May 2023 MARKET UPDATE
Tags: REALESTATE,#1 REMAX AGENT, #1 AJAX REALTOR, AJAX HOMES, AJAX REAL ESTATE, AJAX PROPERTIES, DURHAM REALTOR, GTA REALTOR, WHITBY REALTOR, WHITBY REAL ESTATE, ADTEAM, FIRST TIME HOME BUYER, INVESTMENT, OSHAWA HOMES, OSHAWA REALTOR, PICKERING HOMES, PICKERING REAL ESTATE, PICKERING AGENT, AJAX HOMES FOR SALE, WHITBY HOMES FOR SALE, TORONTO HOMES FOR SALE, TORONTO HOMES, TORONTO REAL ESTATE, SELLING AGENT, BUYER’S AGENT, SALES , HOME SALE, REAL ESTATE, ADTEAM HOMES
While we had a strong month of sales with 7,531 homes sold, the shockingly low inventory of 10,373 homes for sale is once again resulting in multiple offers and price increases. April’s average sale price of $1,153,269 is well on its way to reaching February 2023’s record prices. Let me explain what I mean by that. The Toronto Real Estate Board calculates average price by the mix of h...Read More
APRIL 2023 MARKET UPDATE
Tags: REALESTATE,#1 REMAX AGENT, #1 AJAX REALTOR, AJAX HOMES, AJAX REAL ESTATE, AJAX PROPERTIES, DURHAM REALTOR, GTA REALTOR, WHITBY REALTOR, WHITBY REAL ESTATE, ADTEAM, FIRST TIME HOME BUYER, INVESTMENT, OSHAWA HOMES, OSHAWA REALTOR, PICKERING HOMES, PICKERING REAL ESTATE, PICKERING AGENT, AJAX HOMES FOR SALE, WHITBY HOMES FOR SALE, TORONTO HOMES FOR SALE, TORONTO HOMES, TORONTO REAL ESTATE, SELLING AGENT, BUYER’S AGENT, SALES , HOME SALE, REAL ESTATE, ADTEAM HOMES
March numbers are in! It seems that GTA buyers have adjusted to the increase in borrowing costs much quicker than imagined and have been out purchasing! Toronto Real Estate Board members reported the sale of 6,896 homes, 47.5 % more than February! The Spring market is in full bloom! First time buyers lead the sales with 70.5% of homes selling for under $1,249,999 (52.5% were under $1,000,000). De...Read More
MARCH 2023 MARKET UPDATE
Tags: REALESTATE,#1 REMAX AGENT, #1 AJAX REALTOR, AJAX HOMES, AJAX REAL ESTATE, AJAX PROPERTIES, DURHAM REALTOR, GTA REALTOR, WHITBY REALTOR, WHITBY REAL ESTATE, ADTEAM, FIRST TIME HOME BUYER, INVESTMENT, OSHAWA HOMES, OSHAWA REALTOR, PICKERING HOMES, PICKERING REAL ESTATE, PICKERING AGENT, AJAX HOMES FOR SALE, WHITBY HOMES FOR SALE, TORONTO HOMES FOR SALE, TORONTO HOMES, TORONTO REAL ESTATE, SELLING AGENT, BUYER’S AGENT, SALES , HOME SALE, REAL ESTATE, ADTEAM HOMES
As is usual for this time of year, buyers are starting to come out of winter hibernation and the number of monthly sales is starting to increase. 4,783 homes sold in February up over 50% from January’s 3,094 sales. After two months of sales, the average price of properties sold is $1,073,128. While down from 2021’s average price of $1,095,475, (2022 was an anomaly year), this does not...Read More
FEBRUARY 2023 MARKET UPDATE
Tags: REALESTATE,#1 REMAX AGENT, #1 AJAX REALTOR, AJAX HOMES, AJAX REAL ESTATE, AJAX PROPERTIES, DURHAM REALTOR, GTA REALTOR, WHITBY REALTOR, WHITBY REAL ESTATE, ADTEAM, FIRST TIME HOME BUYER, INVESTMENT, OSHAWA HOMES, OSHAWA REALTOR, PICKERING HOMES, PICKERING REAL ESTATE, PICKERING AGENT, AJAX HOMES FOR SALE, WHITBY HOMES FOR SALE, TORONTO HOMES FOR SALE, TORONTO HOMES, TORONTO REAL ESTATE, SELLING AGENT, BUYER’S AGENT, SALES , HOME SALE, REAL ESTATE, ADTEAM HOMES
No great surprises as the Toronto Real Estate Board unveiled the January sales numbers. 3,100 homes sold out of 9,299 homes available for sale. Throughout the GTA, homes on average sold in 29 days provided they were priced within 5% of realistic value. (This is where a professional agent can help their clients by doing realistic CMA and being honest with their sellers.) The major factor impactin...Read More
JANUARY 2023 MARKET UPDATE
Tags: REALESTATE,#1 REMAX AGENT, #1 AJAX REALTOR, AJAX HOMES, AJAX REAL ESTATE, AJAX PROPERTIES, DURHAM REALTOR, GTA REALTOR, WHITBY REALTOR, WHITBY REAL ESTATE, ADTEAM, FIRST TIME HOME BUYER, INVESTMENT, OSHAWA HOMES, OSHAWA REALTOR, PICKERING HOMES, PICKERING REAL ESTATE, PICKERING AGENT, AJAX HOMES FOR SALE, WHITBY HOMES FOR SALE, TORONTO HOMES FOR SALE, TORONTO HOMES, TORONTO REAL ESTATE, SELLING AGENT, BUYER’S AGENT, SALES , HOME SALE, REAL ESTATE, ADTEAM HOMES
December’s 3,117 sales ended 2022 with a total of 75,140 homes sold at an average price of $1,189,850, compared to 2021’s average price of $1,095,333. While the average price is up from a year ago, it does not tell the whole story. In fact, prices have been adjusting downward since they rose by 25%-28% in last year’s February/March timeframe. Two major factors come into play on ...Read More
DECEMBER 2022 REAL ESTATE MARKET UPDATE
Tags: RealEstate,#1 REMAX AGENT, #1 AJAX REALTOR, AJAX HOMES, AJAX REAL ESTATE, AJAX PROPERTIES, DURHAM REALTOR, GTA REALTOR, WHITBY REALTOR, WHITBY REAL ESTATE, ADTEAM, FIRST TIME HOME BUYER, INVESTMENT, OSHAWA HOMES, OSHAWA REALTOR, PICKERING HOMES, PICKERING REAL ESTATE, PICKERING AGENT, AJAX HOMES FOR SALE, WHITBY HOMES FOR SALE, TORONTO HOMES FOR SALE, TORONTO HOMES, TORONTO REAL ESTATE, SELLING AGENT, BUYER’S AGENT, SALES , HOME SALE, REAL ESTATE, ADTEAM HOMES
Toronto real estate board members sold 4,544 homes in November. In an average market, we would expect about 6,000 homes to be sold, so while we are down from that number it’s still a pretty good month given the multiple increases in borrowing rates. The number of available homes for sale remains very low at just under 12,000 which is maintaining current price levels. As of November 30th, the...Read More
NOVEMBER 2022 REAL ESTATE MARKET UPDATE
Tags: MARKET UPDATE, REAL ESTATE, NOVEMBER,#1 REMAX AGENT, #1 AJAX REALTOR, AJAX HOMES, AJAX REAL ESTATE, AJAX PROPERTIES, DURHAM REALTOR, GTA REALTOR, WHITBY REALTOR, WHITBY REAL ESTATE, ADTEAM, FIRST TIME HOME BUYER, INVESTMENT, OSHAWA HOMES, OSHAWA REALTOR, PICKERING HOMES, PICKERING REAL ESTATE, PICKERING AGENT, AJAX HOMES FOR SALE, WHITBY HOMES FOR SALE, TORONTO HOMES FOR SALE, TORONTO HOMES, TORONTO REAL ESTATE, SELLING AGENT, BUYER’S AGENT, SALES , HOME SALE, REAL ESTATE, ADTEAM HOMES
Despite another rate hike from the bank of Canada, activity remained similar to last month with 4,961 sales taking place, and homes available for sale staying around the 13,000 mark. This shortage of homes kept the average price stable, similar to last month, at $1,089,428, and is 9.9% higher than the end of 2021. The Bank of Canada’s most recent messaging suggests that they are reaching th...Read More
OCTOBER 2022 MARKET UPDATE
Tags: MARKET UPDATE, REAL ESTATE, OCTOBER,#1 REMAX AGENT, #1 AJAX REALTOR, AJAX HOMES, AJAX REAL ESTATE, AJAX PROPERTIES, DURHAM REALTOR, GTA REALTOR, WHITBY REALTOR, WHITBY REAL ESTATE, ADTEAM, FIRST TIME HOME BUYER, INVESTMENT, OSHAWA HOMES, OSHAWA REALTOR, PICKERING HOMES, PICKERING REAL ESTATE, PICKERING AGENT, AJAX HOMES FOR SALE, WHITBY HOMES FOR SALE, TORONTO HOMES FOR SALE, TORONTO HOMES, TORONTO REAL ESTATE, SELLING AGENT, BUYER’S AGENT, SALES , HOME SALE, REAL ESTATE, ADTEAM HOMES
Despite higher borrowing costs, 5,038 homes sold in September, down from last year’s record levels. Sales took place in all areas with all types of homes throughout the GTA, bringing the average sale price year-to-date to $1,212,963, up 10.7% since the start of the year. It’s confusing, isn’t it? Prices are supposed to be down but yet are up? This disconnect was caused b...Read More
SEPTEMBER 2022 REAL ESTATE MARKET UPDATE
Tags: market update, real estate september, #1 REMAX AGENT, #1 AJAX REALTOR, AJAX HOMES, AJAX REAL ESTATE, AJAX PROPERTIES, DURHAM REALTOR, GTA REALTOR, WHITBY REALTOR, WHITBY REAL ESTATE, ADTEAM, FIRST TIME HOME BUYER, INVESTMENT, OSHAWA HOMES, OSHAWA REALTOR, PICKERING HOMES, PICKERING REAL ESTATE, PICKERING AGENT, AJAX HOMES FOR SALE, WHITBY HOMES FOR SALE, TORONTO HOMES FOR SALE, TORONTO HOMES, TORONTO REAL ESTATE, SELLING AGENT, BUYER’S AGENT, SALES , HOME SALE, REAL ESTATE, ADTEAM HOMES
With 5,627 homes sold, August marked a slight increase over July in terms of the number of homes sold as well as the average sale price. The average sale price YTD is now at $1,224,216, compared to 2021’s average price of $1 095,339. What August’s data shows is that the real estate market is active with sales and purchases taking place. While listings are in short supply, buyers are e...Read More
AUGUST 2022 REAL ESTATE MARKET UPDATE
Tags: MARKET UPDATE, REAL ESTATE, AUGUST, #1 REMAX AGENT, #1 AJAX REALTOR, AJAX HOMES, AJAX REAL ESTATE, AJAX PROPERTIES, DURHAM REALTOR, GTA REALTOR, WHITBY REALTOR, WHITBY REAL ESTATE, ADTEAM, FIRST TIME HOME BUYER, INVESTMENT, OSHAWA HOMES, OSHAWA REALTOR, PICKERING HOMES, PICKERING REAL ESTATE, PICKERING AGENT, AJAX HOMES FOR SALE, WHITBY HOMES FOR SALE, TORONTO HOMES FOR SALE, TORONTO HOMES, TORONTO REAL ESTATE, SELLING AGENT, BUYER’S AGENT, SALES , HOME SALE, REAL ESTATE, ADTEAM HOMES
Some interesting facts about the real estate market activity in July: Number of homes for sale: 15,334 Number of homes sold: 4,912 Average number of homes available for a buyer to see: 3.12 (Seller’s Market) Average List Price to Sale price: 108% Average Days on Market: 16 Average Price Increase from 2021: 13.2% So how do we interpret this data? First of all, there is a market. Almost...Read More
