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September 16, 2011: Real estate sales in Toronto have been busy in July and August, quite unlike last summer, when sales in August in the central districts were particularly sluggish.
Typically real estate sales are expected to speed up in September, and the media are quick to point out that this year's September sales are not as good as everyone has hoped. The following table shows the sales of freehold homes in Toronto in July, August and first half of September, compared to new listings taken in the same periods. Is Toronto real estate market slowing?
January 6, 2012: Our yearly Toronto Housing Price Trend graph is now updated to include real estate sales in 2011.
We hoped that an increase in real estate listings in the spring of last year would sustain balanced market conditions and result in 2011 price increases in a moderate five percent range. These hopes did not materialize, as real estate inventory remained low, below the pre-recession norm. Low inventory resulted in tight market conditions and competition between buyers. Average prices increased by eight percent comparing to 2010, four percent more homes, condos, townhouses and lofts were sold, and that number would have been higher if not for the tight supply of listings.
January 6, 2012, Toronto Real Estate Market Conditions: At the beginning of 2011 the real estate professionals in Toronto were predicting a slow-down in property sales and moderate house price increases. Jason Mercer, TREB’s Senior Manager of Market Analysis, said at the beginning of February: “The average selling price is expected to grow at a moderate pace in 2011. Growth rates in the three to five per cent range will be sustainable from an affordability perspective”.
It did look like the Toronto real estate sales were slowing. Active listings in January were slightly higher compared with a year earlier, and sales were 13% lower. But new listings were coming in slowly - 10% fewer in January, 9% fewer in February, and by March the number of active listings was lower, compared with the previous year, by 11%. 19% fewer properties were listed in March, and the average price was up five percent year-over-year.
August 6, 2011: Deer Park neighbourhood is centered around a busy upscale shopping, entertainment and business district of Yonge Street and St. Clair Avenue. Bordered on the east by the Rosehill Reservoir Park, the David A. Balfour Park, a lush wilderness of the Vale of Avoca ravine and majestic trees of Mount Pleasant Cemetery, on the north by the Oriole Park and the grounds of Upper Canada College, Deer Park enjoys an excellent balance of nature and city life.
Deer Park condos and co-ops: Thirty five condominium, co-operative and co-ownership buildings are located in Deer Park / St. Clair - Yonge neighbourhood, as well as a number of condominium townhouses. In some of these buildings rarely any suite comes up for sale.
January 3, 2011: Statistics on home sales in prime Riverdale last year were influenced by a number of low-priced small townhouses. The sales were lower in numbers compared to last year, the prices were generally higher, with some exceptions when more smaller townhomes became available, and the time required to sell a home was similar to 2009 with an exception of February and August, which were particularly slow.
In September the average number of days on the market was 11, but that value was skewed by one sale. A large detached home was originally listed in early July with a list price of $1,800,000. After 82 days, and after the asking price was finally reduced in September to $1,590,000, it was finally sold for $1,500,000. The average price in September was somewhat distorted by that sale, although four listings out of eleven sold over one million.
August 7, 2011: High Park North is located north of Bloor Street West, with the east boundary on Dundas Street West; north boundary on Humberside Avenue between Dundas and High Park Avenue, and then on Annette Street up to Runnymede Avenue; and west boundary on Runnymede.
Real estate sales in High Park North neighbourhood in 2011, as well as they did in 2010, follow the seasonal cycle. Number of sold homes, low in January and Februaryincreased to a maximum in April - May, and then went down in the summer, mostly due to a lack of inventory.
How to sell your home for the highest price possible?
Preparing your home for sale: getting rid of clutter
Your home may be your biggest asset. When the time comes to sell your home, it is very important to plan this event carefully, choose optimal timing, pricing
The most important time for dealing with clutter is when we intend to list our homes for sale. A cluttered home looks and feels smaller, and does not show its best. The prospective buyer will not appreciate
Toronto Home Buyers - Answers To Some Common Questions
Under the CREA deal, ratified by a 97% vote, REALTORS® can offer individual real estate services, such as listing a property on MLS system, in isolation and at a set fee.
If you are looking for a great deal on real estate, you may have some of these Toronto home buyers questions. Every day you can find hundreds of houses that have been put up for sale in Toronto
Staging is a system of arranging home furnishings to create a welcoming atmosphere and a positive impact from the first moment a prospective buyer enters the door.
Staging is not a new concept. It has been used for years in other areas of business. Store windows, meals in a good restaurant, photos in magazines, they all are staged to achieve the same goal - a great first impression.