Real Estate Market STATS for June 2021

Real Estate Market STATS for June 2021

Real Estate Numbers for June 2021 are in…

Our sellers are getting mind-blowing prices for their homes!
So, what happened in real estate last month? What did the market look like? And how did we do compared to this time last year? According to a recent analysis reported by the CBC, there is “Plenty of room for house prices in Canada to rise as interest rates stay low”
Compared to June 2020, there is an increase of 4% in the number of new listings in the Niagara Region and the average days on the market is 18 for June 2021 vs 41 in June 2020!!  

The Housing Market continues to perform well!

When we compare the stats for the Niagara Region to June of last year, we can see a 13% increase in the number of sales AND an HPI benchmark price increase of 40% to $655,000!
Considering the fact that we are still dealing with the COVID-19 crisis, the real estate market remains strong!
If you ever see any sales or listings that you are curious about in your neighbourhood, just ASK and I’ll look it up!
 

How Did YOUR Municipality Perform??

Let’s look at some numbers!!
T.
PS: Remember The Salisbury Team is always here for you!
 
May Market Statistics!

May Market Statistics!

Is There A Housing Bubble…

“When will the housing bubble break?” – a question we hear repeatedly; the answer is, there is no bubble only a significant shortage of inventory, a pent-up Buyer demand, and record low Mortgage rates; three factors which continue the upward pressure on housing prices.” Said Doug Rempel, President of the Niagara Association of REALTORS®.

Why is there such a large jump in sales compared to last year?

The MLS® Home Price Index (HPI), tracks price trends far more accurately than is possible using average or median price measures and also tracks the actual number of sales within each month. With the announcement of the global pandemic in March 2020 came a virtual halt to real estate sales from March to May of 2020. The real estate market is seeing more sales as compared to last month even with record low inventory levels.

So, let’s take a look at how Niagara and your municipality performed compared to May of 2020!

Stay safe!

T.

If you ever see any sales or listings that you are curious about in the neighbourhood, just ASK and I’ll look it up!
Remember The Salisbury Team is always here for you!

Happy Mother’s Day 💐

Happy Mother’s Day 💐

Wishing All Kinds of Mother’s a Special Day!

The meaning of Mother is virtually endless. A mother is a protector, disciplinarian and friend. A mother is a selfless, loving human who must sacrifice many of their wants and needs for the wants and needs of their children. A mother works hard to make sure their child is equipped with the knowledge, skills and abilities to make it as a competent human being.

Some Mother’s Day Facts:

Did you know that in the vast majority of the world’s languages, the word for “mother” begins with the letter M?

The oldest woman to deliver a baby was recorded on April 9, 2003. Her name is, Satyabhama Mahapatra, and is a 65-year-old retired schoolteacher in India. She gave birth to a baby boy, which was her first child after 50 years of marriage and the eggs were donated by her 26 year-old niece.

More Recently, on May 4 2021, Halima Cisse, 25, gave birth by C-section to 9 babies, 5 Girls and 4 Boys!! They only could count 7 during previous ultrasounds.

For more fun Mother’s Day facts click here!

 

Stay Safe,

T.

April Market Statistics!

April Market Statistics!

The Impact of COVID on Real Estate Statistics…

“The April 2020 to April 2021 comparison emphasizes the negative impact Ontario’s first COVID lock-down had on the Provinces economy including Niagara but also shines a light on market’s dramatic recovery and the desirability of Niagara Region as a place to call home.” Said Doug Rempel, President of the Niagara Association of REALTORS®.

Why is there such a large jump in sales compared to last year?

The MLS® Home Price Index (HPI), tracks price trends far more accurately than is possible using average or median price measures and also tracks the actual number of sales within each month. With the announcement of the global pandemic in March 2020 came a virtual halt to real estate sales from March to May of 2020. The real estate market is seeing more sales as compared to last month even with record low inventory levels.

So, let’s take a look at how Niagara and your municipality performed compared to April of 2020!

Stay safe!

T.

If you have been wanting to contact us but are concerned about the impact of COVID-19, please know that we are doing all we can to keep our clients safe and that almost all of our services can be provided virtually.

 

 

March Market Statistics!

March Market Statistics!

Current Statistics Indicate A Strong Sellers Market…

“The spring market is here as evidenced by the brisk sales numbers in March. We are seeing a continued influx of buyers who are able to work remotely and families looking to move from attached units to detached properties coming to Niagara. Although supply has also increased, demand has outpaced it.” Said Terri McCallum, President of the Niagara Association of REALTORS®.

Why is there such a large jump in sales compared to last year?

The MLS® Home Price Index (HPI), tracks price trends far more accurately than is possible using average or median price measures and also tracks the actual number of sales within each month. With the announcement of the global pandemic in March 2020 came a virtual halt to real estate sales from March to May of 2020. The real estate market is seeing more sales as compared to last month even with record low inventory levels.

Is Now The Time To Sell?

Our sellers are getting mind-blowing prices for their homes! If you had thought of downsizing in the next 1-5 years, now may be the time to re-evaluate your plan. It can seem so overwhelming and a bit intimidating. The Expertise of The Salisbury Team has tried and true systems in place to help you navigate this ever changing market. I can offer helpful guidance based on you needs and ideas! Give me a call…

So, let’s take a look at how Niagara and your municipality performed compared to March of 2020!

Stay safe!

T.

If you have been wanting to contact us but are concerned about the impact of COVID-19, please know that we are doing all we can to keep our clients safe and that almost all of our services can be provided virtually.

 

 

Happy Easter!!

Happy Easter!!

It is starting to warm up and signs of spring are everywhere! Crocuses and daffodils are blooming, the grass is beginning to grow and the days are getting longer.

It just might be time to get out the golf clubs!

 

Easter 2021 – Another Covid Modified Holiday!

 

Last Easter, as we cancelled the usual easter traditions, I would never have guessed that we would be celebrating another Easter Weekend under strict COVID protocols. Many of the usual celebrations and Easer Egg Hunts have been cancelled, however some creative people have come up with ways to safely create new versions of long held traditions.

Check out this Link to 2021 Easter in Niagara!

 

 

Why Does the Date of Easter Change Every Year?

Easter, also called Resurrection Day and Pascha, is a Christian holiday celebrating Jesus Christ returning from the dead. Christians believe that it is the holiest day in the year. Some people who are not Christians celebrate it as a cultural holiday.

 

Easter is not held on the same date every year. This is called a moveable feast. Currently all Christian churches agree on how the date is calculated. Easter is celebrated on the first Sunday following the first full moon which is on or after March 21st. This means it is celebrated in March or April.

 

Here is a Link to Everything Easter on Wikipedia!

 

 

I hope you enjoy this Easter long weekend!!

Stay Safe,

T.

Happy St. Patrick’s Day!

Happy St. Patrick’s Day!

Warm St. Patrick’s wishes!

As we look towards spring, I am sending a pot full of St. Patrick’s wishes for you on this wonderful celebration!
Everyone is a little Irish for the next 24 hours

 

“The Luck Of The Irish”

This phrase did not have its roots in Ireland!
During the gold and silver rush years in the second half of the 19th century, a number of the most famous and successful miners were of Irish and Irish American birth….
Over time this association of the Irish with mining fortunes led to the expression “luck of the Irish“.

 

“Emerald Rivers”

Every year, the Chicago River in Chicago, Illinois, is dyed emerald green. The tradition has been going strong for over five decades.

Using a speedboat, a harmless vegetable dye is added into the river to get the perfect St. Paddy’s Day shade. The colour lasts about 12 hours before it fades away.
This year is no exception. Chicago surprised the city with the traditional green river for St. Patrick’s Day after saying the event would be cancelled.

 

Legendary Irish Pubs – Bizarre Facts!

Here is a link to 10 things you may not know about Irish Public Houses… From 24-hour opening, to corpses, dog shows to legally drinking in a Pub outside of legal drinking hours!

 

 

Have a sham-ROCKIN’ Day!

T.

February 2021 Market Statistics!

Current Statistics Indicate A Strong Sellers Market…

I’m not sure what the Groundhog said, but the Spring Real Estate Market is ramping up early!! When we compare the February 2021 real estate statistics for the Niagara Region to last year, we can see a 21% increase in the number of sales and houses being on the market nearly half the amount of time!  With record low inventory, residential home sales continue to remain strong.

What is HPI?

The MLS® Home Price Index (HPI), tracks price trends far more accurately than is possible using average or median price measures. The characteristics of the HPI composite benchmark in Niagara is a home between the age of 51 to 99 with three bedrooms and two bathrooms. The overall MLS® HPI composite benchmark price for the Niagara region was $578,400 in February 2021. This was an increase of 31% compared to February 2020.

Is Now The Time To Sell?

Our clients are getting mind-blowing prices for their homes! If you had thought of downsizing in the next 1-5 years, now may be the time to re-evaluate your plan. It can seem so overwhelming and a bit intimidating. The Expertise of The Salisbury Team has tried and true systems in place to help you navigate this ever changing market. I can offer helpful guidance based on you needs and ideas! Give me a call…

So, let’s take a look at how Niagara and your municipality performed compared to January of 2020!

Stay safe!
T.
If you have been wanting to contact us but are concerned about the impact of COVID-19, please know that we are doing all we can to keep our clients safe and that almost all of our services can be provided virtually.

 

 

Daylight Savings Time Spring Forward March 14, 2021.

Daylight Savings Time Spring Forward March 14, 2021.

Daylight Savings Time Is Here!

Every year Daylight Savings sneaks up on us and this year is no exception. It seems like I just sent you the head’s up on changing you clocks back!! So, with that in mind, we’re here to provide you with a reminder to help ensure you aren’t the person that forgets to change their clocks and has a tough start to their day.

On Saturday evening before you go to bed on March 13th, don’t forget to set your clock FORWARD one hour.

This is also a great time to consider some basic but important maintenance.

 

• PUT NEW BATTERIES IN YOUR SMOKE & CARBON MONOXIDE DETECTORS
• REMOVE EXPIRED ITEMS FROM YOUR REFRIGERATOR
• REPLACE EXPIRED ITEMS IN YOUR FIRST AID KIT
• CHECK FLASHLIGHT BATTERIES
• CHECK YOUR FURNACE FILTER

 

Changes On The Horizon!

The twice-a-year flip-flop moved closer to its demise last year after provincial governments in Ontario and British Columbia pledged to simply make Daylight Saving Time permanent, and after Quebec and New Brunswick hinted at doing the same. Despite all of that, the changeover will proceed as normal on Sunday, March 14, because those provinces are waiting for each other and their nearby states to do it all at once.

 

Stay Safe!

T.

The Lifecycle of A House Listing

What Happens When I Decide It Is Time to Sell My Home?

Last week we sent out a new listing notice for 207 Niagara Street. We thought it might be interesting for you to have an idea of what gets a listing from “I think I want to sell my home” to Closing day and thought we would use this property as an example!

The first thing you should do is call me! I will research the market, and if COVID allows, walk through your home to establish a competitive listing price for your home. We will talk about your expectations and our 6-Day Plan to sell your home for the best possible price.

We work with YOUR schedule to set up photography, showing schedules and preferred closing dates to name a few. Our team works with you so that you get all of your concerns and questions answered throughout the entire process.We will have questions for you as well as we complete all the paperwork ensuring the process proceeds smoothly.

The Listing is LIVE!

Let’s use the example of 207 Niagara Street. You home gets listed on MLS on Wednesday evening. We also use social media and our client base to spread the word! In this market, as soon as the listing goes up on MLS the showing appointments start booking up as was the case with Niagara Street. We use a booking platform that prevents double booking and each agent has a scheduled timeframe for access to the home, as well as strict COVID protocols to follow so that you and your family as well as those viewing your home are kept as safe as possible.

If for any reason you need to restrict times when the home can be viewed, no problem!! We simply block off those times in the booking system.

Who Went in My Home?

Over the course of 4 available days for viewing, Thursday – Sunday, 207 Niagara Street had over 60 viewings!! The booking system tracks that for us as well!!

We know who saw your home, when they saw it, and get feedback regarding their experience. Using this information we have the ability to email all, some or one of these agents as the process continues. The system issues each agent their own access code to be used for access to your home so you do not need to worry about the lockbox code getting into the wrong hands.

The Offers!

Our proven 6 day plan allows anyone looking for a home similar to yours time to see the listing once live on a Wednesday, view the home before and during weekend, and at times you want to make available to do so. The prospective buyer then has the time to consider the offer they want to make, and submit their offer on Tuesday for us to discuss all of the offers and present them to you, the seller.

Utilizing this plan, the home on Niagara Street had 6 competing offers by our offer presentation time on Tuesday. When looking at offers, we consider price, closing dates and any conditions within each and explain the pros and cons of each. We will advise you, however the final decision is ultimately up to you.

You Have Accepted an Offer, Now What?

Congratulations! Your home has been sold… In the case of 207 Niagara Street it sold for $435,000.00. That is $55,100.00 OVER ASKING price using our 6 day plan!

There are so many little things to tend to now and where to start may seem a bit overwhelming. That is where our team kicks in. Our Closing Coordinator, Leslie Bickle has you covered and will provide you with information to help make sure you have all you need to make this move go as smoothly as possible. Our concern for your continued happiness does not end at closing day. We are here for you and will check in on you every now and then to make sure of your continued satisfaction with your decision.

Is NOW the time for your to sell Your Home??

Many of our clients who I have spoken to over the years seem to have a 1 to 5 year timeline to make a move. They are wanting to downsize, move into a condo or apartment or even into an adult community centre. We feel that they should strongly consider doing it sooner than later and here’s why.


As you can see from our example of 207 Niagara Street,  through the monthly newsletters and stats, or through general real estate talk around the dinner tables with family and friends, sellers are getting absolutely mind blowing prices for their homes right now!! We do not know how long this will last, so it might be a good idea to think about shortening your timeline. Please call us to discuss your plans and let us help you make the best decision for you and your family. We will never pressure anyone to make a move they are not ready to make.

When YOU are ready, call us. If someone you know is ready, have them call us as well!

T.

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