Peterborough and Lindsay Stories and Headlines: Market watch Peterborough and the Kawarthas, Sears is gone

Market watch Peterborough and the Kawarthas

Well, 2017 is over and reflection of that crazy, unpresidented sales year is looked at. The final inflation of value ended up at 22%. So if your house was worth $300,000 at the beginning of 2017 it will be now worth approximately $366,000. Most people make less than that in a year of work!

Usually Peterborough and the Kawarthas works with a 3 to 5% increase year after year. At one time earlier in 2017 values were up over 27%. Crazy.

So what will 2018 bring? Good question. I feel the market will be more balanced but the value increase will stick from 2017. I do not see values dropping 22% to get back to our "normal" levels of value. 

Check out the numbers below!

December 2017

Unit Sales                      Down   8%
Active Listings              Down   16%
Average sales price      Up 22% YTD

Sears is officially gone

I had not been back to Sears for years. I did not go to see the doors of Sears close for the last time. The last time I was at Sears it was July/August 2016. I was looking for lawn mower blades for my Craftsman Lawnmower I purchased at Sears. They did not have them, they were switching the store to fall fashion so I could buy snowblower parts if I wanted to.

 Their customer service was at one time legendary. Sears decided not to provide that anymore. They also did not see how future retail was going and did not change their business model. Hence the results. Doors closed. Upper management failed badly. Of course upper management will be paid first their millions of dollars for their epic failure. If anything is left maybe employees may get something that is owed to them. Maybe. The store employee should be paid out in full and if anything is left pay upper management. The store employee did nothing wrong.

I do not shed a tear for Sears. Sorry to see people lose their jobs but better things will come to the space and provide more jobs. I can't wait to see how it is developed. 

See some final pictures here or check out Lance Anderson's video

For more local content subscribe to this blog at the top of this article!

Written for you by:

Your local Realtor®

Brad Sinclair, Sales Representative

Flat Rate Realty

The HOUSESOLD name for buying and selling real estate in Peterborough and local waterfront!
www.bradsinclair.ca 

Peterborough and Lindsay Stories and Headlines: Selwyn PolarFest 2018, Dude, where's my car, Transparent is not how the Peterborough Farmers Market going to go, List my house now? Really?

Selwyn PolarFest 2018: Selwyn Polar is quickly coming! On February 2, 3 and 4th is an outdoor  festival for the whole family. Everyone is invited to Selwyn to enjoy the festivities! The major sponsor is Eastlink. The two most popular events is the ice sculpture carvings and the polar plunge. Don’t miss out on the other events that are planned. You will find shinny hockey tournament, night hike, snow pitch and much more. Check out this article written by Lance Anderson of Peterborough this Week for more details.

Dude, where's my car? If your car is not on the street in Peterborough where you left it, here is where you will find it.

Transparent is not how the Peterborough Farmers Market going to go: I followed Joelle Kovach of the Peterborough Examiner twitter account last night closely as the meeting was being held to decide the fate of the 7 vendors at the Peterborough Farmers Market. The board decided to keep the public shut out of the proceeds. A GAG order was given. I am serious. A GAG order was given for a farmers market meeting. This is out of control and someone needs to step in. Cindy Hope the president hid from the media and sent Mark Jones, marketing director outside to tell the media to go home. Instead of being transparent, the board has decided secrecy is the best way to go. That won’t feed the fire at all, will it? Stupidity at its best that decision.

As a member of the public, I don’t know the full story. I don’t know both sides of the story. I have heard snippets of information and I am trying to decide what is right and what is wrong. Since this issue is now in the spot light of the public eye there is no benefit to keeping secrets if you believe you are in the right. Bad decision on the Peterborough Farmers Market Board.

List my house now? Really? "I am waiting until spring to list my house when it looks the best" I hear this statement all the time from home sellers and they are dead wrong. Now is the time to list especially if you live in the City of Peterborough.

Listings (inventory) is extremely low right now. Most current listings that have been around for a while so imagine the excitement that is caused when a new listing hits the market. It is craziness! Today you will get more for your house then you will ever get in the spring market, even more then when your house looks its best in June. That is because there is a ton if listings hit the market in May/June. You will be ahead of the pack.

Best part of selling your home now is the closing will be when all the new listings are hitting the market and you get your choice of the new batch! You will also be in better bargaining position because there is so much more inventory!

For more local content subscribe to this blog at the top of this article!

Written for you by:

Your local Realtor®

Brad Sinclair, Sales Representative

Flat Rate Realty

The HOUSESOLD name for buying and selling real estate in Peterborough and local waterfront!
www.bradsinclair.ca 

Peterborough and Lindsay Stories and Headlines: The 2nd most expensive listing in the Kawarthas,RYC Ennismore Juvenile, Canada wins Gold

The 2nd most expensive listing in the Kawarthas: How would you like to own 7 bedroom, 8 bathroom home on Pigeon Lake? Well open the vaults as this 3 acre, 230 feet of shoreline property will run you around 3 million bucks plus. Asking price is $3,395,000. This home was brand new in 2016 and comes with its own island. And not one you find in the kitchen!

This property is listed by Sotheby's. Photo credit goes to Ross Halloran and Roger Kolbuc the listing agents.

RYC Ennismore Juvenile: In winning tradition, the RYC Ennismore Juvenile's won Mooretown Silver Stick in AAA this weekend. That is again a crazy accomplishment. Congratulations boys, Bob would have been extremely proud of you!

Canada wins GOLD: After the heartbreaking loss to the USA last year in the World Junior Championships in a bloody shootout the young Canadian squad backed by goaltender Carter Hart took their game to the next level and beat Team Sweden. Way to go guys, what fun hockey to watch.

For more local content subscribe to this blog at the top of this article!

Written for you by:

Your local Realtor®

Brad Sinclair, Sales Representative

Flat Rate Realty

The HOUSESOLD name for buying and selling real estate in Peterborough and local waterfront!
www.bradsinclair.ca