Softening real estate markets.

By: Gary & Gina Semeniuk

Softening real estate markets.

Tags: real estate, georgina, keswick, sutton, jacksons point, pefferlaw, york region, homes, lakes simcoe, homes for sale, sold homes

As we have been telling our clients for some time now. The markets are very likely to stay flat in 2018, meaning, we’re not seeing any real positive growth markers for this year.
If you’re a speculator, not the best news, however, they're are opportunities out there.
For those with homes that are thinking about selling. Consider selling before we head to a balanced market, or shift into a possible buyer’s market, just be in the market, not on top of it, those days are gone, inventory is rising.
What we are seeing so far heading into 2018 is that many buyers prequalified just before the new year, so many of those buyer’s now have 90 to 120-day rate holds under the old rules and we anticipate a run up in the markets, likely into May 2018, then start to taper off
Look at the facts. If you owned a home for the last five years, your home has doubled in value, possibly more. The only growth really lost was the growth in 2017. Prior to the markets correcting, the 1st quarter of 2017 we saw upwards of 35% growth, unrealistic and completely unsustainable and lead to the market shift in 2017 and the toxic deals that followed and often fell apart, so you really didn't miss much.
Trust me, managing deals in 2017 wasn't a walk in the park.
 
If your thinking about a move in 2018, let's talk. We have our finger on the pulse of the markets and can offer sound advice and a strategic plan with our experience to get you moved onto the next chapter of your real estate life.
PM or call us at 905-918-1233
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