Spring is in the air and shovels have now broken ground at Westlinks!
The new development will include 42 bungalow townhomes, 60 single family homes, apartments and commercial space.
Residential sales activity recorded through the Ontario Collective MLS® system for the Grey Bruce Owen Sound and Wellington areas was down in February 2018 from the record for the month in 2017.
Home sales numbered 132 units in February, down 23.3% from February 2017. The February 2018 sales figure was right in line with the 10-year average for the month.
On a year-to-date basis home sales totaled 253 units over the first two months of the year. This was a decrease of 10.6% from the same period in 2017.
The average price of homes sold in February 2018 was $322,108, up 12.3% year-over-year compared to February 2017. The year-to-date average price rose 15.1% from January and February 2017 to reach $324,284.
New residential listings in the region numbered 199 units in February 2018. This was down 13.5% compared to February 2017 and marks the lowest level of new residential listings for the month of February on record.
Overall supply also stands at record lows. Active residential listings totalled just 508 units at the end of February, down 35.4% from February 2017.
The number of months of inventory stood at just 3.8 at the end of February 2018, down from the 4.6 months recorded a year earlier and the lowest level on record for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
The dollar value of all home sales in February 2018 was $42.5 million, down 13.8% from February 2017.
Sales of all types of properties numbered 162 units in February 2018, down 23.9% from the previous February. The total value of all properties sold in February 2018 was $51.6 million, down 10% from levels recorded in February 2017.
It’s that time of year when homeowners are thinking about revamping and refreshing their space. Here are a few of the latest trends and styles that are gaining steam:
If you’re thinking about breathing some new life into your Port Elgin home with a new year’s makeover, be sure to take the latest trends into account during the planning stage. Hopefully these ideas have given you inspiration to inject some new style into your home!
Countless tragedies are prevented each year by smoke detectors. Here are a few tips to ensure your smoke detectors are in full working order:
There should be at least one alarm installed on each floor including the basement and preferably every bedroom.
Alarms can be hard wired, battery powered or preferably a combination of both. Interconnected smoke alarms are best because when one alarm goes off, they all do. If you have any questions, Saugeen Shores fire department will be more than happy to help.
Geocaching is a high tech treasure hunt where a GPS app is used to locate various hidden caches. It’s a great way to get active with your family while exploring the great outdoors!
Geocaches are hidden stashes that contain small treasures along with a logbook. Once you find a geocache, you replace the treasure with something of your own, log in your details and then check-in online.
Exploring hometown hiking trails takes on a whole new meaning when geocaching and the best part is it doesn’t cost a cent! Instead of searching around for the remote this Sunday afternoon, head outdoors for a real life treasure hunt!
Part of settling into a new home is figuring out what noises are normal. Most are nothing to worry about but some could signal a deeper issue. Here are a few that you should pay attention to:
You can expect to hear some noises coming from your home as the various building materials will contract and expand. Just keep an ear out for anything unusual and don’t hesitate to call a professional if in doubt!
Home buyers face countless decisions when purchasing a home. One of the first things to figure out is whether you prefer a newer home or an older home.
Comparing newer and older homes can be tricky as it depends on individual preferences as well as family priorities.
Newer homes are usually more functional but older homes offer a level of character that new homes can’t match. You may already have a good idea of what you prefer but keep an open mind as you become more familiar with the pros and cons of each. This is one of the biggest investments you’ll ever make so do your research before signing on the dotted line!
Residential sales activity recorded through the MLS® System of the REALTORS® Association of Grey Bruce Owen Sound fell on a year-over-year basis in December 2017 from all-time record levels in 2016.
Home sales numbered 116 units in December, down 21.1% from December 2016. That said, this was still above most other December sales figures in history.
On an annual basis, home sales totalled 3,118 units in 2017. That was the second best year ever, down just 1.7% (54 sales) from the 2016 record.
The average price of homes sold in December 2017 was $320,712, up 15.7% year-over-year. The average annual price for 2017 was $299,953, rising 12% from all of 2016.
New residential listings on the Association’s MLS® System numbered 93 units in December 2017. This was down 3.1% compared to December 2016. Overall supply stands at record lows. Active residential listings totalled 507 units at the end of December, down 30% from December 2016.
The number of months of inventory stood at 4.4 at the end of December, down from 4.9 months a year earlier and the lowest level on record for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
The dollar value of all home sales in December was $37.2 million, down 8.7% from December 2016, but still the second highest December reading on record.
Sales of all types of properties numbered 152 units in December 2017, down 16.5% from the previous December. The total value of all properties sold in December 2017 was $50.9 million, down 3.1% from levels recorded in December 2016.
Research shows that there are many physical and mental health benefits to enjoying a sense of belonging. Here are a few ideas to help you build community spirit:
Getting to know people who live close by will really improve your quality of life and foster a sense of belonging. Social media can also help build a safe, connected, friendly place to live by providing a platform to share events and ideas.
Feng shui is an ancient Chinese practice that helps achieve a harmonious living environment in order to promote happiness and prosperity. Here are a few ideas to enhance the energy flow around your home:
Feng shui emphasizes that our physical surroundings have an impact on our emotional well-being so it’s important to be aware of how we arrange our space. Buyers often feel certain vibes when they enter a home so a “harmonious feel” could be the difference between a quick sale and one that drags on.