Bradblog.ca: Hey Brad! How is the Real Estate Market?

Hey Brad! How is the market?

When I get this question people are looking for very short answers. They don’t want stats. They don’t want a long explanation of why the market is doing what it is doing. When I give those answers their eyes glaze over and you can see they wished they did not ask! People want one or two word answers then carry on. Good, Great, Ok and Bad seems to be the classifications.

The real estate market is like any market and their professionals.  Boring to a point. People would like to have an idea because they own a home or maybe buying in the future. So, I want to give you some boring stats that I find interesting.

The County of Peterborough is currently carrying 325 residential listings with an average price of $715,201.

The City of Peterborough is currently carrying 149 residential listings with an average price of $465,756.

The County of Peterborough is currently carrying 23 farm listings with an average price of $1,022,791.

The County of Peterborough is currently carrying 109 vacant land listings with an average price of $322094.

The City of Peterborough is currently carrying 5 vacant land listings with an average price of $567,940.

The City of Peterborough is currently carrying 8 multi-family listings with an average price of $567,940.

The balance of these listings stats are both City of Peterborough and County of Peterborough residential properties.

Listings Year to Date: -13.83%

Unit Sales: -28.59%

Average Sale Price: +5.43%

Average Days on the Market: 31 Days

This was short and sweet so I did not make it too boring. If you need more detail or would like to see what your home is worth, please give me a call.

 

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Written for you by:

Your local Realtor®

If you are looking to either Buy or Sell in Ennismore or Bridgenorth contact me immediately at 705-927-6236

Brad Sinclair, Sales Representative

Royal LePage Frank Real Estate Brokerage

Making Real Estate “Real” since 2007

www.bradsinclair.ca 

sold

 

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