Haliburton Real Estate Update – December 2014

I wanted to take this opportunity to provide an update of the Haliburton County real estate market for 2014 to date. Overall we had a positive year. Summer was a bit sluggish but we moved into a very robust fall. The cottage/waterfront market grew by 1% in sales volume. However, there was still pressure in the market as the average price dropped by 5% compared to 2013. The average price was affected primarily by sluggish high-end market ($500,00 plus). The $300,000-$500,000 was strong. The real growth came from the residential off-water market for Haliburton County. Sales were up 7% compared with 2014 and prices soared on average by 24%.

As ‘boomers’ continue to find Haliburton to be the ideal place to ease into retirement, we are finding people looking at off-water options that offer privacy and quality, in addition to the more traditional homes or cottages situated on water. Haliburton County continues to offer privacy, quality and good-value regardless of whether you choose to be off or on water. All the communities within Haliburton County are an appealing option for those wishing to spend their golden years surrounded by nature – away from the hustle and bustle of the city.

Vacant waterfront sales were slightly down in both volume and in prices mostly due to a reduced quantity of inventory compared with previous years. We did see improvement in sales for vacant non-waterfront lots as some people are opting to build and design their dream home.

In summary, I see a very strong Haliburton County real estate market for years to come. The demographics of the ‘boomers’, easier access to the County (404, 407, 35 expansions), GTA growth and improved local services (internet, cell, hospitals, etc.) The strong fall market and decent overall macro projections should have us all enjoying a great 2015.

December 3, 2014 at 8:14 pm Leave a comment

Haliburton Real Estate Market Update – July 9, 2014

I just wanted to take this opportunity to provide an update on the real estate market in Haliburton.  June has slowed in both residential and cottage sales, but the very robust market we had in May still provides better results in year to date comparisons.  With respect to the market for single family homes in the County, sales so far are 134 compared to 125 sales for  2013.  That represents an increase of 7%.  However, June had only 22 sales as opposed to 30 sales last June.  And only 5 sales so far this July versus 12 for the same period last year.  Prices are up on average by 13%.

 

Cottages/recreational sales are up 13% and prices down 10% on average year to date comparisons with 2013.  June and July are the same as last year.  May was much better with 35 sales this year as opposed to 21 sales last year.  I expect with the inventory, we will start to see price drops.  The adverse weather conditions seem to be having an adverse on recent sales.  For cottages, the sale to list ratio is at 96% up from the almost standard 95%.

July 9, 2014 at 3:46 pm Leave a comment

Market Update – June 3, 2014

We have been experiencing a stronger market this spring as compared to 2013 in terms of number of sales. Residential sales are up a substantive 27% and recreational sales are up 21%. Prices are down on recreational 7%, but up in residential by 17%. There also have been a number of higher priced residential sales. It will be interesting to see how this trend continues as we continue into the summer.

June 3, 2014 at 2:15 pm Leave a comment

Toronto Spring Cottage Life Show

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We are all set and ready to go for this year’s spring Cottage Life Show! Please stop by our booth Hall 2, Aisle 1100 , Booth 1137 and say hello.

March 28, 2014 at 2:47 pm Leave a comment

To rent or own?

To rent or own?  This is a question that many people ponder.  Your primary consideration should be finding a suitable place for you and your family where you will be comfortable for many years.  Assuming you are planning on staying in the same community for a while, most people would prefer to own rather than rent.  This is due to the fact that your home provides a long-term investment as opposed to paying rent which is gone at the end of the day.

Sitting down with a mortgage broker or your bank would be a good first step in reviewing your financials and acquiring your options for mortgages.  These experts also would be able to help you find out an appropriate price range for you to consider.  If you meet certain requirements, they can pre-approve you for a mortgage.  This is a great starting point for your search, but remember that even if you are pre-approved, there may be other conditions that need to be satisfied in order to be approved for a mortgage on a specific property.  An example of this would be having a bank appraisal that is consistent with your offered value of the home.

I would be happy to answer any additional questions you have regarding renting versus owning.

 Andrew Hodgson, Broker of Record/Owner Century 21 Granite Realty Group Ltd. 705-854-0130 or andrew@century21granite.com.

January 6, 2014 at 7:35 pm Leave a comment

Mid-Fall Market Update

Our County’s market started slowly, down 16 % year to year for cottage sales as of June 1st.  This was followed by steady improvement over the summer (down 12%).  With a good late summer/fall push – we are now ahead of last year for sales.  Prices are stable compared to last year. 

With respect to the residential (off-water) market, house sales are even, but prices down 5% from last year, which has improved as well this fall. 

For more information or for assistance with your real estate needs, contact Andrew Hodgson, Broker of Record/Owner Century 21 Granite Realty Group Ltd. 705-854-0130 or andrew@century21granite.com.

October 29, 2013 at 3:16 pm Leave a comment

Fall Update

Please find attached our fall newsletter.

Fall 2013 Newsletter

October 1, 2013 at 3:42 pm Leave a comment

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