Tight market conditions continued in Prince Edward County in March, with detached home listed for sale down 28% compared to the end of March last year. At the end of March 2016, there were 257 […]
March was an other month of strong sales for detached homes in Prince Edward County, with unit sales 33 homes, up 32% compared to last March. This represented a 6-year high in unit sales. The […]
Small-scale real estate investors -both new and experienced- often include low-rise multi-residential buildings in their portfolios, but is this an effective place to invest money? I recently analyzed the rate of return on such investment […]
I was recently asked about the price of waterfront land in Prince Edward so I dug out a pricing study which I had done for a client in May 2014 for some guidance. The data […]
Home sales were down slightly in February, but the total value of homes sold increased? How is that possible? This is a reflection of a long term trend in the market, where the mix of homes […]
Following in the pattern established in January, the inventory of real estate listings available for sale in Prince Edward County remained at 5-year low levels in February as shown below. Home sales in the County were off […]
Real estate listings usually fall in the County during the winter but this year the inventory of detached homes is extraordinarily low. In Picton, for example, listings fell to a 5-year low for the end […]
The County market for MLS commercial properties rebounded in 2015 with 13 sales totaling near $7.3 million, the strongest result since 2011. The value of commercial properties sold was up almost 300% in 2015 and […]
Statisticians have a saying which illustrates how averages can sometimes obscure what’s really going on: “head in the oven, feet in the fridge, but on average, the temperature is OK.” This is a pretty good […]
The average price of homes sold in the County in 2015 increased 12% over the year before. This would appear to be bad news for buyers, but it would be misleading to conclude that properties […]
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