James Hughes REALTOR®

James Hughes REALTOR®

James Hughes's blog

Market Update - Is This The Crash?

Hey Everyone, 

         So July numbers are in and there has been a shift that may have an impact in the market going forward. Sales are down 40.4% and new listings are up 5.1% year over year from July 2016.  Although these numbers appear that supply is increasing, it has actually been a sizable drop in new supply from the 2 previous months when new listings were up 15.9% year over year in June and an astounding 48.9% year over year in May. 

Best Restaurants in the Orangeville Area

          This small town packs a big punch with some outstanding places to eat! There are currently 4 restaurants in this area that have been featured on Food Network's "You Gotta Eat Here!"  and I strongly recommend trying all of them! I have been to them many times and recommend them to everyone!

Market Update and Mortgage Rate Increase

           Numbers are out for June 2017 and the trend continues. Sales have dropped 37.3% from one year ago and active listings are up 15.9% from one year ago. While that sounds sizable, it's actually quite a drop from May where new listings absolutely flooded the market, up 48.9% from May 2016 - May 2017. This shows that while we are still in a blip of a buyers market, new listings have slowed down since last month and it could be a sign that sales might start to pick up again.

A Quick and Easy Way To Save Big- LED Bulbs

 

      One quick and easy tip to save big in the long run is to upgrade your lighting situation throughout your house. The newest technology in LED lightbulbs has surpassed the old CFL (compact flourescent -twisty looking ones) by quite a bit. These LED bulbs can brighten your house significantly, while consuming less power, giving off little to no heat and can have a lifespan of over 20 years. Adding up the savings in the potential of never having to replace a bulb for the remainder of owning that home is worth it alone.

Market Update June 2017

Hey everyone, 

       I had a lot of positive feedback from the last update so just wanted to give a follow up with some stats to show what happened in May with the Toronto Market.

Escalation Clause- What are they?

The use of escalation clauses can be controversial. For this reason, RECO wants to provide registrants with greater clarity around their use.

Although there is nothing in the Real Estate and Business Brokers Act, 2002 (REBBA) or its regulations that prohibits the use of escalation clauses, representatives must act carefully and conscientiously when advising their clients and customers about the use of an escalation clause, to ensure that they are making a well informed decision before using them or managing them with a seller.

Market Update

        A lot has been happening in the market over the last couple weeks and I'm often asked what I've noticed and where I think its going so I figured I might as well put it out there for everyone to read. Now I will say right off the bat that this is strictly my opinion and my own observations and there is absolutely no way to predict what will happen in the future.

Should I Buy Or Sell First?

Should We Buy Or Sell First?

Your family is growing and you need a home that can grow with you. So, as you start thinking about your impending move, you’re left with the lingering question “should we buy first or sell first?”

Tips For That Perfect Lawn

Day 4- Watering

            Deep, infrequent watering is best for most lawns. Aim for 1 hour, once a week in an already healthy lawn. Early morning is best but at night is okay too. Avoid watering during the day as the sun will start evaporating the water before it has a chance to get deep into the soil.

Tips For That Perfect Lawn

Day 3. Prepare Your Lawn

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