The Niagara Market Update for August 2023 Niagara real estate continues to hold steady, and with the recent Bank of Canada announcement September 6th that interest rates will hold for now. August showed us less new listings than July, with basically the same amount of sales, but this is expected during this month, as many are enjoying the last days of summer and getting the kids ready for school, We are also seeing the gap getting smaller regarding HPI composite benchmark price. Prices are only down 1% from July to August of 2023, and down 3.6% from August 2022 to August 2023.…

Even though you may feel reluctant to sell your house because you don’t want to take on a mortgage rate that’s higher than the one you have now, there’s more to consider. While the financial side of things does matter, your personal needs may actually matter just as much. As an article from Bankrate says: “Deciding whether it’s the right time to sell your home is a very personal decision. There are numerous important questions to consider, both financial and lifestyle-based, before putting your home on the market.” So, ask yourself this: why do I want to move in the first place? Chances are your primary motivation isn’t just…

If you’re a homeowner, you might be torn on whether or not to sell your house right now. Maybe that’s because you don’t want to take on a higher mortgage rate on your next home. If that’s your biggest hurdle, understanding your equity may be exactly what you need to help you feel more comfortable making your move. What Equity Is and How It Works Equity is the current value of your home minus what you owe on the loan. And recently, that equity has been growing far faster than you may expect. Over the last few years, home prices rose dramatically, and that gave your equity a big…

The Niagara Region is experiencing a balanced market with housing prices rising slightly. This stability indicates a healthy real estate landscape, attracting both buyers and sellers. The consistent increase in housing prices showcases the Region’s desirability and points to a strong market going into the Fall. Reach out if you have any questions.

While this isn’t the frenzied market we saw during the ‘unicorn’ years, homes that are priced right are still selling quickly and seeing multiple offers right now. That’s because the number of homes for sale is still quite low. To set yourself up to take advantage of this market, you need to rely on an agent. Only an agent has the expertise needed to find the right asking price for your house. Here’s what’s at stake if that price isn’t accurate for today’s market value. The price you set for your house sends a message to potential buyers. Price it too low and…

Here are the top 5 reasons you should consider doing it now: Summer Selling Season: August is often considered a great selling month in many real estate markets, including the Niagara Region. The weather is usually favourable, and potential buyers are more active, making it an opportune time to list a property. Relocation: August is a common time for people to relocate due to work, school, or other personal reasons. Families may want to move before the start of the new school year, making it an ideal time for them to purchase a new home. Downsizing or Upgrading: Homeowners may find that their…

If you’re looking to 𝗕𝗨𝗬 a home:⁣ ⁣ 🌟Don’t wait to get paperwork ready. 🌟Do everything you can NOW (gather down payment funds, get pre-approved, have your home ready to sell) so when you find your dream home you can move, and move fast!⁣ 🌟Don’t make a clunky offer. Make a clean offer with as few contingencies and concessions as possible.⁣ 🌟Don’t let your emotions run awry. 🌟Trust your Realtor. ⁣I've been in this industry long enough to know and understand the market. Let me guide you and help you make the best offer to win a home. ⁣ 👉Ready to Sell? Ready to Buy? I'm ready for you! ☺️ Send…

Niagara Region Market Update for June 2023 is Live! Year over year for June, we are seeing more sales and less listings, indicating the Niagara Region is still a place people want to buy homes. Homes are taking a little longer to sell than they did at this time last year but 30 days average to sell is quite normal. Month over month we are still seeing a moderate value increase, while the number of sales and new listings have a smaller gap, meaning we are in a balanced market. Reach out if you have any questions or curious to know the value of…

As we step into spring, many things come to mind from the blooming flowers to the brighter days. But did you know that spring is one of the most favored times to sell a house? The warm weather, mild conditions, and picturesque viewings set the scene for your house to look it's best. In this blog, we will explore the benefits of selling your home in the spring market and why it's the perfect time to put your home on the market.

May stats are live! If you have any questions about the current market reach out at any time. I'm always happy to chat. 905-321 - 6165

Welcome to the exciting month of June, where we celebrate National Homeownership Month! Whether you're a first-time homebuyer or someone looking to upgrade your current living situation, there's no denying the profound impact that owning a home can have on your life. In this blog, we will delve into the top five benefits of homeownership, highlighting the advantages that await you when you decide to invest in your property. So, let's explore why homeownership can be a life-changing experience!

Buying or selling a home is a massive undertaking that comes with a lot of choices. One of the most critical decisions you will make is whether or not to work with a realtor. Homeowners have always faced this question, and the answer ultimately lies in your preferences and situation. Whether it's buying or selling, each option comes with its benefits and downsides. At Tracy Phelan, We will be working for you every step along the way to ensure you receive the greatest possible price for your house in the shortest amount of time. In this blog post, we will examine the pros and cons of utilizing a realtor's services against buying or selling property by yourself. By the end, we are sure that you will be able to decide what suits your needs and avoid the possible pitfalls.

Welcome to the world of Tracy Phelan RE/MAX Garden City Realty Inc, where you can count on receiving top-notch professional real estate services from a trusted expert with over thirty years of experience in the industry. With my extensive knowledge of the Niagara real estate market, you can rest assured that you are in good hands. Whether you are looking to buy, sell, or invest in real estate, I am committed to delivering exceptional results that will exceed your expectations.

April stats are live! If you ave any questions about the current market reach out at any time 905-321 - 6165

Looking to buy a property can be quite overwhelming especially if you don’t know what to expect or where to begin your search. One of the best decisions you can make when searching for a property is to hire a personal real estate agent. A personal real estate agent at Tracy Phelan can help make the process easier and less stressful for you. In this blog post, we’ll be discussing the benefits of hiring a personal real estate agent for your property search.

“Move-in-ready homes with curb appeal and in desirable areas—and that are priced to sell—are especially likely to move quickly this spring.”

March stats are live! If you have any questions about the current market reach out at any time 905 - 321 - 6165

It is always really special for me to assist seniors when they've made the decision to move on from their 'family' home to a smaller property. My SRES designation means I've received specialized training to help make the transition as simple as possible. I would be honoured to walk you, or a family member, through the process.

1. Increased demand: Spring is typically a popular time for home buyers to start their search, as the weather is warmer, the days are longer, and families often plan their moves during the summer months when children are out of school. By getting your home ready for sale in the spring, you'll be tapping into a larger pool of potential buyers, which can increase your chances of selling your home quickly and for a good price. 2. Better curb appeal: After a long, cold winter, your home's exterior may have taken a beating. By sprucing up your landscaping, touching up any…

The Niagara Real Estate Market Report Year over Year - February 2023 vs February 2022 As forecasted, the Niagara Region has begun to spring back as month over month sales are up, the number of listings is up and the average days on market has decreased slightly. We can see as well that home values are holding steady at roughly the same as it was in January 2023. Looking back year over year, we will continue to see larger differences in these numbers as the market did not begin to level out until late in the second quarter of 2022. New…