The Brad Sinclair Team, Rural Real Estate-Buy, Sell, Invest.

Monday, March 6, 2017

The 2017 Peterborough Home Outdoor & Design show is March 11 & 12, 2017-Brad Sinclair Flat Rate Realty

Upcoming this weekend at the Peterborough Memorial Centre it the Peterborough Home and Outdoor show that is hosted by the City of Peterborough. This show features local home improvement, builders, contractors and designers. This is the first sign of spring HOME SHOWS!

Admission is $5.00 and children under the age of 12 is free.

For more information please click here

Thursday, March 2, 2017

Peterborough and Area Real Estate Market Update March 2017-What You need to know. Brad Sinclair Flat Rate Realty

Peterborough and Area Real Estate Market Update March 2017-What You need to know.

I am coming to the realization that this market we experienced in 2016 is going to continue into 2017 according to the market indicators that I can study. Sellers are going to enjoy the quick sales with record values and Buyers are going to loose out on homes they are desperately trying to buy. I will go on the record right now that this is not an enjoyable time for any Realtor especially if they are dominantly a Buyers Agent.

In February our listing numbers were down again even from 2015. We had 255 listings compared to 366 in 2016 and 386 in 2015. March will be the real tell tale of what we will see for 2017. Anything less than 575 listings is going to be a disaster for Buyers.

Units sold are down from 2016 and up from 2015. I believe the only reason for the lower number of units sold it there was no inventory to sell.

There was 47 expired listing on the market. Keep in mind the numbers shown includes Residential, multifamily, vacant property and commercial. Most of the 47 listings fall in the commercial side.