The Real Estate Book Greater Sudbury, Muskoka, Barrie & Simcoe County #30-07

THE AVERAGE REAL ESTATE AGENT WILL DIE IN 2023.

NOT PHYSICALLY, OF COURSE. However, the amount of transactions per agent has dropped significantly in the past year. This happened for two main reasons:

1. Substantially lower home sales

2. A significant increase in competing real estate agents

Interest rates are affecting buyers and sellers. But could they be affecting the average real estate agent more?

In Sudbury, we went from just over 360 agents to 450 agents. This is nearly a 25% increase. Despite the rising number of real estate professionals, the Sudbury market is generating 30% fewer transactions compared to last year (2021).

My brokerage, Lake City Realty LTD., projects that the average amount of sales per agent next year will be 7 transactions. To put that number into perspective, let’s take a closer look at the current market. We anticipate that the average house price in Sudbury will be ~400k in 2023. 2.5% (this represents the average commission percentage that agents receive in transactions) of that is $10,000. Most agents are obligated to pay brokerage fees and commission splits. For this representation, we’ll cautiously assume that an agent pays out $2,500 per transaction, thus netting $7,500. This means that the “average agent” in this scenario will be making $52,500. This figure doesn’t include the costs associated with the agent’s transportation expenses, marketing materials for listing/lead generation, business + personal taxes, or personal expenses. When I say average it means most of the agents will be making less (Some say 20% of realtors do 80% of the business).

This breakdown may seem bleak, but it’s merely to place emphasis on the fact that agents must be working harder than ever before. You can not be a part time agent and do the very best for your clients. Real estate professionals need to be actively analyzing the market and broadening their knowledge. Placing oneself in an environment with like-minded individuals is a huge step toward success in a changing market.

As a buyer or seller, you need to work with an agent who is tenacious, knowledgeable, and surrounded by a similar team of professionals. The agents that offer the most value will still continue to succeed in this market. It has been far too “easy” to sell homes over the past 2 years.

You might be wondering, “What are the positives in this situation?” Simple. These are the years when those who are truly passionate about real estate will make themselves known. I am proud of the team I have built and I can assure you that we will not stop investing in our listings, client care, or education. We will continue to offer above and beyond for those who work with our team.

Leaving you with one last tip! There are many great realtors out there. In this ever changing market, its not time to leave things up to chance. Do your research and chose someone who fits with you the best!

PERFECT COZY BUNGALOW

Walking in, you're greeted with the kitchen and dining area. Attached is a spacious living room, 2 beautiful bdrms, and full bath. Downstairs you will find a full, finished basement with another bdrm and full bthrm. A detached, heated garage to store all your toys and the aboveground pool? $264,900 TEXT RBJKZTN TO 844-928-0132

WELCOME TO 2580 FIELD!

This custom-built, 6 bdrm 4 bths and with over 3500 square ft. this home has more than enough room for that growing family. Located in one of Sudbury's most sought after areas, and only a short distance to schools, restaurants and shopping, any potential buyer is sure to be excited. $699,900 TEXT RBJCHZH TO 844-928-0132

GREAT OPPORTUNITY!

Want to travel for a few months at a time? No problem! Just turn the key with no worries. You will be more than comfortable in this openconcept condo with upgraded kitchen and bathroom. Many amenities are included with this wellmaintained building, including an elevator, an exercise room with sauna, and a meeting room. $239,900 TEXT RBJKLDW TO 844-928-0132

BUILD TO SUIT!

This 20 acre parcel zoned industrial offers many different possibilities. With great exposure on highway 17 and fielding road, this is an opportunity of a lifetime. The seller will build to suit with a long term lease to accommodate your business or we will sever a smaller parcel of land for your own imagination. $4,000,000 TEXT RBJHHXC TO 844-928-0132

MOBILE HOME OPPORTUNITY

FAMILY HOME

This property features a beautiful, open-concept, 5 bedroom 1 bathroom modern home in a super quiet community. Great-sized, end lot, plenty of privacy away from neighbours with a very large front yard and huge driveway, with lots of space for parking or storage. $199,999 TEXT RBJJKFZ TO 844-928-0132

Bright open kitchen feature loads of cabinet space, a centre island, and patio door that lead to a the outdoor deck. On the second level, you will find the spacious master bedroom with a walk-in closet, and ensuite bathroom. Two more bedrooms and lovely bathroom finish off this second floor. The fully finished basement and garage. $499,900 TEXT RBJKMTY TO 844-928-0132

BRIGHT & SPACIOUS

SOUTH END GEM

This 4 bed, 3 bath home has been fully renovated to modern standards. A large open concept kitchen and dining area is perfect for entertaining. With a walk-out basement offering a separate entrance, this home is perfect for investors or first time buyers. $379,700 TEXT RBJGDDC TO 844-928-0132

This fantastic 2-storey home is located in a preferred south end neighbourhood. Walking in, you're greeted with an open-concept design which features a large entrance and updated kitchen, dining and family room area. Upstairs you'll find 3 large bedrooms and 2 full bathrooms including a master bedroom with en-suite. $624,999

TEXT RBJKLNL TO 844-928-0132

YES, YOU CAN SELL YOUR HOME IN THE WINTER

YES, YOU CAN SELL YOUR HOME IN THE WINTER

Chances are, you’ve heard that the best time to list your home for sale is the spring. And while there is a lot to be said about selling your home in the spring (or even summer or fall), there are many benefits to selling your home right now – in the winter! Believe it or not, this could actually be the right time for you to sell.

If you choose to do so, follow these ideas for making the most out of your winter listing.

Price it right.

There might be a smaller pool of prospective buyers in the winter, but you’ll find that the pool is extremely motivated to buy. Someone looking to buy a home during the holidays or middle of winter has a compelling reason to do so and will be ready to move quickly. This makes your pricing strategy critical. Discuss a strategy with your real estate agent to arrive at a price that factors in and attracts fewer, but more serious, buyers. Make accessibility a priority.

If snow and ice is a factor for you in winter, you will need to be diligent about removal. Make sure driveways and walkways are always clear of treacherous ice. Invest in a plow service and stay stocked up on sidewalk salt.

Keep things warm.

Nothing will turn buyers off faster in winter than walking into a cold house, so make sure your heating system is operating at full capacity. And make sure that’s the case for every room in the house. If there’s one bedroom that tends to be drafty, now’s the time to find out the cause and resolve the issue.

Provide visuals of your home in summer.

One major thing a buyer might not be able to get an accurate picture of in winter is your outdoor space. Provide photos online and in person to prospective buyers that include shots of your backyard, patio, pool, garden, yard, etc., all looking their best in the summer. Your agent could also prepare a slideshow to play at an open house. Doing so gives a buyer a better idea of the home in all seasons and could really seal the deal for wintertime buyers.

Pay attention to holiday decor.

A few tasteful and neutral holiday decorations such as glowing white lights, fragrant evergreens and elegant metallic touches can really make your home glow and sparkle. But remember that less is always more – you don’t want to try and sell your home while it’s part of a Tacky Light Tour. And be sure to pack up those decorations as soon as the holidays have passed. Marketing your home with holiday lights on in the middle of January will not play in your favor.

With the help of these tips and your trusted real estate agent, the market for your house will be hot, unlike the weather outside.

Incredible

in prime location! Welcome to 1352 Marcel Street in sought after South End neighbourhood. This raised ranch offers 3 good size bedrooms and a large bathroom on the main floor, mostly new windows (2020), bright, functional floor plan and a walkout to the deck and private fenced back yard.

Attractive 2 storey home in sought after Minnow Lake location. This perfect family home has an abundance to offer with a large entranceway, 3+1 bedrooms, 3.5 bathrooms, functional floor plan, finished lower level, attached garage, main floor walk out to a new deck and good sized yard. Upgraded include deck, furnace, central air, central vacuum, hot water tank, window wells, roc sol insulation and drywall in the garage.

KAYLEY SPALDING

SALES REPRESENTATIVE

PENINSULA LAKE $3,195,000

Executive estate style waterfront cottage/home resting on a 6.35-acre property on Peninsula Lake! This impressive cottage boasts 5 beds and 3.5 baths across 3 levels of living space showcasing gorgeous highend features and finishes throughout.

MODERN HOME $1,595,00

Luxurious modern family home resting on a beautifully landscaped lot with views of the Muskoka River. This bungalow offers exceptional curb appeal, boasting 3,889 sq ft of finished living space, including 4 bedrooms & 3 full bathrooms.

This executive home showcases exceptional high-end features & finishes across 3,956 sq ft, boasting a total of 4 bedrooms & 3.5 bathrooms. Fabulous bungalow layout offers a stunning great room, and stone wrapped gas fireplace.

THREE MILE LAKE $1,649,900

Boasting four bedrooms and two full bathrooms this sprawling 1,919 sq ft bungalow is the perfect layout for families. Large, open concept kitchen, spacious dining room opening into the impressive living room with soaring pine lined cathedral ceiling.

CRAFTSMAN STYLE $1,695,000

Executive Muskoka craftsman style year-round home or weekend retreat! This immaculate home showcasing high end features & finishes throughout a lovely bungalow layout with finished loft & walkout basement.

HOME $2,199,900

Custom designed and built main cottage, plus detached studio for guests, and detached three car garage. The main cottage boasts a fabulous 3-bedroom, 2-bathroom floor plan, bright and open great room with cathedral ceiling.

DOE LAKE $2,199,900

Boasting 3,210 sq ft bungalow featuring four bedrooms, all with their own private ensuite bathroom! Exceptional curb appeal invites you inside from the covered porch into the spacious foyer opening to the grand principal rooms.

MUSKOKA RIVER $1,649,900

Rare offering of this outstanding two storey dream home with Muskoka River views and dock providing boat access to Lake Muskoka, peaceful farmland views from the rear yard, and detached double car garage with pine lined loft above!

LAKE VERNON $1,899,900

Sunny southern exposure and 180 feet of frontage on Lake Vernon, offering over 40 miles of boating on this 4-lake chain! This solid brick bungalow boasts 4,313 sq ft of finished living space in total including the full walkout basement.

EXECUTIVE

BRAND NEW MINNOW LAKE BUNGALOW

BRAND NEW SLAB ON GRADE GARSON 3 BEDROOM

MISSISSAGI RIVER BUILDING LOT

Almost completed 3 bedroom 2 bathroom home with an attached garage. Enjoy beautiful finishes, maintenance free living, 7 year Tarion warranty, and much more.

Text RBJKZTR to 844-928-0132. $596,900

SKEAD BEACH HOUSES FOR RENT

Almost completed slab on grade home with 3 bedrooms, 2.5 bathrooms, master ensuite, and attached garage. Enjoy maintenance free living, 7 year Tarion warranty, and much more! Text RBJKZTS to 844-928-0132. $596,900

103.7 ACRES IN CHELMSFORD

Features 743 feet of frontage (As per Geowarehouse), 2.2 acres, 2 Log Cabin Bunkies, great fishing, and much more. Call James Rollins today!

Text RBJHJXC to 844-928-0132. $99,900

MISSISSAGI RIVER BUILDING LOT

Two fully furnished beach houses for rent on Lake Wahnapitae. Features 3 bedrooms, 1 bathroom, completely upgraded finishings, and much more.

Text RBJKZTQ to 844-928-0132. $3,500 monthly.

132.7 acres on Regional Road in Chelmsford. This is a great opportunity priced at less than $3,000 per acre.

Text RBJHJXF to 844-928-0132. $390,000

Features a maintained paved road, 166 feet of river frontage, great fishing, and much more.

Text RBJHJXG to 844-928-0132. $99,900

DOMINICAN REPUBLIC VACATION PROPERTIES

ATLANTIDA PUNTA CANA

RIVER ISLAND PUNTA CANA

XANADU PUERTO PLATA

Brand new residences starting at USD $245,000 in the most touristic part of Punta Cana. Earn income while you are away, and enjoy your very own piece of paradise. Call for more information. Text RBHVFQX to 844-928-0132.

Just released with prices starting at $159,000! This is phase 2 of Atlantida with the best selection of premium units available now. Call James Rollins for more info.

Text RBJHJXH to 844-928-0132. $159,000

XANADU PUERTO PLATA. ALMOST SOLD OUT. Remaining units from USD $191,400. Brand new condos in the beachfront and golf course community of Playa Dorada. Appliances and furniture included, no taxes for 15 years, and a great rental management program. Text RBHVFQZ to 844-928-0132.