Everyone is wondering is the bubble going to burst in the Real Estate market?
I took a look at our little bubble here is Glenayre & College Park to see what is happening with the house prices since last year. What I found is the average list price has increased by $40,000 and the average sale price has increased by $90,000! Definitely what we call in Real Estate a sellers market. The main questions we get asked are "Is it the right time to sell and will the prices keep going up"? "Is it a good time to buy, will the prices level out" ? The short answer is we have no guarantee to know what is coming down the line as our market depends on so many variable factors i.e. interest rates, economy etc.
Each sale is different, people have different reasons for moving, downsizing, moving out of area's or upgrading.
If you want to know if it is the right time for you, we can give you all the necessary information to make an informed decision. We are always here to answer your Real Estate questions and help you make the right decisions.
Average List Price $782,475
Average Sale Price $767,560
Average List Price $823,831
Average Sale Price $857,609
Royal Lepage Sterling
778 319 2150