Owen Sound has some of the best REALTORS® to work with that can help you purchase a new home or put your current property on the real estate market for top dollar.
There are currently ninety-seven Owen Sound homes for sale with new homes added daily — select one of the best real estate agents from the list above to help you get started in finding that dream home today!!
Prospective homebuyers that are seeking great deals in Ontario should consider looking at properties for sale in Owen Sound. The average price of a home in Owen Sound was $229,900 in 2016, while the national average was over $550,000. There are also more listings in Owen Sound than 84% of the other communities in Ontario. You shouldn't have any troubles finding a great deal on a new home in or near the city limits.
Nevertheless, you still need to do your due diligence while looking for a home. Here are some tips for people looking in the Owen Sound area.
You will have an easier time finding a property in Owen Sound than most other parts of Ontario. However, you don't want to limit your search too much. Nearly 65% of private homes for sale in Owen Sound are single-detached houses. You may have trouble finding a property if you have something else in mind.
Grey County and Bruce County have some of the best beaches in Ontario. Some of them can be found in Owen Sound. While you may dream of living in a beautiful beachfront property, you will usually have to pay more for that privilege.
If you have a tight budget, you should buy a property closer to the centre of the city. You will probably get a better price and will still be close enough to visit those beaches anytime you want.
This doesn't mean that you can't look for properties on the beach. There are sometimes great deals. One recent beachfront property in Owen Sound was listed for $174,900, which is nearly 25% lower than the average within the city itself. However, you will generally need to pay a premium. Feel free to look at listings of beachfront properties but you may want to consider looking for properties that are more inland if they look too expensive.
Unless you need to move out of your home as quickly as possible, you may want to consider waiting until the winter to find that perfect property. Mark Di Vincenzo, best-selling author of Buy Ketchup in May and Fly at Noon has found that people that list their properties during the winter tend to be more eager to sell them and for cheapier prices, so buyers will get the best deals.
The average Canadian homebuyer can save about $60,000 if they buy a property during the winter months. Your savings will be a bit lower in Owen Sound, because the average asking price is already about half the national average. However, you could still save at least $15,000 to $20,000 if you close on a property between late November and mid-February.
The downside of buying a property during the winter is that you will need to endure the lousy weather. The average temperature is around -5 celsius between January and February. This isn't the most pleasant time to look for a house but it can be worth if you are looking to cut your costs.
Economic analysts have stated that the Owen Sound market is growing more rapidly. The only downside to this news is that it means prices are likely to rise in the future. You may only have a small window of opportunity to get a great deal before prices surge, so it is a good idea to start looking now.