Cambridge Residential Stats for February 2018
The title to be awarded to February 2018 sales should be, 'Waiting to Exhale." The is due impact to the declinging listings to sales ratio just ahead of the traditional peak spring market.

​There were 215 listings processed this February (Freeholds and Condos). Of that number, only 124 were sold. This represents justs over half of the listings or more previsely, 57%. Compare this February's sale to that of 2017 and we are down 32.97%. The number of listings processed in February 2017 were very similar at 212 with 185 sold.

​However, in a shorter time span, there were 11 more sales in February than January 2018. This is an increase of 9.7%. The average price for both segments (Freehold and Condos combine) has shown a moderate 1.2% upswing from one month to the next ($451,259 Jan & $456,460 Feb 18).

​Pull apart the Semi's and Freehold towns from the equation and you find Single Detached home value remains consistent at approx. $515,777, a meagre 0.3% down from the same month a year ago. However, that average price rose 5.% from it's January 2018 average of $487,274

​Although this is early in the year, this moderatge 1.2% overall month increase if hold steady could result in 12.24% at year-end. A more tolerable increase from last year and an excellent indication of appreciation compared to the average yearly 4-5% we saw over the past 15 years prior to 2017.

Cambridge Residential Sales Roboust in December 

There were 102 single family residential units sold through the Cambridge MLS® housing market in December 2017 - this represents a 7.4% increase in levels reported in the same month a year earlier. Of the 102 residential units sold, there were 81 single family freehold detached residential units which represents a 9.5% increase in levels reported a year earlier.

The average MLS® single family freehold residential unit price was $468,612 in December which represents an increase of 11.5% over the same month a year earlier. The average MLS® single family detached residential unit price was $491,995 which represents an increase of 9.2% from a year ago.

The dollar volume of all single family freehold sales in December 2017 was $47,329,774 which represents an increase of 18.5% from a year earlier.

Disclaimer: Effective March 1, 2017 the statistics for the Cambridge Association of REALTORS® represents only single-family freehold & single- family freehold detached properties sold in the City of Cambridge and the Township of North Dumfries and does not include condominium sales.

How a Home Inspection Helps You

Whether you're considering buying a particular home, selling your current property – or both – a home inspection can help.
A home inspection is an inspection by a qualified professional who takes a close look at every aspect of a home – structure, wiring, plumbing, and more – and identifies issues you may not have noticed yourself. For example, a home inspection can reveal that a furnace will need to be replaced soon, or that there is a water leak into the basement that needs to be fixed.

You'll definitely want to get a professional home inspection before you buy a particular property. That's why most offers to purchase a home are conditional upon passing a home inspection. (The last thing you want is to buy your dream home only to discover that the wiring needs to be updated!)

You may also want to get a home inspection on your own home before you list it for sale. A certificate from a qualified professional that states that your home passed inspection will make your property more attractive to buyers. Many reputable home inspectors are members of a professional industry association.
In Canada:
• Canada Association of Home & Property Inspectors.
• Professional Home and Property Inspectors of Canada.
• National Home Inspectors Certification Council.
It's important to note that certification or licensing is not a requirement in many jurisdictions. So select a home inspector carefully. Need to find a reputable home inspector? Call today.

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