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.
Grey Bruce home sales in line with 10-year average.
Residential sales activity in the geographical area covered by the REALTORS® Association of Grey Bruce Owen Sound totaled 114 units in January 2019.
This was exactly in line with the 10-year average for January, but marked a decline of 18.6% from January 2018, which was nearly a record for the month. The average price of homes sold in January 2019 was $343,156, up 8.5% from January 2018.
New residential listings in the region numbered 176 units in January 2019. While this was an increase of 15.8% on a year-over-year basis, it was still a very low reading for new supply to start the year.
Overall supply also stands just above record lows. Active residential listings numbered just 565 units at the end of January, up 10.4% from the end of January 2018, which saw the lowest supply ever recorded at any point in the Association’s history.
Months of inventory numbered 5 at the end of January 2019, up from the 3.7 months recorded at the end of January 2018 but below the long-run average of 13.9 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 January 2019 was $39.1 million, decreasing by 11.7% from the same month in 2018. Sales of all property types numbered 154 units in January 2019, down 8.9% (15 sales) from January 2018. The total value of all properties sold was $57.8 million, rising 13.2% from January 2018.
Relocating to a new city can be an exciting yet overwhelming time.
The prospect of a work relocation means you’ll need to be well organized as there’s usually not much time to get acquainted with your new area.
First off, determine what the cost of living will be in the new location. There’s no point in relocating for a higher salary if the extra income will be eaten up by increased living expenses.
Make sure to also consider factors such as workload, expense accounts, travel expectations, job opportunities for your spouse and schools for the kids. Here are a few other points to keep in mind:
- Time is Money – Create a budget and a detailed timeline to help you stay on track.
- Recon Mission – Plan a trip to familiarize yourself with the local area or check out a few community websites if it’s too far to preview in person.
- Check Yourself – A detailed checklist will help ensure everything goes smoothly which will reduce the stress that’s associated with a major move.
- Smooth Move – Select a real estate agent to sell your home and ask them to refer you to an agent in your new city who can help familiarize you with the local market.
Take the Credit – Employers often provide relocation packages to help offset expenses such as temporary housing and moving costs. There may also be certain tax credits available.
Deciding whether or not to relocate can be very stressful. Not only are you trying to negotiate a career move but you’ll also be starting a new life in an unfamiliar place. However, if you approach this process by paying close attention to all the details, you’ll enjoy a much more positive relocation experience. Please don’t hesitate to get in touch if you have questions or need any real estate advice!
If you think airplane mode is only for flying, then think again!
Airplane mode blocks your connection to cellular networks when you take to the skies but there are many other lesser known benefits to this often ignored feature.
Airplane mode also saves battery life, charges a phone quicker and it will even stop those annoying ads from displaying when you’re playing Candy Crush!
Smartphones can also be extremely distracting so if you’re down to the wire on a project, simply switch over to airplane mode for a quick notification detox so you can focus and get your work done.
Finally, if you’re concerned about electromagnetic field radiation, set your phone to airplane mode when your smartphone’s not being used for wireless transmissions as it will completely cut off any form of radiation.
Residential sales activity in the geographical area covered by the REALTORS® Association of Grey Bruce Owen Sound totaled 124 units in December 2018.
This was up 8.8% (10 sales) from December 2017 and was right in line with the 10-year December average.
On an annual basis, home sales totalled 2,816 units, a decrease of 15.6% from a strong 2017. That said, above 2,500 sales is still a solid year for the local housing market.
The average price of homes sold in December 2018 was $343,798, edging up 0.3% from December 2017. The more comprehensive annual average price was a record $358,239, rising 14.8% from 2017.
New residential listings in the region numbered 123 units in December 2018. While this was an increase of 24.2% on a year-over-year basis, it was still below average for December. Overall supply remains at record lows. Active residential listings numbered 547 units at the end of December, down 3.5% from the end of December 2017. A more average end-of-year inventory would be about 1,200 listings.
Months of inventory numbered 4.4 at the end of December 2018, down from the 5.0 months recorded at the end of December 2017 and a record low for the end 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 December 2018 was $42.6 million, rising 9.1% from the same month in 2017. Sales of all property types numbered 171 units in December 2018, an increase of 14% from December 2017. The total value of all properties sold was $61.8 million, rising 15.6% from December 2017.