2015 has been an amazing year for the Andres and Karen Real Estate Team! With records broken and sales up we’re looking forward to what 2016 brings.
2015 sales for Royal Lepage Locations North were up 20.8% over 2014’s record breaking year. What makes this even more amazing is that the total number of listings in 2015 were actually down 15.3% from 2014. In 2015 we had 4347 listings as a brokerage compared to the 5129 in 2014.
One of the most exciting turn of events this year, and telling of the desire to live here in the Georgian Triangle, is the fact that every month of 2015, from January to December, broke 2014’s previous monthly sales record. So, although it was a seller’s market, buyers were buying, and sales prices were up.
As mentioned in our December Market Update – 2015 was the year of the seller. There were far fewer listings then demand required and it looks like it may be a similar story in the outset of 2016 in the Georgian Triangle.
What does this tell us? Well the number of buyers tells us that people want to live in this beautiful area. The fact that demand exceeded supply tells us that people living here don’t want to leave!
So, what can we look forward to seeing in 2016? It looks like the pattern may continue. 2013, 2014, and 2015 were increasingly banner years for sales. If this is the case it will be another great year for home sellers in the Georgian Triangle. So, if you’re considering selling now may be the perfect time to put your home on the market. And if you’re buying – you’re moving to a beautiful, much desired area!
If you’d like further information on the current market, or if you’re interested in selling or buying a home, don’t hesitate to contact us; we’d love to meet with you!
