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Posts Tagged ‘real estate’

Carleton Place council confirms sale of four lands

Wednesday, November 23, 2016 @ 12:11 PM
posted by April Scott-Clarke

By Jane Hobson
jane@pdgmedia.ca

Carleton Place Council confirmed the sale of four properties at the Nov. 22 council meeting at Town Hall.

The land included is: Allan Street Property, Cavanagh Property on Morris Street, part of Old Franktown Road and part of the land on Highway 7 adjacent to the Rivington Property. The Allan Street Property was sold for $144,555 and the other lands were sold for $139,000, $2,055 and $2,889, respectively.

The municipal lands were previously identified as surplus to the needs of the Town of Carleton Place meaning they can be sold.

Robertson: Real estate market heats up in spring

Sunday, May 8, 2016 @ 01:05 PM
posted by admin

Submitted by Dave Robertson

Spring is usually the busiest time of the year for the real estate market, and this season is looking to be no exception.

Real estate activity starts to heat up in March and normally peaks in the month of May, before it slowly tapers off through the remaining of the summer.  November through February is unsurprisingly the slowest time of year for real estate sales.

Thanks to the early warm weather, we saw many new listings come on the market sooner normal. Over the past five years, we’ve seen an increasing amount of inventory available on the market. We typically would see eight to 12 months of inventory at this time of year, but we already have approximately 15 months worth on the market. This means there is more competition among sellers, and more supply for buyers to choose from.

In Lanark County and North Grenville, when we look at the length of time a home typically takes to sell, the average days on market is up to 126 days. This is slightly higher than past years but is expected to decrease slightly during the summer period.

The number of expired listings over the last five years has consistently increased as well. (An expired listing is when a home has been placed on the market with a licensed real estate agent but doesn’t sell during the term of the contract.)

When we consider all of this together — high inventory levels, extended days on market, and increase in expired listings — it describes a market that is more favourable for buyers than sellers. Buyers are able to shop the plentiful inventory and find the best deals. Record breaking low interest rates also make it easier for home buyers afford their next dream home.

However, all is not hopeless for sellers. Numbers of unit sales continue to increase year over year. The recipe to getting your home sold typically boils down to three key ingredients: price, condition, and marketing. Having a competitive asking price is critical to having your home stand above the competition. Close price to list price remains very close at 97 per cent with only 3 per cent of the price being negotiated during the sales period.

Buyers are also looking for homes that are move-in ready. Sellers are encouraged to finish their renovation and improvement projects before placing their homes on the market. Proper home staging is also a must in today’s market.

Finally, you want to ensure that you have a powerful marketing strategy designed to maximize the exposure of your home to as many qualified buyers as possible.

The Lanark and North Grenville area has a diverse amount of available homes both in highly populated city centers such as Almonte, Carleton Place, Kemptville, Smiths Falls, and  Perth, and in many rural and cottage areas.  More than 50 per cent of the market is made of homes in the $200,000 to $350,000 price range, with a quarter of homes being in the $250,000 to $300,000 range.

Over the past five years for this area, resale home prices have increased consistently at approximately 3.7 per cent every year. It is cautioned, however, that average sales price information can be useful in establishing trends over time but should not be used as an indicator that specific properties have increased or decreased in value.

Dave Robertson
Sales Representative
Keller Williams Solid Rock Realty
1 Antares Drive, Suite 110, Ottawa, ON, K2E 8C4
Direct: 613-355-7313
daverobertson@kw.com









Posts Tagged ‘real estate’

Carleton Place council confirms sale of four lands

Wednesday, November 23, 2016 @ 12:11 PM
posted by April Scott-Clarke

By Jane Hobson
jane@pdgmedia.ca

Carleton Place Council confirmed the sale of four properties at the Nov. 22 council meeting at Town Hall.

The land included is: Allan Street Property, Cavanagh Property on Morris Street, part of Old Franktown Road and part of the land on Highway 7 adjacent to the Rivington Property. The Allan Street Property was sold for $144,555 and the other lands were sold for $139,000, $2,055 and $2,889, respectively.

The municipal lands were previously identified as surplus to the needs of the Town of Carleton Place meaning they can be sold.

Robertson: Real estate market heats up in spring

Sunday, May 8, 2016 @ 01:05 PM
posted by admin

Submitted by Dave Robertson

Spring is usually the busiest time of the year for the real estate market, and this season is looking to be no exception.

Real estate activity starts to heat up in March and normally peaks in the month of May, before it slowly tapers off through the remaining of the summer.  November through February is unsurprisingly the slowest time of year for real estate sales.

Thanks to the early warm weather, we saw many new listings come on the market sooner normal. Over the past five years, we’ve seen an increasing amount of inventory available on the market. We typically would see eight to 12 months of inventory at this time of year, but we already have approximately 15 months worth on the market. This means there is more competition among sellers, and more supply for buyers to choose from.

In Lanark County and North Grenville, when we look at the length of time a home typically takes to sell, the average days on market is up to 126 days. This is slightly higher than past years but is expected to decrease slightly during the summer period.

The number of expired listings over the last five years has consistently increased as well. (An expired listing is when a home has been placed on the market with a licensed real estate agent but doesn’t sell during the term of the contract.)

When we consider all of this together — high inventory levels, extended days on market, and increase in expired listings — it describes a market that is more favourable for buyers than sellers. Buyers are able to shop the plentiful inventory and find the best deals. Record breaking low interest rates also make it easier for home buyers afford their next dream home.

However, all is not hopeless for sellers. Numbers of unit sales continue to increase year over year. The recipe to getting your home sold typically boils down to three key ingredients: price, condition, and marketing. Having a competitive asking price is critical to having your home stand above the competition. Close price to list price remains very close at 97 per cent with only 3 per cent of the price being negotiated during the sales period.

Buyers are also looking for homes that are move-in ready. Sellers are encouraged to finish their renovation and improvement projects before placing their homes on the market. Proper home staging is also a must in today’s market.

Finally, you want to ensure that you have a powerful marketing strategy designed to maximize the exposure of your home to as many qualified buyers as possible.

The Lanark and North Grenville area has a diverse amount of available homes both in highly populated city centers such as Almonte, Carleton Place, Kemptville, Smiths Falls, and  Perth, and in many rural and cottage areas.  More than 50 per cent of the market is made of homes in the $200,000 to $350,000 price range, with a quarter of homes being in the $250,000 to $300,000 range.

Over the past five years for this area, resale home prices have increased consistently at approximately 3.7 per cent every year. It is cautioned, however, that average sales price information can be useful in establishing trends over time but should not be used as an indicator that specific properties have increased or decreased in value.

Dave Robertson
Sales Representative
Keller Williams Solid Rock Realty
1 Antares Drive, Suite 110, Ottawa, ON, K2E 8C4
Direct: 613-355-7313
daverobertson@kw.com

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