Real estate market – Josh Adams Realtor http://joshadamsrealtor.com/ Tue, 10 May 2022 11:11:28 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://joshadamsrealtor.com/wp-content/uploads/2021/10/josh.png Real estate market – Josh Adams Realtor http://joshadamsrealtor.com/ 32 32 Move Smart Toronto Area Real Estate Market Report: May 2022 https://joshadamsrealtor.com/move-smart-toronto-area-real-estate-market-report-may-2022/ Tue, 10 May 2022 11:11:28 +0000 https://joshadamsrealtor.com/move-smart-toronto-area-real-estate-market-report-may-2022/ As we see in the market numbers for April (see “The Current Market” section above and full data in the “Monthly Statistics” section below), the Toronto area real estate market is in decline. of speed. Regular readers of my reports will recall that in my March 2022 report, I noted that at our brokerage Realosophy […]]]>

As we see in the market numbers for April (see “The Current Market” section above and full data in the “Monthly Statistics” section below), the Toronto area real estate market is in decline. of speed. Regular readers of my reports will recall that in my March 2022 report, I noted that at our brokerage Realosophy Realty, we were seeing very early signs of a downturn in the Toronto real estate market on the ground, before we saw it show up in the data.

This market shift has caused many consumers to ask me if they should move forward with their home buying plans before selling their current home or changing their approach.

Sudden changes in the real estate market cause a lot of anxiety for consumers (see “Why are home prices falling so quickly in Toronto?” below for more on this).

For real estate professionals, this is a particularly difficult time to advise clients, as although we may be able to see the first signs of a downturn, we cannot be too confident in predicting what will follow. . The approach I’ve always taken and trained my team on is to think about following the market very carefully and keeping pace, discussing the changing pros and cons of various approaches to help our clients decide what approach works given their particular circumstances. .

When we started advising on a downturn several months ago, we had a number of clients who decided to go ahead with buying a home knowing they might sell. in a slowing market because selling first wasn’t a practical option for personal reasons or because they didn’t want to pass up buying a very unique home.

Given the more challenging nature of this approach, I think it would be helpful to share how we ensured we were able to help all of these clients successfully sell their home after purchase.

Get your steps in the right order

Preparing a home for sale takes time – between decluttering, purging, minor improvements and fixing defects, it can take weeks to prepare a home for sale. But there’s no time to waste when selling after buying, as you could potentially risk selling in an even slower market.

This is why we advise our clients who are still considering buying first to prepare their home for sale as soon as they are still looking for their next home. With this approach, we are often able to list their current home for sale within a week or two of purchase.

We also strive to help our clients negotiate a longer closing date for the home they are buying, usually at least ninety days.

Understand your current market

Before you put your home up for sale, your real estate agent should give you a very good analysis of the market dynamics in your particular neighborhood. While I’m breaking down the market trends in this report to see what’s happening with different segments (homes vs condos) and municipalities and regions in the Toronto area, we need to dig even deeper when our clients are selling.

Non-professionals often underestimate how differently each neighborhood (and sometimes even the micro-areas within it) can fare, with some areas with fewer homes for sale remaining relatively hotter than those with rapidly rising inventories.

While we carefully track months of inventory data by neighborhood (you can see this data at movemartly.com), we’re also getting much more specific. It’s essential for us to talk to other agents with similar homes for sale in the same neighborhood and find out how many views and offers those homes are getting and what those agents are experiencing.

Most agents don’t do this type of homework. Instead, many rely solely on the information on the list. Seeing that a similar house down the street recently sold for $150,000 above asking price, they assume the market is still very busy and advise their client to take the same approach – a listing with a low prices to attract many buyers with deals on a set offer night.

But often the real story does not appear on paper. Call the agent who sold this house for more than asking and you may find that they had very few visits and were lucky to get an offer on their offer night.

This type of information helps us develop a more resilient strategy for pricing and marketing your home, one that considers what could happen if the conditions you expect do not materialize.

Follow a more nuanced strategy

Before you jump into the sell market, you need to decide if you are going to use a common pricing strategy as hot markets – list with a low price to attract as many buyers as possible in competition with each other so get a price well above your going price – or opt for the strategy of listing your home for what it’s worth and accepting offers at any time.

There are pros and cons to each approach – which strategy is right for you depends on current market conditions in your area, but also on your personal circumstances. Your marketing and pricing strategy will need to be very different if you only have three weeks to sell your home instead of two months. With a two-month lead time, you can be a little more patient, list your home at the high end of its value range, and adjust the price if you’re not getting the interest and traffic you want. When you only have three weeks to sell, it is more difficult to use this type of wait-and-revalue strategy.

Have realistic price expectations

If you’re listing your home for sale today, it may be unrealistic to assume you’ll get the same price as similar homes that sold a few months ago in February. I say “may” because it depends on the type and location of the house. Downtown Toronto homes and most condos have yet to come under downward price pressure. Many low-rise suburban homes, on the other hand, have seen a price drop (see “Data Dive” section below), which means your price expectations should be consistent with location and price. segment of your particular market.

If a homeowner decides to sell their home at a significant discount to market value, that doesn’t mean you have to follow them and accept such a low sale price – a comparable sale doesn’t make a deal.

You should base your price predictions on all of the most recent comparable sales, ideally homes that have sold within the past two to three weeks.

In a normal balanced market, it’s common to use comparable sales of homes sold 3-4 months ago, but in a slowing market where prices are changing rapidly, you should use more recent sales.

The flip side of having realistic price expectations is not being too desperate. Many sellers we’ve recently helped sell their home after buying it have found that the first offer they received for their home was lower than what they wanted – and lower than the price at which they ultimately sold their home. home. When a market starts to change, it’s common to see a lot of buyers start testing sellers to see how desperate they are and we see that on the ground. Some inexperienced agents may pressure their clients to accept these low offers if they are panicked as well (see again “Why are home prices dropping so fast in Toronto?” below).

]]>
LACKIE: Real estate market statistics talk, but who’s listening? https://joshadamsrealtor.com/lackie-real-estate-market-statistics-talk-but-whos-listening/ Sat, 07 May 2022 21:08:15 +0000 https://joshadamsrealtor.com/lackie-real-estate-market-statistics-talk-but-whos-listening/ Breadcrumb Links Toronto and the GTA Columnists Publication date : May 07, 2022 • 1 day ago • 4 minute read • 10 comments Photo by photo archive /Getty Creative Images Content of the article I feel like I’ve been writing about the signs of a housing market downturn for months. Advertisement 2 This ad […]]]>

Content of the article

I feel like I’ve been writing about the signs of a housing market downturn for months.

Advertisement 2

Content of the article

After the highs in February, it seemed hard to imagine that the run wouldn’t just continue. After all, it’s been two years of COOVID highs that only keep rising.

But then, of course, there were signs. Offer dates generate fewer offers. Perfectly charming underpriced homes that don’t reach their price the night of the offer only to be relisted higher the next day. It seemed like buyers were suddenly showing some reluctance and certainly some discernment – ​​they weren’t willing to buy just anything.

The first real sign of trouble I noticed was in early March when my colleague had a hot listing in a red light district and after a week of non-stop visits she only received two offers. His seller still touched his price but the whole thing was a bit disconcerting.

Advertisement 3

Content of the article

I then had a beauty signup the following week which was nice and busy but only yielded three offers. Again, we had a great result, but the clear signs of waning interest made me feel like choppy waters lay ahead. At that time, interest rates were rising, but the real Bank of Canada roundup was still only conjecture. It seemed to me that people were getting ready.

And now here we are. On the other side of this crisis, borrowing costs tend to rise and prices tend to fall. Exactly where we should all have expected to find ourselves one day since rates cannot stay low forever.

Despite all the talk of supply, supply, supply and rampant speculation fanning the flames of our FOMO-driven market, the nearly free flow of money was the fuel that kept the flames burning. And while rates are rising sharply, some of the craziness we’ve seen over the past few years has obviously started to subside.

Advertisement 4

Content of the article

We apologize, but this video failed to load.

Just look at the TRREB’s April market stats to see how this moderation plays out.

Home prices in Toronto fell 6.4% from the previous month, the biggest monthly drop since April 2020, when the world came to a standstill with the arrival of the pandemic. With homes sold down 26% month-over-month, even the bulls among us who fervently believe in the courage of this real estate market must surely be starting to wonder.

Colleagues who insisted that everything was fine and that my observations were nothing to fear are now beginning to change their minds. Everyone agrees that change is afoot – the question is what the next six to 12 months and beyond will look like.

Will this be like so many previous downturns that turned out to be relatively short-lived reactions to new government policies and interventions or should we look to the stock market crash of the early 90s to see what lies ahead?

Advertisement 5

Content of the article

Will it take consumers some time to realize that borrowing costs are returning to moderate levels before re-engaging again? Or will our broader economic precariousness fail to provide enough stability to get us out unscathed.

Even economists cannot find a consensus. Some reports say we should expect a 24% drop in house prices while others suggest we will land somewhere in the 5-7% arena, still a far cry from where we were before the pandemic.

This makes this period particularly difficult for real estate agents who are asked to advise their clients. The last thing you want to do is be alarmist since no one knows for sure what will happen – there are people still sitting on the sidelines who have cashed in to wait for prices to drop only to find themselves now out of price for a long time.

Advertising 6

Content of the article

We apologize, but this video failed to load.

At the same time, I find myself scratching my head at the type of “estate-only-amount” agents who still declare now a good time to buy. I sincerely wonder if they pay attention to their markets and consume media beyond TikTok.

Generally speaking, now is not a great time to buy unless, of course, you really need it, have the income to comfortably afford that shipping cost, and are willing to stick with it. on the long term.

For people who need more space, a change of location or who have planned a short to medium term retirement on the equity in their home, putting their life on hold in anticipation of an uncertain future is an error. Get yourself a seasoned agent who can fight for you and get out there. If you can land a property at 10% below February comparables, you are mitigating a substantial portion of the risk, IMHO.

Selling in the same market conditions you should buy in usually means even impacts.

That being said, for people who are still wondering if they should maximize their line of credit to buy an investment property, by betting on a guaranteed appreciation, I find it very hard to believe that this kind of risk in worth it.

Is it a blue sky in front of us? Not really. Are we headed for a world of suffering? For some, yes, absolutely. For the rest of us, maybe, maybe not.

Don’t like this take? I apologize. I’m just trying to be honest.

@brynnlackie

Advertisement 1

comments

Postmedia is committed to maintaining a lively yet civil discussion forum and encourages all readers to share their views on our articles. Comments can take up to an hour to be moderated before appearing on the site. We ask that you keep your comments relevant and respectful. We have enabled email notifications. You will now receive an email if you receive a reply to your comment, if there is an update to a comment thread you follow, or if a user follows you comments. See our Community Guidelines for more information and details on how to adjust your email settings.

]]>
Can Higher Mortgage Rates Cool Hawaii’s Booming Real Estate Market? https://joshadamsrealtor.com/can-higher-mortgage-rates-cool-hawaiis-booming-real-estate-market/ Sat, 07 May 2022 04:09:00 +0000 https://joshadamsrealtor.com/can-higher-mortgage-rates-cool-hawaiis-booming-real-estate-market/ HONOLULU (HawaiiNewsNow) — The Honolulu Board of Realtors says the median price of a single-family home on Oahu fell slightly to $1,105,000 in April. The number of homes awaiting sale also fell – a sign that rate hikes by the Federal Reserve are starting to have an impact. Mortgage rates have reached historic lows over […]]]>

HONOLULU (HawaiiNewsNow) — The Honolulu Board of Realtors says the median price of a single-family home on Oahu fell slightly to $1,105,000 in April. The number of homes awaiting sale also fell – a sign that rate hikes by the Federal Reserve are starting to have an impact.

Mortgage rates have reached historic lows over the past two years, leading to strong demand for real estate and record house prices. Since the Federal Reserve began raising interest rates to curb soaring inflation, experts say the market may begin to stabilize.

“It’s high demand, low supply,” said Rex Alcubilla, who was outbid by other homebuyers who offered all cash, large deposits or well above the asking price. “When my wife and I walk around and try to look at these homes, sometimes you run into 10 to 15 families looking for the same thing.”

Jaymes Song, an agent for Better Homes and Gardens Real Estate, expects the bidding wars to continue.

“We’ve had the only best, best, strongest, most aggressive buyers who can buy homes. So there is still a big backlog of buyers still out there looking for accommodation,” Song said. “We are at near record prices and very low inventory rates. It is therefore a market that is still very unbalanced, mainly sellers, which should begin to change, due to the rise in interest rates over the next three to six months.

Mortgage rates jumped above 5% for the first time in more than a decade, almost double what they were a year ago.

“Everything they could afford before, they can’t afford now. Let’s say if you are able to buy $2 million up front with a lower rate. Now your budget is most likely down to, say, 1.5 million or 1.6 million,” said Vanessa Kop, executive vice president of NAI CBI Hawaii.

Although you may have missed the mark with a 3% rate, real estate agents advise people not to wait if they really want to buy.

“My parents had mortgage interest rates above 10% in the double digits. So from a historical perspective, maybe 5%, 6% still very low,” Song said.

For now, some savvy buyers say they’re waiting.

“I’m kind of watching the market to see if that will be the case, even if the interest is higher, we’ll see if that plays into the consumer mindset a bit, if there will be fewer buyers or not,” says Alcubilla.

Copyright 2022 Hawaii News Now. All rights reserved.

]]>
Window on the real estate market for the Montreal CMA: https://joshadamsrealtor.com/window-on-the-real-estate-market-for-the-montreal-cma/ Wed, 04 May 2022 18:55:48 +0000 https://joshadamsrealtor.com/window-on-the-real-estate-market-for-the-montreal-cma/ NUN’S ISLAND, Quebec, May 04, 2022 (GLOBE NEWSWIRE) — The Professional Association of Quebec Real Estate Brokers (APCIQ) has just released its residential real estate market statistics for the month of April. The most recent market statistics for the Montreal Census Metropolitan Area (CMA) are based on the provincial Centris database of real estate brokers. […]]]>

NUN’S ISLAND, Quebec, May 04, 2022 (GLOBE NEWSWIRE) — The Professional Association of Quebec Real Estate Brokers (APCIQ) has just released its residential real estate market statistics for the month of April. The most recent market statistics for the Montreal Census Metropolitan Area (CMA) are based on the provincial Centris database of real estate brokers.

“Sales continue to drop significantly in the Greater Montreal area, making April the least active month since 2017. Considering that 2017 refers to the most subdued year of activity in the last five years , this reversal is indicative of a significant slowdown. This is particularly true for single-family homes, where, to find a comparable month of April, you have to go back to 2014, which was one of the least active years of the last 20 years. This category weighs heavily in the balance, while sales remain at a sustained level for condominiums and plexes,” noted Charles Brant, director of the APCIQ’s market analysis department. “If this situation is mainly due to a lack of single-family homes available on the market, we have to face the facts: the current price level is crowding out a significant portion of potential buyers for this category of property. More determined buyers who are unimpressed with market conditions are flocking to more affordable condos faster than ever. These buyers are no doubt under pressure from the prospect of interest rates rising faster than expected in the current inflationary environment or the need to find a property that meets their priorities.

April Highlights

  • The slowdown in CMA sales (5,124) continued in April, with a 17% drop from April 2021, a level of activity that was only slightly higher than in 2017.
  • The northern sectors of the CMA experienced greater declines in sales than the others, with a drop of 21% in Laval and 20% on the North Shore. The Island of Montreal also experienced a significant decline, down 17% compared to April 2021. The slowdown in activity also affected the other regions of the CMA, but with less significant declines; -14% for Vaudreuil-Soulanges and the South Shore and -10% for Saint-Jean-sur-Richelieu.
  • All residential categories in the CMA continued to experience declines in activity. Small income properties saw the largest drop, with a 19% decline. Next come single-family homes, at -17%, and condominiums, at -16%.
  • The moderating trend in active listings continued in April, with an 8% drop compared to the same period last year. This follows an 11% decline in March. Current listings reached 10,454 in the CMA, a slight increase from March, which marked the 4th consecutive month of increases in residential listings, a situation not seen since 2013.
  • Median prices continued to grow significantly in April, a trend that is expected to fade in the near future given weakening sales and a process of stabilizing listings in effect. Median single-family home prices rose 16% from April 2021 to $580,000. This price had reached $566,000 by March 2022. Prices for condominiums and small income properties saw a similar increase. Condominiums gained 15% to $410,000, while small income properties gained 14% to $780,000.

Further information:

Detailed and cumulative statistics for the Province and regions

If you would like additional information from the Market Analysis Service, such as specific data or regional real estate market details, please write U.S.

About the Professional Association of Quebec Real Estate Brokers

The Professional Association of Quebec Real Estate Brokers (APCIQ) is a non-profit association that brings together more than 14,000 real estate brokers and agencies. It is responsible for promoting and defending their interests, taking into account the challenges of the profession and the various professional and regional realities of its members. The APCIQ is also an important player in many real estate files, including the implementation of measures to promote home ownership. The Association reports statistics on the residential real estate market in Quebec, offers training, tools and services related to real estate and facilitates the collection, dissemination and exchange of information. The APCIQ has its head office in Quebec and its administrative offices in Montreal. It has two subsidiaries: Centris inc. and the College of Real Estate of Quebec. Follow his activities on qpareb.ca or via its social media pages: Facebook, LinkedIn, Twitter and Instagram.

About Centris

Centris is a dynamic and innovative technology company in the real estate sector. It collects data and offers solutions very suited to the needs of professionals. Among these solutions is Centris.ca, the most visited real estate site in Quebec.

For more information:

Marie-Rose Desautels
Morin Public Relations
media@qpareb.ca

Image bank (QPAREB credit) available free of charge.

An infographic accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fc3165dd-300d-4d48-8e7c-c96254e019d9

]]>
Frenzied real estate market comes with regrets for most homebuyers https://joshadamsrealtor.com/frenzied-real-estate-market-comes-with-regrets-for-most-homebuyers/ Tue, 03 May 2022 05:00:00 +0000 https://joshadamsrealtor.com/frenzied-real-estate-market-comes-with-regrets-for-most-homebuyers/ Multiple offers, cash offers and quick sales have created a real estate frenzy in desirable locations in Maine and across the country, leading 70% of buyers to have at least one regret, according to a national survey. The top regret cited by about one in five U.S. buyers was underestimating the total cost of buying […]]]>

Multiple offers, cash offers and quick sales have created a real estate frenzy in desirable locations in Maine and across the country, leading 70% of buyers to have at least one regret, according to a national survey.

The top regret cited by about one in five U.S. buyers was underestimating the total cost of buying a home, according to a recent survey by HomeLight, an online real estate marketplace. This includes higher down payments, higher prices fueled by bidding wars, and more common things like insurance and maintenance costs.

Some rushed to buy before mortgage interest rates rose further. Rates have been below 3% for most of the past two years, but inflationary pressures have pushed them since February to a national average of 5.42% this week for a 30-year fixed mortgage, the highest rate high since April 2010.

The Federal Reserve is expected to raise interest rates by half a percentage point this week, which will push up mortgage rates and interest rates on credit cards, auto loans and other types of loans. to consumption.

About 20% of respondents said they bought a house too quickly and 40% bought an older or smaller house than originally planned.

]]>
Thinking of selling your home in today’s NYC real estate market? Here are 10 staging tips, according to the experts. https://joshadamsrealtor.com/thinking-of-selling-your-home-in-todays-nyc-real-estate-market-here-are-10-staging-tips-according-to-the-experts/ Sat, 30 Apr 2022 18:58:00 +0000 https://joshadamsrealtor.com/thinking-of-selling-your-home-in-todays-nyc-real-estate-market-here-are-10-staging-tips-according-to-the-experts/ STATEN ISLAND, NY – As the real estate market in the New York metro area continues to heat up, a national report released late last year predicted that sellers who have owned their homes for a while will likely give up to a transaction with a good sum of money in 2022, some owners may […]]]>

STATEN ISLAND, NY – As the real estate market in the New York metro area continues to heat up, a national report released late last year predicted that sellers who have owned their homes for a while will likely give up to a transaction with a good sum of money in 2022, some owners may consider moving.

“2022 will be very competitive as home sales hit a 16-year high and trends such as workplace flexibility are enabling more success for homebuyers,” noted an annual housing forecast released in December by Realtor. .com.

Sandy Krueger, president and CEO of the Staten Island Board of Realtors, told Advance/SILive.com at the time that he anticipated “a myriad of factors” affecting the local real estate space this year.

“I think 2022 will be a time for real estate professionals to show their worth by helping consumers weigh the options and opportunities in the housing space,” he said, adding that many landlords have capital sitting in their house, “the value of which has exploded in recent years.”

So for those gearing up to cash in on today’s real estate market, data journalism website Stacker has researched the best ways to stage a home for sale using insights from Fund That Flip, which has compiled tips movers, real estate agents and home improvement. experts.

Below are 10 budget-friendly ways to stage a home for sale, according to Stacker’s analysis.

1. Use neutral colors. Buyers want to be able to see the homes they visit as their own – they don’t want to imagine the home as someone else’s space. As homeowners prepare their home for market, they should choose neutral paint to cover accent walls or unusual colors. Light taupes, grays or off-whites are the optimal colors.

2. Highlight the storage space. Most buyers will consider a home’s storage space as part of the decision-making process. Buyers want enough space to store clothes, shoes, food, holiday decorations and more. Sellers should enhance closets and drawers by neatly placing folded clothes in baskets or bins, using shoe racks, and organizing linen closets.

According to experts, the smell of freshly baked cookies can be extremely appealing to shoppers. (Staten Island Advance)Pamela Silvestri

3. Bake cookies. Buyers want to be able to imagine themselves living in a home – they want it to feel like home. And what gives a home more warmth and invitation than a plate of freshly baked cookies? The smell of freshly baked cookies or a warm loaf of bread can be extremely appealing to shoppers. Baking cookies shortly before an exhibit — and placing them on the counter with a note for visitors to help themselves — can set your home apart from others on the market.

4. Avoid showing too much personal taste. Staging a home with items that cater to a specific personal taste won’t appeal to all buyers, and in some cases can be a big deal. This is why it is important to depersonalize a space as much as possible before listing a home. Don’t opt ​​for kitschy decor, floral wallpaper, or personal photos when staging a home.

6890 Jonestown Road: cool spaces

According to experts, mirrors can enlarge spaces in a home. (Dan Gleiter | dgleiter@pennlive.com)

5. Use mirrors to enlarge small rooms. Small spaces in a home don’t have to look small – sellers only need a few mirrors to create the illusion that they are bigger than they appear. Adding mirrors to an enclosed space like a bedroom or hallway will instantly make it appear larger than it actually is, which will appeal to buyers. Strategically place a mirror near windows to bring more reflective natural light into the room, which will brighten up dark spaces. Adding more mirrors to a small bathroom can also help make it look bigger, which can be a handy trick to use for half bathrooms or bathrooms with limited space.

6. Use an air mattress to stage a bed. Empty rooms – or rooms used as storage or play areas – are generally not attractive to buyers. To turn an empty room into a storied bedroom, buy an inexpensive air mattress and lay it on boxes. Then just cover the boxes with a bed skirt, then cover the air mattress like you would any other bed – with a nice duvet and some pillows. Add a few inexpensive end tables to the mix and simple decor, and you’ll create a guest suite that’s bound to be much more appealing to shoppers than a cluttered storage room.

7. Coordinate half-empty closets. The best way to make closets more attractive is to leave them half full. This creates the illusion that closets have more space than they actually do – and also makes it easier to organize them. After selecting a few clothes, display them by color. This kind of neat, color-coordinated organization will help make your closets — or other spaces, like cabinets for cleaning supplies — more appealing.

8. Decorate with fresh flowers, plants, citrus fruits. Adding fresh flowers and plants can be a great way to add color and give a welcoming vibe. Hang a wreath of fresh greens and flowers on the doorstep, or strategically place vases with flowers throughout the house. Choose to add a bowl of fresh citrus on the kitchen counter or table to brighten up the room.

20 Beechwood Lane: Cool Spaces

Real estate experts recommend investing in white towels when putting a house up for sale. (Sean Simmers | ssimmers@pennlive.com)

9. Use white towels in bathrooms. Invest in clean, white towels that can create a spa-like atmosphere, which is precisely why hotels and day spas all use crisp white towels and linens. The same goes for shower curtains and bath mats. Avoid decorating a bathroom with darker colors, patterns, or light colors that have seen better days, and opt instead to create a brighter, cleaner feel.

10. Don’t neglect the garage, basement and yard. It’s easy to focus on the main living areas of the house, but don’t neglect to spruce up areas like the garage, basement, yard, walkway, and exterior stairs. Make sure gardens and outdoor areas don’t seem overgrown, and remove old items like barbecue grills or patio furniture that’s seen better days. To showcase space in a garage or basement, vertically stack cardboard boxes and containers to show how the space can be optimized for the buyer’s storage needs. Plus, it will help these spaces look more organized, which will be even more appealing.

]]>
The market is poised to grow by $5.37 billion between 2022 and 2026, decelerating at a CAGR of 61.74% https://joshadamsrealtor.com/the-market-is-poised-to-grow-by-5-37-billion-between-2022-and-2026-decelerating-at-a-cagr-of-61-74/ Fri, 29 Apr 2022 10:18:00 +0000 https://joshadamsrealtor.com/the-market-is-poised-to-grow-by-5-37-billion-between-2022-and-2026-decelerating-at-a-cagr-of-61-74/ company logo Dublin, April 29, 2022 (GLOBE NEWSWIRE) — The ‘Global Metaverse Real Estate Market 2022-2026’ report has been added to from ResearchAndMarkets.com offer. The Metaverse real estate market is poised to grow by $5.37 billion over the period 2022-2026, slowing to a CAGR of 61.74% The market is driven by the growing popularity of […]]]>

company logo

Dublin, April 29, 2022 (GLOBE NEWSWIRE) — The ‘Global Metaverse Real Estate Market 2022-2026’ report has been added to from ResearchAndMarkets.com offer.

The Metaverse real estate market is poised to grow by $5.37 billion over the period 2022-2026, slowing to a CAGR of 61.74%

The market is driven by the growing popularity of mixed reality and cryptocurrency, the increase in the number of major brands entering the market, and the growing number of land purchases on the metaverse.

This study identifies the increasing number of virtual land acquisitions as one of the major reasons for the growth of the metaverse real estate market over the next few years. Additionally, the increasing number of new start-ups and increasing market penetration in developing economies will drive a large demand in the market.

The Metaverse Real Estate Market report provides holistic analysis, market size and forecast, trends, growth drivers, and challenges, and vendor analysis covering around 25 vendors. The report offers up-to-date analysis regarding the current global market scenario, latest trends and drivers, and overall market environment. Metaverse real estate market analysis includes end-user segment and geographical landscape.

The publisher’s robust vendor analysis is designed to help clients improve their position in the market, and in line with that, this report provides a detailed analysis of several leading vendors in the metaverse real estate market, including Axie Infinity, Cryptovoxels, Decentraland Foundation, Linden Lab, ShibaLand LLC. , Somnium Space LTD., SuperWorld Inc., TandB Media Global Thailand Co. LTD., The Sandbox, The Voxel Agents, Tokens.com and Uplandme Inc.

In addition, the Metaverse Real Estate Market analysis report includes information on upcoming trends and challenges that will influence the growth of the market. It’s about helping businesses strategize and take advantage of all the growth opportunities ahead.

Main topics covered:

1. Summary
1.1 Market Overview

2. Market landscape
2.1 Market ecosystem

3. Market sizing
3.1 Market Definition
3.2 Market Segment Analysis
3.3 Market Size 2021
3.4 Market Outlook: Forecast for 2021-2026

4. Five forces analysis
4.1 Summary of the five forces
4.2 Bargaining power of buyers
4.3 Bargaining Power of Suppliers
4.4 Threat of new entrants
4.5 Threat of Substitutes
4.6 Threat of rivalry
4.7 Market Status

5. Market Segmentation by End User
5.1 Market Segments
5.2 Comparison by end user
5.3 Companies – Market Size and Forecast 2021-2026
5.4 Individuals – Market Size and Forecast 2021-2026
5.5 Market Opportunity by End User

6. Customer Landscape
6.1 Customer landscape overview

7. Geographic landscape
7.1 Geographic segmentation
7.2 Geographic comparison

8. Drivers, challenges and trends
8.1 Market Drivers
8.1.1 Rising Popularity of Mixed Reality and Cryptocurrency
8.1.2 Increase in number of top brands entering the market
8.1.3 Increased number of land purchases on the metaverse
8.2 Market Challenges
8.2.1 Real estate market price uncertainty on the metaverse
8.2.2 Threat of cyberattacks
8.2.3 Legal and regulatory challenges associated with the market
8.3 Impact of factors and challenges
Exhibit 83: Impact of drivers and challenges in 2021 and 2026
8.4 Market trends
8.4.1 Growing number of virtual land acquisitions
8.4.2 Growing number of new start-ups
8.4.3 Growing Market Penetration in Developing Economies

9. Supplier Landscape
9.1 Overview
9.2 Supplier Landscape
9.3 Landscape disturbance
9.4 Industrial risks

10. Vendor Analysis
10.1 Suppliers Covered
10.2 Supplier Market Positioning

For more information about this report visit https://www.researchandmarkets.com/r/p392ql

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
]]>
Dubai’s commercial real estate market soars https://joshadamsrealtor.com/dubais-commercial-real-estate-market-soars/ Wed, 27 Apr 2022 09:51:22 +0000 https://joshadamsrealtor.com/dubais-commercial-real-estate-market-soars/ CRC, a Betterhomes Group company and Dubai’s largest commercial real estate agency, has released its Dubai Commercial Real Estate Market Report for Q1 2022, which provides a detailed overview of Dubai’s commercial real estate in course of the last trimester. The first quarter of 2022 proved that the Dubai property market continues to soar. The […]]]>

CRC, a Betterhomes Group company and Dubai’s largest commercial real estate agency, has released its Dubai Commercial Real Estate Market Report for Q1 2022, which provides a detailed overview of Dubai’s commercial real estate in course of the last trimester.

The first quarter of 2022 proved that the Dubai property market continues to soar. The remarkable recovery of the commercial real estate market after the pandemic resulted in one of the strongest quarters in recent years.

Reflecting on the first quarter, Ben Bargh, Director of CRC, said: “In 2021, the commercial property market experienced a rebound that exceeded expectations with an increase in transactions and demand in all areas. Growth continues through 2022, with confidence building among investors and end-users of the market. »

“The commercial real estate market is currently the strongest since 2016, with office, warehouse and retail properties in high demand for sale and rental.” Well go on.

New policies issued by the government at the start of 2022, such as changing the working week from Monday to Friday to align with the rest of the world, have made Dubai even more attractive for investors looking to develop or develop their business.

Overall, the commercial property market can be expected to continue on an upward trajectory, supporting the growth of the Dubai property market and the economy as a whole.

Main findings

The Dubai property market had a total sale value of nearly AED56 billion in the first quarter of 2022, according to DXB Interact, a record quarter compared to previous years. At CRC, our billed transactions increased by 62% in the first quarter of 2022 compared to the first quarter of 2021.

Office and retail sales remain at the forefront of growth, with office seeing a 31% increase and retail a 104% increase for units sold in the first quarter of 2021. The total value of Sales also continue to rise, with offices seeing a 71% increase and retail units a 49% increase from the first quarter of 2021.

Major communities such as Business Bay and Jumeirah Lake Towers continue to dominate office sales, followed by Emirates Living and Dubai Silicon Oasis.

For retail sales, International City, Jumeirah Lake Towers and Business Bay came out on top for the first quarter of 2022.

According to CRC data, the number of rental transactions is up 7% for the first quarter of 2022 compared to the first quarter of 2021, with the largest increase in the warehouse sector, which is 88%.

As prices rise and demand grows, tenants who previously shopped year-over-year for high-quality homes at the lowest price are opting instead for long-term leases at lower rental values .

Apparently confidence in the market rebounded in the first quarter of 2022, with the CRC recording a 17% increase in payments with 4 checks and 1 check down 7%.

]]>
Kingston, Ont. castle hits property market – kingston https://joshadamsrealtor.com/kingston-ont-castle-hits-property-market-kingston/ Mon, 25 Apr 2022 18:43:27 +0000 https://joshadamsrealtor.com/kingston-ont-castle-hits-property-market-kingston/ It’s a property fit for a king or queen – 14 Sydenham St. in Kingston, Ontario, known as the city’s only castle, is listed for sale at $2.8 million. It was designed by architect John Powers for Scottish shipowner Donald McIntosh in 1852. It is said that McIntosh promised his family a castle with a […]]]>

It’s a property fit for a king or queen – 14 Sydenham St. in Kingston, Ontario, known as the city’s only castle, is listed for sale at $2.8 million.

It was designed by architect John Powers for Scottish shipowner Donald McIntosh in 1852.

It is said that McIntosh promised his family a castle with a view of the lake to entice them to move to Canada.

Read more:

Kingston Area Public Health calls for decriminalization of drugs for personal use

The property is 3,500 square feet on three levels.

“There is no square room in the house so it has really interesting shapes, high ceilings, lovely patio doors all sorts of lovely historic details and ideally located. You have a great view of City Park, you’re right next to the county courthouse, you can walk everywhere, you can enjoy downtown,” said Majorie Cook, listing agent for Royal Lepage.

The story continues under the ad

The family selling the property has lived there for 50 years.

The home features four fireplaces, original hardwood floors, high ceilings, and even a watchtower.


Click to play video: 'Loyalist Township Council decides on WJ Henderson Pool'







Loyalist township council decides on WJ Henderson pool


Loyalist township council decides on WJ Henderson pool

The glass tower is said to have been added to the house after it was built so Lady McIntosh could watch the hangings take place across the street at the Frontenac County Courthouse.

“Kingston has so many incredible historic gems and this would definitely rank among the landmarks and we are very, very happy to be able to bring this to market,” said Sandy Sheahan, listing agent for Royal Lepage.

Bids will be accepted on Monday 2 May.

© 2022 Global News, a division of Corus Entertainment Inc.

]]>
Agents reflect on the hot property market in Western Australia | weekly farm https://joshadamsrealtor.com/agents-reflect-on-the-hot-property-market-in-western-australia-weekly-farm/ Sun, 24 Apr 2022 04:00:00 +0000 https://joshadamsrealtor.com/agents-reflect-on-the-hot-property-market-in-western-australia-weekly-farm/ As the days get shorter and the weather gets colder, so does the real estate market. This is a sign that the busiest time of the year is coming to an end for sellers and buyers alike. But what have been the ups and downs of the season and what will this mean for the […]]]>

As the days get shorter and the weather gets colder, so does the real estate market.

This is a sign that the busiest time of the year is coming to an end for sellers and buyers alike.

But what have been the ups and downs of the season and what will this mean for the market going forward?

In the Mid West, cropland sales broke many records this season.

According to Courtney Keeffe, rural sales specialist at Elders Real Estate Geraldton, the hottest location has been in Northampton County.

An area just north of Geraldton Elders sold eight properties for over $40 million.

“The historic property, Oakabella in Bowes, had the highest price per arable hectare reached at $7,619,” Mr. Keeffe said.

He also noted other well-regarded properties sold under the Elders banner, including ‘Barellan’ (3578ha) and ‘Ninynook’ (399ha) in Ogilvie, Oakagee Farm (711ha) in Bowes and ‘Raymar’ (1611ha) in East Binnu.

Where rainfall has primarily been a strong buying factor, Mr. Keeffe found low-rainfall properties have also performed exceptionally well, such as ‘Eureka’ in Devils Creek which fetched $2,777 per arable hectare.

“Demand for pasture has steadily increased as the selling season progressed, lifestyle blocks are also selling very strongly with properties still listed at this late stage,” he said.

Across the state, there was a similar story, with land sales on mixed farming and high-rainfall pasture all popular.

Throughout the South Coast and Deep South, including Narrikup, Forrest Hill, Pingrup, Green Range, Mettler and Gairdner, there was great interest, with properties being sold via Expressions of Interest.

“Farmhouses typically receive multiple offers by the closing date, with two of my largest listings having nine and 10 offers respectively,” said Simon Thomas, rural sales specialist at Elders Real Estate Albany.

“Prosperous family farms looking to expand have been the main buyer demographic, with investors and corporations also active.

“Appetite for rural land appears to be following a similar trend to the previous 12 months with demand well outpacing supply.”

The historic Oakabella property in Bowes sold for the high price of $7,619 per arable hectare. Elders have sold eight properties in the Northampton area this year.

Mr Thomas thinks that overall this has led to higher prices with each sale.

In his area, he deals with a huge range of properties, including a big difference in precipitation ranges.

Rainfall in its regions can range from 330 millimeters to 1100 mm, and as such, establishing an average hectare rate can prove difficult.

With that in mind, Thomas estimates most sales are between $2,500 and $18,500 per hectare, which he says is a significant increase from a year ago.

Some of his most interesting sales included Mettler Rd in Mettler, which had 1030 effective hectares on the property.

“The property has been planted and will require full restoration to return to growing country,” Mr. Thomas said.

“It sold during the spring selling season for $5.5 million or $5339.80 per effective hectare.

“The property has generated a lot of interest with several offers presented to the seller.”

Also note “Westlawn” on Muir Highway in Forrest Hill.

“This one was a smaller lifestyle property on 142 effective acres,” Mr. Thomas said.

“There were good improvements with a large modern house.

“This property also generated a lot of interest, with multiple offers presented and sold for $2.03 million or $14,295 per effective hectare.”

Heading northeast, Nutrien Harcourts rural sales specialist Terry Norrish looks after Moora and Dandaragan counties, noting that this was his most prolific season in terms of the amount of sales, all the toughest sales being made.

“The entire agricultural region in which I do business has seen a significant increase in value over the past 12 months, with many buyers still looking to buy,” Mr Norrish said.

“With land values ​​ranging from $2,500 to $10,000 per hectare, these strong prices are up 10-20% from last year.”

Because Mr Norrish said his two biggest sales were close to settling, so he was shy to divulge final figures and precise locations, but they are happening in the Watheroo and Dandaragan areas.

As for the pastoral market, this season has continued to build on the rise in prices over the past two years, with the carbon market playing an important role in driving the elevator.

Elders Real Estate Rural and Metro pastoral sales specialist Greg Smith said the Kimberley was still receiving a lot of interest from established cattle ranchers and the corporate sector, with multiple bids being received on all offers.

“Values ​​have remained reasonably constant across the region, with the main factors of variation being the level of improvement and the quality of livestock included,” he said.

“There have been very few Pilbara stations sold on the open market, although a number have been sold off-market with varying values ​​and in some cases values ​​influenced by mining access agreements as well as by pastoral value.”

The most interesting region according to Mr Smith was the southern rangelands from Meekatharra to the south, in an area made up of arid scrub and mulga country.

There was very strong interest from investors and the corporate sector driven by the potential market for carbon sequestration.

“Some buyers settled in this area after their own surveys, satellite mapping and computer modeling showed that the Murchison and Goldfields areas were able to sequester commercial amounts of carbon through modified management practices” , said Mr. Smith.

“Prices paid in this region for properties that qualify for a carbon project or have the potential to qualify can be much higher than growers who value a resort solely on carrying capacity and quality of upgrades.”

As a result, Mr Smith still has a long list of buyers looking for properties with carbon potential or with carbon projects already established.

“I would say the next two years could provide an opportunistic window to sell at a very high price,” he said.

With multiple deals set to continue per property and carbon farming just beginning to become another viable revenue stream, it seems a safe bet that Mr. Smith’s prediction could well be the case not only for the pastoral region but throughout the state.

Want weekly news highlights delivered to your inbox? Sign up for the Farm Weekly newsletter.

]]>