Time to change the snow pictures.
The past 2 weeks the Dan and Mary Home Selling Team has tracked a 50% increase in Open house attendence, due in part to the sunny weather and apparent consumer confidence in the local housing market. We have also seen a 15-20% increase in traffic to our websites over the previous weeks. A strong buyer's market coupled with the all time low interest rates, seems to make an easy qualification for the average family with an average combined income nearing $100,000 gross. Increase in homes coming on the market, buyers out look and deals being made is also due to a relatively stable employment base of public servants. Corporate giants and small businesses alike have an exceptionally well educated and capable employment pool to continue to fill local job positions. In fact, the current immigration policy is expected to create an increased number of first time buyers who will continue to fuel the affordable starter homes and cause the ripple affect to benefit the rising number of home owners still hoping to move up. That having been said we are seeing a slow down of activity at the higher price range (over $500,000) depending on location, location, location. The sharper the price, the more activity and the faster the sale. A property Seller who is forced to reduce their asking price, in essence chases the market down as showing activity and interest declines. Carrying costs and lost opportunities must be factored in, when calculating ones net proceeds on closing. Well priced homes always sell first, faster and for more money. To give yourself a distinct advantage contact Dan and Mary today!