Local Quarterly Market Report for April - June 2020
As the market works through the unknowns of the Corona virus it is interesting to see that the market in Grand Bend has kept strong throughout the spring market. Listings were down in most market segments this quarter but remained at or above the same levels for year to date as last year. The only segment that was really down was non lakefront north of Grand Bend.
Sales volumes were similar from 2020 to 2019 for the quarter. You did see a significant slow down in April 2020 compared to April 2019 but June 2020 was significantly busier than 2019 so the numbers leveled out.
Sale prices continue to rise in Grand Bend and Port Franks area while we saw a slight decline north of Grand Bend both along the lake and second row. This is partially due to what inventory was available with more cottages than homes selling, so the average price for a specific property may still have been up looking at comparable sales.
Right now you are seeing a strong market in Grand Bend and area with limited days on market for properly priced inventory. One thing that seems to be driving the market is more people look at cottage ownership as a place to enjoy and invest with rentals while the travel industry may take a little longer to fully recover.
If your thinking about selling ... Call the Pedlar Team!
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 Riverfront Brand New Home Energy Efficient 80 Feet Of River Frontage Over Acre Lot 4 Beds 2 Baths $675,000
Grand Cove Estates Totally Updated Gas Furnace Central Air Gas Fireplace Glass/Screen Sunroom 3 Beds 1 Bath $254,900
Port Franks Close To Marina Gas Furnace Nicely Updated Cottage 2 Beds 1 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