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Ibrahim Asabullah and his family were planning to sell their house this summer to move to Oakville.
Upon putting the house on the market, it was sold in two-days at a higher price than what they expected.
He says the pandemic really messed with their expectations heading into selling their home.
Asabullah adds that the house was put on the market on a Sunday.
He joked that he was essentially without a home for the time being as the house had constant house-viewings. There was a little concern when it came to having strangers enter his home throughout the day, due to COVID-19. The family says they trusted the agents that were showing the place to keep an eye on any children, and there were cameras set-up in and around the house for safety reasons. There was also hand sanitizer provided for people as they entered the home, and viewers were asked to wear a mask.
By Tuesday, they had three legitimate offers and the house was sold above their asking price.
He says Milton residents shouldn’t be afraid to sell their homes during the COVID-19 pandemic.
Adding that, through his experience, the Milton real estate market is a part of a prime location.
Asabullah was not comfortable sharing the price of the home.
Last month, the Oakville & Milton Real Estate Board said, in Milton, the average sale price for a home in May 2020 was $1,006,355, up 5.3% from $955,926 in 2019.
The average sale price for a townhouse/condo in the same area for May 2020 was $643,343, up 7.8% from $596,717 in May 2019.
In January, real estate website and brokerage Zoocasa predicted a big growth year for real estate. That was before the COVID-19 pandemic began, but it’s possible it could still hold true.
