This Christmas Season has come and gone and we started off 2022 with the Government announcing more announcements. Covid hasn’t released its hold on the world and for our immediate impact the kids and Doug are back to online learning.
Everyone in our family seems to be doing much better with online learning this time around as they know what to expect and I think being another year older helps as well. Last time around I have to help the kids quite a bit during the day and then I would work on my Real Estate business at night. This time around I am actually able to work on paperwork and my newsletter during the days and have my nights dedicated to family and showings/Client Appointments.
Grand Valley Ontario Real Estate News
Speaking of showings and client appointments, December/January are typically slow months in Real Estate, a lot of clients are busy with their holidays and family gatherings as well as travelling for vacations. NOT the case this year for obvious COVID Reasons, in fact we had record breaking numbers in Grand Valley in the month of December.
Inventory is still quite low and with the healthy amount of buyers that are still looking for homes we have the perfect storm to invite major bidding wars and shoot those sale prices higher and higher.
I am working with a few sellers right now that are planning to list in the spring and from what I have heard from industry experts as well as other local agents it is going to be a hot early spring market!!
For my Buyers, I feel I tend to be a very realistic agent. I like to bring my clients out of the weeds of emotional bidding wars on properties that are already at the top of their values and have them see the potential in properties that may need a bit of work but have room to increase the value especially in this market.
The crazy sellers market we are currently in will not last forever and I personally do not want my buyer clients stuck with a house they overpaid for and will have to stay in for a long time to ensure they get their equity out. In this market the sold comparable data has not been as helpful as it has been in the past as depending on the week and/or the type of property we are seeing some properties go way over what the last sold comparable property went for.
I like to take a look at property taxes, amenities, location, schools, future developments etc.. these all factor into resale value and they can be a major attraction or deterrent when we get back into a more balanced/Buyers Market.
In other news….
I got a robot vacuum/mop for Christmas which we have affectionately named Cinder (short for Cinderella) and she has saved me some sanity! I love waking up to a clean house in the morning and I would highly recommend checking one out if you haven’t already, especially if you have pets!
Hope you and yours are staying healthy and sane!
Amy Steele
Leave a Reply