Spencer Holiday Real Estate Magazine

Happy Holidays DECEMBER

Can you believe it?

2021

We are almost at the end of the year! As we start to wind down to enjoy some much-needed time with our friends and family we wanted to take a moment to express our thanks and appreciation for all the support we have received throughout this past year. It’s because of amazing clients like you that we were able to kick off our inaugural year with so much amazing success.

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Heading Into the New Year There has been quite a bit of

First, rates will remain low, so if you

conversation about the future of

are concerned about affordability,

interest rates, and as much as we

the increase in the interest rates will

would like to have a crystal ball –

not be substantial enough to make a

we don’t. However, we do trust

large enough impact on buying

the experts and believe that there

power. Will the increase in interest

will be an adjustment in the Fixed

rates impact the overall cost of

Rates, but we wanted to provide a

borrowing? In short, yes, but entry

bit of clarity on what that means

into the housing market for first-

to you if you are considering

time homeowners or purchasing that

purchasing a property in the new

revenue property you have been

year.

eyeing will still be possible.

rates will remain low, so if you are concerned about affordability, the increase in the interest rates will not be substantial enough to make a large enough impact on buying power.

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Selling in the Winter Selling during these snowy months is a bit different than during the warmer seasons, but rest assured we are still seeing active, interested buyers looking for their home. If you are currently trying to you’re your home, or are considering the possibility of selling your home this winter, there are some tips we can offer to assure your house shows it’s best.

Keep your walkways clear and clean Make sure there is no overhanging icicles Keep the For Sale sign is visible Ensure holiday décor is kept to a minimum, so not to distract from your curb appeal

When having open houses or showings, make sure your thermostat is set to a warm, cozy, and inviting temperature Clear away personal items to allow for buyers to imagine themselves in the home Don’t forget to clear off your deck, as potential buyers will want to look outside

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YTD Market Stats 1552 Total Residential Sales =

37.71%

from 2020

2060 Total New Listings = $316,003 Average Sale Price =

4.93%

14.64% from 2020

from 2020

Reflecting on 2021 This year we received the esteem honour of being recognized by the Medicine Hat Chamber of Commerce as the New Business of The Year! We were humbled to be included amongst such an impressive group of nominees, but truly thrilled to be acknowledged by our community.

This year was more amazing than we ever could have imagined, and on behalf of myself and my family, we want to wish you and your family all the best in 2022!