Peterborough Real Estate Stats • August 17, 2021

July 2021 Update

by Kya Seguin

DID YOU KNOW?

– The average sale price is up 35% from this time last year

– Inventory levels continue to be in favour of Sellers, with 0.6 months of inventory in the City of Peterborough (that means it would take 19 days to completely sell the homes that are currently listed for sale in the city, based on the the current rate of sales activity)

– Houses in the West end of Peterborough are selling the most – with 37 sales last month

– Record-low mortgage rates, pent-up buyer demand, low inventory and relocations made possible by remote work have all contributed to strong sales and price appreciation during Covid-19

Take a look at the local stats for July 2021, and reach out if you have any questions. Whether you are buying, selling, or just daydreaming about a new home, I can help you make an informed decision.

Home Maintenance • August 13, 2021

Preventative Home Maintenance in a Jiffy

by Kya Seguin

Most of us know that regularly changing your car’s oil is the key to keeping it running for the long haul. The same theory applies to homes — a little preventative maintenance will save you down the line. Here are four quick and easy tasks that prevent costly repairs…

1. Declutter your gutters. Preventing build-up in your gutters is key to getting water away from the foundation of your home. Cleaning before winter also prevents ice build-up that can cause extensive damage.

2. Inspect hardscapes. Snow, rain and freezing temperatures can be tough on concrete, asphalt and other hardscapes. Look for cracks where water, weeds and insects can get through. Small cracks can often be sealed with a pre-mixed patch, but call a professional if you find more significant gaps or shifting of concrete.

3. Let the laundry room breathe. Vacuuming out dryer vents and air ducts helps maximize efficiency and prevents the build-up of flammable lint.

4. Clear your drains. Pouring a cup of baking soda, followed by 1/2 a cup of vinegar, down your drain and then flushing with hot water will prevent clogs.

Peterborough Real Estate Stats • August 6, 2021

June 2021 Update

by Kya Seguin

DID YOU KNOW?

– The average sale price is up 42% from this time last year

– Inventory levels continue to be in favour of Sellers, with 0.5 months of inventory in the City of Peterborough (that means it would take 16 days to completely sell the homes that are currently listed for sale in the city, based on the the current rate of sales activity)

– Houses in the West end of Peterborough are selling the most – with 44 sales last month

– Record-low mortgage rates, pent-up buyer demand, low inventory and relocations made possible by remote work have all contributed to strong sales and price appreciation during Covid-19

Take a look at the local stats for June 2021, and reach out if you have any questions. Whether you are buying, selling, or just daydreaming about a new home, I can help you make an informed decision.