Port Elgin, Southampton (Saugeen Shores), Paisley, Tiverton, & Kincardine
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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.
If your New Year’s Resolution was to get active, consider geocaching!
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!
Are your home’s strange sounds keeping you up at night?
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:
- Furnace Noises – A humming noise is normal but loud pops, scraping, grinding or squealing sounds should be checked out professionally.
- Scratching Sounds – The dreaded sound of scratching likely means you have rodents that are making themselves at home so take notice before it gets out of hand.
- Running Water – Check for leaks and water damage around the home. If you can’t figure it out quickly, call a plumber as it could mean a broken pipe.
- Gurgling Toilet – Gurgling noises coming from the toilet could signal a blockage in the toilet or drain, a blockage in the vent stack or a main sewer drain blockage.
- Noisy Fridge – Some whirring and clicking is normal but if your fridge is cracking or popping, it could be a compressor or a temperature regulation issue.
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!
There are various pros and cons with newer and older homes.
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.
Here are a few advantages of older homes:
- Solid as a Rock – The craftsmanship that went into building homes years ago was usually second to none.
- Old World Charm – Older homes usually boast unique architectural features such as crown moulding and stained glass windows.
- Location – Older homes are often located in well established communities with mature trees. They’re also usually close to popular downtown amenities.
- Outdoor Space – Older homes usually have larger lots which is important if you value your privacy or wish to possibly extend your home in the future.
Newer homes on the other hand have their own unique set of advantages. Here are just a few points to consider:
- Customizable – You can customize a brand new home to your own tastes with options like heated floors or granite countertops.
- Functional – Newer homes are laid out with functional features such as attached garages, larger storage areas and ensuite bathrooms.
- Low Maintenance – You’re not likely to encounter any serious issues as everything’s brand new. The home’s exterior will also be much easier to maintain.
- Energy Efficient – Better windows, insulation and appliances mean newer homes are more energy efficient which translates into lower monthly utility bills.
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!
Grey Bruce home sales nearly match 2016 record.
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.