Peterborough Houses for Sale
An Outlook of the Peterborough Housing Market with Point59 Realty
Peterborough’s real estate market started strong in the first months of 2020. However, the activity slowed down in mid-march due to the COVID-19 lockdown measures. Various reports suggest that the region is currently pretty active in 2021. Available housing inventory was low before the pandemic, and the conditions have aggravated due to increased demand and no-new home construction in the area.
Based on the above factors, average home prices might remain stable. On the other hand, the housing market is projected to remain strong for the next 12 months. This is especially true in the rural areas that offer larger spaces for homebuyers.
Affordable Homes for Families and Retirees
Peterborough’s housing market is hot and is expected to grow more in the coming years. In 2021, prices of new houses for sale in Peterborough went up over 22% due to its proximity to Toronto. In other words, for anyone looking to invest in Peterborough, now is the right time. This is because as the housing market rebounds further after the pandemic, prices are likely to go up even more.
The demand for waterfront properties is increasing by the day. This is especially true with the ability to work from home, giving buyers more choice concerning where they live and work.
How Point59 Realty Can Help
Point59 Realty focuses on providing market exposure and supporting sellers through the different stages of selling a home in Peterborough. Our team helps clients sell their homes fast and hassle-free. We handle all the process aspects and only charge 0.59% fees, which is an amazing deal for everyone.