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Georgetown (Halton Hills) April 2018 Market Statistics

Georgetown (Halton Hills) April 2018 Market Statistics

GTA REALTORS® Release April Stats

May 3, 2018 — Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 7,792 sales through TREB’s MLS® System in April 2018. The average selling price was $804,584. On a year-over-year basis, sales were down by 32.1 per cent and the average selling price was down by 12.4 per cent.

The year-over-year change in the overall average selling price has been impacted by both changes in market conditions as well as changes in the type and price point of homes being purchased. This is especially clear at the higher end of the market. Detached home sales for $2 million or more accounted for 5.5 per cent of total detached sales in April 2018, versus 10 per cent in April 2017. The MLS® Home Price Index strips out the impact of changes in the mix of home sales from one year to the next. This is why the MLS® HPI Composite Benchmark was down by only 5.2 per cent year-over-year versus 12.4 per cent for the average price.

“While average selling prices have not climbed back to last year’s record peak, April’s price level represents a substantial gain over the past decade. Recent polling conducted for TREB by Ipsos tells us that the great majority of buyers are purchasing a home within which to live. This means these buyers are treating home ownership as a long-term investment. A strong and diverse labour market and continued population growth based on immigration should continue to underpin long-term home price appreciation,” said Mr. Syrianos.

“The comparison of this year’s sales and price figures to last year’s record peak masks the fact that market conditions should support moderate increases in home prices as we move through the second half of the year, particularly for condominium apartments and higher density low-rise home types. Once we are past the current policy-based volatility, home owners should expect to see the resumption of a moderate and sustained pace of price growth in line with a strong local economy and steady population growth,” said Jason Mercer, TREB’s Director of Market Analysis.

Posted by Christine Pecharich in Georgetown, Market Reports, 0 comments
Milton March 2018 Market Statistics

Milton March 2018 Market Statistics

Statistics Supplied by the Toronto Real Estate Board:

Market Watch

GTA REALTORS® Release March Stats

April 4, 2018 — Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 7,228 residential transactions through TREB’s MLS® System in March 2018. This result was down by 39.5 per cent compared to a record 11,954 sales reported in March 2017 and down 17.6 per cent relative to average March sales for the previous 10 years.

The number of new listings entered into TREB’s MLS® System totaled 14,866 – a 12.4 per cent decrease compared to March 2017 and a three per cent decrease compared to the average for the previous 10 years.

“TREB stated in its recent Market Outlook report that Q1 sales would be down from the record pace set in Q1 2017,” said Mr. Syrianos. “The effects of the Fair Housing Plan, the new OSFImandated stress test and generally higher borrowing costs have prompted some buyers to put their purchasing decision on hold. Home sales are expected to be up relative to 2017 in the second half of this year.”

The MLS Home Price Index Composite Benchmark was down by 1.5 percent on a year-over-year basis for the TREB market area as a whole. The overall average selling price was down by 14.3 per cent compared to March 2017.

While the change in market conditions certainly played a role, the dip in the average selling price was also compositional in nature. Detached home sales, which generally represent the highest price points in a given area, declined much more than other home types. In addition, the share of high-end detached homes selling for over $2 million in March 2018 was half of what was reported in March 2017, further impacting the average selling price.

“Right now, when we are comparing home prices, we are comparing two starkly different periods of time: last year, when we had less than a month of inventory versus this year with inventory levels ranging between two and three months. It makes sense that we haven’t seen prices climb back to last year’s peak. However, in the second half of the year, expect to see the annual rate of price growth improve compared to Q1, as sales increase relative to the below-average level of listings,” said Jason Mercer, TREB’s Director of Market Analysis.

 

Posted by Christine Pecharich, 1 comment
Oakville March 2018 Market Statistics

Oakville March 2018 Market Statistics

Market Watch

GTA REALTORS® Release March Stats

April 4, 2018 — Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 7,228 residential transactions through TREB’s MLS® System in March 2018. This result was down by 39.5 per cent compared to a record 11,954 sales reported in March 2017 and down 17.6 per cent relative to average March sales for the previous 10 years.

The number of new listings entered into TREB’s MLS® System totaled 14,866 – a 12.4 per cent decrease compared to March 2017 and a three per cent decrease compared to the average for the previous 10 years.

“TREB stated in its recent Market Outlook report that Q1 sales would be down from the record pace set in Q1 2017,” said Mr. Syrianos. “The effects of the Fair Housing Plan, the new OSFImandated stress test and generally higher borrowing costs have prompted some buyers to put their purchasing decision on hold. Home sales are expected to be up relative to 2017 in the second half of this year.”

The MLS Home Price Index Composite Benchmark was down by 1.5 percent on a year-over-year basis for the TREB market area as a whole. The overall average selling price was down by 14.3 per cent compared to March 2017.

While the change in market conditions certainly played a role, the dip in the average selling price was also compositional in nature. Detached home sales, which generally represent the highest price points in a given area, declined much more than other home types. In addition, the share of high-end detached homes selling for over $2 million in March 2018 was half of what was reported in March 2017, further impacting the average selling price.

“Right now, when we are comparing home prices, we are comparing two starkly different periods of time: last year, when we had less than a month of inventory versus this year with inventory levels ranging between two and three months. It makes sense that we haven’t seen prices climb back to last year’s peak. However, in the second half of the year, expect to see the annual rate of price growth improve compared to Q1, as sales increase relative to the below-average level of listings,” said Jason Mercer, TREB’s Director of Market Analysis.

Posted by Christine Pecharich, 0 comments
Burlington March 2018 Market Statistics

Burlington March 2018 Market Statistics

 

Market Watch

GTA REALTORS® Release March Stats

April 4, 2018 — Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 7,228 residential transactions through TREB’s MLS® System in March 2018. This result was down by 39.5 per cent compared to a record 11,954 sales reported in March 2017 and down 17.6 per cent relative to average March sales for the previous 10 years.

The number of new listings entered into TREB’s MLS® System totaled 14,866 – a 12.4 per cent decrease compared to March 2017 and a three per cent decrease compared to the average for the previous 10 years.

“TREB stated in its recent Market Outlook report that Q1 sales would be down from the record pace set in Q1 2017,” said Mr. Syrianos. “The effects of the Fair Housing Plan, the new OSFImandated stress test and generally higher borrowing costs have prompted some buyers to put their purchasing decision on hold. Home sales are expected to be up relative to 2017 in the second half of this year.”

The MLS Home Price Index Composite Benchmark was down by 1.5 percent on a year-over-year basis for the TREB market area as a whole. The overall average selling price was down by 14.3 per cent compared to March 2017.

While the change in market conditions certainly played a role, the dip in the average selling price was also compositional in nature. Detached home sales, which generally represent the highest price points in a given area, declined much more than other home types. In addition, the share of high-end detached homes selling for over $2 million in March 2018 was half of what was reported in March 2017, further impacting the average selling price.

“Right now, when we are comparing home prices, we are comparing two starkly different periods of time: last year, when we had less than a month of inventory versus this year with inventory levels ranging between two and three months. It makes sense that we haven’t seen prices climb back to last year’s peak. However, in the second half of the year, expect to see the annual rate of price growth improve compared to Q1, as sales increase relative to the below-average level of listings,” said Jason Mercer, TREB’s Director of Market Analysis.

Posted by Christine Pecharich, 0 comments
Mississauga March 2018 Market Statistics

Mississauga March 2018 Market Statistics

Market Watch

GTA REALTORS® Release March Stats

April 4, 2018 — Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 7,228 residential transactions through TREB’s MLS® System in March 2018. This result was down by 39.5 per cent compared to a record 11,954 sales reported in March 2017 and down 17.6 per cent relative to average March sales for the previous 10 years.

The number of new listings entered into TREB’s MLS® System totaled 14,866 – a 12.4 per cent decrease compared to March 2017 and a three per cent decrease compared to the average for the previous 10 years.

“TREB stated in its recent Market Outlook report that Q1 sales would be down from the record pace set in Q1 2017,” said Mr. Syrianos. “The effects of the Fair Housing Plan, the new OSFImandated stress test and generally higher borrowing costs have prompted some buyers to put their purchasing decision on hold. Home sales are expected to be up relative to 2017 in the second half of this year.”

The MLS Home Price Index Composite Benchmark was down by 1.5 percent on a year-over-year basis for the TREB market area as a whole. The overall average selling price was down by 14.3 per cent compared to March 2017.

While the change in market conditions certainly played a role, the dip in the average selling price was also compositional in nature. Detached home sales, which generally represent the highest price points in a given area, declined much more than other home types. In addition, the share of high-end detached homes selling for over $2 million in March 2018 was half of what was reported in March 2017, further impacting the average selling price.

“Right now, when we are comparing home prices, we are comparing two starkly different periods of time: last year, when we had less than a month of inventory versus this year with inventory levels ranging between two and three months. It makes sense that we haven’t seen prices climb back to last year’s peak. However, in the second half of the year, expect to see the annual rate of price growth improve compared to Q1, as sales increase relative to the below-average level of listings,” said Jason Mercer, TREB’s Director of Market Analysis.

Posted by Christine Pecharich, 0 comments
Georgetown (Halton Hills) March 2018 Market Statistics

Georgetown (Halton Hills) March 2018 Market Statistics

Halton Hills Year to date 2018 Market Statistics:

Market Watch

GTA REALTORS® Release March Stats

April 4, 2018 — Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 7,228 residential transactions through TREB’s MLS® System in March 2018. This result was down by 39.5 per cent compared to a record 11,954 sales reported in March 2017 and down 17.6 per cent relative to average March sales for the previous 10 years.

The number of new listings entered into TREB’s MLS® System totaled 14,866 – a 12.4 per cent decrease compared to March 2017 and a three per cent decrease compared to the average for the previous 10 years.

“TREB stated in its recent Market Outlook report that Q1 sales would be down from the record pace set in Q1 2017,” said Mr. Syrianos. “The effects of the Fair Housing Plan, the new OSFImandated stress test and generally higher borrowing costs have prompted some buyers to put their purchasing decision on hold. Home sales are expected to be up relative to 2017 in the second half of this year.”

The MLS Home Price Index Composite Benchmark was down by 1.5 percent on a year-over-year basis for the TREB market area as a whole. The overall average selling price was down by 14.3 per cent compared to March 2017.

While the change in market conditions certainly played a role, the dip in the average selling price was also compositional in nature. Detached home sales, which generally represent the highest price points in a given area, declined much more than other home types. In addition, the share of high-end detached homes selling for over $2 million in March 2018 was half of what was reported in March 2017, further impacting the average selling price.

“Right now, when we are comparing home prices, we are comparing two starkly different periods of time: last year, when we had less than a month of inventory versus this year with inventory levels ranging between two and three months. It makes sense that we haven’t seen prices climb back to last year’s peak. However, in the second half of the year, expect to see the annual rate of price growth improve compared to Q1, as sales increase relative to the below-average level of listings,” said Jason Mercer, TREB’s Director of Market Analysis.

Posted by Christine Pecharich, 0 comments
Milton’s Medium and High Density Projects as of January 31st 2018

Milton’s Medium and High Density Projects as of January 31st 2018

Under Construction:

Builder Name Location No of Units Type of Building
First Milton S/E Corner of Main and Harris 128 Stacked Townhouses
Bucci Homes 405-475 Ontario St S. 151 Stacked Townhouses
Jasper Condos 716 Main St .E. 116 12 Floor  C-apts

 

First Line Development 80 Bronte St. S. 114 4 floor rental apts.
Mattamy W. S/E corner Louis/Leger 251 6 floor C-apts & Townhouses
Sutherland 610 Farmstead Dr 170 6 floor C-apts
Fernbrook H. 1050 Main St E 233 12 floor C-apts
Manaman C. 1050-1090 Bronte St. S. 375 3-6 floor C-apts. & Townhouses

*** TOTAL UNITS UNDER CONSTRUCTION 1,538 units

 

Approved Applications

Builder Name Location No. of units Type of Building
First Line Development 100 Bronte St. S 40 3 floor rental apts
Valeri Holdings Costigan and Miller 105 8 floor C-apts

***TOTAL UNITS CURRENTLY APPROVED 145 units

Initial Applications or under review for the next 2-12 months

Builder Name Location No. of units Type of Building
Hodero Holdings 130 Thompson Rd.S 802 27,29,31 FL. C-apts
Pine & Ontario D. 446 Pine & 72 Ont S. 19 3 floor rental apts.
Valour Mgmt 248-250 Martin St. 19 3 floor rental apts.
Main Sail Estates N/E corner of Bronte/Britania 272 4-6 fl. C- apts.
Fieldgate Homes 7480 Derry Rd 191 6 floor C-apts *seniors
Howland Green 710 Bronte St.S. 132 6 floor C-apts
Briarwood Homes 6791 Reg.Rd. #25 688 16,20,25 fl. C-apts.

***TOTAL UNDER CONSIDERATION 2,123 units

TOTAL 17 PROPOSALS FOR 3806 UNITS AT 2.2 PEOPLE PER UNIT = 8,373 PEOPLE.

Posted by Christine Pecharich, 2 comments
Milton’s Open Houses this weekend Saturday Mar 31st and Sunday April 1st

Milton’s Open Houses this weekend Saturday Mar 31st and Sunday April 1st

Here is a list of this weekend’s Open Houses.  If you are looking for more information on any of these homes, please reach out anytime we would be more than happy to help out.

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Posted by Christine Pecharich in Milton, 0 comments
How To Prepare Your Home to Sell in Spring

How To Prepare Your Home to Sell in Spring

Get a head start while you have time and make your home stand out from all other homes by following these 8 tips!

  1. Clear your clutter:

Getting rid of extra clutter and junk is the very first step to getting your ready home to be on the market. Make a sweep of every room in your house, including closets and the garage. Less furniture will help your rooms appear larger than they are. A professional stager can help with this by recommending what furniture to remove. A stager may even recommend that you remove half of the furniture to open up a room. Look into the option of renting storage space to assist in storing items you aren’t ready to get rid of.

  1. Use Paint:

Another trick stager’s use in small rooms is to paint adjoining rooms the same color. A small open kitchen will appear larger if it is the same light color as the dining room. Hanging matching drapes the same shade as the walls will also help make your room look larger.

  1. Neutral Colors

It is also important that your home is not decorated too personally. Bright and bold colors may be a turn off to buyers who may feel like they are invading YOUR home instead of their future home. Choose a neutral off-white, beige or tan paint. Soft blues or light greens can work as well.

 

  1. Removal of Personal Items

By the same token, too many family photos or heirlooms will make your home seem too personal. If all they see when they walk into your home is your memories, they won’t be able to picture themselves living in the home.

 

  1. Clean Everything

A dirty home with pet smells or stains will not induce a buyer to want to take their time and look around. Also remember anyone who is seriously thinking about your home will open cabinets to look for leaks, and open closet doors to see the storage space. You will want to clean the entire house to be sparkling clean. Hire a cleaning service to help you maintain this cleanliness while your home is on the market, if you can. It also may be a good idea to have your carpets and furniture professionally cleaned.

  1. Fix Loose Door Knobs and Consider Replacing Old Hardware

Loose doorknobs and brass hardware make the home seem used and outdated. A room can instantly feel refreshed with updated hardware and a fully functioning doorknob.

  1. Make Sure All Doors Shut Properly

Nothing screams old more than a door that doesn’t shut properly. Don’t let the details turn buyers off from considering your home.

  1. Curb Appeal

Don’t forget your buyer’s first impression- the exterior of your home. Think about how your home looks as the buyers drive up for the first time. Be sure that all toys and garbage cans are neatly stored away. Regularly trim your grass. You may want to also consult a professional landscaper to help sculpt your bushes and trees to make a first impression that lasts.

CLICK HERE TO SEE OUR “SELLER EXPERIENCE” :

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Posted by Christine Pecharich, 0 comments