509 CAUSEWAY VIEW RD N ENNISMORE ONTARIO, CHEMONG LAKE-Brad Sinclair Flat Rate Realty

 Looking for the ideal vacation home, residential home or cottage? Here it is. This home checks off all the marks. Located minutes from Bridgenorth and Peterborough this home features clean waterfront, excellent views, well-maintained buildings, garage and the most wonderful sunrises to the east. Enjoy the open concept living along with a 4 seasons sunroom with walk out to a large comfortable deck. Other features at this house includes 3 bedrooms, 2 bathrooms, beautiful oak kitchen, natural gas fireplace, central air and furnace. The property features level lot, armour stone shoreline with sand bottom, detached garage, crank up aluminum dock and a large lot across the road for more room to play or park extra cars.

The brakes are being tapped on the Peterborough Real Estate Market in May-Brad Sinclair Flat Rate Realty

February, March and April in 2017 I seen  many sales numbers that were mind blowing. I would just utterly stare at the final sale number of a listing and think to myself, what would happen if I could get those numbers for my house? Then May happen.

In May 2017 it was noticed by many of us in the business that listings that we were holding offers on listings were only getting 1 or 2 offers instead of the 10-20 offers we were seeing a month prior. Sometimes no offers were coming in at all right away. What happen???? Sellers were asking why they are not getting $100,000 over asking like their neighbour did?

A few reasons why.

1. Sellers were not getting the $100000 over asking because they were now asking $100,000 more then they would have asked last year
2. Buyers are growing tired of the multiable offer situation and refuse to participate 
3. The number one reason: INVENTORY!

 May 2017 had an explosion of inventory that cooled the market. Don't get me wrong, buyers bought up the inventory in record numbers but they did with more caution.

So what does this all this mean? I have no idea. Honestly. It is going to go one of two ways. June will continue with a large amount of listings hitting the market continuing to cool things down OR inventory will dry up as May was an odd month of inventory and the market will rebound to the record sales value amount. 

If you want live updates and advice, please feel free to give me a call. 705-927-6236

1026 HIGHWAY 7 OTONABEE, K9J 6X8 $249900 Brad Sinclair Flat Rate Realty

Great opportunity for affordable living close to Peterborough. Easy access to Hwy 115, numerous recent updates to this 2 bedroom home. Features large living room, galley kitchen, 2 good sized bedrooms, 4 pc bath plus in-ground swimming pool, nice private back yard and large storage shed. Natural gas furnace and a/c. Double wide paved drive. Perfect first time home buyer home!

1936 CROFTDALE CRES PETERBOROUGH, $299900 Brad Sinclair Flat Rate Realty

Beautifully updated west end bungalow 2+2 bedrooms, 1 bath, large main floor open concept kitchen and family room. Separate outside entrance with access to finished lower level. Gas heat as well as central air. Very large laundry/storage room may have potential for additional bathroom! Fantastic landscaping and nice level mature private city lot. All this in walking distance to bus route or Sir Sandford Fleming College. Easy access to 115/35, hospital and downtown. Trane furnace 2007, shingles 2008, replacement windows 2007, central air, electrical panel 2014.