"The Brokerage ofKen Little, Broker of RecordBarry Jackson, Sales RepresentativeCell 705-801-6208www.muskokarealestateservices.com Marg McLaughlin, Broker SPES705-706-7111Muskoka 705-687-7777810 Bay Street, GravenhurstBy the Segwun_REAL ESTATE SERVICES INCWhere are the Sellers? Is the Market dead?No Buyers! No Sellers! What is going on? Toronto's runaway real estate market' has recently dried up. August salesyear over year are down 30%. The stallion's unbridled enthusiasm to buy, buy, buy, in March, April, May and earlyJune has seen the horse's harness firmly secured in July and August. This zealous activity affected the marketsoutside of the heated Metro area by providing the sellers with enough cash to buy homes in the outlying towns likeGravenhurst, Bracebridge, Midland, Peterborough, Bancroft and Orillia. The Metro sellers were purchasing housesoften as nice or nicer than the homes they were selling and still pocketing enough cash to give them a cushionunder their mattress. Lucky them! But how did that affect the small towns? Well, it lifted the price of those marketsbetween 10 and 25% as these, mostly retired couples, drove markets up in their communities of choice, with prtheir new found wealth made affordable for them. However, the comfort level of young families in those towns tryingto save to buy their first home was stretched at the prices moved higher. Home owners in those communities whoere hoping to upgrade also put their brakes on. With reports by the Province of renewed efforts to curb rising pricerecent statistics on lower numbers of units sold, higher prices and advancing higher interest rates it did not seemlike the right time for buyers to jumpBut wait a minute...let's look again. Right now we in the business have few listings, our company as an example hassold almost everything we had. Buyers have little to choose from and this is an ideal time to maximize your sale priceThe interest rate increase of one quarter of 1% is less than $13 month for every $100,000.00 of your mortgageso the cost of buying has not increase enough to hinder most buyers. Our prices have dipped a little but not muchand we expect those prices to hold.. Our memo to you is.. ...call us if you intent to sell. Only by listing will there bea market for you and others!MUSKOKA WHARFFOR SALE OR LEASEKAHSHE LAKE IMMACULATECUSTOM COTTAGECOUNTRY HOMEFOR LEASEITOPEN HOUSESAT., SEPT. 16T. 10:00-NOONLEGreat location at Muskoka Wharf, onis lrge country home has that great cuntry This cottage has a 2 year old roof and it Located on a main street, ineelLocated just minutes from Graventurst with iseasy Access to Hwy 11 and Bracebridge. There to do!"" buyer. Facing the sunset, this an area of high traffic, possibleperfect for the 'I don't want anythingthe boardwalk across from the waterwith 1440 sq. ft., 2 washrooms, kitchen are lots of bedrooms, plenty of bathrooms andfacilities could be reinstalled, lots of comes with an attached double car garage. It has three bedroom cottage with cathedral reception and office spacerking, busy location in the summemany recent improvements. New Roof with 45 yr ceilings, wood burning fireplace,shingles, new flooring and painting throughout Muskoka room, and ceiling to floorCall for informationThe unit has lots of possibilities. Call new garden doors to deck off the Kitchen, new windows looks out over the bestfishing area on the lake. Washer, dryerMarg McLaughlin at 705-706-7 oMuskoka Real Estate Services Inc. atwater tank, new deck at the side, kitchen cabinetsrefinished and other improvements. Flooring isthe second floor family room and nd all other appliances and beautifulroom to furnishings are included! Located on705-687-7777 REDUCED to $319,000. large master bedroom. There is definitely room toenjoy many tamily functions Listed at $359,000. Boyd Island only 6 minutes from theContact Marg at 705-706-7111marina!"
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