Downtown Peterborough Gets New Real Estate Office in Grand Opening

Forest Hill Real Estate Inc. Brokerage has found a new home in downtown Peterborough as they had the grand opening of its new office on Thursday.

Managing partners Keith Monahan (left) and Traci Tempany (middle) of Forest Hill Real Estate Inc. Brokerage with Terry Guiel, Executive Director of the Peterborough Downtown Business Improvement Area (right). The office took five months of construction before the grand opening. Photo by David Tuan Bui.

The brokerage is fronted by Keith Monahan, Forest Hill sales representative and his wife Traci Tempany, broker. The property was purchased back in May and underwent renovations leading to its opening.

“Tracy is so detailed-oriented. I got to be honest, it drove me nuts because she would be fussy to what I would consider it the simpler of details," explained Monahan. "But then when I see those details come to fruition, I go, 'wow.’”

The brokerage serves Toronto, Oakville, the Muskokas and Peterborough area. Monahan was born and raised in Peterborough and is eager to service his hometown.

“A client is not a client, it's an opportunity to be a friend down the road,” he explained. “When we work with people, it's for life. As corny as that sounds, that's truly how it works. To be able to work with people that we've known and grew up with, it means so much more than just running up and down Bay Street in Toronto.”

Monahan has been a broker since 2006 working with Tempany since then.

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Average Monthy Home Price In Peterborough Hits A Record $814,495 In January

The average monthly home price in the City of Peterborough surpassed $800,000 in January, for the first time ever.

Stock Photo.

The average price of homes sold in January $814,495 which is up 21.9 per cent from January 2021.

The Peterborough and the Kawarthas Association of Realtors reported that 80 homes were sold in January 2022, down 20 per cent from January 2021.

There were 120 new residential listings in January which is the lowest number of new listings added in the month of January in more than 35 years, the association reported.

The association also reported that the 78 active listings left at the end of the month were down 22.8 per cent from a year ago and the lowest in more than two decades.

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