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 Year over Year - December 2022 vs December 2021 New listings in the Niagara Region were 443 in December 2022 vs 403 in December 2021, which is a increase of 7.4% Residential home sales in Niagara totaled 275 homes in December 2022 compared to 473 in December 2021, which is a decrease of 41.9% The average HPI composite benchmark* price was $631,600 in December 2022, compared to $717,800 in December 2021, which is a decrease of 12% The Niagara Real Estate Market Report Month to Month, December 2022 vs November 2022. New listings in the…

So, you’ve decided to sell your home. You’re excited for all the new possibilities! I know you want to get top dollar but, how are we going to make that happen? Here’s a 30-day plan of action:   Day 1: Change Light Bulbs and Update Light Fixtures It’s easy to forget about all the bulbs that have burned out over the years, but you want your home to be as bright as possible. Lighting makes an incredible difference in how a home looks to potential Buyers. If you have dated light fixtures (it’s OK, a lot of us do), take a quick trip…

Thank You for all the support I’ve received from everyone that made this another memorable year.  To my awesome colleagues, photographers, videographers and stagers!! It takes teamwork to make the magic happen. I’m grateful for all of you and the opportunities that came my way. As we look forward to 2023, I’m excited for all the possibilities and opportunities to help many new families buy and sell homes and build more lasting relationships.  Thanks again for all your support! All the best to all of you in 2023.      

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…

HOME STAGING TIPS THAT WON'T BREAK THE BANK I know I talk about staging a lot, and if you're about to sell, you might be thinking, "this sounds expensive." If I think we need to bring in a professional stager, I will tell you honestly. But, most of the time, staging costs very little (if anything!). Here are a few of my favorite "on the fly" staging tips: Play up the brightness of your home by opening all of the window shades, turning on every lamp, and replacing any dim lights with 100-watt bulbs. Bring your furniture off the walls --…

Are You Concerned About the Changing Real Estate Market? If you’re thinking about selling your house, you’re likely hearing about the cooling housing market and wondering what that means for you. While it’s not the peak intensity we saw during the pandemic, we’re still in a sellers’ market. That means you haven’t missed your window. Realtor.com explains: “. . . while prospective home sellers may regret that they missed their prime window, in reality, this is still a terrific time to sell. In fact, according to a recent Realtor.com® home seller survey, 95% of sellers who sold their home in the…

The Niagara Real Estate Market Report Month to Month, October 2022 vs September 2022 Month over Month, Niagara real estate has shown a small decrease in the benchmark price. The number of unit sales is slightly higher when compared to last month. This may be an indication of a trend towards stable pricing and sales in Niagara. Check out the monthly stats below: New listings in the Niagara Region were 1038 in October 2022 vs 1177 in September 2022, which is a decrease of 11.8% Residential home sales totaled 410 in October 2022 compared to 399 in September 2022, which is…

7 Reasons To Sell Your Home In Fall And Winter     After a Spring/Summer as unprecedented as this year, a lot of sellers held off listing their homes, and now that winter is around the corner they are asking: is it worth it to list now or should we wait until spring? While we can try to forecast future markets, one thing we know for sure is that the market is still strong – properties are still selling. This Spring/Summer left many people wanting as there were fewer listing available. There are a number of reasons why I recommend to clients that they list their homes…

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…

Today’s market is at a turning point, making it more essential than ever to work with a real estate professional. Not only will a trusted real estate advisor keep you updated and help you make the best decisions based on current market trends, but they’re also experts in managing the many aspects of selling your house.

✨Here are five key reasons why working with a real estate professional makes sense today.✨

1.) A Professional Follows the Latest Market Trends
With higher mortgage rates and moderating buyer demand, conditions are changing and staying on top of the latest market information is crucial when you sell.

There’s no denying the housing market is undergoing a shift this season as buyer demand slows and the number of homes for sale grows. But that shift actually gives you some unique benefits when you sell. Here’s a look at the key opportunities you have if you list your house this fall.

👉Opportunity #1:

You Have More Options for Your Move

One of the biggest stories today is the growing supply of homes for sale. Housing inventory has been increasing since the start of the year, primarily because higher mortgage rates helped cool off the peak frenzy of buyer demand. But what you may not realize is, that actually could benefit you.

If you’re selling your house to make a move, it means you’ll have more options for your own home search. That gives you an even better chance to find a home that checks all of your boxes. So, if you’ve put off selling because you were worried about being able to find somewhere to go, know your options have improved.

“The Niagara Real Estate Market is continuing to shift while buyers are in better positions to purchase their homes with more choices. The financial information available suggests residential prices will drop in the near future as well. Check out the monthly stats below. The Niagara Real Estate Market Report Month to Month, August 2022 vs July 2022 New listings in the Niagara Region were 1095 in August 2022 vs 1174 in July 2022, which is a decrease of 6.7% Residential home sales totaled 457 in August 2022 compared to 369 in July 2022, which is a Increase of 23.8%. ️ The average HPI…

Our email newsletter is a one-stop resource for relevant news and content about Tracy Phelan, a real estate agent/realtor in St. Catharines, Niagara Region. 

As a company working on real estate, we were getting a lot of work done over the pandemic. Many wanted to move from the city to the suburbs with city rent skyrocketing, and for the most part, they worked from their homes and were barely going to the office. We worked on understanding the clients we were working with and making suggestions based on their requirements.

⭐️The Niagara Real Estate Market Report Month to Month, July 2022 vs June 2022 New listings in the Niagara Region were 1174 in July 2022 vs 1534 in June 2022, which is a decrease of 23.5% ⬇️  Residential home sales totaled 369 in July 2022 compared to 483 in June 2022, which is a Decrease of 23.6%. ️⬇️ The average HPI composite benchmark* price was $716,500 In July 2022, compared to $753,200 in June 2022, which is an decrease of 4.9 %.️ ️⬇️  ⭐️The Niagara Real Estate Market Report Year over Year - July 2022 vs July 2021 ⭐️ New listings in the Niagara Region…

If you are retiring, you need to think about lifestyle changes you're going to make since you're no longer tied to a job. For many people, downsizing to a smaller -- and typically cheaper -- home is one smart lifestyle change worth making. Here are four big benefits that could make a move worthwhile: 1. Cash in your equity to bulk up your nest egg For many people, their home is their most valuable asset. If you've paid off all or most of your mortgage and/or if your home has gone up in value since you bought it, you might have tens of thousands (or…

Here's a Checklist for Working With a Mortgage Broker/Agent https://bit.ly/3gwfl9s Do you have any real estate questions? I'm always happy to help. Visit https://www.tracyphelan.com today!    https://www.fsco.gov.on.ca/en/understanding-mortgages/Pages/checklist-broker.html?fbclid=IwAR32oLRYgt303EwSlGxovlv5DzHOrFiNjdRFIGZFCxxu4tn3P_MSgrjpTBc

'When it comes to saving for a home, Canadians have access to a number of investment strategies. ' Click on the link above for key information for first time home buyers.