May 2013
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Buyers pickier in this housing market By Kim Goggins
Many people will say that Mother Nature was kind to the region this winter, with plenty of snow to keep snowmobilers and skiers happy, but the prolonged cold and snowy weather well into April had many in the real estate profession cursing her. “There is no doubt, we were slower than last spring,” says Lynda Hepinstall of Century 21 Sparkling Waters Realty in Washago, noting the weather has a lot to do with it. “People just aren’t in the mood to look for houses in (cold, wet) weather.” Another stumbling block she sees so far this spring is the lack of ‘well-priced’ inventory in the area. “Buyers are being fussier. The low-to-mid range is where there is low inventory,” she reports. “The problem is that (houses in the right price range) are really small and they’re old. They need a lot of work. Buyers are just balking. They’re not willing to pay $300,000 for a (tear down) on Lake Couchiching.” That said, numbers from 2011 and 2012 show that Severn and Ramara continue to be popular places to buy. According to the Realtor Association of Ontario Lakeland (RAOL), which includes Severn, Ramara, Orillia and Oro-Medonte, 281 homes were sold in Severn and Ramara
Submitted photo How does your garden grow? For the Westcott family of Washago, it grows very well with vibrant flowers like this double pink Echinacea. See story on page 5.
in 2012, up from 244 in 2011. Of those sold in Severn Township because they can get an 84 were waterfront in 2012 versus 73 in 2011. Continued page 18 In fact, Marci Csumrik, a sales representative with RE/MAX Orillia Realty says Severn Township has a reputation for being one of the nicer areas to buy with affordable prices and taxes. “The Severn area is fantastic. I’m finding a lot of people are looking in the $400,000 range and they think they can find Gardening ������������������������������������� 5 something on Lake Couchiching. You really Business profile ��������������������������� 6 can’t. So, $300,000 to $400,000 is the river. News in Review �������������������������12 You can find something nice on the river Recipe of the month ���������������20 (that’s affordable) and the Severn River is Community happenings �������22 beautiful. The Green River is beautiful. There are some nice homes on the Black River.” There is a good mix of properties in Severn, too, adds Csumrik. “A lot of first-time homebuyers are buying
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