REAL ESTATE NEWS
As I suspected last month, Kingston & Area has seen a change in the local markets. Although sales were higher than expected, the List to Sell ratio has dropped to 101%. We haven’t seen this since last November. We hit an….
I recently talked with a young lad who is making the leap into home ownership. He has a budget under $300,000 and is willing to travel 30 minutes outside of Kingston. He is a bit reluctant whether he will find anything. And to be honest, I’m nervous for him as well. What use to be a healthy budget for the first time buyer, home ownership is slowly slipping away from many first time home purchasers.
This month I thought I would start off with some FUN FACTS. Last month I hinted that there seems to be a change in the air. We are definitely seeing less offers and in some cases no offers when it comes to offer presentation day if the Sellers are holding off on reviewing any offers.
Lennox & Addington is seeing a surge in real estate pricing over last year, same period (+33%). It is difficult …
This year the statistics show a larger percentage of buyers were either buyers moving to larger homes and/or out-of-town buyers. Additionally, unsurprisingly, buyers under 35 years of age are realizing they want more space.