Oakville-Milton Real Estate News from Wendy Simpson May 2018   
  Real Estate News

Wendy Simpson
Sales Representative, B.A., M.A.

Real Estate Services Ltd, Brokerage
231 Oak Park Blvd.
Oakville, Ontario
905.257.3633 or 1.888.999.3084

When you put your home on the market, it's important to take care of certain details to ensure buyers don't head out the door in disgust. This month's article offers six buyer turnoffs that you need to be aware of.

There are also some great ideas on how to save money at the pump as well as a few tips on how to seasonally transform your home with a fresh spring theme.

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!


In this issue...
The Oakville/Milton Real Estate Market Update 
Home sales down from same time last year.

According to figures released by The Oakville, Milton and District Real Estate Board (OMDREB), the number of all property sales fell in April compared to the same period in 2017. Monthly property sales totaled 697 compared to 957 in April 2017.

The number of new property listings is lower than it was in March 2017, 1,494 new listings in April 2017 compared to 1,309 in 2018.

What the statistics are telling us is that the real estate market in Oakville and Milton is in the tail end of a market correction that is favorable to Buyers, said Rick Kedzior OMDREB President. The current market allows Buyers the opportunity to include home inspection and financing clauses in an Agreement of Purchase and Sale.

These are two critical conditions that were consistently left out in the 2017 market frenzy, states Kedzior. We certainly have less Buyer remorse than in 2017 and can expect fewer properties fail to close as a result. Due to the Winter that would not go away, our Spring market is taking a bit longer to develop. As the trees begin to bud so will the market improve. Oakville and Milton is a beautiful place to live and work and remains a housing destination that should not be overlooked.

The dollar volume of all property sales processed through the OMDREB MLS® system saw a decrease of 44.28 percent in April 2018 to $472,903,095 from $848,711,688 in April 2017.

Oakville’s median residential sale price for the month of April was $996,750, a decrease of -16.94 per cent compared to April 2017 at $1,210,000. The median sale price in Milton was $668,000, a decrease of -12.11 per cent from $760,000 compared to the same time in 2017.

Beware of Buyer Turn-offs 
Address these common turn-offs so buyers don’t run for the door!

When you put your home on the market, it must appeal to a large cross-section of buyers in order to generate a frenzy of activity.

Buying a home is such an emotional decision that even a seemingly small issue can create a bad impression. Here are six of the top turn-offs you need to know:

  1. Get Out - Make yourself scarce during showings as nothing turns buyers off more than a stalking seller.

  2. Fido & Fluffy - Pets and their associated smells will put many buyers off so relocate them before showings and hide their bed, bones, toys, etc.

  3. Killer Clutter - Buyers want to imagine themselves living in your home but most can’t look past other people's clutter, even if it’s tucked away in closets and cupboards.

  4. Problems Down Below - If your basement’s unfinished, you’ll want to show that it has potential so investigate any signs of moisture and paint the floor white to make it feel more spacious.

  5. Grubby Grout - It's imperative that your entire home remains thoroughly cleaned right down to the inside of your microwave. Neglected personal spaces like bathrooms will have them running for the door!

  6. Forgo the Fish Fry - It's best not to cook fish, bacon or other strong smelling foods while your home's on the market. Always air out your home by opening the windows instead of using artificial scents as some people are allergic.

When you sell your home, your goal is to get the highest price in the shortest amount of time. Sometimes the best way to do that is by focusing on the small stuff. It's definitely worth the effort and the good news is that depersonalizing, decluttering and thoroughly cleaning your home doesn't cost a fortune.

Tips On How to Guzzle Less Gas 
Modifying your driving habits can save you loads at the pump!

Maximizing your vehicle's fuel efficiency will not only save you money but you'll also be doing your bit for the environment! Here are a few tips that'll pay off at the pump:

  1. Turn it Off - Don't idle as it unnecessarily wastes fuel.

  2. Take it In - Regular tune-ups will increase your car's efficiency.

  3. Check & Inflate - Keep your tires inflated to the proper pressure.

  4. Slow Down - Speeding increases fuel consumption by as much as 50%!

  5. Don't Brake Down - Don't constantly jam on your brakes and then rapidly accelerate.

  6. There's an App for That! - Download an app that tracks the cheapest local gas prices.

  7. Lighten Up - Remove unnecessary items from your vehicle as extra weight reduces fuel efficiency.

The best way to save on gas is to keep your car in the driveway, so next time you climb behind the wheel, ask yourself if you can walk there instead. Just a few small changes to your driving habits such as combining errands or carpooling to work will save you a small fortune over time.

Spring Your Home Decor into Action 
Transform and refresh your home now that spring is here!

Spring is a time of renewal so why not bring the season's vitality into your home by making some simple decorating changes. Here are a few ideas that'll help you create a fresh spring feel:

  • Swap out heavy curtains for blinds or sheers.

  • Bring nature inside with a few plants or some fresh cut flowers.

  • Switch your cushion covers to spring shades such as yellows and purples.

Celebrate spring's arrival by bringing a breath of fresh air into your home. Just a few simple changes and a good spring clean can reflect the season’s sunny, fresh energy!

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.