Home owners are caught up in a speculation trend. For lack of a better word, the future speculations of this town has played this towns market like a fiddle. One day Hudson Bay to be the next little Fort Mac, the next day nothing is moving, nothing is happening.
In the mind of the seller: If I sell today for this I will miss the great boom which is SUPPOSE to happen, if I sell to cheap I will regret what I could have gotten for my property when it does happen if it does.
Looking at things Realistacally, if you need to sell today then put a fair market value on the property and if you want to buy then offer the fair market value. Not that hard is it .
If it was only that easy you wouldn't need an agent. Hopefully with local agents who know the market as well as the properties we can get these buyers and sellers to meet on an appropriate price.
Two things are for certain, it cost a certain amount to build and land will always be a good investment. Just how much is it worth to you as a seller and a buyer is the question?