Cambridge Real Estate News from Michelle Mason November 2017   
  Real Estate News

Michelle Mason
Sales Representative

Twin City Realty Inc. Brokerage
1400 Bishop Street
Cambridge, Ontario
519-650-6088 (direct)
1-877-740-3690 (toll free)

Having your home broken into is a traumatic experience that you definitely want to avoid so this month's article shares some tips on how to increase your home's security.

There are also some great feng shui ideas to help you create a harmonious home environment as well as a few tips on how to build a more close-knit community.

Thanks so much for checking out this month's newsletter.  Please get in touch if you have any questions or comments regarding the articles, or real estate in general -- it'd be great to hear from you!

Michelle Mason

In this issue...
Cambridge Real Estate Market Update 
Cambridge home sales down from same time last year.

According to statistics provided by the Cambridge Association of REALTORS®, home sales numbered 176 units in October 2017, down 25.1% from October 2016.

On a year-to-date basis, home sales totaled 2,296 units over the first ten months of the year.  This was still up 1.3% from the same period in 2016.

“Home sales quieted back down to some extent in October following a better than expected September, so while the market is up from the lows reached this summer it is still in flux,” said Jim Robinson, President of the Cambridge Association of REALTORS®.

“From a longer historical perspective, October sales were only a dozen transactions below the 10-year average for the month, so it was a fairly normal October.”

The average price for homes sold in October 2017 was $450,446, up 18.4% from October 2016.  The year-to-date average price was $458,448, rising 26.1% from the first ten months of 2016.

The dollar value of all home sales in October 2017 was $79.3 million, down 11.3% from the previous October but still the second highest October level on record.

New residential listings rose 19.3% on a year-over-year basis to 278 units in October 2017.  That said, this was still below the 10-year average for the month of October.

Overall supply is up from record lows but is still trending a very low levels.  There were 365 active residential listings on the Association’s MLS® System at the end of October, up 75.5% from extreme lows recorded in October 2016 but still below the same time in all other years.

There were just 2.1 months of inventory at the end of October, up from 0.9 months at the end of October 2016 but still way below the long-run average of about five months.  The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

Sales of all types of properties numbered 183 units in October, down 24.7% from October 2016.  This was the lowest level for the month of October since 2010.  The dollar value of all sales in October 2017 totaled $87 million, down 7.4% from levels reported in October 2016.

Smart Home Security Made Simple 
A fully secure home will provide you with peace of mind.

Whether you’re at home sleeping or away on vacation, it’s important to know that your home is secure.  A secure home is also much more attractive to potential buyers when it comes time to sell.

Smart lighting, remote locks and wireless cameras can all make your home safer; however, the issue of cyber criminals hacking into smart home systems is a valid concern so homeowners shouldn’t forget about the basics.

Eliminate potential hiding spots by trimming down bushes that are around your windows and doors.  Most thieves are opportunists who see an open door or window and decide to take a chance and see what they can make off with.

Next, install strike plates on your doors to help protect the deadbolt from crowbars or kick attacks.  Thieves want to get into your home as quickly as possible so if one forceful kick doesn't work, they’ll likely turn and run.

Windows are also popular break in points so install heavy sash or keyed locks.  Installing an eyebolt in window corners also prevents the window from being opened from the outside.  Glass block windows are an excellent choice as they look attractive, can't be opened and are extremely difficult to break.

Give the impression your home is lived in while you're away on vacation by installing a dusk-to-dawn porch light.  Although technology allows you to control blinds and lights right from your smartphone, you'll still need to find someone to rake your leaves as there isn’t an app for that yet!

When it comes to home security, paying attention to the little things can often make a huge difference so take time to "case the joint" and list all the security failures that burglars would appreciate.  Potential buyers will prefer a secure home as it's one less thing for them to worry about so you may as well do it sooner than later so that you can enjoy the benefits as well.

The Feng Shui Way 
Creating good feng shui around your home is easier than you think!

Feng shui is an ancient Chinese practice that helps achieve a harmonious living environment in order to promote happiness and prosperity.  Here are a few ideas to enhance the energy flow around your home:

  1. Think Outside the Nest - Birds bring great energy so add a few feeders and a bird bath in your backyard.

  2. The Right Path - Place a few plants and wind chimes on your porch and make sure the path to your front door is unobstructed.

  3. Fire & Ice - Essential oils, crystals, candles and water features such as fountains and fish bowls will bring calm and balance into your home.

  4. Mirror, Mirror - The strategic placement of mirrors helps improve feng shui by drawing more sunlight into otherwise murky rooms and by expanding narrow areas such as hallways.

  5. De-clutter - Clearing your home of clutter will introduce a smoother flow of energy.  Clutter is a sign of trapped energy so be ruthless and get rid of everything you don’t need.

Feng shui emphasizes that our physical surroundings have an impact on our emotional well-being so it’s important to be aware of how we arrange our space.  Buyers often feel certain vibes when they enter a home so a "harmonious feel" could be the difference between a quick sale and one that drags on.

Building a Better Community 
Getting to know the people living around you offers plenty of benefits!

Research shows that there are many physical and mental health benefits to enjoying a sense of belonging.  Here are a few ideas to help you build community spirit:

  1. Rags to Riches - Organize a garage sale or clothing swap in your ‘hood.  It’s also a great way to get rid of clutter!

  2. Clean Green - Coordinate a park clean-up and then enjoy drinks and snacks that will hopefully be donated by a local business.

  3. Book Smart - Build a “Little Library” at your local park or on your front lawn and enjoy watching people gather to exchange books.

Getting to know people who live close by will really improve your quality of life and foster a sense of belonging.  Social media can also help build a safe, connected, friendly place to live by providing a platform to share events and ideas.

PS Are you sick of scouring the paper and MLS sites looking for homes? Tired of playing telephone tag with agents only to hear the home's already sold? Sit back, relax and let me do the work for you! Just visit my website and check off the features you're looking for. Whenever a home matching your criteria hits the market, it'll be automatically flagged and emailed to you so you'll never have to worry about missing your dream home. This service is free and there's no obligation! Click here to get started.

Not meant to solicit clients already under contract.