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As a local Real Estate Agent in Ennismore, Lakefield, Smith and City of Peterborough, I am always asked the same question. "How is the market"? People want to know if it is a buyers market or a sellers market. Well, it all depends. I know our area is small but we have some major diversity in our market. We have rural residential, city residential, farms, condos, multifamily, residential waterfront, recreational waterfront to name a few areas. So how do I answer that question, same as I always do, it is "running straight with a sprinkle of encouragement". Why I say that, is we have had a market that has had very little movement since 2007. Most of the movement has been small increases. Ultimately that means we are doing well in the market in Peterborough. People ask if the bubble will burst? I have always said no as we have not had a "bubble" since 2002-2007.
So that all said we do have one segment that has been hurting. Waterfront. Our numbers have been shockingly low. What is the reason? I can not put my finger on one reason. I feel weather has not helped. I also feel money is tight for the average family and waterfront is a luxury that can be lived without. I also worry about the quality of water in our area. It is really poor with weeds and no one seems to be addressing the issue.
All in all there is a ton of optimism out in our market. Interest rates are low, financing is available and inventory seems to be selling in a reasonable amount of time.
As you know I am very proud to be part of the community of Ennismore. I thought that I would do a video of Ennismore so some people could get a small sample of what it is all about. Here it is:
Residential - Shows like new! Incredible opportunity, this 2 storey home with
private lot has undergone some very nice renovations. The house features large
bright windows, stone fireplace, hardwood floors, 3 bedrooms, 2 bathrooms and
upper level laundry area with sitting room. Attached garage entrance into foyer.
Just wait until you see the size of the backyard deck! Another deck overlooks
front yard, accessible from master bedroom. Tons to offer for your growing
family! Situated in a great area, very close to Stoney Lake and Clear Lake, golf
courses, short drive into Lakefield. School buses at the door. Gorgeous
landscaped country lot with mature trees, gardens etc.
