Homes in Milton and Newmarket sell at record breaking pace
January 30, 2012 by Mark
The real estate market in Newmarket and Milton has had a strong start in 2012, despite the winter typically being a slower season for home sales. In fact, detached homes in Newmarket sell faster than any other region in the GTA, according to the Toronto Real Estate Board.
Homes sold after only 25 days on the market in Newmarket and only 26 days after being listed in Milton, making them desirable areas in the real estate market. When driving through both towns, a large amount of advertising include banner printing for new housing developments can be found throughout both towns.
Both communities have housing options that cater to every segment of the population. The Toronto Real Estate Board warns that even slower developments will catch up, as both Milton and Newmarket are working hard to attract new residents within their borders.
The number of new developments has meant that print companies in the area have been busy creating signage for the number of new housing projects in the area.
It has also meant an increase in price for new and resale housing in both Newmarket and Milton, as demand has not been able to keep up with supply.
Prices are expected to rise another 4% in both communities, according to the Toronto Real Estate Board, with no slowdown in site.
It looks like the banner printings for new developments will stay up for the time being and print companies will have a very busy year creating signage.