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The View from Blue – September 2015

Posted by Sherry Rioux on September 14, 2015

Everyone I speak with seems shocked at how fast summer has flown by. They say time passes more quickly as you age, but since I am still 29, how could that possibly be?

This past summer has been another banner season in real estate. For the first time in MANY years, we are now in a SELLER’s MARKET. The stats for Collingwood have been released for August 2015 vs 2014 and indicate strong growth. We have very low inventory, as listings are down 16.3%, expired listings are down 30.1%, but the number of sales in the western region of the Georgian Triangle are up 15.2%. This is a good news story. Average prices in Collingwood for single family detached homes are up 7.8%, The Blue Mountains up 6.8% and Meaford 7.4%.

With interest rates at an all time low (one client told me he  was quoted a 2.25% mortgage rate!), now is the time to get into our market! I recently asked a client who is in investment banking, why he was wanting to purchase NOW and he told me that he felt the market was going to be taking a rather big hit and that some will be shocked when they see what is forthcoming. He was choosing to put his money into bricks and mortar instead of risking his hard earned income in the markets. “Good point,” I replied!

And for those looking for ski season rentals, believe it or not, time and inventory are running out. There are VERY FEW rentals on the market and we have rented almost ALL of our own listings. If you would like to rent your condo or chalet, please contact me as soon as possible. We have tenants just waiting to secure their ski season accommodation.

I am desperately seeking new listings as I have buyers looking for waterfront properties, properties with acreage, Admirals Gate upper suites and 3 bedroom garden homes in Lighthouse Point. Please call or email me at sherryrioux@rogers.com if you are thinking of listing!

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