Sunday, April 11, 2021

2021 Q1 Local Market Report & 2021 Re/MAX Renovation Investment Report


First Quarter Local Market Report


As we start April and look ahead at the spring market, here's the number from the first quarter of the year!

Listing inventory is still hard to find, with almost a 40% drop in listings in Grand Bend for the first 3 months of this year compared to last year. Sales remain high with almost everything selling!

Prices continue to climb with almost a 35% increase year over year for Grand Bend and Port Franks. North of Grand Bend both lakefronts and lakeside saw just under a 20% increase. Lakefronts in Grand Bend along Southcott, Beach O'Pines and Oakwood continue to demand the large price tags with the average price taking into account some of the lower priced sales and not truly representing the increase in value.

We are never far from our phones if you have any questions about real estate! Call The PEDLAR Team today for all your real estate needs!

2021 RE/MAX Renovation Investment Report


A new report by RE/MAX Canada is shedding light on shifting consumer trends in home renovations and the perceived return on investment (ROI), as impacted by COVID-19 and historically tight conditions across the Canadian real estate market. The RE/MAX 2021 Renovation Investment Report found that more than half of Canadians renovated their home last year for personal or “non-ROI” purposes, with three in 10 (29 per cent) choosing to renovate for non-essential “lifestyle” reasons, such as recreation-inspired projects.

A Leger survey conducted on behalf of RE/MAX Canada found lifestyle impact to be the top reason for renovating during the course of the pandemic, ahead of motives such as making essential renovations to accommodate life in lockdown (17 per cent), or to increase the value of the home with the intention of selling in the next one to three years (16 per cent).

Despite the trend of home renovations for personal use and enjoyment, 59 per cent of Canadians still said they always consider the return on investment that a renovation will have on their home’s overall market value, so while there is a current renovation trend based on lifestyle aspirations, practicality is never far from the surface.

Click the link to read the full article:

Social Media
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. GIVE US A LIKE ON OUR FACEBOOK PAGE BY CLICKING THE ICON BELOW!

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Yacht Club Woods
Grand Bend Condo

Short Walk To Sun Beach
Backs on Old Ausable River
3 Beds    2.5 Bath

Building Lot
Walden North
South of Grand Bend
Deeded Docking
75' x 210'

Lambton Shores
Updated Interior
New Septic System
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!
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 Doug Pedlar      Mark Pedlar     Garrett Pedlar 
    Broker of Record                         Broker                        Sales Representative
519-902-4099    519-670-0746     519-872-0910 

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