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Multiple Offers: the Lottery Win for Home Sellers

August 31st, 2020

Lately we have been receiving multiple offers on a number of properties in all price points. This happens when there are more buyers for a property than there are comparable properties to buy. The best thing about multiple offers is that they pretty much guarantee that sellers receive MORE than what the market value of their home should be AND fewer subjects: The Lottery Win. 

In multi ...

Re: Real Estate in the time of Covid: Unusually great July... could we see a busy August?

August 11th, 2020
We have seen the market rebounding strongly the last few months and July continued that trend.
 
The supply/demand equation continues to favour sellers with buyers still wanting to buy, but the supply being much lower than buyers would like to see. We have continued to receive multiple offers on many properties-although in a lot of cases (unexpectedly) the offers still came in under asking ...

RE in the Time of Covid: May Flowers

June 3rd, 2020
After the worst April we have seen in the past 38 years, May was a lot better for sellers and buyers. While we are still at very low sales levels, there were a huge number of buyers looking for homes-there just wasn't enough available for them to buy. I think if more people had put their homes on the market, we would have had a much higher sales levels for May.
 
In May 2020 we had 37% less ...

Real Estate in the Time of Covid: April sales hit 38 year low

May 11th, 2020

If you have been following the news, you have likely heard the doom and gloom regarding our current "Covid Market". It is true that our Spring Market is gone and has been replaced with a much less cheery Covid Market. However the numbers at first glance do not tell the whole story.

The numbers show that:

-sales in April 2020 were down almost 40% (39.4% to be exact) when compared ...

Re: To Video or Not to Video, that is the question...

April 24th, 2020

Over the past 2 weeks I have had 2 people ask me whether we should be posting videos for our properties now that Covid-19 is restricting showings to a certain extent. This is a great question and I assume if 2 people are asking it, 200 are likely wondering! So here is the answer.

I used to do videos for all of my listings...for years.....That was until I attended a course at the annual USA ...

Response to Questions about my Covid-19 Article

March 27th, 2020

Hi,

I would like to respond to some very valid questions I have received in response to my article earlier regarding how we will handle our business during the Covid-19 crisis.

I personally believe that we would be well served to not only do physical distancing (and quarantine for some of us!) but to have a complete lock down of our country right now (other than essential serv ...

Re: Covid-19 and Real Estate

March 24th, 2020

I thought I would provide some information about how Covid-19 is being addressed in our real estate business.

I have just returned from repatriating my children from Nicaragua to Canada and am now in self isolation for 2 weeks.  Obviously, concern over the spread of the Covid-19 AND it's impact on absolutely everything is very real and cannot be ignored.  While we hope the world continues on ...

Supply and Demand: Results show January and February are great selling months!

February 5th, 2020
January has started off the year with a bang.  Home sales activity (not to be confused with prices) is WAY up as compared to last January.
Sales were up a whopping 42.4 percent from where they were in January 2019 and 22.1 percent from December 2019. The number of homes for sale in January was 20.1 percent LESS than last January-a good thing for sellers. The number of listings this past Janu ...

Assessed Value vs. Market Value: Don’t Panic-they are NOT the same!

January 7th, 2020

Assessed Value vs. Market Value:  Don’t Panic-they are NOT the same!

Every year around this time, I receive calls from people asking what their property assessments mean. This year, because most assessments have decreased A LOT, I am receiving even more calls than usual. I am more than happy to discuss particular circumstances (read: talk people off the ledge!) however for the benefit of tho ...

Sales up....Prices are not...BUT things have improved for sellers!

November 27th, 2019
Sales up....Prices are not...BUT things have improved for sellers!
 
Over the last few months, we have seen a dramatic improvement in the market. Homes that had been sitting for quite some time suddenly sold; new listings are also selling very quickly in many cases. Recently, we had 3 homes sell after the first weekend: 2 at OVER ASKING and one at FULL PRICE. None of these homes were priced ...
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