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 your listing expired and your house didn’t sell, you’re likely to feel a little frustrated. Not to mention, you’re also probably wondering what went wrong. Here are three questions to think about as you figure out what to do next. Did You Limit Access to Your House? One of the biggest mistakes you can make when selling your house is restricting the days and times when potential buyers can tour it. Being flexible with your schedule is important when you’re selling your house, even though it might feel a bit stressful to drop everything and leave when buyers want to see it (especially at mealtimes). After…

The Niagara Market Update for August 2023 Niagara real estate continues to hold steady, and with the recent Bank of Canada announcement September 6th that interest rates will hold for now. August showed us less new listings than July, with basically the same amount of sales, but this is expected during this month, as many are enjoying the last days of summer and getting the kids ready for school, We are also seeing the gap getting smaller regarding HPI composite benchmark price. Prices are only down 1% from July to August of 2023, and down 3.6% from August 2022 to August 2023.…

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…

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…

Niagara Real Estate Stats stats below for November: The Niagara Real Estate Market Report Year over Year - November 2022 vs November 2021 New listings in the Niagara Region were 880 in November 2022 vs 751 in November 2021, which is a increase of 17.2% Residential home sales in Niagara totaled 335 homes in November 2022 compared to 669 in November 2021, which is a decrease of 49.9% ⬇️ The average HPI composite benchmark* price was $642,600 in November 2022, compared to $701,400 in November 2021, which is a decrease of 8.4% ⬇️ ⭐️The Niagara Real Estate Market Report Month to Month, November…

Deciding when to retire can be a big financial decision. Home buying and home sales are changing. It’s incredibly important to have a real estate agent who not only adapts with the changing times but evolves before it actually happens. Give me a call or send me a message. I can help you decide if downsizing before retirement might be the best decision for you and if the timing is right. www.tracyphelan.com