Posts from November 2nd, 2019
Bain Real Estate - Market Update
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November
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Bain Real Estate 2019 November Cornwall Bridge Market Report.
Bain Real Estate 2019 November Cornwall Bridge Market Report
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Dear Neighbor,
The market is healthy and vibrant, depending on how your house is priced! Yes, sales are up from 10 years ago in the midst of the Great Recession when we saw only 20 sales. There were 49 sales that have transpired in the last 12 months. The average day on market is also lower than those trying to sell in 2009. That said, the average buyer's motivation to purchase is mercurial. Why? Take your pick-the economy, millennial attitudes, or an older housing stock? It matters little. What matters is pricing your house properly to find a buyer.
In fact, in 2009 of the 20 houses that sold 14 of them had a...