Locked In
June 28, 2022

By: Cliff Barron

Locked In
June 28, 2022

Tags: house showings, house viewings, home prices, home sales, remax agent, georgetown agent, milton agent, current real estate market, real estate agent, real estate info, real estate stories, real estate humour, selling houses, buying houses, showing houses, top realtor, mortgage rates, locked in mortgage rate, buyer's market, seller's market, lowball offers

How's the market doing? That's the big million dollar question I get asked daily - almost hourly.  Right now,  it stinks.  As a seller it stinks, to be perfectly frank.  It really does - showings are low, appointments are low, open houses are everywhere because nobody can sell anything. Just drive around your town and you'll see open house after open house after ope...Read More

The Price Gap
May 21, 2022

By: Cliff Barron

The Price Gap
May 21, 2022

Tags: home prices, home sales, remax agent, georgetown agent, milton agent, current real estate market, real estate agent, real estate info, real estate stories, real estate humour, selling houses, buying houses, showing houses, top realtor, Georgetown, Georgetown realtor, Georgetown homes, Georgetown broker, real estate advice

I did a deal in Milton a few days ago. The reason the deal happened is that my clients moved from a small townhouse to a larger detached. It was way larger - almost double the size.  Believe it or not, they made the move for about $350,000 more and they doubled the size of their home. So today I'm talking about "the gap". The gap between a townhouse and a fully detached has real...Read More

Be sure before signing on the dotted line!
April 15, 2022

By: Cliff Barron

Be sure before signing on the dotted line!
April 15, 2022

Tags: market update, real estate stats, brokerage, remax, remax agent, sales stats, georgetown, milton, real estate agent, current home market, Milton agent, Milton realtor, Georgetown agent, Georgetown realtor, The Cliff Barron Team, good neighbour, desirable neighbourhood, deposits, losing a deposit, real estate conditions, firm deal

As expected, rates went up by half a point yesterday - that's going to affect mortgages of course. A lot of people are locked in though, so they've got their fixed mortgages. We might not see an immediate effect, but in June there are rumours of another half point increase, so we are going to start to see the effects soon, for sure. For now, we don't need to worry about the rates...Read More

Sold Over Asking?!
April 7, 2022

By: Cliff Barron

Sold Over Asking?!
April 7, 2022

Tags: market update, real estate stats, brokerage, remax, remax agent, sales stats, georgetown, milton, real estate agent, current home market, real estate advice, Glen Williams, sold over asking, deposits, appraisals, bank loans

Sold over asking signs. You've probably seen them everywhere.  Don't get used to that though because that's starting to fade away. Every single home was selling over asking up until maybe a month ago.  You still see them now, but not as often as before because the market is shifting.  You can see it. The number of showings are down, the number of offers are down.  O...Read More

Our ever-changing real estate market
March 30, 2022

By: Cliff Barron

Our ever-changing real estate market
March 30, 2022

Tags: market update, real estate stats, brokerage, remax, remax agent, sales stats, georgetown, milton, real estate agent, current home market, real estate advice, march real estate market, georgetown agent, milton agent, glen williams, remax, top realtor, home flipping, buy to rent, rentals, market change, real estate information

As March comes to a close, you may be wondering: what is happening with the market?  It's shifting.  There are areas that are doing well and there are areas that aren't doing as well.    This week, I was in on one in Georgetown.  A bungalow in Georgetown sold for  $250k higher than the last sale, which was about  $250k higher than the sale before that, j...Read More

Were my market predictions correct?

By: Cliff Barron

Were my market predictions correct?

Tags: market update, real estate stats, brokerage, remax, remax agent, sales stats, georgetown, milton, real estate agent, current home market, real estate advice, march real estate market, georgetown agent, milton agent, glen williams, remax, top realtor, market predictions, real estate pockets

I had predicted that the market was going to slow in March and I was actually right on the money! I've got a few listings going right now but it is slow - you can feel it a bit slower.  I did some research because I wanted to see how homes were selling in Milton relative to the asking price and offer dates. I found 11 homes where the offer dates were scheduled for Monday. The time came a...Read More

Rate hike - what does this mean for YOUR mortgage?
March 4, 2022

By: Cliff Barron

Rate hike - what does this mean for YOUR mortgage?
March 4, 2022

Tags: market update, real estate stats, brokerage, remax, remax agent, sales stats, georgetown, milton, real estate agent, current home market, real estate advice, real estate tips, moving, time to buy, time to sell, canadian real estate, current values, mortgage rates, rate increase, interest rate hike

Big news is that the mortgage rates increased this week by a quarter point. People are all asking what it's going to do to the market? And the answer is... nothing. It's not going to do a thing.  I ran some numbers and they say that the average mortgage is $400,000 - which is a crazy number.  It's not really that - it's way higher, closer to $600,000 or $700,000.  I ...Read More

The honest truth about home staging...
February 24, 2022

By: Cliff Barron

The honest truth about home staging...
February 24, 2022

Tags: market update, real estate stats, brokerage, remax, remax agent, sales stats, georgetown, milton, real estate agent, current home market, real estate advice, real estate tips, moving, time to buy, time to sell, canadian real estate, current values, covid real estate market, home staging, staging tips, home stagers, professional stagers, selling for more money, staging works

I showed a bunch of properties out of town (Guelph, Cambridge, Kitchener, Woodstock) this week and I've noticed (well, it's too early to say and I really don't want to try and predict anything) that the number of showings is slightly lower and the number of offers is slightly lower, so this  could be indicative of a slight slow down.  It's really hard to say though. It...Read More

Real Estate Rollercoaster
February 16, 2022

By: Cliff Barron

Real Estate Rollercoaster
February 16, 2022

Tags: market update, real estate stats, brokerage, remax, remax agent, sales stats, georgetown, milton, real estate agent, current home market, real estate advice, real estate tips, moving, time to buy, time to sell, canadian real estate, current values, covid real estate market, rising home prices, rollercoaster, georgetown realtor, current real estate market

I did a few showings over the weekend and sold a condo as well. The condo sold more than a hundred thousand over the asking price.  And you know what - we actually had priced it okay.  It wasn't priced ridiculously low.  The last sales in the complex were $825-$850K and those only sold 2 weeks ago.  We listed at $799K and it sold for way over the asking price - $925K actual...Read More

I Have A Beef!
February 11, 2022

By: Cliff Barron

I Have A Beef!
February 11, 2022

Tags: market update, real estate stats, brokerage, remax, remax agent, sales stats, georgetown, milton, real estate agent, current home market, real estate advice, real estate tips, moving, time to buy, time to sell, canadian real estate, current values, covid real estate market, sold above asking, multiple offers, list price, pricing correctly, real estate pro

I've got a bit of a beef about something. You see all of these SOLD OVER ASKING posts? They're great, but no one really considers the negative effect on the sale price by selling over asking.  I know it's kind of confusing, but here's an example of what I mean: I had a client who wanted to see a certain property on the weekend.  It was a rural property, listed at $1.1M, ...Read More