BANCROFT REAL ESTATE SEES STEADY GROWTH IN THE MONTH OF NOVEMBER

December 9, 2020 - The month of November demonstrated steady sales growth for Bancroft. While listings stayed on par with November 2019, the Bancroft area is seeing a substantial increase in both sales and average sale price.


“We saw a 5.9% increase in the number of home sales in November 2020 compared to this time last year” says PKAR President Chiarina Payne. “Furthermore, we saw a substantial increase in the average price.”


According to CREA statistics the average price of homes sold in November 2020 was $444,535, advancing 24.3% from November 2019.


CREA is reporting 26 new residential listings in November 2020. This was up 4% (one listing) from the end of November 2019. Active residential listings numbered 37 units at the end of November, declining 63.7% from the end of November 2019.


***For more information contact Bill Watkins, Marketing & Communications Coordinator, PKAR


***PKAR is a non-profit trade organization that represents the “Voice of Real Estate” in Peterborough and the Kawarthas and beyond. Our membership stretches from Apsley, Bancroft and Lakefield in the North to Norwood, Hastings and Campbellford in the East, Millbrook and Cavan in the South and as far away as Toronto. Established in 1949, PKAR now represents over 650+ members across Central Ontario.


Source: https://creastats.crea.ca/board/banc

Peterborough and the Kawarthas Association of REALTORS® Inc.

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