Michelle's Outlook Residential Market Update for December

Michelle's December market update for Outlook residential properties:

December 2013

1 Sold Properties - original list prices:  $264,000

3 New Listings (has not been previously listed in the past year):  $91,900 - $387,500

vs. November 2013

4 Sold Properties -  original list prices:  $39,600 - $164,700

0 New Listings (has not been previously listed in the past year): $0

Comparison from November to December shows us that people are starting to put their homes on the market again.  I would suspect this trend will continue to grow in January.  As for sales I think we can expect a few more in January as well.

Overview:  The house that sold in December was new to the market.  By reviewing the listing I can see that it was well maintained, has a lot of square footage, finished basement, double attached garage, and a lot of other great features which made it a move in ready home.  All these features come in to play for a quick sale.  The other feature that made this home unique is that it's wheelchair accessible and to the right buyer that feature can make it the perfect home.  Sometimes as sellers you might wonder why did that house sell and not mine?.... sometimes it is as simple as it had a feature that was important or necessary to a specific buyer.

Currently listed in Outlook we have 24 homes for sale and 27 including vacant lots and nearby acreages.  I'm happy to report that this is an increase in the selling market.  One thing to remember sellers is that as the properties for sale increases there will also be more competition so make sure your home shows its best.  This can be a good thing as well as a bad thing.  The bad side obviously that you have more competition, and the good side being that this can bring in more buyers and sometimes buyers that weren't initially interested in your property but decide to take a look.... and well... you never know :)

To make sure your property shows its best visit my page: http://outlookhomes.ca/Sellers/Preparing-Your-Home-To-Sell  where you can find tips on how to prepare your home.  Remember that you want to put yourself in the mind of a buyer.  Think about if you are buying a home, what do you want to see, what would you like to see?

 Please Note:  This data and information is gathered by me using MLS® and only includes properties listed on MLS®.

Michelle's Outlook Residential Market Update for November 2013

Welcome to my first residential market update for the Town of Outlook.

Here we go....

Michelle's market update for Outlook residential properties:

November 2013

4 Sold Properties -  original list prices:  $39,600 - $164,700

0 New Listings (has not been previously listed in the past year): $0

vs. October 2013

1 Sold Properties - original list prices:  $34,700

1 New Listings (has not been previously listed in the past year):  $169,000

Well good news for Outlook sellers is that the November market did have a slight jump in activity after a very slow October.

Overview:  We did see 3 properties listed in November but they all have been listed earlier in the year and therefore for this market activity report are not considered brand new listings.  The good news to sellers in the price range $0 - $175,000 is that the buyers are looking so keep your house up to shape as you could be moving by Christmas! 

Currently listed in Outlook we have 20 homes for sale and 24 including vacant lots and nearby acreages.

Michelle's Market Prediction for 2014

My prediction of the upcoming residential market for 2014 is that we are going to see an early spring (prime selling market) in the Outlook residential market.  I would guess that due to the slow fall market this is going to get things 'jumping' a little sooner and we can see a lot more properties being listed late January and selling maybe as early as the start of February. 

What this means for sellers:  Take the time over the next couple winter months to get your home 'spruced up' and ready for action as you could see a lot of buyer's winter snowprints up your driveway in February.

What this means for buyers:  Get your prep work out of the way.  Talk to mortgage lenders and get pre-approved and research the market and get to know the value of homes around town as you are going to want to know what properties are within your buying range.  When the prime season rolls in properties can come and go very quickly and you'll be better prepared at getting the house you want for the right price by doing some prep work.  You won't want to miss out on that one home you really love!

Please Note:  This data and information is gathered by me using MLS® and only includes properties listed on MLS®.