FAQ #4 ARE HOME PRICES CLIMBING IN GANANOQUE?

By
Real Estate Agent with Sotheby's International Realty Canada - Brokerage
http://actvra.in/BZ2

FAQ #4 ARE HOME PRICES CLIMBING IN GANANOQUE?

Another good question your favourite Gananoque Realtor gets asked all the time!

The one thing I want people to be aware of is that everything is local.  Our Market here in the Kingston/Gananoque/Brockville area is not the same as say Ottawa or Toronto.  Please don't apply what you read in the newspaper or see on TV to your area.   There are vast differences in the National numbers as compared to the local numbers!

I publish an REPORT each month comparing the Gananoque Residential Market this month in 2012 as compared to 2011.  (stay tuned for my May Report)

It shows you:

  1. the number of new residential listings for the month and year
  2. the number of residential sales for the month and year
  3. the average sale price for the year

Strangely, the average Sale Price in 2012 is $201,122. and the average Sale Price in 2011 was $207,676. for Gananoque due to the lesser number of middle market residential properties that have sold this year: 

in 2012 we have seen only 17 homes sold as compared to 28 last year this time.

The majority of homes that have come on the market are what we refer to as First Time Buyer Homes meaning they are at a more affordable price for someone just getting into home ownership.   The people wanting to 'move up' are having great difficulty finding these next level of homes for sale iin Gananoque.  We have many many buyers looking for property in Gananoque but we have such a shortage of inventory, we're seeing them choosing homes in other areas!  We have listed for sale in 2012 only 57 homes as compared to 86 homes this time last year!!!

If you are a homeowner considering selling your home, now is the time to get it listed for sale:  the buyers are out there and they are busy looking for their next home.  You will not have as much competition as in previous years so give me a call and let's get your home on the Gananoque Market!  (or Kingston or Brockville too!)

Give Susan Emo a call because What Susan touches turns to $old! 


 

FAQ #5

FAQ #6

 

FAQ #7

 

FAQ #8

 

FAQ #9

 

FAQ #10 

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If you're thinking about selling, I'd love to meet with you and provide a Market Analysis and go over my Marketing Plan - it is the little things that make the difference.**

 Susan Emo
Sales Representative,
Sotheby's International Realty Canada, Brokerage*
Kingston, Ontario

www.SusanEmoSellsHomes.com

 Serving the Kingston, Gananoque and the 1000 Islands Region
- come for a visit and stay for a lifetime!

*Each office independently owned and operated.
** There is nothing on this blog that is intended to solicit business from anyone already under contract with another Realtor

The opinions expressed on this blog are the personal opinions of Susan Emo

If you are a non-member and would like to comment, please feel free to contact me.

Take a moment to visit my facebook fan page at
www.facebook.com/susanemosellshomes
and click "LIKE" today! 

 

 

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Rainmaker
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Li Read
Sea to Sky Premier Properties (Salt Spring) - Salt Spring Island, BC
Caring expertise...knowledge for you!

Interesting!   In my area, it's also the entry level priced residential category that is seeing the activity.

June 04, 2012 10:01 AM #1
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Richard Iarossi
Coldwell Banker Residential Brokerage - Crofton, MD
Crofton MD Real Estate, Annapolis MD Real Estate

Susan,

I believe that the shortage of inventory in Canada and the US is skewing statistics in a lot of markets.

Rich

June 04, 2012 11:36 AM #2
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Susan Emo

Kingston and the 1000 Islands Area
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