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.
Residential sales activity in the geographical area covered by the REALTORS® Association of Grey Bruce Owen Sound totaled 284 units in August 2018.
This was down 9.3% from August 2017 and stood broadly in line with the 10-year average for that month.
On a year-to-date basis, home sales totalled 2,011 units over the first eight months of the year. This was a decrease of 16.8% from the record for the same period in 2017.
The average price of homes sold in August 2018 was a record $443,865, surging 43.2% from August 2017. The magnitude of price gain was the result of one unusually expensive residential property sale.
Excluding this one transaction from the calculation lowers the average price by almost $80,000 to $364,640 and trims the gain to a still robust 17.7%. The more comprehensive year-to-date average price was $358,052, rising 15.2% from the first eight months of 2017.
New residential listings in the region numbered 353 units in August 2018. This was down 9% on a year-over-year basis and was the lowest number of new listings to hit the market in the month of August since 2002.
Overall supply stands at record lows. Active residential listings numbered 913 units at the end of August. This was a decrease of 19.5% from the end of August 2017.
Months of inventory numbered just 3.2 at the end of August 2018, down from the 3.6 months recorded at the end of August 2017 and a record-low for this time of the 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 August 2018 was $126.1 million, a large increase of 30% from the same month in 2017. This was the highest dollar volume for this time of the year; however, removing the one unusually expensive residential property sale reduces the dollar volume to $103.6 million and cuts the year-over-year gain down to 6.8%.
Sales of all property types numbered 360 units in August 2018, down 9.3% from August 2017. The total value of all properties sold was $149.3 million, rising 27.6% from August 2017.
It’s important to be prepared in the event of a fire.
Planning for a house fire isn’t something most people want to think about but if such an event occurred, you’d need to act fast. Having a fire escape plan is critical so here are a few points to consider:
- Floor It – Draw up a floor plan of your home that shows at least two ways out of each room.
- Keep it Clear – Ensure there aren’t any obstacles in front of windows, doors and escape routes.
- Practice Makes Perfect – Crawl through escape routes with your family during annual practice drills.
- Window of Opportunity – Family members need to know how to open all windows and remove screens.
- Climb on Down – Make sure escape ladders are accessible and not buried in the back of closets.
- Rendezvous – Designate a special meeting place for all family members once you’ve evacuated.
- Get Out & Stay Out! – Remind children never to re-enter a burning home under any circumstances.
If you live in a condo or apartment building, ensure you know the evacuation plan and do a few practice drills. Knowing what to expect and how to act is key in any emergency situation so practice your escape plan at least twice a year.
Moving to a new Port Elgin home is an exciting life change but it can also be very stressful if you’re not properly prepared.
It’s important to create a detailed checklist a few months ahead of time in order to ensure things go smoothly. Here are some points to help get you started:
Two Months Before
- Itemize all of the major items you’ll be moving.
- Get estimates and book the movers or a rental truck.
- Have a garage sale or donate items to charity to get rid of excess clutter.
- Start sucking up to friends and family for help!
One Month Before
- Switch your insurance, medical and school records to your new location.
- Arrange to disconnect and reconnect utilities and phone/internet services.
- Notify any other important parties of your new address.
- Start stockpiling various sizes of boxes.
Two Weeks Before
- Start packing up room by room.
- Plan meals so food in your fridge and freezer gets used up.
- Arrange for someone to look after your pets on moving day.
- Return library materials and other rental items.
The Final Week
- Water your plants a few days before you move.
- Put together a small bag of clothes and toiletries for the first few days.
- Gather valuable items such as legal documents and family photos so you can transport them yourself.
- Pack a box with essentials such as cleaning supplies, chargers, light bulbs, soap, garbage bags, etc. for the first week in your new home.
Day of the Move
- Make sure you have your new keys.
- Double check the movers have your new address and cell phone number.
- Have lots of refreshments on hand for your busy helpers!
Moving can cause a wide range of emotions from sadness to extreme excitement. Although moving can be stressful at times, a little bit of planning will provide you with some very valuable peace of mind. With the help of this checklist, you can now breathe a sigh of relief and enjoy this exciting new phase of your life!
As summer winds down, we need to start getting the kids back into the school time routine, starting with bedtime. Here are a few tips to help them adjust:
- Screens Out – Don’t let your kids play video games before bedtime as screens can affect their sleep.
- Get Moving – Exercise improves sleep considerably so try and sneak in extra activities throughout the day but avoid it two hours before bed.
- Gradually Adjust Bedtime – Don’t wait until the night before school. Instead, gradually take it back 10 – 15 minutes early until you reach the desired time and get up at the same time each morning.
Being sleep deprived will affect both your kids and your own ability to focus and learn. It’s therefore important to adopt good sleep habits to help increase your energy levels during the day which will in turn help you sleep better at night.