The changing face of County real estate

As I have observed before, there are two broad segments in the County market, with the majority of homes priced under $300,000 going to local residents and the majority of homes over that level going to new residents, principally from the GTA.

PEC Sales by Segment - Q2 2016.jpg

As recently as 2013, the majority of homes sold fell into the $300,000 and under category, but this appears to be changing.

Sales of homes under $300,000 fell this spring for the second year in a row, while higher priced homes –especially $300,000 to $500,000 range accounted for biggest sales increase.