TORONTO, November 3, 2012 – Greater Toronto Area REALTORS® reported 6,896 transactions through the TorontoMLS system in October 2012 – a decrease of 7.1 per cent compared to October 2011. There were two more business days in October 2012 versus October 2011. On a per business day basis, transactions were down by 15.6 per cent.*
“Sales have decreased in the second half ...
Here's the latest Stouffville Real Estate Market totals for May 2012.
Total Sales: 89
Dollar Volume: $60,455,827
Average Price: $679,279
Median Price: $550,000
New Listings: 184
Sales to New-Listings Ratio: 58.6%
Active Listings: 244
Months of Inventory: 2.9 (If no new listings came on the market. For trend tracking).
Average Selling Price to Asking ...
Strong Sales and Price Growth in May June 5, 2012 -- Greater Toronto REALTORS® reported 10,850 transactions through the TorontoMLS system in May 2012 – an 11 per cent increase over the 9,766 sales in May 2011. Sales growth was strongest in the ‘905’ regions surrounding the City of Toronto.
“Sales growth in the ‘905’ area code was stronger than growth in the ...
Stouffville Real Estate Market Totals for April 2012
Here's the latest Stouffville Real Estate Market totals for April 2012. We're off to a great start!
Total Sales: 78
Dollar Volume: $45,485,699
Average Price: $583,150
Median Price: $527,000
New Listings: 163
Sales to New-Listings Ratio: 59.6%
Active Listings: 221
Months of Inventory: 2.9 (If no new listings ...
Market Remains Tight with Sales Up in April
May 3, 2012 -- Greater Toronto REALTORS® reported 10,350 transactions through the TorontoMLS system in April 2012. This level of sales was 18 per cent higher than the 8,778 firm deals reported in April 2011. The strongest sales growth was reported in the single-detached market segment, with transactions of this home type up by 22 per cent compared ...
Here's the latest Stouffville Real Estate Market totals for January 2012. We're off to a great start!
Total Sales: 36
Dollar Volume: $20,524,738
Average Price: $570,132
Median Price: $475,625
New Listings: 73
Sales to New-Listings Ratio: 58.1%
Active Listings: 128
Months of Inventory: 3.1 (If no new listings came on the market. For trend tracking).
Average Selling ...
TREB has put together 9 charts that easily and clearly display our real estate market conditions of past and present. Spending a few minutes studying these charts can answer almost any question you may have concerning the market, such as:
What months / years had the most sales?
What months typically have the most new/active listings?
What did the sales-to-new-listings ratio ...
Healthy Fall Market Continues in November December 6, 2011
Greater Toronto REALTORS® reported 7,092 residential transactions through the TorontoMLS® system in November – up 11 per cent in comparison to November 2010. At the same time, the number of new listings was up by 14 per cent in comparison to last year.
“We have seen strong annual sales growth through the ...
Here's a nice piece from Inman News on our market for the 2nd quarter 2011. It's nice - mostly because I had the opportunity to contribute to the piece!
TORONTO, October 5, 2011 -- Greater Toronto REALTORS® reported 7,658 transactions through the TorontoMLS® system in September – a 25 per cent increase over September 2010.
Sales during the first three quarters of 2011 amounted to 70,588, representing a 2.6 per cent increase compared to the first nine months of 2010. “We have experienced strong growth in sales so far this ...
Strong August Home Sales in the GTA
September 7, 2011 -- Greater Toronto REALTORS® reported 7,542 sales through the TorontoMLS® system in August - a 24 per cent increase over 6,083 sales in August 2010. New listings, at 12,509, were up by 20 per cent compared to August 2010. Market conditions remained tight as sales growth outstripped growth in new listings.
"Home sales ...
TorontoMLS® Sales and Average Price Up in June
July 6, 2011 -- Greater Toronto REALTORS® reported 10,230 home sales through the TorontoMLS® system in June 2011 – up 21 per cent compared to June 2010. This number represented the third best June result on record behind 2007 and 2009. The number of transactions during the first six months of 2011 amounted to 48,189 – down by ...
TORONTO, June 3, 2011 – Greater Toronto REALTORS® reported 10,046 sales in May 2011 – up six per cent compared to May 2010. This result was the second best on record for May under the current Toronto Real Estate Board service area. The number of new listings in May, at 16,076, was down 15 per cent compared to last year.
“Positive economic news and low borrowing costs led to ...
TORONTO, May 4, 2011 -- Greater Toronto REALTORS® have released the results of public opinion research on various municipal issues including satisfaction with Toronto Mayor Rob Ford and the direction of Toronto City Council, the Toronto Land Transfer Tax, the City of Toronto’s budget, and GTA municipal services.
The poll was conducted by Ipsos Public Affairs for the Toronto Real Estate ...
TD releases their latest on the economy. Here are the highlights for Canada.
• The Federal Conservative Party finally secured a majority government in Monday’s election. They plan to pass the budget they tabled back in March. This was a non-event for markets, as the budget details have already been baked into the economic outlook.
• Commodities took a major hit this week, ...
Here's what's happening in Stouffville, districts N12 & N13, for April 2011, according to the Toronto Real Estate Board's Market Watch Statistics:
Active Listings: 135
New Listings this month: 116
Average Sold Price: $456,543
Median Sold Price: $392,050
Average Days On Market (for sold properties): 20
Average % of asking price to sold price: 99%
Tight Market Results in Strong Price Growth in April
May 4, 2011 -- Greater Toronto REALTORS® reported 9,041 existing home sales through the TorontoMLS® system in April 2011. This result was down 17 per cent compared April 2010 when sales spiked to a new record of 10,898. While off last year's record result, April 2011 sales were in line with the average April sales level reported over the ...
Many sellers ask my opinion on whether they should sell their current house first, or buy their next house before selling their current home. Selling and buying a home is the largest transaction most people will ever make. Doing it right is crucial - not only to your health, but your financial health & personal satisfaction. The answer to this really depends on your financial situation, ...
I’ve broken down all the neighborhoods for Scarborough and what MLS District each neighborhood resides in.
The sole purpose of the article is to help you find neighborhoods within the Scarborough, when you’re not sure which MLS district they are in. It also helps when you’re interested in a home in a certain MLS district, and need to know what neighborhood it may be in.
Having attended and watched hundreds of home inspections, I’ve had the opportunity to see the good, the bad, and the ugly ones.
Some inspectors really know their stuff, and can catch problems in a house the average person wouldn’t. Others don’t know what their doing, but somehow seem to get by on a good personality and sense of humour. Some think they aren’t doing their ...
Everyone’s seen it before. A house appears on the market for an incredibly low price, and piles of offers are placed on the home within hours, and a bidding war ensues. Some realtors feel this is the best way to get top dollar for their seller. If the realtor knows what he or she is doing, many times it works too. However you’ve got to consider the pro’s and con’s to this ...
I always find it amazing how the general public still hasn’t grasped what buyer representation is. Perhaps this is because it’s not been around anywhere near as long as some other forms of representation. Perhaps it’s also our fault. Maybe our board needs to get the word out better than they have. I also believe it’s up to us realtors to inform you. This topic really is huge, ...
This post explains 5 common misconceptions about buyer representation:
1 - If I sign a buyer representation agreement, I’m locked in with this realtor. Why tie myself down? I hardly know this realtor. What if his/her service is not up to my expectations?
Buyer representation agreements are very flexible, and do not have to be written in a way that locks you in with the realtor. For ...
This is another common question I’m asked during the home buyer process. The answer: It really depends.
There are many factors involved in coming up with an asking price. If your realtor does his job properly, he will use a variety of sources to set an asking price for your home. Of course, a realistic seller also helps tremendously. When an unrealistic seller wants to overprice his home, ...
It seems to be a common misconception that only newer or new condominium buildings are good investments. Many people feel that older buildings need too much work, have high maintenance fees, are dated architecturally, and just poor investments. Every time a builder constructs a new condo building, everyone flocks to it, puts down huge down payments, and can’t wait to sign on the dotted line, ...
The Canadian Real Estate Association releases REALTOR.ca mobile application for Apple iPhone
The Canadian Real Estate Association (CREA) today released its REALTOR.ca app for the Apple® iPhone®. REALTOR.ca is the most visited real estate website in Canada, listing on average some 350,000 properties at any time.
“This free application brings Apple iPhone users the features and functionality ...
Interested in what's happening with our friends south of the border? TD Economics released this observation today on the current housing conditions, and what's required to start the recovery.