January Newsletter Giveaway ~ $150 Gift Certificate To Bunker in the Bend

January Newsletter ~ $150 Gift Certificate To Bunker In The Bend For Subscribers

 

Welcome To 2024! January Giveaway $150 Gift Certificate To Bunker In The Bend! Hope everyone had a great holiday season and were able to find some to relax outside of the hustle and bustle that the holiday season can bring with it! With a new year comes new enthusiasm for the year ahead and setting goals or starting a new healthy habit. Good luck to anybody trying to turn a new page or working towards a new goal in 2024! We have some great content in this month's newsletter from a fourth quarter market recap, 2023 yearly market recap, the Grand bend Community Centre feasibility study, some ideas for new years resolutions for homeowners and an exciting partnership between RE/MAX and the newly formed Professional Women's Hockey League! Also we wanted to say a big thank you to all our newsletter subscribers and a way to say thank you is by doing monthly giveaways to our subscribers! This month's giveaway is a $150 gift certificate to Bunker In The Bend which is Grand Bend's virtual golf business in town which also has a bar area, pool tables and much more. It is a great spot to get out of the cold and out of your house for some fun with friends and family! Doesn't matter how good you are at a golf because you will never be worried about finding your ball! To enter you simply need to respond to this newsletter email with an answer to this question: What is your favourite winter activity? There are no wrong answers so respond with anything! We are never to busy to talk real estate so give us a call today at 519-238-5700! Fourth Quarter 2023 Market Statistics As we start the new year and hope to see interest rates come down in 2024 which will in turn affect the real estate market we look back on the last quarter and the last year in the local real estate market. Listing inventory was up in Grand Bend significantly in the last quarter and we finished the year up 43% for new listings. With sales volume 14% below what we saw last year there is lots of inventory in the marketplace! And you are seeing the prices come down as a result with a year-over-year decrease in the average price of 18%. North of Grand Bend we saw more new inventory hit the market with non lakefront inventory up year over year at 25%. Lakefront inventory was less common on the market place this year with new listings down 41%. However, in Q4 we saw only 3 sales north of Grand Bend for either lakefront and non-lakefronts compared to 12 in Q4 for 2022. This could be some of the effects of the new rental by laws brought in by Bluewater Municipality. Non lakefront sales were down 31.25% on the year with increased listing inventory while lakefront sales were down as well but that may be a result of less available inventory. For both lakefront and non-lakefronts combined there was only 33 sales north of Grand Bend this year compared to 55 in 2022, 62 in 2021 and 68 in 2020. Port Franks and area saw a similar trend of increased inventory and decreased sale finishing the year off up 33% in inventory and down 33% in sales. The average price appears to have gone up year over year but if you take out one outlying sale that happened this quarter the average price is down 5% year over year. Looking forward to 2024; We think you will continue to see inventory remain elevated from years past and as interest rates come down the buyers will come back leading to a more balanced market.   Grand Bend Community Centre Feasibility Study Residents of Grand Bend and area have been asking for a community center for years! There was fundraising efforts done nearly 30 years ago for a community center in Grand Bend. Council has listened to these residents and have gone forward to do a study on what would a community center look like by asking everyone to do a short survey. To kick off the survey they hosted an evening at the Huron Shores Church in Grand Bend and it was very impressive the amount of people that were in attendance at 4pm when it started so there is lots of enthusiasm for the local residents about this project. The survey is to find out what exactly are the needs of the local residents! Please don't just assume that your voice won't be heard and please fill out the survey. The survey closes January 31, 2024 so you have lots of time to get this done still. Click this link to read the Lambton Shores website about the project: https://www.lambtonshores.ca/en/invest-and-build/grand-bend-community-centre-committee.aspx#Public-Feedback-Survey---Deadline-to-submit-is-January-31-2024 Click this link to fill out the survey: https://www.surveymonkey.com/r/GrandBend 2024 New Year's Resolutions For Homeowners Cheers to a fresh start! Home ownership can yield great rewards, including financial ones. Swipe left for some concrete and manageable New Year’s resolutions to make your home the best it can be in 2024!   RE/MAX Canada Partners With PWHL I am sure many of you have already seen the action from the Professional Women's Hockey League on TV or in the morning sports highlights! Incredible step in the right direction to put professional woman's sports on the map and RE/MAX Canada is proud to support that initiative! And we are proud to be a part of such an incredible company that sees the importance of this league. RE/MAX Canada is thrilled to announce a partnership with the Professional Women’s Hockey League (PWHL) for their inaugural 2024 season, which runs from January 1-May 5, 2024. This collaboration marks a significant step in the continued commitment to promoting inclusivity and supporting women in professional sports. The Professional Women’s Hockey League aims to revolutionize women’s professional ice hockey. The league will feature teams from six cities: Boston, Minnesota, Montréal, New York, Ottawa and Toronto. It’s poised to unite more than 150 of the best female players from around the world, emphasizing its global reach. In 2023, RE/MAX Canada proudly sponsored the inaugural WNBA (Women's National Basketball League) in Canada game, a landmark event in women’s basketball. This collaboration with the PWHL is a natural progression in the brand’s efforts to be more intentional and inclusive with their advertising fund by supporting women’s professional sports. South of Grand Bend 8369 Oakwood Drive, Lambton Shores Listed at $799,000   Great curb appeal and surrounded by privacy. Those are the first two things that come to mind when you drive up to this property situated near the Pinery Provincial Park just south of Grand Bend at Oak Forest Estates. 2800 sqft of living space surrounded by nature and mature trees with landscaped gardens, asphalt driveway, flagstone walkways, covered wrap around front porch and attached double car garage. In the backyard enjoy your evenings around the firepit, your afternoons on the back deck and lots of room for storage in the two sheds. Plus keep your lawn looking great year-round with the in-ground sprinkler system. Inside, the home showcases pride of ownership throughout with a well thought out design to maximize natural light and the oak trim and doors giving the home a warm feeling as soon as you walk in. Large family room at the front of the home with a bay window overlooking the front yard. Spacious kitchen with oak cabinetry, tile floors, built in stove and gas range top. Lots of room for storage in the walk-in pantry off the foyer. Eating area off the kitchen with garden doors to the back patio and BBQ area. TV den with vaulted ceilings and two skylights giving you your own space to enjoy your favorite show after dinner. Split level main floor with 4 stairs up to the bedroom area featuring two spacious bedrooms and large bathroom that includes a jetted tub and separate shower. The lower level includes a family room with an additional bedroom and laundry room with built in powder room. Only 4 steps down from the lower level to the basement finished off with a large games room, big enough for the pool table plus a workshop for the handy man and lots of storage. Oak Forest Estates is a community of homes near the Ausable River; just a short drive to the sandy beaches of Lake Huron, the Pinery Park, Grand Bend and Port Franks. Click the link to watch the virtual tour: https://www.youtube.com/watch?v=EfOFK42-N88 110' River Front Merrywood Meadows 10138 Merrywood Drive, Grand Bend Listed at $1,900,000   Riverfront home in Merrywood Meadows, part of the Grand Bend community with 50 upscale homes situated along the Ausable River near the Warner Wildlife & Nature Preserve. Built in 2017 by Medway Homes, this property showcases 2560 sqft of well-designed living space with an open concept floor plan flowing with natural light. Situated on a large lot with landscaped gardens, mature trees, interlocking brick drive leading to your insulated triple car garage, covered front and back sitting areas, stone firepit patio and your own private dock with 110’ of River frontage. Inside, you’re greeted by the 16’ vaulted entry foyer giving you the grand entrance into the home that features engineered hardwood, quartz countertops and high-end finishes throughout. The gourmet kitchen includes stainless-steel built-in appliances, gas range, double oven, large island, chevron tile backsplash and pantry for storage. Eating area off the kitchen overlooks the back yard with access to the back covered deck. Living room with tray ceiling, pot lighting and gas fireplace plus enjoy the views of the river from the picture window. Spacious primary bedroom suite includes a walk in closet and large ensuite with heated tile floors and glass tile shower. Main floor guest room or office at the front with an additional full bathroom, plus main floor laundry in the mudroom. Fully finished lower level features a family room that includes a living space, games area and wet bar; Great space for entertaining. Room for additional family and friends in the two lower-level bedrooms with another full bathroom. Partially finished utility room could be a great home gym. Just a short walk or drive to the amenities of Grand Bend and the sandy beaches of Lake Huron. Click the link to watch the virtual tour: https://www.youtube.com/watch?v=BOxqxfWX7UM Vacant Lot In Huron Woods Lot 86 Pinetree Drive, Grand Bend Listed at $499,900   Embark on an extraordinary journey to build your dream home with this vacant half acre residential lot in Huron Woods in Grand Bend, Ontario. Majestic, mature trees grace the flat terrain, providing a serene backdrop for a home that seamlessly merges with nature. The property's allure is heightened by deeded beach access to the sandy shores of Lake Huron. Imagine taking a short walk to put your feet in the sand as part of your daily routine, making every day a retreat. Modern convenience meets thoughtful planning, as gas, municipal water, and communications are available at the road. The property requires a septic system, ensuring both efficiency and environmental responsibility. Grand Bend is a vibrant community with ample recreational opportunities. From local shops to charming restaurants, this is a place where lifestyles flourish. This isn't just a vacant lot; it's your opportunity to weave a legacy. Make this vacant residential lot the cornerstone of your extraordinary future. The time is now to build your sanctuary in Grand Bend!     Click the link to watch the virtual tour: https://www.youtube.com/watch?v=6OqaHH8frxE Looking For An Agent Outside Of Our Coverage Area? Just Ask Us!   Looking to move outside of the area and not sure who to call? As always call The PEDLAR Team with any of your real estate needs! We are closely connected with a group of realtors that cover Southwestern Ontario. Along with our involvement in the Re/MAX community we are sure to line you up with a trusted knowledgeable real estate agent to make your plans a reality anywhere in North America, or the world for that matter because Re/MAX is global! Check out the website for ORRT and learn more about the group: https://www.orrt.ca/ Get Your 2024 Grand Bend Locals Card!   Support Local With Your GRAND BEND Locals Card It is the hope that this card will encourage you to choose local businesses, more often. They've been quietly adding new businesses, new offers and TWICE as many draws! As lovers of Grand Bend, we need to stick together and keep our businesses OPEN. These Local businesses who are unable to provide specific offers, have stepped up to help provide MORE CARDHOLDER Draws! More Draws = More Winning & More Local Spending. Let's support them, for all they do to support our community.   Click the link to see more information: https://grandbendlocals.com/ 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.  Click the link: https://www.lambtonshores.ca/en/living-here/new-to-lambton-shores.aspx?platform=hootsuite 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! We love to hear about your experience with The PEDLAR Team so please feel free to head to our facebook page and leave a review. Click the link to leave a review: https://www.facebook.com/thepedlarteam/reviews/

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 Check our website out by clicking the link below http://www.grandbendrealestate.com  Doug Pedlar      Mark Pedlar     Garrett Pedlar      Broker of Record                         Broker                        Sales Representative   519-902-4099    519-670-0746     519-872-0910  remaxdoug@hay.net           remaxmark@hay.net          remaxgarrett@hay.net

Subdued December Sales Conclude Moderate Year

 

Last month 335 homes exchanged hands via the MLS® System of the London and St Thomas Association of REALTORS® (LSTAR), bringing the total number of residential properties sold in 2023 in our area to 6,717.   "2023 was the year with the lowermost number of units sold in LSTAR’s jurisdiction since we entered the new millennium," said 2023 LSTAR Chair Adam Miller. "This record low was caused by the high borrowing costs, which are weighing down heavily on the local consumers’ buying power," he added.   Out of the 335 properties sold in December, 248 were single-family homes, 58 were townhouses, and 27 – apartments. “In 2023, LSTAR Members sold 5,006 single-family homes, 1,078 townhouses, and 552 apartments,” Miller emphasized.   The number of newly listed properties dropped from 928 in November to 386 in December. Despite the significant monthly decline, this number is still in line with LSTAR’s ten-year average for new listings for the month of December.   "Our December data appears to indicate that some sellers are opting to delay their plans until the spring. Despite this, there are still quite a few individuals actively participating in the market. For more insights and expert guidance on how to navigate the current real estate landscape, we encourage you to connect with a local REALTOR®," Miller said.   In December, our local real estate market experienced a few other noteworthy changes in key parameters.   Housing supply saw a minor monthly decrease, moving from 4.7 months in November to 4.4 months in December.   The average home price for the entire LSTAR jurisdiction reached $628,047 in December, showing a modest increase from the November figure of $605,661. However, the Composite MLS® Home Price Index (HPI) Benchmark Price sat at $571,200, marking a slight dip from November's $577,400. Year-to-date, LSTAR’s overall average price settled at $647,190.