What is selling?

What is selling?

Hello,

We often receive inquiries about the dynamics of the real estate market, such as which segments are active? What buyers are seeking? Why do certain properties sell faster than others? Today, we wanted to share some observations from our brokerage to help provide a better understanding of the current marketplace.

While we've noticed an increase in sold signs and even bidding wars in certain segments, it's important to note that not all properties are experiencing the same level of activity. Here's what we've observed:

1. Light and bright homes: Properties with dark interiors and cabinets tend to spend more time on the market and receive fewer showings compared to those that appear light and bright in listing photos.

2. Move-In ready properties: Buyers are leading busy lives and often lack the time or inclination for extensive home renovations. Consequently, properties that are move-in ready tend to sell more quickly, while those requiring significant work may take longer to attract buyers.

3. Ample garage space: The demand for properties with spacious garages is on the rise. As people acquire more recreational equipment and vehicles, adequate storage space has become an important consideration for buyers.

4. Unique and One-of-a-kind homes: Unique properties with distinctive features and characteristics continue to generate high interest and command premium values. We recently sold a property on Rutland Road within days of listing, attracting multiple interested parties. Its active market pricing, ample parking, attractive curb appeal, and move-in ready condition contributed to its swift sale. (Link to listing)

5. Pools and summer appeal: With summer in full swing, homes with pools are particularly desirable and tend to sell more quickly. The prospect of enjoying a refreshing dip in one's own backyard adds significant appeal for buyers.

If you have any questions or would like further insights into the market, we are always here to assist you. Feel free to reach out, and we'll be more than happy to help.

Thank you for your ongoing trust and support.

Warm regards,

Shannon and Tamara

P.S. Don't forget that curb appeal plays a vital role in attracting buyers. If you're considering selling next year, it may be worth capturing photos this summer when your property looks its best. This way, we'll be ready to hit the ground running next year.