The Southern Georgian Bay Real Estate market continues to be hot. High buyer demand and low supply of homes to be purchased are keeping prices elevated and forcing many sales into multiple offers. In 2020 we saw the average price of a residential home in the Western Region of the Southern Georgian market increase by a whopping 24% from $515,515 to $678,309.
What does that mean for you if you are planning to list your home to sell? It is likely that your home, if it is priced appropriately, will sell very quickly, and there may be multiple offers received. Your real estate agent will likely suggest “holding offers” which means that you, as the seller, will set the date and time to review any offers that are received for your property. Buyers will need to present their best possible offer, with their best price and the fewest conditions that they are comfortable with, and then hope that you choose their offer to work with. There are many things that you can do to prepare your home to generate lots of attention once it hits the market, like decluttering and staging – be sure to check out our Tips for Sellers, and then give us a call.
What does this mean if you are a buyer looking to purchase a home in our area? Whether you are a first time buyer or an investor, or somewhere in between, this hot market means that you will need to know what you are looking for and what your budget is. Since most properties are “holding offers”, as the buyer you will need to present your best possible offer, with your best price and with the fewest conditions (like financing and inspections) that you are comfortable with. A local realtor, who knows the local market, is your best resource in Southern Georgian Bay. Check out our Tips for Buyers, and then give us a call.
For a more detailed look at the current Southern Georgian Bay Real Estate Market, click here.
Check Out Our NEW Website!
We are very excited to launch our BRAND NEW website! If you are looking for a home to buy, or hoping to sell your home, or if you are searching for information and resources about the Southern Georgian Bay real estate market, visit our new website. Bookmark us for quick access to all the real estate information you need!
Read our Latest Blog
Be Prepared for Up-Front Costs
Are you getting ready to buy a new home? If so, you’ve probably already thought about establishing a budget, but did you know that there are some up-front costs that you’ll need to be prepared for? Read more
Together we make up a group of enthusiastic professionals eager to show you the possibilities of the Southern Georgian Bay real estate market. We use the most current tools and technology so we can meet your needs, whether they be investments or a dream home. With years of experience in real estate and the Georgian Bay area, we value our clients because we care about this area and the people who live in it. Click here to connect. We look forward to meeting you.
We love where we live and work and we know that you will love it too! Click here to check out the Community Profiles of the Southern Georgian Bay communities that we think are great places to live.
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