All in all, it was a good year in Real Estate with price increases across the board.
Lakefronts along the lake north of Grand Bend had similar listing and sales number year over year whereas second rows in this geographic area saw double the number of listings this year vs last with only 2 more sales year over year. You also saw the most significant price increase north of Grand Bend along the lake, nearly 76%, due to more higher end homes or fixed up cottages sell rather than the more traditional cottage seen in years past.
In Grand Bend listing inventory was down year over year but up this quarter while sales were down both on the year and the quarter. A strong market with high demand and limited inventory lead to a 40% increase in value.
In the Port Franks market, it was a stable market with slightly more inventory on the market this year over last year with sales remaining just under 2020 numbers with a 35% increase in value year over year.
If your thinking about selling, give us a call and lets get your home ready for the spring market!
Call The PEDLAR Team today for all your real estate needs at 519-238-5700!
Happy New Year everyone!
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