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Thinking of downsizing? It may be time to cash in.
Did you know the average list-to-sale ratio for all freehold properties in the City of Peterborough so far this year is at 111%?
Take a look at the graphic to see a breakdown of list-to-sale ratios for each district of Peterborough (based on 2021 stats so far).
If you or someone you know have been thinking about downsizing, now may be the time to cash in on this market! Food for thought… Some other benefits to decreasing your home size are saving money, energy, resources and saving time on upkeep.
March 2021 Update
DID YOU KNOW?
– The average sale price is up 43% 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 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 43 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 March 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.
