More great news for real estate as the Bank of Canada key interest rate drops another 25 basis points. Three consecutive cuts of 25 basis points each in 2024! With this most recent interest rate cut, now is a prime opportunity to sell, buy, or invest in real estate in the Niagara region. Lower rates make it easier for buyers to finance their dream homes, while sellers can attract more interest from motivated buyers. Whether you're looking to move, invest, or find your perfect home, this is an ideal moment to take advantage of the market. Find out how this impacts your…

March was a strong month, with increases complimenting the upward trend we are seeing in the market over the last few months. With the HPI benchmark price at $633,400, an increase of over 2% over last month, which is a positive sign for the market in Niagara; buyers are starting to be more aggressive as the time on the market has been reduced to 43 days from 54 days in January.  If you're thinking of selling or buying a home or just have questions regarding the market  call or text me, I'm always happy to chat.  905 321- 6165 | www.tracyphelan.com

The Niagara real estate market had been one of the hottest in the Ontario housing sector in the fallout of the pandemic, with home prices soaring about 27 per cent between 2020 and 2021. Because many households were planting new roots in smaller communities, there was some expectation that the Ontario town could sustain this momentum. However, in recent months, the Niagara real estate market has stabilized as price growth has been modest, and sales activity has plummeted amid an environment of high interest rates. Now that mortgage rates are expected to come down over the next 12 to 24 months, what does the…

Spring market is coming soon, and with it comes the perfect opportunity to make your real estate dreams a reality! With over 30 years of experience as a trusted real estate agent in the beautiful Niagara region, I've had the privilege of helping countless families find their dream homes and successfully sell their properties. Whether you're looking to buy or sell in the Niagara Region, my expertise and dedication are here to guide you every step of the way. Let's turn your real estate goals into a seamless and rewarding experience. Reach out today and let's make this spring your season of opportunity…

Niagara is experiencing a bit of a slower sales period during the beginning of the fourth quarter with more listings but less sales than last year,” reports Niagara Association of REALTORS® President, Amy Layton. “However, pent up demand is building in the region as people have begun to adjust to the higher cost of borrowing. We're continuing to see less of a gap year over year now than the sharper declines we saw in the third quarter of 2022.”   If you have any real estate questions or just want to chat about your home's current value. Give me a call I'm…

If you’re looking to 𝗕𝗨𝗬 a home:⁣ ⁣ 🌟Don’t wait to get paperwork ready. 🌟Do everything you can NOW (gather down payment funds, get pre-approved, have your home ready to sell) so when you find your dream home you can move, and move fast!⁣ 🌟Don’t make a clunky offer. Make a clean offer with as few contingencies and concessions as possible.⁣ 🌟Don’t let your emotions run awry. 🌟Trust your Realtor. ⁣I've been in this industry long enough to know and understand the market. Let me guide you and help you make the best offer to win a home. ⁣ 👉Ready to Sell? Ready to Buy? I'm ready for you! ☺️ Send…

“Move-in-ready homes with curb appeal and in desirable areas—and that are priced to sell—are especially likely to move quickly this spring.”

It is always really special for me to assist seniors when they've made the decision to move on from their 'family' home to a smaller property. My SRES designation means I've received specialized training to help make the transition as simple as possible. I would be honoured to walk you, or a family member, through the process.

1. Increased demand: Spring is typically a popular time for home buyers to start their search, as the weather is warmer, the days are longer, and families often plan their moves during the summer months when children are out of school. By getting your home ready for sale in the spring, you'll be tapping into a larger pool of potential buyers, which can increase your chances of selling your home quickly and for a good price. 2. Better curb appeal: After a long, cold winter, your home's exterior may have taken a beating. By sprucing up your landscaping, touching up any…

The Niagara Real Estate Market Report Year over Year - February 2023 vs February 2022 As forecasted, the Niagara Region has begun to spring back as month over month sales are up, the number of listings is up and the average days on market has decreased slightly. We can see as well that home values are holding steady at roughly the same as it was in January 2023. Looking back year over year, we will continue to see larger differences in these numbers as the market did not begin to level out until late in the second quarter of 2022. New…

When it comes to buying a house, conventional wisdom would have us believe spring and summer are the prime purchasing months. The sun is shining, gardens are in bloom and “For Sale” signs start to pop up on front lawns… but perhaps we’re missing out on the best season of them all. Bargain Buys When the temperature drops, so too do listing prices, making it the perfect time to snag a real estate deal. People are less enthused about packing up all their worldly possessions in subzero temperatures. With fewer offers coming in, wintertime sellers are more willing to reduce listing prices to try…

Know the Local Market when You Sell “The most common way people give up their power is thinking they don’t have any.” Alice Walker “If you’re working on something you really care about, you don’t have to be pushed. The vision pulls you.” Steve Jobs Are you thinking of selling your home this year? If so, you might be paying close attention to housing market news covered by the regional and national media. While that news can be helpful information, it can sometimes say little about what’s happening in your particular neighbourhood. In fact, it’s possible for there to be a balanced market nationally…

The Niagara Real Estate Market Report Month to Month, September 2022 vs August 2022 Our market in Niagara continues to soften. Although inventory is up, sales have slowed resulting in a continued reduction in overall average prices. It shows our average sale price is comparable to where we were a year ago. Check out the monthly stats below. New listings in the Niagara Region were 1177 in September 2022 vs 1095 in August 2022, which is a increase of 7.5% Residential home sales totaled 399 in September 2022 compared to 457 in August 2022, which is a decrease of 12.7%. The…

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The Niagara Real Estate Market Report month to month, May 2022 vs April 2022 New listings in the Niagara Region were 1480 in May 2022 vs 1382 in April 2022, which is a increase of 7.1% Residential home sales totaled 595 in May 2022 compared to 707 in April 2022, which is a Decrease of 15.8%. ️ The average HPI composite benchmark* price was $790,500 In May 2022, compared to $814,600 in April 2022, which is an decrease of 3.0%. ️ The Niagara Real Estate Market Report Year over Year- May 2022 vs May 2021 New listings in the Niagara Region were 1480 in May…

Home buying can get a little weird, right? You're making the biggest financial decision of your life and sometimes, you have to make it within the 30-minute window of a showing or open house. That's why when I accompany my clients to showings, I encourage you to spend time getting to know the property and deciding if it checks enough of your boxes, while I focus on making sure we ask the following questions: 1) Why is the homeowner selling? 2) How long has the property been on the market? 3) Are there any other offers on the property? 4) When does the seller…

Typically, it’s easy to make your house look attractive when flowers are blooming, the sun is shining or the leaves are changing colour. But how do you make your property look great during the cold months? We asked the RE/MAX Influencers—a panel consisting of RE/MAX Sales Associates from throughout Canada—for their top Winter Curb Appeal Tips. Below are their top responses. 1 – Sweep the Leaves, Shovel the Snow A driveway with a thick layer of snow is much less inviting than a clear pathway leading to the front door of a home. Sweeping leaves and shovelling snow is incredibly important to make your…

The Niagara Real Estate Market Report month to month, December 2021 vs November 2021 Residential home sales totaled 473 in December 2021 compared to 669 in November 2021, which is a Decrease of 29.3%. The Number of new listings reported was 403 in December 2021 compared to 751 in November 2021 which is a decrease of inventory by 46.3% The average HPI composite benchmark* price was $720,200 In December 2021, compared to $679,400 in November 2021, which is an increase of 6%. Niagara housing market expected to remain hot in 2022!! If you have any questions regarding the market or looking…