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The average time on the market for property in Milton is 22 days.
Typical maintenance fees for property in Milton are around $436 per month.
The average age of property in Milton is 41 years.
The average property tax in Milton is $9,140.83 annually.
The average price range in Milton is between $1.00 and $19,999,999.00.
Typical property sizes in Milton range upto 5000 sqft.
The Milton real estate market is experiencing high demand, with property prices on the rise. The town is attracting both residential and commercial interest due to its growing population and development projects.
Milton is currently a seller's market. There is strong buyer demand coupled with limited inventory, which creates a competitive environment and drives up property prices.
Average home prices in Milton vary by property type. Detached homes average around $1.2 million, while townhouses and condos average about $800,000 and $600,000 respectively.
The COVID-19 pandemic initially slowed the market, but it quickly recovered. There has been a shift towards remote work, increasing demand for larger homes and suburban properties like those in Milton.
Popular neighborhoods in Milton include Old Milton, Dempsey, Scott, and Clarke. These areas are known for their amenities, schools, and community feel, making them attractive to various buyers.
The forecast for Milton's real estate market is positive, with continued growth expected. Factors such as low-interest rates, strong demand, and ongoing development projects are likely to sustain the market’s upward trajectory.
Key factors include Milton's affordability compared to nearby cities, excellent transportation links, quality schools, and a growing local economy. The town's blend of urban and rural living also makes it appealing.
The home buying process typically involves mortgage pre-approval, working with a real estate agent, searching for properties, making an offer, conducting a home inspection, and closing the deal. Legal and financial advice is essential throughout the process.
Yes, first-time homebuyers in Milton can benefit from programs like the First-Time Home Buyer Incentive, the Home Buyers' Plan (HBP), and the First-Time Home Buyer Tax Credit. These programs provide financial assistance and tax advantages.
When investing in Milton real estate, consider factors such as location, property type, market conditions, rental potential, and long-term appreciation prospects. Assessing your financial situation and investment goals is also crucial. Consulting with a real estate professional can provide valuable insights and guidance.
Vikas Palan, Sales Representative
Homelife Superstars Real Estate Ltd.
For Questions or to Schedule a Visit, Please Contact
Call: 416-939-2500 or Email: vikas@vikaspalan.com
* Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The information may only be used for informational purposes and must not be utilized in commercial activities or other improper uses, as it could cause legal issues. However, this data has been deemed reliable but not guaranteed accurate by TRREB nor Roofup representatives because they do their best to ensure accuracy while relying on multiple sources without independent verification.
** Contains information licensed under the Open Government Licence – Ontario.
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