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November 2021 Update
DID YOU KNOW?
– The average sale price is up 31% from this time last year
– Inventory levels continue to be in favour of Sellers, with 0.38 months of inventory in the City of Peterborough (that means it would take 12 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 and Central area of Peterborough are selling the most – each with 22 sales last month
– Interest rates are starting to go up, it’s a good time to talk to a mortgage broker and lock in a rate now
Take a look at the market snapshot for November 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.
📷 Little Lake cover photo credit: Emma Scott Designs
5 reasons why most home buyers work with a real estate professional
October 2021 Update
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 0.5 months of inventory in the City of Peterborough (that means it would take 15 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 29 sales last month
– Interest rates are starting to go up, it’s a good time to talk to a mortgage broker and lock in a rate now
Take a look at the market snapshot for October 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.
September 2021 Update
DID YOU KNOW?
– The average sale price is up 29% from this time last year
– Inventory levels continue to be in favour of Sellers, with 0.8 months of inventory in the City of Peterborough (that means it would take 23 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 29 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
What’s interesting about the supply and demand issue we’re facing is that a lot of the “supply” in Peterborough is above the average sale price, but the “demand” is for lower…
Take a look at the local stats for September 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.
Where Your Municipal Tax Dollars Go
Have you ever wondered where the money goes every year when you pay your property taxes?
To get a breakdown of exactly where YOUR tax money is going, you can head over to the City of Peterborough website to their property tax calculator, input your address and check it out: https://www.peterborough.ca/Modules/Tax/PropertyTax.aspx
The website will show you the assessed value of your property. This value is usually lower than the actual market value of your property (keep in mind, you want this value to be lower, because then your taxes are lower).
In this example, I am using a recently sold property in the City of Peterborough that sold for the average sale price ($610,000), based on year-to-date sales in the city so far in 2021. The assessed value for this property is $270,000 and the total taxes are $3,910.26 for 2021.
Out of this amount, $413.10 is going towards Education. You can have a look at the breakdown below to see how the remaining municipal tax dollars are distributed (based on this example).
If you have any questions, please reach out any time! 🤓
August 2021 Update
DID YOU KNOW?
– The average sale price is up 29% 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 43 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
Take a look at the local stats for August 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.
July 2021 Update
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.
June 2021 Update
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.
May 2021 Update
DID YOU KNOW?
– The average sale price is up 37% 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 17 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 59 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 May 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.
April 2021 Update
DID YOU KNOW?
– The average sale price is up 29% 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 15 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 48 sales last month
– Record-low mortgage rates, pent-up buyer demand, low inventory and a sudden wave of 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 April 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.
