The September market shows signs of a more balanced market. A total of 6,424 sales took place in September 2008.
Sales of single family dwellings in September, were down about six per cent from the 6,866 sales recorded during September of last year, said Toronto Real Estate Board President Maureen O'Neill. However, the 6,424 sales reported for September 2008 is down just three per cent from the 6,622 figure recorded in September 2006. To keep in perspective, September 2007's 6,866 sales was the second best figure ever recorded for that month.
So how many of those sales took place in the Northern districts? A total of 1,220 sales were reported in 23 Northern districts; and averaged a selling price of $407,424.
Here's a look at the September 2008 statistics for King:
Sales:15
$Volume: $10,596,000
Average Home Price: $706,400
Average Days on Market: 60
Average List %: 96
Click the links below to see a brief September 2008 for:
Bradford
Innisfil
East Gwillimbury
Keswick/Georgina
Aurora
Newmarket
BACK TO ... WWW.THEDREAMHOMESYSTEM.COM
October 16, 2008
Toronto Real Estate Board Housing Prices Summary- Keswick/Georgina September 2008
The September market shows signs of a more balanced market. A total of 6,424 sales took place in September 2008.
Sales of single family dwellings in September, were down about six per cent from the 6,866 sales recorded during September of last year, said Toronto Real Estate Board President Maureen O'Neill. However, the 6,424 sales reported for September 2008 is down just three per cent from the 6,622 figure recorded in September 2006. To keep in perspective, September 2007's 6,866 sales was the second best figure ever recorded for that month.
So how many of those sales took place in the Northern districts? A total of 1,220 sales were reported in 23 Northern districts; and averaged a selling price of $407,424.
Here's a look at the September 2008 statistics for Keswick/Georgina:
Sales: 73
$Volume: $20,070,800
Average Home Price: $274,942
Average Days on Market: 49
Average List %: 96
Click the links below to see a brief September 2008 summary for:
Bradford
Innisfil
East Gwillimbury
Aurora
Newmarket
King
BACK TO ... WWW.THEDREAMHOMESYSTEM.COM
Sales of single family dwellings in September, were down about six per cent from the 6,866 sales recorded during September of last year, said Toronto Real Estate Board President Maureen O'Neill. However, the 6,424 sales reported for September 2008 is down just three per cent from the 6,622 figure recorded in September 2006. To keep in perspective, September 2007's 6,866 sales was the second best figure ever recorded for that month.
So how many of those sales took place in the Northern districts? A total of 1,220 sales were reported in 23 Northern districts; and averaged a selling price of $407,424.
Here's a look at the September 2008 statistics for Keswick/Georgina:
Sales: 73
$Volume: $20,070,800
Average Home Price: $274,942
Average Days on Market: 49
Average List %: 96
Click the links below to see a brief September 2008 summary for:
Bradford
Innisfil
East Gwillimbury
Aurora
Newmarket
King
BACK TO ... WWW.THEDREAMHOMESYSTEM.COM
Toronto Real Estate Board Housing Prices Summary- Innisfil September 2008
The September market shows signs of a more balanced market. A total of 6,424 sales took place in September 2008.
Sales of single family dwellings in September, were down about six per cent from the 6,866 sales recorded during September of last year, said Toronto Real Estate Board President Maureen O'Neill. However, the 6,424 sales reported for September 2008 is down just three per cent from the 6,622 figure recorded in September 2006. To keep in perspective, September 2007's 6,866 sales was the second best figure ever recorded for that month.
So how many of those sales took place in the Northern districts? A total of 1,220 sales were reported in 23 Northern districts; and averaged a selling price of $407,424.
Here's a look at the September 2008 statistics for Innisfil:
Sales: 22
$Volume: $5,661,000
Average Home Price: $257,318
Average Days on Market: 59
Average List %: 96
Click the links below to see a brief September 2008 summary for:
Bradford
East Gwillimbury
Aurora
Newmarket
King
BACK TO ... WWW.THEDREAMHOMESYSTEM.COM
Sales of single family dwellings in September, were down about six per cent from the 6,866 sales recorded during September of last year, said Toronto Real Estate Board President Maureen O'Neill. However, the 6,424 sales reported for September 2008 is down just three per cent from the 6,622 figure recorded in September 2006. To keep in perspective, September 2007's 6,866 sales was the second best figure ever recorded for that month.
So how many of those sales took place in the Northern districts? A total of 1,220 sales were reported in 23 Northern districts; and averaged a selling price of $407,424.
Here's a look at the September 2008 statistics for Innisfil:
Sales: 22
$Volume: $5,661,000
Average Home Price: $257,318
Average Days on Market: 59
Average List %: 96
Click the links below to see a brief September 2008 summary for:
Bradford
East Gwillimbury
Aurora
Newmarket
King
BACK TO ... WWW.THEDREAMHOMESYSTEM.COM
Toronto Real Estate Board Housing Prices Summary- East Gwillimbury September 2008
The September market shows signs of a more balanced market. A total of 6,424 sales took place in September 2008.
Sales of single family dwellings in September, were down about six per cent from the 6,866 sales recorded during September of last year, said Toronto Real Estate Board President Maureen O'Neill. However, the 6,424 sales reported for September 2008 is down just three per cent from the 6,622 figure recorded in September 2006. To keep in perspective, September 2007's 6,866 sales was the second best figure ever recorded for that month.
So how many of those sales took place in the Northern districts? A total of 1,220 sales were reported in 23 Northern districts; and averaged a selling price of $407,424.
Here's a look at the September 2008 statistics for East Gwillimbury:
Sales: 20
$Volume: $7,220,800
Average Home Price: $361,040
Average Days on Market: 59
Average List %: 96
Click the links below to see a brief September 2008 summary for:
Bradford
Innisfil
Aurora
Newmarket
King
BACK TO ... WWW.THEDREAMHOMESYSTEM.COM
Sales of single family dwellings in September, were down about six per cent from the 6,866 sales recorded during September of last year, said Toronto Real Estate Board President Maureen O'Neill. However, the 6,424 sales reported for September 2008 is down just three per cent from the 6,622 figure recorded in September 2006. To keep in perspective, September 2007's 6,866 sales was the second best figure ever recorded for that month.
So how many of those sales took place in the Northern districts? A total of 1,220 sales were reported in 23 Northern districts; and averaged a selling price of $407,424.
Here's a look at the September 2008 statistics for East Gwillimbury:
Sales: 20
$Volume: $7,220,800
Average Home Price: $361,040
Average Days on Market: 59
Average List %: 96
Click the links below to see a brief September 2008 summary for:
Bradford
Innisfil
Aurora
Newmarket
King
BACK TO ... WWW.THEDREAMHOMESYSTEM.COM
Toronto Real Estate Board Housing Prices Summary- Bradford September 2008
The September market shows signs of a more balanced market. A total of 6,424 sales took place in September 2008.
Sales of single family dwellings in September, were down about six per cent from the 6,866 sales recorded during September of last year, said Toronto Real Estate Board President Maureen O'Neill. However, the 6,424 sales reported for September 2008 is down just three per cent from the 6,622 figure recorded in September 2006. To keep in perspective, September 2007's 6,866 sales was the second best figure ever recorded for that month.
So how many of those sales took place in the Northern districts? A total of 1,220 sales were reported in 23 Northern districts; and averaged a selling price of $407,424.
Here's a look at the September 2008 statistics for Bradford:
Sales: 32
$Volume: $9,725,805
Average Home Price: $303,931
Average Days on Market: 49
Average List %: 97
Click the links below to see a brief September 2008 for:
Innisfil
East Gwillimbury
Aurora
Newmarket
King
BACK TO ... WWW.THEDREAMHOMESYSTEM.COM
Sales of single family dwellings in September, were down about six per cent from the 6,866 sales recorded during September of last year, said Toronto Real Estate Board President Maureen O'Neill. However, the 6,424 sales reported for September 2008 is down just three per cent from the 6,622 figure recorded in September 2006. To keep in perspective, September 2007's 6,866 sales was the second best figure ever recorded for that month.
So how many of those sales took place in the Northern districts? A total of 1,220 sales were reported in 23 Northern districts; and averaged a selling price of $407,424.
Here's a look at the September 2008 statistics for Bradford:
Sales: 32
$Volume: $9,725,805
Average Home Price: $303,931
Average Days on Market: 49
Average List %: 97
Click the links below to see a brief September 2008 for:
Innisfil
East Gwillimbury
Aurora
Newmarket
King
BACK TO ... WWW.THEDREAMHOMESYSTEM.COM
Toronto Real Estate Board Housing Prices Summary- Aurora September 2008
The September market shows signs of a more balanced market. A total of 6,424 sales took place in September 2008.
Sales of single family dwellings in September, were down about six per cent from the 6,866 sales recorded during September of last year, said Toronto Real Estate Board President Maureen O'Neill. However, the 6,424 sales reported for September 2008 is down just three per cent from the 6,622 figure recorded in September 2006. To keep in perspective, September 2007's 6,866 sales was the second best figure ever recorded for that month.
So how many of those sales took place in the Northern districts? A total of 1,220 sales were reported in 23 Northern districts; and averaged a selling price of $407,424.
Here's a look at the September 2008 statistics for Aurora:
Sales: 57
$Volume: $23,618,900
Average Home Price: $414,367
Average Days on Market: 42
Average List %: 97
Click the links below to see a brief September 2008 summary for:
Bradford
Innisfil
East Gwillimbury
Keswick/Georgina
King
Newmarket
BACK TO ... WWW.THEDREAMHOMESYSTEM.COM
Sales of single family dwellings in September, were down about six per cent from the 6,866 sales recorded during September of last year, said Toronto Real Estate Board President Maureen O'Neill. However, the 6,424 sales reported for September 2008 is down just three per cent from the 6,622 figure recorded in September 2006. To keep in perspective, September 2007's 6,866 sales was the second best figure ever recorded for that month.
So how many of those sales took place in the Northern districts? A total of 1,220 sales were reported in 23 Northern districts; and averaged a selling price of $407,424.
Here's a look at the September 2008 statistics for Aurora:
Sales: 57
$Volume: $23,618,900
Average Home Price: $414,367
Average Days on Market: 42
Average List %: 97
Click the links below to see a brief September 2008 summary for:
Bradford
Innisfil
East Gwillimbury
Keswick/Georgina
King
Newmarket
BACK TO ... WWW.THEDREAMHOMESYSTEM.COM
October 2, 2008
New Listing: Great, Detached Family Home in Newmarket
Great Opportunity to own a detached, 4 bedroom, 3 bathroom home centrally located in Newmarket, ON.
Main Floor features:
- Updated windows, furnace, roof and driveway.
- Eat-in-Kitchen with walkout to large deck overlooking yard and greenbelt. No neighbours are in the back which provides a tremendous view and relaxing environment.
- Laminate flooring in Living, Dining and Family Rooms.
- Fireplace in Family Room.
- Laundry and powder room located on main floor.
- New berber carpet on stairs and throughout entire upper level of the home.
- Master bedroom with Walk-in Closet and 3 piece Ensuite.
- Linen Closet and bathroom on upper level.
- Spacious basement with above ground windows.
- Fenced backyard.
- Double Door Garage.
BACK TO ... WWW.THEDREAMHOMESYSTEM.COM
September 29, 2008
Luxury home sales remain steady across the country
Luxury home sales have outperformed virtually all other residential price points this year, but activity in the top-end is expected to taper in most major Canadian centres in coming months, according to a recent report released by RE/MAX.
The RE/MAX Upper-End Report, which highlights trends and developments in 15 housing markets across the country for the first seven months of 2008 found Vancouver, Victoria, Regina, Saskatoon, Winnipeg, London, Kitchener-Waterloo, Ottawa, Halifax-Dartmouth, and St.John's all experienced an upswing in sales activity, while declines were noted in Kelowna, Calgary, Edmonton, Hamilton-Burlington and Toronto. Also significant is in all but two markets, percentage increases in sales were greatest in the upper-end when compared to the overall residential marketplace in 2008.
"Given the transition occuring in most residential real estate markets, upper-end sales remain exceptionally strong," says Michael Polzler, Executive Vice President and Regional Director, RE/MAX Ontario-Atlantic Canada. "The market for luxury homes is usually the first to show pressure cracks, but the reverse is actually true this year, with pent-up demand (due to trade-up activity), less speculation, and job transfers all factors contributing to stability in this segment. Click here to read the full report.
BACK TO ... WWW.THEDREAMHOMESYSTEM.COM
The RE/MAX Upper-End Report, which highlights trends and developments in 15 housing markets across the country for the first seven months of 2008 found Vancouver, Victoria, Regina, Saskatoon, Winnipeg, London, Kitchener-Waterloo, Ottawa, Halifax-Dartmouth, and St.John's all experienced an upswing in sales activity, while declines were noted in Kelowna, Calgary, Edmonton, Hamilton-Burlington and Toronto. Also significant is in all but two markets, percentage increases in sales were greatest in the upper-end when compared to the overall residential marketplace in 2008.
"Given the transition occuring in most residential real estate markets, upper-end sales remain exceptionally strong," says Michael Polzler, Executive Vice President and Regional Director, RE/MAX Ontario-Atlantic Canada. "The market for luxury homes is usually the first to show pressure cracks, but the reverse is actually true this year, with pent-up demand (due to trade-up activity), less speculation, and job transfers all factors contributing to stability in this segment. Click here to read the full report.
BACK TO ... WWW.THEDREAMHOMESYSTEM.COM
September 22, 2008
New survey finds that investing in home renovations is key to competitive market
A new survey by RE/MAX Ontario-Atlantic Canada found that a significant number of Ontario homeowners are investing in renovations before listing their homes for sale.
The RE/MAX Survey of Home Buying and Selling Trends in Ontario found that 79 per cent of sellers said they made improvements to their homes two years prior to listing. The survey found that home sellers are spending on average, $21,000 in renovations; the most popular of which are updated kitchen cabinetry,
The RE/MAX Survey of Home Buying and Selling Trends in Ontario found that 79 per cent of sellers said they made improvements to their homes two years prior to listing. The survey found that home sellers are spending on average, $21,000 in renovations; the most popular of which are updated kitchen cabinetry,
- hardwood flooring,
- new windows,
- an open concept; and
- a finished basement.
Balanced market conditions in the GTA
House sales in the Greater Toronto Area decreased during the first half of September, according to the Toronto Real Estate Board. They're down 16 per cent compared to the same period in 2007. While in the 905 region, sales are down 11 per cent.
However, there's no need for anyone to panic about the market. With all of the media reports about the housing crises in the U.S. many Canadians are worried about the real estate market here at home. The reality is that homes are simply taking a little bit longer to sell, but they're still selling! While, it may not be a buyer's market just yet, it's fair to say that the field has leveled.
Home buyers have more options available to them when searching for a home, whereas a year or two ago most home buyers had to buy a house that came on the market immediately because of bidding wars and the potential to lose their dream home.
Real estate definitely has cycles, and a balanced market isn't one to be concerned about. If you're considering putting your home on the market I'd be more than happy to sit down with you and discuss your options in today's market.
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