December closes out the year with strong sales

23 homes sold plus 1 condo/attached homes. These sales were distributed under $250k with 5 sales above $250k.  We also have a very low inventory which will help sellers sell at a much quicker rate. 

Low-interest rates are definitely a factor in home sales.  With homeowners spending so much more time at home, many are finding that they need different or alternative spaces to what they have.  With the high cost of building materials, homeowners are looking at options to achieve their new home desires. 

Home Buyers are factoring in upgrading costs when they purchase.  Definitely upgraded homes have more appeal and new home builds have a stronger appeal in each price bracket.  Prices are softer than last year but we are seeing an uptick.  Some buyers are taking equity from their homes and upgrading with the new low-interest rates. Home improvement supply costs have dramatically increased, and upgrading rather than a renovation is often a smart move.   

For a more detailed view of the market in the Battlefords for the year 2020 check out Battlefords Market Review 2020

If you are selling take the time to review the house condition and think about fixing the little items. Paint is a great way to freshen your property. Go through the property and make sure your decorating has an appeal to home shoppers.  Check out these 5 tips to sell faster...

Buyers get your paperwork to the bank and get preapproved. Everything is slower now so don’t lose that dream house to bank delays.