The Niagara real estate market continutes to be strong for sellers. Just-released July and August market numbers show that the average sale price in every city increased noticeably over 2016, which was itself a seller's market. You can see more on the Sally McGarr Market Report below.
Houses for sale in St. Catharines, Thorold and Lincoln particularly saw an increase in average price. Even though the busy summer selling season is coming to a close, homeowners thinking about selling to take advantage of the increased value in their home should be confident about selling this fall.
Here is what you need to know about selling this fall in Niagara.
Less Niagara Homes On The Market
Typically, fall sees less homes for sales in Niagara than in the spring or summer. While the Niagara market has been anything other than "typical" recently, what we are seeing tells us this seasonal trend will continue. That is good news for sellers. Less homes for sale increases demand and allows for owners to be more particular about purchase offers. And we don't just mean with regards to price. An improved seller's market increases the value of your home, but also gives you more leverage on conditions such as closing dates and home inspections.
Fall Curb Appeal
Ensure your house is ready to make an amazing first impression by adding curb appeal and being aware of potential seasonal exterior issues. For example, raking fallen leaves is a great first step, but it may also be worthwhile to go one step further and declutter your gutters. While those coming to your house for a viewing may not hop on a ladder, they may be turned off by an overflowing or overburdened gutter. Try to view your house's curb appeal objectively and make necessary adjustments to start turning viewings into offers quicker.
Fall House Selling Tip: Stage Seasonally
Staging is a great way to set your house apart from other homes on the market and add value in the buyer's eyes by showing them ideal ways to lay out and decorate the home. Consider fall decorations and colours to accent your staging. One note of caution though: do not overdo it. You want the potential buyer to be able to picture themselves in the home, not have an overwhelming sensory experience.
If you're looking for a professional stager to work with, and we recommend you do, we are always happy to help our clients with recommendations and special offers.
If you're thinking of selling your home in the lucrative fall season, the sooner you make that decision the better. It will allow you to get the preparation out of the way while the weather is still nice and beat other homes to market. The Schwenker Homes Team has years of fall selling experience. Contact us with any questions you may have about listing your home for sale.
You can also get started with our complimentary, no obligation home valuation.