Faris Team CEO and Broker, Mark Faris, says that stats more obviously ebb and flow when reporting on market performance weekly. This week we see a dip in most key stats, but if you look back over 2020, this trend oscillates consistently every two weeks. Midland and surrounding area satisfies both buyers and sellers this week in reporting more new listings and a spike in average selling price. In our other core areas, the lack of new listings coming on the market continues to drive market behaviour, making this season of real estate a hot one.
Faris Team CEO and Broker, Mark Faris, says there was a significant increase in solds in most areas last week, bouncing back from a slower market the week prior. By reporting on market performance weekly, some stats can vary considerably one week to the next, as we see in South Georgian Bay's average sale price: $827K last week due to multiple $1M and above listings selling firm. This week it has returned to a more stable $507K.Demand for inventory is not going anywhere, which is evident in all areas' list-to-sale ratios sitting at over 100%.
There are plenty of reasons to look forward to 2021, especially when it comes to the home. After a year that guided many of us to spend more time at home, the new year is an opportunity to bring comfort and creativity to our living spaces. From calming Zen room ideas to stylish (and smart) approaches to home office design, here are 15 of the biggest interior design trends predicted to dominate in 2021.
Faris Team CEO and Broker, Mark Faris, says there was a large decrease in new listings and sales in Barrie and Area, Barrie, Essa, Innisfil, Collingwood and Area, Collingwood/Blue Mountains and New Tecumseth. Most areas saw a modest increase in months of inventory but not significant, and this number should start to creep up as we get closer to the end of the year.List-to sale-ratio continues to be high in most areas, reinforcing that this fall is still an ideal time to put your property on the market.
Today’s kitchen is a workhorse of multifunctionality and needs to embrace style and smarts in equal measure to meet the demands of today’s homeowner. Here's a peek into Canadian designer Sarah Richardson's kitchen, which graced the pages of the August issue of Faris Team's Barrie Real Estate Guide.
Article courtesy of Realtor.ca. Many Canadian mortgage holders renew without asking any questions—often receiving a higher rate with a mortgage product that doesn’t suit their needs. Do yourself a favour, and don’t sign a renewal letter without doing your due diligence. Take an assessment of your current situation, put a plan in place, and let the lenders compete for your business to ensure you receive the best mortgage possible. Here’s what you need to consider before renewing your mortgage.
If you are considering putting your house on the market but think fall is not the right time, think again. Spring tends to get bragging rights when it comes to the ideal season to list, but fall, particularly this fall, is a great time to list your home. Here are some key advantages you’ll enjoy when selling your home this autumn:
Faris Team CEO and Broker, Mark Faris, says the Collingwood market has the strongest inventory levels as of last week, but at large, the amount of selection for buyers remains scarce across the region. Each core market reports list-to-sale ratios at over 100%, so if you're in the market to sell, Autumn remains an ideal time.