STUCK DOWN THE RABBIT HOLE?

As we approach the 2^nd quarter of 2023 there are many questions about the state of the economy, world politics and events, interest rates, home values, rent values, inflation, cost of goods, cost of food…the list of stresses are endless.

Perhaps you have been more distracted by ever-changing technology, the daily dramas of professional sports, your weight, mental health or general fitness?  The term being thrown around more and more is the rabbit hole.  Don’t let yourself get sucked into the never-ending rabbit hole of tik tok, Facebook, Instagram, google, etc. It can get pretty ugly and be a real time waster!

The Fact is, it can feel difficult to control what is happening in the world. Things like putting down the devices more and engaging with the real world by being active or reaching out to a loved one. We encourage you to focus on the important things that you can control with confidence so that the remainder of 2023 is going to be an exciting, fulfilling and successful year!

At Impact Realty Group we have done just this. We have focused on the things we can control – the very things that have led to our success over many years in the Real Estate Business. We have aligned ourselves with leaders in the industry in Guelph, Kitchener/Waterloo and beyond and now have colleagues and referral partners literally worldwide, to help assist our clients in realizing their real estate dreams and goals.

We continue to embrace learning opportunities at Keller Williams alongside other Top Producing Realtors, learning the systems and models that are proven to provide the absolute best in service to those that matter most…our Buyers and Sellers.  Our focus has been on technology where we have now adapted the most advanced CRM in the industry, keeping us connected to our database and providing value, content and opportunities to those that work with us.

Our cutting-edge marketing continues to lead the change and develop with trends in the industry to make certain that we are leading rather than reacting to the market…again focusing on marketing techniques and strategies that provide the absolute best results for our Buyers and Sellers. We have made these recent changes in our business in order to provide success in the post pandemic market. In our opinion, to react to the market or do nothing at all was not an option. We see the change in the industry and our local market and feel it very important to be a lead in change to ensure all of our success!

The spring market is just around the corner and we know you have questions about what that might mean for you if you are looking to buy or sell a home. Looking at some important metrics in our local market, we can get a better idea of where we are headed for the second quarter: 

• Interest rates are nearing the top of their expected levels. Plenty of speculation and industry information provide indication that rates should hover around historical norms (4-5.5%) in the near future and although more expensive than the past 3-5 years, these are rates that we must budget for moving forward.  With more consumer confidence in rate stability, we do expect more Buyers to enter the market.

If you are a Buyer thinking about making a move, now is the time to arrange a Buyer consultation and create a plan that will ensure you are prepared for success in your purchase. We are starting to see more competition on offers again, so be sure not to delay too long as we don’t want you to miss out!    

• Inventory levels are very low at the moment. Currently in Centre Wellington we are sitting between 60-70 active home listings for sale while in non-Covid times we would see an average of near double that. We have been seeing more Buyers out at open houses and more people asking for showings, so be sure not to miss out by waiting too long to list.

If you are considering Selling, the “spring market premium” may actually be earlier than expected based on supply and demand only.

• Location. We continue to be a community that people want to live in, raise their families in or retire to. We are wealthy in beautiful, natural attributes, local clubs, minor sports and adult sports leagues, arts, festivals, great community events, restaurants and more. We are a hugely popular community for people coming from Kitchener/Waterloo, Guelph, the GTA and beyond…also looking for an amazing place to live with a wonderful community!   

From these key factors we can be confident that our local market will continue to provide amazing opportunities for Buyers and Sellers alike. The key is to be prepared.  If you or someone you know may be considering making a move, please reach out. Your friends at Impact Realty Group are happy to help.         

At Impact Realty Group, there are some things that do remain unchanged.                

Paul has been a Realtor for over 30 years now as a top producing Broker serving generations of repeat clients and referrals. Paul continues to provide a reliable, honest, diligent service to clients that trust him as their Realtor for life.

Malcolm just recently earned his 25-year pin as a Realtor. He spends most of his time outside of work at the arena, coaching Zach or Zabian’s hockey teams or supporting from the stands in lacrosse season. Having built a significant investment portfolio himself, he is a great resource for investors or families looking to make a move within the community.  

Melissa has worked together with Malcolm and Paul for over 15 years as a top producing Realtor with endless local connections in the community. Coming to Elora as a child, Melissa raised her family here and continues to support many community groups and functions. Her passion for local real estate is evident in the many repeat clients that have made Melissa their life long Realtor.

Alex is also a life long resident of CW. Alex, his wife and two children are an active young family in the community which makes working with local families and families new to the area a natural fit. Also growing his own investment portfolio, Alex is a great resource for anyone interested in the investment sector.

Dianne has called Woolwich and CW her home since childhood and the many years of business, sport, coaching and involvement in community functions has given Dianne many local connections and forms the base of her Real Estate Business. Dianne is a senior specialist and has had a great connection with clients transitioning to senior living. Similarly, Dianne has grown a connection to Buyers new to the area and shares the same excitement with them about our community as an amazing place to call home!

Cleary… the commitment to our community and dedication to your real estate needs will result in success well beyond 2023. We encourage you to reach out regarding anything Real Estate…we’d love to help.

Don’t get stuck going down a Real Estate Rabbit hole. With such great local resources, we are just an email or call away.