TEAM WEIR NEWSLETTER

JANUARY 2018

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You may have heard that 2017 was a record year for the Quinte real estate industry.  It seems that buyers from the GTA are not all going north and west any longer, but have now discovered the Brighton, Quinte West, and Belleville markets to their east. At the end of 2017 the average sale price of a home was $299K compared to $258K at the end of 2016.  By contrast, active listings were down 30% at the end of 2017 from the end of 2016.

I believe that the first half of 2018 will see a similar strong demand for residential properties, as well as continued inventory shortages. With this in mind, we are asking you to think of us if you, or a friend/family member, are thinking of selling this year.  We have numerous local buyers and incoming military families for whom we are having a difficult time finding a home. As a seller, it doesn’t get much better than showing your home for a week and possibly getting multiple offers.

2017 2016 %Change
Total # of Listings in December 177 205 -13.7%
Total # of Listings YTD 5,905 6,252 -5.6%
Total # of Sales in December 146 174 -16.1%
Total # of Sales YTD 3,942 3,927 0.4%
Total Sales Dollar Volume December $43,722,990 $46,717,013 -6.4%
Total Sales Dollar Volume YTD $1,172,448,518 $1,006,561,531 16.5%

As always, Team Weir has lots to offer our clients, both in terms of valuable real estate information and giving back! In 2017, we were pleased to make donations to several worthy organizations including the ALS Society of Canada, the Quinte Humane Society, Three Oaks, and a variety of local sports teams!

Be sure to come back to our website and Facebook pages often to see what’s new and exciting.  Coming up, Team Weir will be holding its 3rd Annual Food Drive (February 11th) and we have 2 tickets to give away to the Ron James show at the Empire Theatre in early March.  And, of course, we will continue to offer tickets to some of the Belleville Sens games!

In the meantime, be sure to give us a call if you would like a complimentary appraisal of your home or if we can offer you any suggestions as to how to best prepare it for the spring market.  Last year, we successfully completed more than 300 buying or selling real estate transactions and were awarded the Trentonian’s Reader’s Choice award for favourite Realtor®.  We must be doing something right!

Talk to you soon,

What Is Radon?

As defined by Ottawa Public Health, Radon is a naturally occurring radioactive gas released when uranium in soil and/or rock breaks down. Radon is invisible, odourless and tasteless. Radon does not tend to be a health issue outdoors, as atmospheric mixing dilutes the gas to low concentrations. However, in a confined space – like a basement – radon can accumulate to high levels, which can present a health risk.

The health and safety of you and your investment is important to us at Team Weir. We want you to be informed of possible risks to both you and your family as well as your home and investment. Please read through the following articles to ensure you know how radon can impact you and the steps you should take to minimize your risk.

Radon In Your Home – Ottawa Public Health

Radon: Why It Matters – Pillar To Post Home Inspectors

Removing Pet Odours From Your Home

We at Team Weir want our clients to always have the best chance to get the most value out of their homes when selling.  With that in mind we are always looking for tips to assist you in getting the most from what is usually your most important investments – your home.
One of the most important factors that impact a buyer’s opinion of a home that they are looking at purchasing is – the “smell” of the home.  This may not seem as important but a negative smell, such as pet odours, can have a subconscious impact on a buyer’s decision on whether that home stays on the “short list” of possible homes to purchase.
If you are selling a home, or have purchased a home with a pet odour, there will more than likely be a negative impact on the home’s value if you don’t rectify this issue.  With that in mind we have provided this article to assist you to get rid of the smell of pet urine.

Bathroom Renovations: Things To Consider

After the kitchen, bathrooms are the most popular item to renovate in a home. If you are considering selling your home you may want to consider the below stats and trends to make your home more appealing to buyers.

  • 60% of those renovating a bathroom renovate the master ensuite bath
  • 61% of those who renovate – gut the bathroom and start from scratch
  • 1/3 of renovators do away with a tub in one of their bathrooms
  • 91% replace their master ensuite sink
  • Over 50% who renovate an ensuite vanity put in two sinks
  • 90% who replace a toilet replace it with a high efficiency toilet
  • 79% prefer glass shower doors over a curtain

Winter Home Maintenance

Our long Canadian winters can be particularly hard on our homes. Making time for winter home maintenance is an important step in preventing damage to your home this season.

Below are  5 Home Maintenance Tips For Winter as published by Reader’s Digest.

  • Shovel snow away from your home’s foundation.
  • Remove ice dams on low-pitched roofs and gutters.
  • Remove snow and ice from external vents.
  • Replace furnace filters.
  • Winterize yard furniture and equipment.

More information about why it’s important to complete these tasks, how to complete them and the estimated cost associated with each can be found at the above link.

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DID YOU KNOW?

  • The Olympic Games originated in 776BC.
  • The Olympic Games originated in Olympia, Greece.
  • The first Olympic Winter Games were held in 1924.
  • Chamonix, France hosted the first Olympic Winter Games.
  • The Olympic Motto is Citius, Altius, Fortius (Swifter, Higher, Stronger).
  • Baron Pierre de Coubertin is the founder of the modern Olympic Games.
  • Lausanne, Switzerland plays host to the International Olympic Committee.

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