Nathan, Lori & Nate  Copeland

Nathan, Lori & Nate Copeland

Sales Representative

RE/MAX Rouge River Realty Ltd., Brokerage

Mobile:
905-376-0092
Office:
905-372-2552
Email Me

Hire A Top Class Real Estate Agent Who Will Invest In Your Future

2014 Market Update, Annual Stats for Northumberland County

NORTHUMBERLAND REAL ESTATE
Year End 2014- Market Update
Nathan Copeland, Sales Rep. Coldwell Banker RMR
905-376-0092




Though (2014) started with fewer transactions  than prior years, a solid recovery  began last  April and carried on throughout the summer, fall and winter.  As the below stats will illustrate, the year ended as  best on record for Northumberland County.

 

Overall YTD Statistics - The statistics in the table below consider all real estate transactions in Northumberland County for the years 2014 and 2013, including single family homes, condos, cottages, commercial, farms, etc.  (as reported by the Northumberland Hill Association of Realtors).


 

 

2014

 

2013

 

Change

 

Total Sales Volume in Northumberland Co.

 

337.2mil

 

309.1mil

 

+9.1%

 

Number of  Sales/Transactions

 

1192

 

1126

 

+5.8%

 

Number  of Listings

 

2326

 

2157

 

7.8%

 

Average Sales Price

 

282,865

 

274,468

 

3%

 

Number of Sales to Listings, as a %

 

(success ratio)

 

51.2%

 

52.2%

 

-1%

 

 

Residential Statistics:


 

 

2014 YTD

 

2013 YTD

 

Change

 

Total Sales Volume in Northumberland Co.

 

296.1mil

 

265.1mil

 

+11.7%

 

Number of  Sales/Transactions

 

1070

 

985

 

+8.6%

 

Number  of Listings

 

1823

 

1637

 

+11.4%

 

Average Sales Price

 

276,730

 

269,088

 

+2.8%

 

Number of Sales to Listings, as a %

 

(success ratio)

 

58.69%

 

60.17%

 

-1.5%

 

 

Here are a few of my personal observations from the above statistics:

 

1.  Residential sales was the key driver to our record breaking year, with increases in virtually every category.

 

2.  Non-Residential sales were actually down 2% in sales volume and in transactions, with basically the same number of listings.  This would have been slightly worse, but there were a few very large farms sold that in a market of our size would skew the statistics.

 

3.  Northumberland County’s average price increase was slightly lower than Canada’s overall (3.8%) and even more so compared to Ontario’s overall (5.3%).  Of course Ontario’s larger than average increase is being driven by Toronto and the rest of the country by other hubs such as Vancouver and Calgary.

 

Moving Forward – With this week’s announcement of cutting interest rates by the Bank of Canada, we can expect a continuation of favorable lending rates which will help fuel the overall market.  It also helps that we live in a desirable, favorably located area that continues to attract more and more buyers from the GTA/Durham region. 


Investors – If you are in the market as a real estate investor or are considering exploring the possibility, I would be happy to have a private, no obligation chat.  I have helped several clients over the past couple of years either cash out their investment properties or purchase new ones.  Feel free to call me on my cell: 905-376-0092. 



Featured Listing #1:  One of the finest lots on Rice Lake, featuring a 3BR/2BTH well maintained bungalow with gourmet kitchen, attached 2 car garage and spectacular sunsets. 


You Tube video:  https://www.youtube.com/watch?v=hdN_juxKSU8   mls listing:  http://www.realtor.ca/propertyDetails.aspx?PropertyId=15217242 


As always, I trust you find the above information useful, and remember, I am never too busy for your referrals!.

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