Why are People Complaining About the Toronto Market
Why people are complaining about the Toronto and Greater Toronto market?
Homes in Markham, Vaughan, and Toronto are selling and in some cases we are generating multiple offers. The reason why some homes are sitting on the market is because they are either in poor condition, in a less then desirable location or most importantly for this market, not priced right.
I do agree that we have had a 22 percent drop in sales due to the high inventory, but the average sales price is still up by 6 percent! That's a lot!
I have included an Excerpt from the August 2010 Market Watch:
The average price for August transactions was $411,012 – UP SIX PERCENT compared to the average of $387,921 reported in August 2009.
Price it Right People!
For More Market Info http://www.akteam.ca/toronto-market-information
Posted by William Karnasiotis
on September 29, 2010