Style4Living: Real Estate FYI
Thursday, January 12th, 2012
Real estate sales across the GTA for December 2011 totalled 4,718 transactions, making 2011 the second-best year on record according to the Toronto Real Estate Board. Total sales for the year amounted to 89,347 – a four percent increase compared to 2010. The average sale price in December was $451,436 – increasing four percent from 2010 – while the average selling price for the entire year was $465,412 – an eight percent increase overall.
The strong sales we saw last year were due in large part to low borrowing costs keeping buyers confident in their ability to purchase. That being said, tight market conditions were present which created ongoing competition among buyers. If there hadn’t been a shortage of listings over the past 12 months, it’s possible we would have seen a new sales record in the Greater Toronto Area.
Now that the holidays are over and 2012 is here the market is about to pick up yet again! If you or someone you know is thinking of buying a home in 2012 make sure to get in touch with the Style 4 Living Team today. If you’re thinking about selling, the market is in need of more properties for all the buyers who are out there looking! For exceptional, trustworthy and well-educated service – contact myself or Stephanie Cluett at 416-690-2181 or visit our website www.style4living.com.
Tags: ajax, apartment, areas, beach, brampton, buy, buyer, buying, canada, canadian, cliffside, cluett, condo, condominium, downtown, durham, east york, etobicoke, facebook, google, gta, harbourfront, home, house, jessica vaughan, leeside, market, market update, markham, Milton, Mississauga, mls, newmarket, north york, on, online, ontario, oshawa, pickering, real estate, region, richmond hill, rigion, scarborough, sell, seller, selling, stephanie cluett, style 4 living, style4living, Toronto, twitter, update, vaughan, view, waterfront, york
Posted in Real Estate FYI | No Comments »
Thursday, December 8th, 2011
The healthy fall market continued throughout November this year – home sales were up 10% compared to November 2010 for a total of 7,092 transactions. During this period the number of new listings was up 14% from last year as well. The strong sales growth last month was seen across both low-rise and high-rise home types. The average price for November sales was $480,421, almost a 10% increase from November 2010. It’s predicted that prices will continue to rise in 2012 but hopefully at a more moderate pace. Luckily, we saw more balanced conditions last month due to the fact that the market was better supplied, and we hope to see more of this 2012.
Now that the Holiday season is upon us the market has a tendency to slow down. It’s a great time for buyers to get out there when there aren’t as many people looking to avoid getting stuck in multiple offer scenarios that are likely to occur in the New Year. The market is also lacking inventory so if you’re thinking of selling there’s no need to wait until 2012 – homes are still selling within a few days on the market and for great value. Get in touch with the Style 4 Living Team today to set up a free consultation on either buying or selling your home!
Tags: 2011, agent, beaches, brampton, buy, buying, canada, city, cliffside, condo, condominium, december, downtown, durham, east york, for sale, greater toronto area, gta, home, house, interested, lease, leaside, looking, market, mortgage, new, north york, november, online, ontario, oshawa, pickering, purchase, real estate, real estate market, realtor, rent, royal lepage, scarborough, sell, selling, Toronto, twitter, update, waterfront, whitby
Posted in Real Estate FYI | No Comments »
Friday, November 11th, 2011
October homes sales across the GTA remained very strong this year with a total of 7,642 sales recorded – up 17.5% compared to October 2010. The average sale price also increased from October last year by 8% to $478,137.
Although we’re still seeing a sellers’ market in many GTA neighbhourhoods, buyers who were having difficulty finding something to buy in the spring and the summer had better luck last month due to and increased supply of listings. Jason Mercer, TREB’s Senior Manager of Market Analysis predicts a strong finish to 2011 as low interest rates continue to enable a positive affordability picture across the GTA.
If you’re a first time buyer or if you’re thinking of making your next move in the real estate market it’s time to get in touch with us! Whether you’re on the listing or buying side of things, we provide excellent service. We’re here to help you find your Style 4 Living so get in touch with us today to set up a free consultation.
Tags: 2011, 401, ajax, autumn, average, beaches, brampton, buy, buyer, buying, canada, cliffside, commission, condo, consultation, downtown, durham, dvp, east york, facebook, fall, for sale, for your information, fyi, google, greater toronto area, gta, guildwood, home, homes, house, leslieville, listing, location, malvern, market, market update, markham, Milton, Mississauga, mortgage, new, north york, november, october, online, oshawa, pickering, real estate, richmond hill, rob ford, sale, scarborough, sell, selling, stephanie clueets, stephanie cluett, stephanie cluetts, style 4 living, style4living, Toronto, twitter, twitterf, update, vaughan, waterfront, whitby, winter
Posted in Real Estate FYI | No Comments »
Wednesday, October 12th, 2011
The September market this year surpassed September 2010 sales by 25%! There were a total of 7,658 transactions bringing the first three quarters of 2011 to a total of 70,588 – a 2.6% increase over the first nine months in 2010.
We have had a much more active summer than last year; however, we are still experiencing a shortage of listings resulting in continuous competition between home buyers. Now that fall has officially arrived the listing situation is starting to improve so it is expected that home buyers will have more options to choose from in the upcoming months. That being said, annual growth in sales for September was 25%, where annual growth in new listings was only 15% – so market conditions remained fairly tight last month.
Low interest rates and rising incomes continue to play a large role in housing affordability across the GTA. If you are thinking of getting into the real estate market or making your next move contact the Style 4 Living Team today for your free consultation!
Tags: 2011, agent, ajax, beaches, brampton, buy, buyer, considering, downtown, durham, east york, fall, greater toronto area, gta, homes, houses, looking, market, markham, Milton, Mississauga, new, north york, oshawa, peel, pickering, prospect, purchase, real estate, real estate agent, realtor, richmond hill, royal lepage, sale, scarborough, sell, seller, september, stephanie cluett, style4living, top, Toronto, update, vaughan, whitby, york
Posted in General News, Real Estate FYI | No Comments »
