Do we have a market? You bet we do! 2013 has been a great year for real estate in the Bancroft area, and things are continuing to look up. I’m happy to report that in the past 12 months (from Sept 2012-2013), almost 300 local properties have sold, with the Total Dollar Volume of Sales exceeding $53,857,450! That’s a lot of happy buyers and sellers.
So is this a good time to sell? You bet. The average sale price across all property types in the Bancroft area has risen 5% since this time last year, and is currently at $184,000
This is also a good time to make a plan if you’re thinking about buying, since property is still affordable and interest rates continue to be low. In fact, in recent months I’ve assisted many people -who have been carefully monitoring the market for some time- to buy now while the market is favourable, rather than wait and risk higher prices and interest rates.
Right now a 5-year fixed mortgage rate is just 3.89%. That means the monthly payments for a mortgage of $165,600 would be less than $900 total (including principal and interest). Looking for an affordable mortgage? You’re in luck! If you have considered making another move or have been thinking about your first buy, give me a call – I’m sure I can help you with your plan.
As I look back over the year so far, I feel very thankful and blessed to have met so many new people who have decided to come enjoy our beautiful countryside, clean air, open spaces and wilderness. So, how has your year been so far? I hope you have experienced a fulfillment of your goals, whatever they have been.
Be in touch,
**PS. At a recent seminar on Title Insurance, (facilitated by Stewart Title and sponsored by Apsley’s barrister/solicitor, Graciela Del Mar Cubias) I won tickets to the Oct 17th hockey game between Toronto Maple Leafs vs Carolina Hurricanes. Thanks Graciela! Go Leafs! Maybe I’ll see you at the game…