and all that happened was the gains of the past months cancelled themselves out again. By August of 2018, the price had gone down to $176 or so, so about where we were in December of the previous year. This is very much a part of the normal ups and downs of the real estate market, and in this Shelburne is no different to anywhere else. But there did come a more significant rise after that, with house prices shooting up consistently until January of 2019, at which point that average price per square foot became around $213, a significant increase on the previous year.
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
Of course, when these highs are reached, it is never that long until it starts to move in the other direction again, and that happened as soon as March, at which point we started to see a fall that continued all the way through to June of 2019, when the average cost became $177 per square foot. There was then a modest increase with it hitting the $200 mark around October 2019, which turned out to be only the start of a meteoric rise that lasted through to January of this year, 2020. By January 17th, $334 per square foot was the average cost of a home in Shelburne – a significant increase indeed in just a few months, and higher than anything in the past few years.
There was then a subsequent dip as the market balanced out again, but only by about half of how much that rise had initially been. In other words, by May 2020 the average per square foot cost was down to $248-$250, so still not as low as the price of October last year. With another increase through to August of this year, followed by a dip and a slight rise again, we are now in a similar place to where we were in April – as we are about to see in some more detail.
So how are things currently looking for the real estate market in Shelburne? At the time of writing in December 2020, if you want to buy a property in Shelburne you are currently going to be looking at an average per square foot cost of around $259. This is around $40 less than the cost of the same time last year, though up on the 3-year trend on the whole.
In terms of the median price of a house, that means that you are currently looking at around $688k for a home in Shelburne, whereas it was more like $484k around three years ago. As you can see, that is a fairly healthy rise, and some would say it is currently more of a seller’s market compared to 2017. For a condo townhouse specifically, the current median price is around $473k, which has sustained pretty much flat for the past few years.
Another interesting way to look at all this is to note the for sale inventory, or in other words the number of homes on the market in Shelburne during a period of time. For all home types, over the past three years this figure has risen and fallen dramatically, but it is currently around 16 a week. That is about what it was in June, although there was a rise in the middle of the year in between then and now.
All in all, it is a good time to be looking at property in Shelburne, whether you are thinking of buying or selling a property.
So how about the future? We can expect house prices to rise as standard, and hopefully next year won’t be as volatile as this year, meaning that we might even expect some further normalisation to come. In other words, it is probably a good time to be thinking about property in Shelburne right now, with the virus turning on its heels and the election in the US over – and as long as you have the right realtor on your side, you should be able to make it work out for you.