If you're the type of person that loves to take a deeper dive into the details of the market, then feel free to click on this link I have included ad read on...
Hope you are all keeping well. So nice to see the sun rising higher in the sky and more daylight! Stay strong... together, we can overcomethese challenging days!
Today is Family Day here in New Brunswick... I'm sure that this year, it has an even more important ring to it considering what we have all been experiencing over the past 12 months!
Losing freedom to travel to visit our friends and loved ones is difficult. So when we do have those rare opportunities, if you're like me, you cherish those special moments even more.
When it comes to purchasing your new home or selling your existing one, it has brought an added level of challenge and anxiety for many and makes my job as a REALTOR® that much more important. Following Covid 19 protocols in showing properties has heightened caution and concern for many. So I make sure I always wear my mask when I enter a residence, as well as my clients and I have my spray bottle with alcohol in the car and wash my hands way more than I used to. Also, this past year has added a new level of buying without purchasers actually even being physically present! I strive to make sure I fully understand the needs and wishes of my clients when 'showing' them through a house via some electronic visual medium. So, the phone must always be charged! I have assisted clients as far away as British Columbia this year who have entrusted me with assisting them in purchasing their home. I consider this a privilege and grave responsibility. After all, this is such a major investment. I treat these evaluations as if it was one of my family members who was purchasing the home.
Sales prices have spiked over the last year as well and frankly, I do not see that slowing down. In the Saint John region, we have been undervalued for a long time and now, it appears that many buyers from outside the province have discovered that this is indeed a wonderful place to live! For many, selling their property and moving here allows them to uograde significantly... in some cases for much less than what they realized from the sale of their present property. Eastern Canada in general is now being viewed as a very desirable location! (We've know that for years... right?)
So... stay safe, give thanks for life's most precious treasures!
Imagine... we did it! Yup, we endured a difficult year with all its challenges and as we enter 2021, it is a renewed hope that soon, the virus pandemic will be held at bay! Roll up your sleeve...
So, if we were able to deal with all the unexpected changes last year, then perhaps it gives each of us a new perspective on how we can face the future. Unexpected challenges always happen in everyone's life. Perhaps we have used them as excuses for not accomplishing something important to us. But now that we see what we are capable of, maybe we will not have the determination (gumption) to get on with those goals... I mean, what have we got to lose?
I have always mumbled that when I got older, I would start painting, but there was always an excuse for not getting on with it. Well, I finally prepped a canvas and then posted it on my personal FB page to encourage all my friends and acquaintances that 2021 is like a blank canvas... now it's up to us to 'paint' the picture. I was kinda proud of myself, but then kept staring at the canvas and realized that I better get at it myself. So, I did my first painting and entitled it 'A New Year'... That is the image you see here. It is a stylized painting of earth to sky with the sun between and scattered throughout are the blending of depths of colour and shades to remind us all that we will all face interruptions and obstacles and changes of direction, but when all is said and done, we will end up with a painting at the end of the year.
So... take up your brush, grab your paints and Get Paintin'!
Happy New Year to all and may it be one filled with a sense of gratitude, courage, compassion, creativity and a deep and abiding love for those we share our lives with. The time to move is now so... Get Packin'!
This article just came out in Huddle Magazine;
SAINT JOHN – Home sales in the Saint John region continued to set records in the month of October, according to the local real estate board.
The Saint John Real Estate Board says 283 homes were sold during the month, up 25 per cent year-over-year.
While home sales dipped slightly from September, they did set a monthly record for October.
“Not only did home sales break through the 250-mark for the first time in October, they also posted the second-highest level of any month in history behind the record set just two months prior in August,” said Corey Breau, president of the real estate board.
It has set the stage for what will likely be a record year for home sales in the Saint John region.
But Breau said the main story continues to be the unexpected strength of demand combined with low inventory numbers.
“New listings have been increasing, however, sales are outpacing them,” he said.
There were 293 new residential listings in October, down from the 320 new residential listings recorded in September.
The number of active residential listings stood at 830 at the end of October, a drop of nearly 100 listings from the previous month.
Months of inventory — the number of months it would take to sell current inventories at the current rate of sales activity — numbered 2.9 at the end of October, well below the long-run average of 10.8 months for this time of year.
As demand continues to grow, so does the average price of home sales, which hit a record $212,578 in October. That is a year-over-year increase of more than 12 percent.
The more comprehensive year-to-date average price was $196,781, up nearly eight percent compared to the first 10 months of 2019.
Overall, home sales totalled $60.2-million last month — a new record for the month of October.
The Saint John Real Estate Board covers the southern part of New Brunswick to the U.S. border in St. Stephen and includes the counties of Saint John, Kings, Charlotte and portions of Queens."
Brad Perry is the news director for Country 94/97.3 The Wave, Huddle content partners.
So friends, if you have been seriously thinking of purchasing in the area, I would suggest sooner than later. The good news is that interest rates continue to be very low, but who knows how long that will remain?