February home sales up over year over year
We've all heard it... the market isn't doing so well.. it's a tough sell out there.. Well now, we have some stats that show quite the opposite!
Residential property sales numbered 110 units in February, rising 18.3 per cent from February 2015. This stood slightly above the five year average for the month and also marked the best February in three years.*
Fredericton's February sales of homes priced from $150,000 to $250,000 increased +7% on a year-over-year basis, which is great news for homes priced in this range. This price range is the most affordable, and easiest to sell in terms of marketability. With interest rates where they are, these homes present favourably to new home buyers.
Sales for homes in Fredericton in the range from $250,000 to $350,000 were down five sales on a year-over-year basis. There were two more sales priced from $350,000 to $500,000 compared to the same month last year and an increase of one sale from a year earlier for homes priced above $500,000.
When buying or selling - ensure your REALTOR® has all the information and facts and is aware of trends pertaining to your home and neighbourhood!
This home is located in New Maryland, and originally had 3 bathrooms. Out of all these bathrooms, there wasn't a single bath tub! Not great for a family with kids, but perfect for the opportunity to renovate!
Here's what it looked like to start!
After demo'ing the shower, old tile and trim we got to this stage:
Dark, poor colours, but on the right path!
We had to build a false wall behind the tub install. This allowed us to box up and create a custom box for shampoo and other things for the shower!
Time for the Flooring! Beautiful 2 foot tile from Maritime Flooring!
How it's all starting to come together :)
And the end result??
Hiring a Realtor that understands what needs to be done to help a house sell, along with the prices you should expect to pay for renovations can be worth it's weight!
If you plan on listing and doing renovations, it's always a great idea to get your Realtor on board with your plans to see if the renovation is worth doing in the first place!
#1 Property tax is less than Fredericton City Tax. Being 5 minutes from all amenities and getting a tax break means a BIGGER home for less tax Dollars!
#2 New Maryland Elementary School is one of the TOP rated schools in the Province making the area VERY appealing for first time buyers or young families.
#3 New Maryland Town Hall does an amazing job of organizing events, creating community spirit and bring everyone together. It truly has a small town feel but 5 minutes from all the essential amenities of uptown Fredericton.
#4 Proximity - to the uptown area, corbett centre, + Major highways. This makes it great for our military members as they are conveniently located next to the highway making the drive to base Gagetown just around 10 minutes. It also works out well for the family members who don't work at base Gagetown, as the drive to everything uptown is just a skip away!
If you are planning on Buying or Selling in New Maryland - be sure to get in touch :) I live here, and have a vested interest in the community and want to make sure you get top dollar when the time comes to sell!
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This is one of my favourite topics to discuss. Everyone out there wants to save money, and of course I am right there along with them!
This is wrong!
Realtors® don’t see the ad who have a TON of qualified buyers
Homes are priced incorrectly
If you'd like to work with me, or know someone who I could help - Click here to get in touch! :)