Quick report on our sales numbers of real estate numbers

Things in our market have seemed they have been a little off. Maybe even slow. When you drill down on the numbers we are up in good places and down in good places. When I say this I am taking a snap shot of the whole year so far in 2014. (January to July). I think things seem off because our regular spring rush never happened. We have been steady and true.throughout the year. Number of listings are up 1%, sales numbers are up 2%, sales dollar volume up 8% and expireds are down 9%. Nothing extreme of coarse but steady as she goes!

All numbers provided is from my Association; Peterborough and The Kawarthas Association of REALTORS

567 Ennis Road Ennismore Brad Sinclair Re/Max

ELEVATED BRICK BUNGALOW in the heart of beautiful Ennismore. This home features central air, central vac,and 2 baths including an ensuite. Hardwood flooring in the master bedroom and formal dining room. The lower level has oversized windows for tons of light for the games room and the rec room featuring a 4 person hot tub. The double car garage has a entrance to the basement, and a door to the rear yard. The fenced yard is made for gardeners with tons of gardens and plants. Only 10 - 15 minutes from Peterborough. Located in close proximity to Robert Young Community Centre, St Martins School and all the amenities of Bridgenorth. House is being offered for sale `As Is`. Some work is required, but property is priced accordingly to make this your next family home.

"Hi Brad, How is the Real Estate Market in Peterborough and Ennismore"?

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.