Melissa Lillico Real Estate - Royal LePage RCR

10/23/2023

❗❗Price Drop❗❗

📍560 MEADOW Lane, Southampton📍
💲1,225,000.00
5 Bedroom | 3 Bathroom

✅Open Concept
✅Custom Stone Archway
✅1,880 Square Feet
✅New Flooring
✅ 2 Natural Gas Fireplaces
✅ Walking Distance to Beach

Main floor:
✅3 Bedroom
✅2 Bath
✅Open Concept Kitchen, Dining, and Living Room
✅Grand Fireplace

lower level:
✅2 Bedrooms
✅1 Bathrooms
✅Office
✅Home Gym

This lovely home is conveniently located by a park, tennis courts, walking and biking trails. Southampton is a desirable area along the shores of Lake Huron offering a great lifestyle to all ages and close to many amenities, marina, hospital and schools.

Virtual Tour: https://youriguide.com/560_meadow_ln_southampton_on/

Don't miss out on this wonderful opportunity and book your showing today!

Melissa Lillico
Sales Representative
📧 [email protected]
📞519-509-9335

10/16/2023

❗Market Update 📈

It is the past the 15th of October, meaning all sales data for September 2023 is out!

Let's go over it quick!

Single Family Homes🏠:
💲 In September 2023, the average price for a single-family home in Grey Bruce was $683,479, showing a positive Year-Over-Year (YoY) change of 1.3%. This is a welcome shift in the market, following a period of mixed results earlier in the year.💲

🏘Something to note, our housing stock has risen from 16 homes listed in Wellington North in August, to 23 in September, providing buyers with more of a batch to choose from.🏘

Townhouse / Condos🏢:
💲The townhouse and condo segment has shown some variations in the last 12 months. In September 2023, the average price was $511,718, representing a substantial YoY change of +13.0%. This is a significant increase and indicates growing demand in this housing category.💲

⌛️Something to note, the days on market are steadily rising, at an average of 149. This indicates a shift towards a buyers market in the Wellington North area. Up 520% from this time last year and up 230% from August 2022.⌛️

In summary, the real estate market in our area has shown resilience and adaptability throughout the year. Single-family homes have experienced a slight increase in value, while townhouse/condo prices have seen a notable surge, which could be attributed to shifting preferences among buyers.

Looking to sell?
Contact me today to see how your home fits in this market!

Thinking of buying?
Let's find the property that is right for you!

Melissa Lillico
Sales Representative
Royal LePage RCR Realty
📧 [email protected]
📞519-509-9335

10/09/2023

Wishing you and your loved ones a heartwarming and joyful Thanksgiving filled with love and gratitude.

May your day be blessed with love, laughter, and delicious food! 🍁🦃🧡

10/04/2023

"Households will continue to face waves of mortgage resets through 2026."

"British Columbia and Ontario emerge as the provinces most exposed to any further real estate downturn and potential economic weakness driven by the mortgage market.

Both provinces have above-average household leverage and exposure to real estate, with Ontario having been unquestionably the “frothiest” market during the boom."

Regional variations are becoming increasingly evident in the Canadian housing market, and affordability and migration play key roles in...

09/26/2023

❗❗New Listing❗❗

📍560 MEADOW Lane, Southampton📍

💲1,299,000.00
5 Bedroom | 3 Bathroom

✅Open Concept
✅Custom Stone Archway
✅1,880 Square Feet
✅New Flooring
✅ 2 Natural Gas Fireplaces
✅ Walking Distance to Beach

Main floor:
✅3 Bedroom
✅2 Bath
✅Open Concept Kitchen, Dining, and Living Room
✅Grand Fireplace

lower level:
✅2 Bedrooms
✅1 Bathrooms
✅Office
✅Home Gym

This lovely home is conveniently located by a park, tennis courts, walking and biking trails. Southampton is a desirable area along the shores of Lake Huron offering a great lifestyle to all ages and close to many amenities, marina, hospital and schools.

Virtual Tour: https://youriguide.com/560_meadow_ln_southampton_on/

Don't miss out on this wonderful opportunity and book your showing today!

Melissa Lillico
Sales Representative
📧 [email protected]
📞519-509-9335

09/23/2023

Hello Fall!🍂🍂

Today is the first day of fall, arguably the most picturesque season of all!💐

What are you looking forward to this fall?

Pumpkin Carving?🎃
Time with family?👨‍👩‍👦‍👦
Turkey?🦃

Let me know in the comments below!
📧 [email protected]
📞519-509-9335

09/21/2023

🏘📣Latest Edition of Real Estate Magazine 📣🏘

"This type of supply, coupled with decreasing demand, has Canada’s real estate market on the path toward a buyer’s market by the end of the year unless something changes. 📉" -- Real Estate Magazine

❗️Are you looking to buy? The market is shifting in your favor❗

Melissa Lillico
💼 Sales Representative
🌐 Website: https://melissalillico.royallepage.ca
📧 Email: [email protected]
☎️ Phone: 519-509-9335

Canadian home sales decline for the second month in a row, but prices remain steady. Find out why this trend has experts puzzled.

09/15/2023

❗️Here are the Market Stats for August in all of Wellington North County.❗️

🏠We have had 16 new listings last month, as compared to this time last year we are up 6.7%. On the contrary of that we have had 7 sales last month, compared to August 2022, where we had 10 sales. 🏠

✅Year to date however we are down 5.4% with 140 listings total. But we have surpassed last years sales with 86 sales, up a total of 1.2%.✅

⏰The days on the market are rising, so properties are taking a bit longer to sell, which can lead to more advantageous prices for buyers! On average a house will sit on the market for 76 days, compared to last Augusts 45 days, however this was still a recovering covid market. ⏰

💸Moving on to pricing, we have seen a decrease of 6% in the average sale price from last August and a total year to date decrease of 14%. Prices are coming down! At an average price of $770,714, compared to Augusts 2022 at $822,000.💸

🎯On average however, most sales are going for asking price, with an average sale of 99% of the original asking price.🎯

🏘Our inventory is looking very strong this year however, with lots of homes up for grabs! We have a supply of 41 homes up 20.6% from August 2022, in Wellington North!🏘

Looking to sell?
Contact me today to see how your home fits in this market!

Thinking of buying?
Let's find the property that is right for you!

Melissa Lillico
Sales Representative
Royal LePage RCR Realty

📧 [email protected]

📞519-509-9335

09/10/2023

❓Searching for your dream home❓

Check out my website https://melissalillico.royallepage.ca to begin your hunt!

6+ Years Serving Your Community as a Proud Member of Royal LePage RCR
📧 [email protected]
📞519-509-9335

09/06/2023

Back to School!📕

Here’s my daughters on their first day back!

With Dixie Violet and Marni sending them off!👋

How was your kids first day back to school?

09/06/2023

❗️Local Events Update❗️ - Fall Edition🍂

Two local family events this weekend to prepare us for Fall!

❗️First, from September 7th - September 10th is the Aurther Fall Fair! With 4 days of fun for the entire family, it is an event you can't miss!
Checkout www.arthurfallfair.com for more info!

Thursday-
✅Kickoff BBQ
✅Touch a Truck Event

Friday-
✅Parade
✅Family Movie Night

Saturday & Sunday-
✅Magician and Jugglers
✅Dog Lure Contest
✅Sand Castle Building
✅Zucchini Race
✅BINGO with a Jackpot of $1000
✅Kids Power Wheel Demo Derby
✅And So Much More...

Be Sure to come out and support our local communities!
Weekend Admission is $12!
Kids Under 12 are FREE!

-----------------------------------------------

❗️Second, on Saturday September 9th from 11:00 am - 3:00 pm @ MOUNT FOREST PENTECOSTAL CHURCH is the Family Fun Fest!
✅INFLATABLES
✅BBQ
✅PONY RIDES
✅FACE PAINTING
✅COTTON CANDY
✅STORY/CRAFTS
✅GAMES & MORE!

Check out www.mountforestpc.ca for more info!

Because Fall is for Family!

Melissa Lillico
6+ Years Serving Your Community as a Proud Member of Royal LePage RCR
📧 [email protected]
📞519-509-9335