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Things have been cooling in our market and getting back to normal day to day business. The Bank of Canada raised its benchmark interest rate by a quarter of a point to one per cent today which may cool things down even more. That said current inventory levels are very low at 371 listings for August 2017. Our average listing numbers over the last 3 years in August is 495 listings. This will help to keep the values realized over the last 6 months.
Listings are down but so are number of sales. There was 243 units sold in August 2017, average number of sales for the past three years comes in at 325 units.
Listings are starting to expire as everyone is trying to figure out the market and it's constant directions. In six months we went from 20 offers on a house to just working hard to get an offer. It has been a roller coaster.
I believe that we will finish strong with a solid September and October. We will need to keep an eye on our inventory levels and see how today's rate change will affect us over all. On average we sell 3200 units per year and we are currently at 2312 units sold. That leaves us 1000 units to be sold over the next 4 months just to be at the average. I think we will get there.
The next 17 shots are the amazing work of the Ennismore and District Horticultural Society. For the short amount of years these folks have been working the improvements to the area are breathtaking. Hard to imagine the Ennismore community without these areas. To find out more click here http://www.gardenontario.org/site.php/ennismorhs/about/
(Ennismore) Selwyn Public Libary
This library offers support workshops on a variety of topics. Call the library for more details 705-292-5065
Curling is starting up for another season. Registration night is Sept 15/2017 at 7p.m. Enjoy the open house serving wine and cheese and a tour of the facilities. go to www.ennismorecurlingclub.com for details
Our clock was constructed in 1889 at Market Hall and is the principal monument of our downtown. The clock is recongnized as a heritage building. The importance as a centre piece of our downtown and cultural faclitity is as much as the Liftlock and Little Lake Fountian is to Peterborough. The exterior features four clock faces, dormers, bell, metal cornices and louvered openings. Other features to look for is the tall window openings with two pane, double hung sash windows and half round, multi-pained transom. The west side of the facade adorned with the City of Peterborough Coat of Arms. The clock was the work of John E Belcher and is one of only a few 19th Century market buildings still in existence. Mayor James Stevenson laid the cornerstone in the fall of 1889 and it officially opened in 1890 taking one full year to build. Thomas Rutherford was the contractor. A farmers market operated inside and outside the building for decades until the advent of the supermarket. City of Peterborough repurchased the clock in 2000 and restored the clock.
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