Port Elgin Real Estate, Southampton (Saugeen Shores), Paisley, Tiverton, & Kincardine
Helping you make the right move.
Port Elgin and Area Real Estate News
Updates on the Port Elgin, Southampton (Saugeen Shores), Paisley, Tiverton, & Kincardine real estate market, home buyer & seller tips and general real estate advice.
Pricing your home correctly is critical to a successful sale as it will help ensure that your home sells for the most amount of money, in the shortest amount of time.
Determining a home’s asking price involves comparing similar homes in nearby areas that have recently sold while also taking past, present and future market trends into account.
Although you may have your own personal opinion of what your home’s worth, it’s important to be unbiased and realistic. At the end of the day, it’s the market that determines your home’s true value.
There’s always a huge buzz when a new property hits the market but if the price is too high, it will quickly become stale and there won’t be any incentive for buyers to make a swift, strong offer. Worse yet, if it sits on the market too long, it’ll develop a stigma. We’ve all walked past a home that’s sat on the market for ages and wondered, “what’s wrong with it?”
Having your property sit on the market is also very inconvenient as you’ll constantly have to keep it in a show-ready state which can be extremely stressful, not to mention exhausting. Furthermore, carrying costs such as mortgage interest, insurance, taxes and utilities will quickly add up if you get stuck carrying two homes at once.
Overpricing your property will actually help your competition as buyers will see other homes in your area as much better deals since they’re less expensive. If, on the other hand, your home is priced close to fair market value, those same buyers will consider your home much more seriously.
Pricing a home is part art and part science. Market factors such as the economy, time of the year and interest rates can all make a huge difference. Your home only gets one chance to make a great first impression so it’s important to enlist the services of a highly-qualified real estate agent to help you get things done properly from start to finish. Please don’t ever hesitate to ask if you have any questions!
Halloween’s a great way to get to know the people on your street!
It’s not often that the people on your block are out roaming around in full force so why not use Halloween as an opportunity to build some community spirit! Here are a few fun ideas to consider:
- Scariest House on the Block – Hold a competition for the best-decorated house, get everyone involved by voting and have a small prize for the winner.
- Open House – Forge new friendships by hosting an open house. Serve a few simple drinks and snacks and invite everyone on your block either before, after or during trick or treating.
- Grossest Grub – Have all the families on your street bring a Halloween-themed food item and then vote on the grossest, scariest food to see who wins!
It’s easy to avoid contact with those who live close by, so this Halloween, why not help build up your Port Elgin community with some spooktacular fun and make some new friends!
Grey Bruce home sales down from same time last year.
Residential sales activity in the geographical area covered by the REALTORS® Association of Grey Bruce Owen Sound totaled 220 units in September 2018. This was a decrease of 18.5% from September 2017.
On a year-to-date basis, home sales totalled 2,230 units over the first nine months of the year. This was a decrease of 17% from the record for the same period in 2017.
The average price of homes sold in September 2018 was $361,652, rising 19.8% from September 2017. The more comprehensive year-to-date average price was $358,439, rising 15.7% from the first nine months of 2017.
New residential listings in the region numbered 337 units in September 2018. This was down 4.5% on a year-over-year basis and was the lowest number of new listings to hit the market in the month of September since 2001. Overall supply stands at record lows. Active residential listings numbered 909 units at the end of September. This was a decrease of 14.3% from the end of September 2017.
Months of inventory numbered 4.1 at the end of September 2018, up slightly from the 3.9 months recorded at the end of September 2017 but well below the long-run average of 9.7 months 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 September 2018 was $79.6 million, edging down 2.4% from the same month in 2017. Sales of all property types numbered 299 units in September 2018, a decrease of 12.1% from September 2017. The total value of all properties sold was $100.1 million, up 5.2% from September 2017.
Pet Parenting? Yes, there’s an app for that too!
As proud pet parents, we’re always looking for ways to make our furry friends’ lives better.
There have been huge advances in smart home technology for pets but with these apps, all you need is your smartphone!
- PetCoach – This is perfect for new and seasoned pet owners. Whether you need a second opinion or it’s after hours for your vet, this app has all the answers!
- BringFido – This handy app lets you know which hotels, attractions and restaurants welcome pets so you won’t have to leave your hound at home.
- Dogo – This dog training app is based on positive clicker training. It’s fun, comes with a built-in clicker and monitors your progress. It will then personalize future training sessions according to your feedback.
Be a plugged in pet owner and let these handy tools help keep your pet healthy and happy. All apps are available for both Android and iOS and none of them cost a cent!