County home sales rocket to highest month on record

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North Renfrew remains one of the hottest real estate markets in Renfrew County, according to sales figures presented to the county’s development and property committee this week.

A breakdown of residential real estate activity shows that 33 homes were sold in Deep River so far this year to the end of March.

Another 22 homes were sold in Chalk River, one in Head township (Mackey area), and two in “Laurentian Hills north” (west of Deep River).

With 58 home sales, that makes the local area the third busiest in the county, behind Petawawa (131 sales) and Pembroke (87).

The town of Arnprior was close behind with 51 sales, while Laurentian Valley had 45, Renfrew 27 and the townships of McNab Braeside 22.

The average sale price in Deep River so far this year is $265,828, up more than 28% from $207,410 in 2020 and a five-year average of $200,864.

The average price in Chalk River this year is $270,814, up a whopping 76% from the 2020 average of $153,150. The five-year average for home sales in Chalk River is $206,829.

The property sold in Head township went for $302,000, while the average price of the two sales in Laurentian Hills north was $519,450.

The average sale price in Petawawa this year has been $410,861, up $38% from $296,200 in 2020. The five-year average in Petawawa is $306,103.

Meanwhile, the Renfrew County Real Estate Board says the number of homes sold in April 2021 totalled 350 units.

This was more than triple the levels from a year earlier, surging 268.4% from April 2020 when sales were at their lowest for the month in over two decades.

This was also a new sales record for the month of April and was the highest level for any month in history.

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