A Year in Review: The 2016 Long Point Real Estate Market

While the number of sales reported on the local Multiple Listing Service (MLS®) was down slightly in 2016 in comparison to the year prior, the reason wasn’t a result of a softening market.  A lack of listings leading to competing offers was the real estate story of 2016 causing a seller’s market where demand exceeded supply. 

6th-anniversary-logoIn 2016, twenty three cottage sales were reported on the local MLS® as compared to twenty five in 2015.  Even with a shortage of properties available for sale to keep pace with demand, the number of sales last year was greater than all other years since 2011 when Erie’s Edge Real Estate Ltd. opened for business 

In 2016, Erie’s Edge Real Estate Ltd.’s Long Point listings sold 3.8 times faster than the average of all other real estate brokerages AND for 98% of the asking price (5% higher than all other brokerages).

You can contact us at our office at 519.586.7922 or stop in to visit us at 1019 Bay Street, Port Rowan.  All of our contact information is also available on our website at www.LongPointBeach.com

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