by Andrew Redden
As reported by Moose FM recently, the Bancroft and Area Association of Realtors reports that 81 properties were sold in May, 2017 which is close to the record set in July, 2003. The average sale price of a home in the Bancroft area was just over $270,000 this May which is almost a 23% year-over-year increase.
We are wanting to stay on top of this and would like to know if these buyers are an influx of new people and retirees, or is it inflation from people escaping the high prices of the Muskoka and Haliburton areas? Either way, it's a neat sign to see the number of sales go up and if this happens regularly it could represent some success in efforts to attract people and new money to our area.