Posts filed under ‘Market Activity’

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.

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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

Haliburton County Market Information June 9, 2012

I just wanted to provide some information on the Haliburton market activity this year as of June 6, 2012. Sales of lake front cottages and homes for 2012 are up 10% compared to last year (85 sales compared to 77 in 2011).   However, it is important to note that sales are down from 106 in 2010.

Also, of note is that there have been 9 sales over $700,000, this year as opposed to 1 last year during this same period of time. There were 6 sales over $700,000 in 2010.

Sales of $500,000 plus are at 24 compared to 16 in 2011.

Residential (non water) sales are still strong, 2012 (88) compared to 2011 (56) sales, but slowing in comparison since May 1st.  There have been 19 sales this year, 16 last year after May 1.

June 9, 2012 at 9:03 pm Leave a comment

Haliburton County Market Information March 21, 2012

We are  experiencing an early start to our spring season in more ways than one.  This record-breaking warm weather has helped to kick off a strong start to our 2012 spring market. 

The winter residential market is as strong as we have seen the last few years.  This is due to various factors, including record low interest rates, residential house prices coming down (off water 11% from 2009), pent up demand, etc.  Having said that, it is a sign of strength in the market place.

Non-water residential sales have increased from 17 sales last year (January 1, 2011 to March 20, 2011) to 45 sales this year (January 1, 2012 to March 20, 2012).  This represents 164% increase in residential listings that have SOLD.  If you have been considering listing your property, the conditions now seem to be ideal to hit this strong spring market we are experiencing.

Also, if you have been considering buying, this nice warm weather would allow you the opportunity to enjoy an early start to the cottage season.  We have numerous wonderful properties to suit individuals of various styles, tastes and lifestyles.

Our company, Century 21 Granite Realty Group Ltd., will be prominent at the Cottage Life Show at the end of March – be sure to drop by and say hello to one of our agents in our large double booth.

March 21, 2012 at 4:32 pm Leave a comment

Editorial – County Voice Thursday, August 12th, 2010

The current edition of the County Voice has an interesting editorial pertaining to many local issues in our community.  This is the link to the website:  http://www.countyvoice.ca/  This editorial includes various quotes from Andrew regarding real estate.

This is a copy of the text for those who may be unable to access this article.

Editorial VIEWPOINT by Stephen Patrick, County Voice, Thursday August 12th, 2010.

Business, Parades, Smiles, and… Real Estate

This summer’s weather in the Highlands has been a rather wonderful mixture of perfect, long sunny days, a good dash of real plus 30 C heat, monsoon like rains, and humid nights.  The early summer – remember how April and May felt like July, with almost no rain?  – saw the Haliburton watershed lakes fall to some of their lowest recorded levels, only to rebound to challenge the highest recorded levels a week or so ago.  Anecdotal evidence: our family’s swimming rock on Koshlong Lake has never been under water this late in the year, at least for the last 60 years or so.  Drag, Kennisis, and Redstone levels have touched or exceeded those high levels as well.

Businesses all over the County have generally had an above average summer.  The main street of Haliburton Village has been booming, and public events have seen huge attendance figures.  The Rails End Gallery’s Arts and Crafts show hosted 7000 people a few weeks ago.  Last week’s Rotary Parade was a boffo success, and this weekend’s Smile Festival enjoyed a great beginning.  Haliburton’s restaurants have also been overflowing, aided in no small part by the presence of the Haliburton Summer Festival’s well-attended shows.  Highlands East’s Plein Air Festival on the August long weekend was a great success too, just in its second year.  The Minden Kinsman’s Truck Pull and Shine was a terrific event, as usual.

Just what long-term impact this summer’s businesses and cultural/entertainment success stories will have on the County as a whole is hard to determine.  But Andrew Hodgson, Broker of Record at Century 21, told the Voice that this summer’s real estate stats are very encouraging.  From January 1st to July 31st sales across the board (recreational, residential, business and vacant land) have gone up some 20 percent over last year’s.  June figures were a little down, but that had more to do with the fact that , due to the amazing April and May weather, lots of sales were pushed up.  Interest rate hikes, and the July 1st introduction of the HST were also factors.

Hodgson also noted that, year to date, waterfront sales of properties selling for over $500,000 had more than doubled over 2009, from 19 to 39.  “There’s no doubt that more smart money is coming to Haliburton than ever before,”  said Hodgson.  “The demographics are changing:  some of our biggest business is from couples coming up and wanting to buy existing cottages, or vacant waterfront lots, and renovate or build permanent ones so they can conduct at least some of their business up here, say from Thursday to Monday.  From our perspective, the so-called creative economy is definitely a factor:  and the business incubator model in Dysart will prove to be a very good move, I am certain.”

Hodgson admits there are still challenges to be faced as the economy struggles to recover from the 2008-2009 meltdown.  Action in residential properties is sluggish, although there has been some significant increase in the average price of recreational, waterfront listings.  But Haliburton’s eclectic mix of traditional recreational opportunities coupled with its burgeoning and active arts and arts/business presence may just be exactly what the early 21st century “smart money” is looking for.

August 16, 2010 at 9:17 pm Leave a comment

Market Activity

I wanted to provide an example of our recent market activity.  This property on Haliburton Lake was on the market for the entire 2008 season and didn’t sell.  When they listed with us this spring, it sold within 3 weeks at over 93%. 

It shows that you can still find something under 350,000 on a very nice lake.  Haliburton Lake is one of our finest lakes, Anne and I have facilitated 8 sales over the last 3 years in the area, and 2 more on Percy. 

Notice the boathouse in the picture, that is an asset in Haliburton County as we are not allowed to build boathouses.  You are allowed to repair existing structures, but not build.  Haliburton Lake, along with neighbouring Percy Lake, are about to experience a new development.  We will update you on that exciting project in the months to come.

Andrew

March 9, 2010 at 11:43 pm Leave a comment


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