That's right! With the official launch of our Muskoka Expansion, summer for the Fine Estates Team has been nothing short of amazing. We have had our Niagara clients reaching out to inquire about Cottage Country properties and have been able to help dozens of buyers and sellers help make their Cottage Country real estate dreams a reality. Niagara days on market still going up, interest rates are going up and people are not making real estate their 1st priority, except us. ***Make sure to check out the June Real Estate Stats they tell the same story I predicted in my last email and are very important to understand. What trends are we seeing with our Sellers? Since introducing the latest rate hike, economists estimate that the buyer pool has decreased by around 33%, in addition to the 30% decrease of buyers from the June interest rate hike. But how does that impact the market? Most obviously, we are now seeing buyers turn away from over priced listings, and gone are the days of buyers submitting a lower offer. Buyers are simply not booking showings on properties priced above market value. Pricing continues to require a super targeted approach. What are we seeing in regards to price/value? Not much has changed since last month's news letter. In terms of pricing, we are seeing a decrease from what sellers were getting back in January/February (the apex of the market). I think we can all agree that it was simply unsustainable to continue on with that rate of growth. What we are seeing with properties is that the value or final sales price is similar to that of 2021 numbers, which is not a bad thing. The amount of buyers has decreased, limiting competition and stopping the growth rate to a more manageable and appropriate rate of appreciation. Right now, the most crucial factor to getting your home sold is to price your home appropriately and understand that you may not get as much as your neighbor did a couple months ago. **Remember those values were not true market value, it was a drastic misrepresentation of market value due to competition.** How can The Fine Estates Team help if we are curious or have a need to sell? First, you need a team that knows how to market your home. Anyone could sell a home in the past 24 months. Now, you need experts who are known for their digital and social media market and who understand traditional marketing approaches like newspapers and email. We spend a minimum of $3,000 before we list any property. Make sure to do your research, if a realtor says they understand marketing strategies, ask for their credentials. We are #1 On Social Media, Accredited Luxury Home Marketing Specialists from the Institute of Luxury Home marketing in California, and we are the Diamond, Platinum and Gold Reader Choice winners 2020, 2021 and 2022. We can back up our claims, but it's important for sellers to investigate for themselves. What does this mean if I'm looking to buy? If you are looking to buy a home, this is the best time to purchase in the last 24 months. The competition is almost non-existent which allows buyers to choose their home more carefully, take their time and even make an offer with conditions. We have some amazing options listed below from $500k-$3,000,000 and we have sellers looking for great buyers like you! For any information on this market please feel free to call me or reply to this email. -Andrew | 
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