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Monday, December 28, 2015

The Vulcan Real Estate Market 2015 - my point of view

2015 was another interesting year in the local real estate market. The first almost half of the year was slow for the residential market sales. July and August, as well as part of September, is when the market was busy. October started to see a slow down, and November and December, while seeing a few sales, still was traditionally pretty quiet. Residential lot sales did not see much action. There are still several lots by the golf course for sale, most of which were for sale at the beginning of the year. We did see, however, a few residential lots in the older part of town get houses moved on to them, and one other with a house in the process of being built. There are a couple of residential family lots for sale within the older part of town, but not as many as years before. Moving in previously lived in homes seems to be a trend over the last couple of years (since the bylaw was changed in 2013). There are two new houses being constructed in a new part of the subdivision by the back nine of the golf course. One of the houses has already been spoken for. The interesting part about this part of the subdivision, is that it is not part of the homeowners association, nor part of a condo association. It is for single family homes. Places where people can have fenced yards, and a little more freedom, unlike the other areas of the Whispering Creek area.