Hope the holidays treated everyone well and were able to spend some time with family and friends. We still got a couple days before its truly back to reality when the kids go back to school and parents get back to the routine. Good luck to those with keeping your new years resolutions!
Fourth Quarter Market Report 2019
Fourth Quarter 2019 Market Report Is In!
The Fall Market was very comparable in listings and sales compared to 2018 Fourth Quarter. This is a great sign for homeowners around Grand Bend. The biggest difference is the increase of the average home sale price in the different areas.
Grand Bend Non Lakefront rising from an average sale price of $464,835 in 2018 to $519,479 in 2019. Making for an over 10% rise in average sale price in Grand Bend!
North of Grand Bend Lakefronts average sale price showing almost 40% increase year over year. Keep in mind this is in a big part due to the low end cottages just not existing anymore & everything is getting renovated or demolished. Also these figures are created by using the sale figures that occurred in a certain time period which means more high end cottages sold this year than previous.
RE/MAX National Outlook For 2020
RE/MAX is calling for a leveling out of the highs and lows that characterized the Canadian housing market in 2019, particularly in Vancouver and Toronto, as we move into 2020. Healthy price increases are expected next year, with an estimated 3.7 per-cent increase in the average residential sale price.
Most individual markets surveyed across Canada experienced moderate price increases year-over-year from 2018 to 2019. However, some regions in Ontario continue to experience higher-than-normal gains, including London (+10.7 per cent), Windsor (+11 per cent), Ottawa (+11.7 per cent) and Niagara (+12.9 per cent).
As more Canadians have adjusted to the mortgage stress test and older Millennials move into their peak earning years, it is anticipated that they will drive the market in 2020, particularly single Millennials and young couples. A recent Leger survey conducted by RE/MAX found that more than half (51 per cent) of Canadians are considering buying a property in the next five years, especially those under the age of 45.
With every transaction we donate a proportion to the Children's Miracle Network. These donations we make go directly to the Children's Health Foundation at London Hospital where 90% of the machines are purchased through donations! We want to say a huge thank you to our clients for another great year!
Townsend Meadows Development In Forest - PHASE 2 Has Started & 6 Units Are Already SOLD With 5 Units Remaining For Sale
Welcome to Forest’s newest adult lifestyle development. Townsend Meadows is the ideal destination for seniors who are looking for an exclusive retirement development in a caring community of like-minded neighbours. Enjoy all the conveniences of your family home without any of the maintenance and security concerns.
Townsend Meadows has come about through the initiative of a number of community members who wanted to create an accessible seniors development and provide a housing alternative that would help keep retirees in Forest. Townsend Meadows offers an opportunity for private independent living in the social and supportive atmosphere of small town living. There is are three floor plan sizes to choose from. You can enjoy a lifestyle free from the day-to-day worries of maintenance and security. We cut the grass and shovel the snow and you have the freedom to lock the door and go and spend time on things that are important to you.
Townsend Meadows PHASE 2 Huron Model - 1,411 Sq Ft - $367,120 Bosanquet Model - 1,175 Sq Ft - $305,500 Thedford Model - 1,295 Sq Ft - $336,700
Call Doug PEDLAR today for more information at 1519-238-5700
New To Lambton Shores?
The municipality of Lambton Shores is starting a new initiative of making municipality information easier to find out. Check the link out and see what things you didn't know about this awesome municipality.
It's always good to know what is going on in our exciting community.
Cabin Fever Coffee Club Thursdays Starting January 9 from 2pm-3pm - 25 Main Street, Grand Bend - Huron Shores United Church Bundle up and get out of the house this winter, Thursday afternoons, for a hot cup of something, a simple treat, and some shared conversation with others. Beginning January 9, 2-3 pm and every Thursday until March 26 at Huron Shores United Church. All are welcome - lug your own mug, more importantly, invite a snowbound friend!
International Silver Stick - North American Finals January 10 - 12 & January 24 - 26 - Games Played In Thedford, Forest & Watford Arenas Go out and check out the action happening over two weekends this month in our community. January 10-12 is peewee and midget divisions. January 24-26 is atom and bantam divisions.
Soup-er Sundays January 26 - Noon - 3pm - 9997 Port Franks Road - Port Franks Community Centre Fun with Giant Games!! Come out to the West Wing of the Port Franks Community Centre with your family or on your own to spend time with others on a Sunday afternoon. There is a light soup lunch and dessert for $5 that is available if you wish.
Have a great day everyone and don't forget to check out our social media sites like youtube, facebook, twitter and our website to stay up to date on all the latest listings. You can find the links to these various social media outlets above our information below. See the benefits of using a high quality drone and camera for videos and pictures to add content to each listing.
Grand Bend Lakefront Southcott Pines 70 Feet Frontage Totally Updated 4 Beds 2 Baths $2,000,000
Port Franks Built in 2005 Custom Brick Bungalow Full Finished Basement Attached Double Garage 3 Beds 2 Bath $450,000
Huron Woods Steeper Const. Built In 1990 Spacious Main Floor Finished LL With Walkout 5 Beds 3 Bath
If you or any of your friends and family are looking to buy or sell make sure to call us first! Referrals are the greatest compliment