Kawartha Lakes Real Estate Market Conditions
Why the Kawartha Lakes Real Estate market heats up as the weather cools.
No one wants summer to end but the up side is that the busy fall Kawartha Lakes real estate market heats up.
July and August are busy in the Kawartha Lakes with visitors from all over the world making the Kawartha Lakes their holiday destination. With the hectic nature of unplanned summer activities and even planned activities, the search for real estate gets put on the back burner in favour of family fun.
All that is about to change: Every year, on the day after Labour Day, the Kawartha Lakes real-estate market explodes like clockwork. Home Buyers revisit the Kawartha Lakes to view the communities at a more relaxed pace. The fall colours, cooler temperatures and relaxed pace of life enjoyed by Kawartha Lakes Residents can be seen and enjoyed by those considering retiring to the Kawartha Lakes.
The fall boom is very much a chicken-egg situation: Buyers don’t get down to business until the listings are in abundance, but sellers don’t list their properties until the buyers start looking.
So what does this mean for the fall market? There’s more choice, for one. Buyers could come across multiple suitable properties that satisfy their search criteria. In some instances “deals” can be found as properties that have not been picked up in-season are reduced in the quest to find a buyer. Cottage owners may have decided to use the cottage for one last summer and enter the fall market new and fresh. Prepare to be in a competitive market place for these first time listed family gems. Fall price reductions on older inventory can spark competition from the many potential buyers that saw the property over the summer but did not feel it was priced competitively at the time.
You’d be naive to think that when a Kawartha Lakes home or cottage within your price range hits the market, that you’re the only person who’s going to stumble on the deal and submit an offer. By readying yourself for a competitive market now, you won’t be disappointed later.
Doing your property homework in advance and learning about the Kawartha Lakes is the first step towards making your cottage or retirement dreams come true. Many of my past clients began exploring the villages and towns in the area with day trips to the area. Checking out the neighbourhoods like Victoria Place and Port 32. Making note of the styles of homes you like, the locations of parks and points of interest, proximity to retail, and other important family and health considerations is essential to making an informed decision.
Market predictions for the fall: The fall will be the same as this past spring—we’ll see competition for quality family homes, and waterfront properties. I expect that prices will continue to rise. I wish climbing costs weren’t the case, but they will be as long as the Kawartha Lakes continues to be a preferred retirement and recreational area with-in easy reach of the GTA..
The fall market moves quickly. We get two harried months in September and October before the market slows in November, then dies out almost completely in December.
Finding your ideal retirement or recreational property in the Kawartha Lakes is made easier when you work with a local Realtor who knows the area and knows the market place and trends. This requires the commitment of both the buyer and the buyer’s agent. Finding the perfect Kawartha Lakes home or recreational property is a huge commitment, if you plan on spending 10 to 15 years or longer in the property you buy, then choosing the right buyer’s agent is the place to start.
For additional information about the Kawartha Lakes Real Estate Market place and the advantages of Life in the Kawartha’s contact Brad Nelson – Broker and Kelli Lovell- Sales representative and let’s get started
- 46 Acres for sale near Bobcaygeon (bobcaygeonhomesforsale.com)