Real Estate Market Tag
10 Jun Monthly Market Update: May 2021
Faris Team CEO and Broker, Mark Faris, says that the market reported its highest active inventory all year in the month of May. Average sale prices are up across the board, so both buyers and sellers are primed for an already active summer season.
09 Jun Bank of Canada Makes June Rate Announcement
The Bank of Canada has announced it’s keeping its key interest rate target at 0.25%. On hold since March 2020, the central bank continues to uphold its commitment to not increase the rate until the economy has recovered.
03 Jun #1 Piece of Advice for Buyers and Sellers
People often ask, "Mark, if you had just one piece of advice to offer me about buying and selling a home, what would it be?"Find out his answer in this 60-second real estate tip.
29 May Weekly Market Update May 17-23
Faris Team CEO and Broker, Mark Faris, says that each market is reflecting unique behaviour this past week, but one common statistic is that homes are still selling well over asking price.Barrie and area sales are down compared to last week, but up 100% from this time last year. Midland and area is reporting a big increase in average sale price week over week, but reflects the same range we've seen since early spring. Orillia and area has also consistently held an average sale price of over $800k, and dropped to just 12 days on market this week. Collingwood and area reports its lowest average sale price since the first week of March, and new listings are up which is good news for buyers.
27 May Incredible Bike Trails to Explore Across Simcoe County
Warm weather is here to stay which means many of us are spending more time enjoying the outdoors. When it comes to biking - or hiking - there is no shortage of trails to explore across Simcoe County. Here are a variety of cycling routes you’re bound to love, with gorgeous scenery and many other activities for you and your family to experience along the way.Courtesy of Barrie360.com
21 May Weekly Market Update May 9-16
Faris Team CEO and Broker, Mark Faris, says that as we round the corner towards summer, a healthy supply of new listings continues to trend. Homes are still selling quickly, two weeks on average across the region, however months of inventory climbed for the first time since the end of March. Months of inventory indicates how long it would take to sell all homes if nothing came new on the market, and while it's still hovering around just one month, it's giving buyers a touch more breathing room than earlier this spring.
18 May The Cost of Overpricing Your Property
What is "buying the listing" and why is it crucial for sellers to understand?
14 May April Market Update 2021/ 2020
Faris Team CEO and Broker, Mark Faris, says that because the market paused this time last year when the first lockdown hit, April 2021 stats are comparatively well above last year.This April saw a surge of new inventory, but just as fast as For Sale signs went up, properties sold, so active inventory was down 55-65% across the region.