Trish & Cheryl Niagara Real Estate Agents Niagara on the Lake Realty

Office 905-262-6996 | EMAIL info@homesnotl.ca |

 

What is your home worth? A wide range of factors go into that question…

 

What is fair market value? Fair market value is the price a home will sell for, if put on the market for a reasonable amount of time. Buyers, sellers, and financers must all agree that the home is worth this selling price. The fair market value is also used by the tax assessor to calculate property taxes and by insurance agencies to set premiums.  There is no simple calculation in determining what a home is worth but there are factors you can use to arrive at an educated guess.

 

Here are several factors that play into determining home value:

 

 

LOCATION: What is the neighbourhood like, school districts, traffic, is there any new development going to be happening, any properties going to be rezoned?

 

FEATURES: Upgrades in a home add value but if you are putting on granite to a home that is in a not soo good area you maybe throwing good money after bad!  Upscale finishes and fixtures — high-quality wood floors, stone countertops, premium appliance brands —It’s still about location, location, location.

 

SIZE AND LAYOUT: Homes that are all similar in terms of size may vary by square footage price. In general, buyers place a premium on open-concept layouts, which tend to make a place feel bigger, as do high ceilings. In terms of pure square footage, giant is not always better. Buyers nearing retirement are less likely to want a gargantuan place or a second story — so an area’s demographics play an important role in a home’s worth in its particular location.

 

CONDITION AND AGE: Like people, some houses age better than others — due in no small part to how well they’re maintained. The older the home, the more important that it clearly show signs of proper, ongoing care. If the homeowner has kept records of services and repairs, all the better. A poorly kept house may be cheap to buy but expensive to own — and even difficult to insure.

 

CHARM: Again, like people, some houses are just easy to like. But bargain hunters should note that charm can be easy to fix. A well-built and maintained house with a cluttered interior, off-putting décor or an ugly front door can be a buyer’s best friend. It pays to look past the surface to a structure’s true value.

 

Professionals Are the Best

 

Both professional real estate appraisers and real estate agents can provide reliable estimates of fair market value. Note that appraisers charge for this service, but real estate agents don’t.

Real estate agents and appraisers who are familiar with the areas where you are buying or selling know more about properties in the area.

 

Note that even when these professionals give their opinions of value, there are no guarantees. Unforeseen factors can affect the ultimate selling price, such as when a neighbor suddenly decides to put three cars up on blocks in his front yard or a neighboring property falls into foreclosure.

 

#realestateinniagara #buyingandselling

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November 8th, 2017 Niagara- The Niagara Association of REALTORS reported 577 property sales processed through the Multiple Listing Service (MLS) system in OCTOBER.  This represents a 23.17% decrease in sales over OCTOBER of last year.

 

 

 

The residential average sale price of $387,001 was 9.97% per cent higher than last OCTOBER. The average days on market INCREASED from 34 to 39 days on market in the residential freehold market, and from 51 to 46 in the condominium market. These figures are taken from the following areas; Fort Erie, Fonthill/Pelham, Lincoln, Niagara Falls, Niagara-on-the-Lake, Port Colbourne/Wainfleet, St. Catharines, Thorold and Welland.  Please contact us if you would like more specifics from these regions.

 

Market Activity for Niagara-on-the-Lake

 

Niagara-on-the-Lake homes listed and sold

 

# of sales in OCTOBER 2016 - 37

 

# of sales in OCTOBER 2017 - 26

 

Average sale price 2016 - $748,783

 

Average sale price 2017 - $881,417

 

Average days on market 2016 - 71

 

Average days on market 2017 - 43

 

 

***The most popular (trendy) streets to live on in Niagara-on-the-Lake are Bay Berry, James Drive, Lucia Court, Harmony and Gage Street.


*Please contact Trish & Cheryl Niagara-on-the-Lake Realty

Sales Representatives, for more information for current

homes for sale in Niagara-on-the-Lake!

 

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I have listed a new property at 971 LINE 1 Road in Niagara-on-the-Lake.
A welcoming space for family and friends, this custom 1 acre estate home, built for the owners in 2006, has it all. Comprising a 3550 sq ft 3+1 bed bungalow, a detached two story 2 bed guest house, a large workshop/shed and a lazy L shaped in-ground swimming pool (approx. 44×20) with spill-over spa, gazebo and pool house. The main house is equipped with in-floor hydronic heating for maximum comfort, central a/c with attic located air handler, an on demand tankless hot water system (domestic and heating) and a monitored alarm system. As you enter the home, there are 2 large beds, full bath and extensive closets to the right and the Master suite to the left, comprising bedroom, walk-in closet and luxurious master bath with convenient access to the huge sunroom which features a 9 person hot tub. The chefs kitchen features commercial grade appliances. A barrel vaulted 146" ceiling, custom cabinets from John Bambridge, granite counters, large windows and custom built island/dining area, also opening into the formal dining room. Off the kitchen is a pantry and laundry/mud room, leading to double garage. The 500 sq ft Great room has extensive windows overlooking the pool & yard. Finished basement with full bar and wine cellar must be seen! Detached 1500 sqft 2 storey guest cottage features games room, living room and bathroom on the main floor,washroom, 2 beds and kitchen/dining space upstairs. Totally self contained with its own furnace, central air and water heater system. (id:2493)
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I have listed a new property at 6285 Pinestone Road in Niagara Falls.
Freehold Bungalow with loft and walkout basement. This end unit is in the award winning Neighbourhood's of St. David's subdivision. Open concept with vaulted ceiling in the great room and dining room. Hardwood floors, gas fireplace and unfinished walkout basement. Brand new Roof - September 2017. (id:2493)
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I have listed a new property at 16 PARKHILL Road in St. Catharines.
Attractive brick 3 bedroom bungalow in an elevated position on desirable Parkhill Road. Featuring a spacious living room to the front of the house and a great family kitchen and dining area, this home has a lot to offer. The basement has two further bedrooms and a recreation room along with several storage rooms and laundry room. The roof is in good shape the private back yard backs onto woodland. A new fence is being erected and there is lots of parking for four vehicles. This home is within walking distance of the Pen Centre, grocery stores, LCBO, various restaurants and good schools. More photos to be added soon. ** Please note, property boundary adjustment has been approved. Lot is now approx. 65 feet wide, not 70 feet ** (id:2493)
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October 12th, 2017 Niagara- The Niagara Association of REALTORS reported 547 property sales processed through the Multiple Listing Service (MLS) system in SEPTEMBER.  This represents a 35.95% decrease in sales over SEPTEMBER of last year.

 

 

The residential average sale price of $405,480 was 12.42% per cent higher than last SEPTEMBER. The average days on market DECREASED from 47 to 42 days on market in the residential freehold market, and from 73 to 28 in the condominium market. These figures are taken from the following areas; Fort Erie, Fonthill/Pelham, Lincoln, Niagara Falls, Niagara-on-the-Lake, Port Colbourne/Wainfleet, St. Catharines, Thorold and Welland.  Please contact us if you would like more specifics from these regions.

 

Market Activity for Niagara-on-the-Lake

 

Niagara-on-the-Lake homes listed and sold

 

# of sales in SEPTEMBER 2016 - 41

 

# of sales in SEPTEMBER 2017 - 54

 

Average sale price 2016 - $801,457

 

Average sale price 2017 - $1, 257,000

 

Average days on market 2016 - 88

 

Average days on market 2017 - 52

 

 

***The most popular (trendy) streets to live on in Niagara-on-the-Lake are Bay Berry, James Drive, Lucia Court, Harmony and Gage Street.


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Zooming to Retirement

 

The Retirement years are in sight! You are almost there, the kids are slowly moving out, you are thinking about how you wish to spend the next stage of your life. You are more focused on activities for you, whether that be a hobby, traveling or volunteer activities.  Your needs start to change, whether that is the size of house, location where you wish to live and your needs /concerns about your financial future. One of those decisions is do you sell your family home and if so where do you wish to live.  Although full retirement might still be several years off, moving to a more suitable and affordable residence today may be the best move for the long term. Here are some factors to consider when evaluating your future lifestyle and residence.

 

Your Budget

When deciding the pros and cons of staying in your present home, there are many issues to consider, one is the cost of the home. Long-term budget planning should take into account not only standard day-to-day expenses, but also the cost of home improvements/renovations, repairs or replacement of aging appliances or home heating/cooling systems.  In addition, there are practical considerations such as the style of home and the possible physical or financial burden of property management in later years.

 

As you approach retirement you may prefer to free up some of the equity that has built up over the years in your present house. Many people use this equity to supplement their retirement savings, help their children with education costs or to purchase another home. Whatever the reason, it’s important to seek solid real estate and financial advice before making a decision.

 

Things to Consider before Choosing a New Residence for Retirement


Location of a new residence should encompass all you imagine for your future retirement lifestyle. You will finally have the time to participate in all the activities you’ve never managed to squeeze in before; therefore, it is important to take into account proximity to family, friends and the facilities that house your favourite recreational or social activities. This may include golf courses, church, recreational facilities, social clubs or the local theatre.

 

The other thing you need to consider if you are moving is access to medical support.  Many locations across Canada have a lack of Doctors and waiting lists for a family physician. 

 

 You also need to consider what you need inside your new residence, you may desire an additional bedroom for visits from grandchildren or an easy-access bathroom with improved shower, bath and toilet for greater comfort in the future. In addition, wide, shallow steps and an easy front walk-up will be important inclusions for less limber bodies. Sufficient outdoor lighting is a necessity for home security and personal safety. Although you may be moving to a smaller residence overall, your personal space will likely be greater due to innovative designs created with the retirement lifestyle in mind, perhaps in the form of a dressing room, art studio or office.

 

Before making a decision to move out of town to a vacation home or any type of residence, imagine yourself living day-to-day further away from family and friends and try to explore potential ramifications of the increased distance. You may consider building a guestroom so that you can entertain friends and family on a regular basis, while still enjoying your quiet, country retreat.

Whether you choose to stay in the family home, build, move to a recreational property or condominium, consider the activities you currently enjoy and reflect on your evolving interests and the new priorities of your future.

 

 

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I have listed a new property at 9 The Promenade Centre in Niagara-on-the-Lake.
Great location and an updated 1350 Sq Ft Bungalow Old Town Niagara on the Lake! This desirable address in a quiet neighbourhood is a comfortable walk to The Commons and into the centre of town. Situated on a coveted lot with no rear neighbours, backing onto a conservation nature trail offers wonderful privacy. New Kitchen (granite countertop), hardwood flooring on the main level and newly professionally painted. The basement is fully finished with large family room and bedroom & Bathroom. The windows in the recreation room are large, giving the room wonderful light. Main floor living, 2 bedrooms, 2 bathrooms and the laundry. The Dining room has patio doors leading to the spacious deck and fenced rear garden (professionally landscaped 2016).
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I have listed a new property at 36 the promenade Street in Niagara-on-the-Lake.
TOTALLY UPGRADED 3000 SQFT, 4+1BR, 5 BATH, 2 STOREY HOME SITUATED IN A HIGHLY SOUGHT AFTER & UPSCALE NEIGHBOURHOOD, CLOSE TO DOWNTOWN! BALANCED BY ITS CHARACTERISTIC CHARM & RICH ELEGANCE, IMPRESS ALL YOUR GUESTS WITH ITS GRAND ENTRANCE, FORMAL PRIVATE DINING ROOM & FORMAL LIVING ROOM WITH FIREPLACE. KITCHEN IS UPGRADED & SPACIOUS OPEN TO A LARGE AND ENVITING FAMILY ROOM, KITCHEN BOASTS GRANITE TOPS, UPGRADED CUSTOM APPLIANCES, &PLENTY OF CABINETRY SPACE. PERFECT FOR THE KITCHEN PARTY WITH THE SUN FILLED GREAT ROOM/FAMILY ROOM,COMPLEMENTED BY LARGE WINDOWS, GLEAMING HDWD FLOORS & WALKOUT TO PRIVATE COURTYARD. AT NIGHT TIME, RETIRE TO THE MN FLR MASTER BEDROOM WITH ITS OWN PRIVATE ENSUITE & WALKOUT TO PRIVATE COURTYARD PATIO. THE UPSTAIRS FEATURES 3 BEDS & 3 BATHS, INCLUDING A PRIVATE SUITE W/GAS FIREPLACE, UPDATED BATHROOM & SEPARATE ENTRANCE! OTHER FEATURES A MUD/LAUNDRY ROOM OFF GARAGE, EXPENSIVE LIGHTS (SCHONBEK), BSMT W/FIN LRG REC RM & BRM C/A, C/V & MORE
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I have listed a new property at 1 BLACKBIRD Street in Niagara-on-the-Lake.
Niagara on the Lake, "the Village" at its best! This Open concept Kitchen/Great Room offers wonderful space to entertain your friends with lots of natural light. This end unit has 25 windows in it. The Flooring is Black Walnut hardwood on both the Main level and the 2nd floor. The Master suite is a just that! A master suite, perfect retreat. There are 2 additional bedrooms upstairs and another in the basement. The fully finished basement with oversized windows is comfy place to relax in. The back yard was professionally landscaped last year with stone patio for carefree gardening. Do not miss your opportunity. Other updates over the past year includes freshly painted, replace interior and exterior lighting, new gas range, installed garage door opener (1 side)
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Please visit Trish & Cheryl's Open House at 57 The Promenade . in Niagara-on-the-Lake.
Open House on Sunday, April 23, 2017 2:00 PM - 4:00 PM
Located in an established area of Old Town Niagara-on-the-Lake, this 2-storey, brick home has been well maintained and updated with entertaining in mind. The backyard is your private oasis, re landscaped last year this house is ready to move into and start your new life. The home features 3 bedrooms upstairs and 2 in the lower level (with oversized windows). The large welcoming foyer opens to the living room and the large bright south facing updated kitchen (new cabinets and granite countertops and a great island). The kitchen, family room, Sun room offers fantastic space for entertaining kitchen party! Upstairs there are 3 good size bedrooms and 3 bathrooms for those visiting friends and family. Main Floor Laundry room. The basement is partially finished with 2 rooms and a large bathroom, there is still space for storage. All Windows replaced between 2009-2013; Sunroom added in 2013; all bathrooms were redone in 2011; Kitchen (new cabinets, flooring) 2015/16 including the foyer, Driveway re asphalted in 2015,and the backyard was newly landscaped in 2016. Furnace 2009, A/C 2016. Roof was done in 2005 with 25 year shingles, historically run as a successful B&B.
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Please visit Trish & Cheryl's Open House at 57 The Promenade . in Niagara-on-the-Lake.
Open House on Sunday, April 9, 2017 2:00 PM - 4:00 PM
Located in an established area of Old Town Niagara-on-the-Lake, this 2-storey, brick home has been well maintained and updated with entertaining in mind. The backyard is your private oasis, re landscaped last year this house is ready to move into and start your new life. The home features 3 bedrooms upstairs and 2 in the lower level (with oversized windows). The large welcoming foyer opens to the living room and the large bright south facing updated kitchen (new cabinets and granite countertops and a great island). The kitchen, family room, Sun room offers fantastic space for entertaining kitchen party! Upstairs there are 3 good size bedrooms and 3 bathrooms for those visiting friends and family. Main Floor Laundry room. The basement is partially finished with 2 rooms and a large bathroom, there is still space for storage. All Windows replaced between 2009-2013; Sunroom added in 2013; all bathrooms were redone in 2011; Kitchen (new cabinets, flooring) 2015/16 including the foyer, Driveway re asphalted in 2015,and the backyard was newly landscaped in 2016. Furnace 2009, A/C 2016. Roof was done in 2005 with 25 year shingles This family home has been run as a Bed and breakfast for over 15 years and always in the top 5 on TripAdvisor. . MOVE-IN READY. More photos coming next week. Much of the furniture for the B&B will be available, list will be provided. At time of writing this - over 150 reservations already booked.
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I have listed a new property at 57 The Promenade . in Niagara-on-the-Lake.
Located on a quiet mature street, walking distance to town. Many upgrades and very well maintained, Has been run as a Bed and breakfast for over 15 years and always in the top 5 on TripAdvisor. All Windows replaced between 2009-2013; Sunroom added in 2013; all bathrooms were redone in 2011; Kitchen (new cabinets, flooring) 2015/16 including the foyer, Driveway re asphalted in 2015,and the backyard was newly landscaped in 2016. Furnace 2009, A/C 2016. Roof was done in 2005 with 25 year shingles. MOVEIN READY. More photos coming next week. Much of the furniture for the B&B will be available, list will be provided. At time of writing this - over 15o reservations already booked.
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I have listed a new property at 1 BLACKBIRD Street in Niagara-on-the-Lake.
Niagara on the Lake, "the Village" at its best! This Open concept Kitchen/Great Room offers wonderful space to entertain your friends with lots of natural light. This end unit has 25 windows in it. The Flooring is Black Walnut hardwood on both the Main level and the 2nd floor. The Master suite is a just that! A master suite, perfect retreat. There are 2 additional bedrooms upstairs and another in the basement. The fully finished basement with oversized windows is comfy place to relax in. The back yard was professionally landscaped last year with stone patio for carefree gardening. Do not miss your opportunity. Other updates over the past year includes freshly painted, replace interior and exterior lighting, new gas range, installed garage door opener (1 side)
Read Full Story

Please visit Trish & Cheryl's Open House at 1 BLACKBIRD Street in Niagara-on-the-Lake.
Open House on Saturday, March 4, 2017 2:00 PM - 4:00 PM
Niagara on the Lake, "the Village" at its best! This Open concept Kitchen/Great Room offers wonderful space to entertain your friends with lots of natural light. This end unit has 25 windows in it. The Flooring is Black Walnut hardwood on both the Main level and the 2nd floor. The Master suite is a just that! A master suite, perfect retreat. There are 2 additional bedrooms upstairs and another in the basement. The fully finished basement with oversized windows is comfy place to relax in. The back yard was professionally landscaped last year with stone patio for carefree gardening. Do not miss your opportunity. Other updates over the past year includes freshly painted, replace interior and exterior lighting, new gas range, installed garage door opener (1 side)
Read Full Story

Please visit Trish & Cheryl's Open House at 1 BLACKBIRD Street in Niagara-on-the-Lake.
Open House on Sunday, March 5, 2017 2:00 PM - 4:00 PM
Niagara on the Lake, "the Village" at its best! This Open concept Kitchen/Great Room offers wonderful space to entertain your friends with lots of natural light. This end unit has 25 windows in it. The Flooring is Black Walnut hardwood on both the Main level and the 2nd floor. The Master suite is a just that! A master suite, perfect retreat. There are 2 additional bedrooms upstairs and another in the basement. The fully finished basement with oversized windows is comfy place to relax in. The back yard was professionally landscaped last year with stone patio for carefree gardening. Do not miss your opportunity. Other updates over the past year includes freshly painted, replace interior and exterior lighting, new gas range, installed garage door opener (1 side)
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Please visit Trish & Cheryl's Open House at 6 SETTLERS Court in Niagara-on-the-Lake.
Open House on Sunday, February 26, 2017 2:00 PM - 4:00 PM
Located in Old Town Niagara on the Lake on a quiet enclave, This one and half storey brick home offers main floor living the Master bedroom on the main level and 2 bedrooms and 2 bathrooms, upstairs for visiting guests. Very private large back yard with apple trees and a wonderful large covered patio, great for entertaining. The main floor has the master bedroom with updated bathroom, front sitting room (or large office), family room with wood burning fireplace, formal dining room and a large eat in kitchen with easy access to the back patio. The basement is finished with a large recreation room, laundry room and 3 piece bathroom. please note the yard is larger than it appears by measurements. the yard in 66 feet wide and 153 feet long. Present owners are running it as a 3 bedroom B&B
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I have listed a new property at 4637 Ellis Street in Niagara Falls.
Licenced 3 bedrooms B&b, century old charm, original wood with updated features - including guests bathrooms. Large lot with wonderful porch for the guests and private backyard for owners. Roof 2009, furnance 2010, Hotwater tank, owned 2013. Located between the Downtown area and the Falls. Detached double car garage.
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January 5th, 2017 Niagara- The Niagara Association of REALTORS reported 476 property sales processed through the Multiple Listing Service (MLS) system in DECEMBER.  This represents a 19.6% increase in sales over DECEMBER of last year.

 

 

The residential average sale price of $319,223 was 13.9 per cent higher than last DECEMBER. The average days on market DECREASED from 61 to 39 days on market in the residential freehold market, and from 77 to 72 in the condominium market. These figures are taken from the following areas; Fort Erie, Fonthill/Pelham, Lincoln, Niagara Falls, Niagara-on-the-Lake, Port Colbourne/Wainfleet, St. Catharines, Thorold and Welland.  Please contact us if you would like more specifics from these regions.

 

Market Activity for Niagara-on-the-Lake

 

Niagara-on-the-Lake homes listed and sold

 

# of sales in DECEMBER 2015 - 20

 

# of sales in DECEMBER 2016 - 21

 

Average sale price 2015 - $546,200

 

Average sale price 2016 - $523,143

 

Average days on market 2015 - 115

 

Average days on market 2016 - 35

 


*Please contact Trish & Cheryl Niagara-on-the-Lake Realty

Sales Representatives, for more information for current

homes for sale in Niagara-on-the-Lake!

 

 

 

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I have listed a new property at 433 KING Street in Niagara-on-the-Lake.
BUILT IN 1800,BROCKAMOUR IS ONE ON NIAGARA'S OLDEST & FINEST HOMES. THIS CENTRALLY LOCATED(IN THE HEART OF OLD TOWN) HOME IS SET IN MATURE GARDENS & HAS BEEN LOVINGLY RESTORED & UPDATED. LICENSED AS A 6 RM B&B(COUNTRY INN). EACH GUEST RM HAS 4PC ENSUITE W/WHIRLPOOL BATH/SOAKER TUBS. COMPLETELY SEPARATE OWNERS QUARTERS. WHICH INCLUDE A LARGE SITTING AREA, 3 BEDROOMS (ALL ENSUITES) AND AN LARGE BRIGHT EAT-IN KITCHEN. TOTAL BEDROOMS 9 ALL ENSUITES, 5 ENSUITES HAVE HEATED FLOORS, 6 HAVE GAS FIREPLACES. AS CLOSE TO A TURNKEY AS POSSIBLE.
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