Viva Condos! 5 Yrs New. Functional, East Facing, 678 Sf ,Sun Filled Open Concept Layout. Wall-Wall, Floor-Ceiling Windows. Lg Balcony (60Sf) To Enjoy A Treetop View Of The Neighbourhood. The Den Is A Functional Size For A Home Office Or A Guest Room. Great Neighbourhood Near Parks,Community Ctrs, Shops, Restaurants. Yorkdale Mall Nearby. Ttc In Front Of Building. Access To Hwy 401.
Please contact me direct at 416-520-6746, David@TorontoRealEstate.ca
Today’s Quote: ” Whether you believe you can or you can’t either way you are right.”
The Infinity Condo-3 Yrs New.Live In A Vibrant Downtown Area. Functional,Sun-Filled Open Concept Design With 708Sf Of Living Space. Generous Den And Master Bedroom.Enjoy The Lg Balcony With Views Of The Cn Tower And The Lake.Fantastic Blding Amenities. This Location Is Always Bustling With So Much To Do And See; Harbourfront,Shopping,Events,Nightlife,Restaurants, Ttc.Access To The Gardiner And Lakeshore. Close To Union Stn., Ent.District, Rogers Ctr, Ac Ctr.
Please contact me direct at 416-520-6746 or David@TorontoRealEstate.ca
Today’s Quote: ” Don’t let your ego eat your brain”
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I thought you would want to check out my new program which helps home buyers become educated about the Toronto Real Estate market. Doing ” field research” is so important.
Greater Toronto Realtors reported 7,922 sales through the MLS in July, 2011 . The number of transactions represented a 23.3% increase compared to July, 2010 .
The number of transactions during the first seven months of 2011 amounted to 55,863-down 1.3% compared to the same period last year.
” Strong home sales continued in July, with a substantial rebound over last summer’s slow-down brought about by higher mortgage rates, new lending guidelines and misconceptions about the HST. The greatest rebound was seen in the condo apartment segment in the City of Toronto,” said Toronto Real Estate Board President Richard Silver . ” If the current pace holds up, we could see the second best year on record under the current TREB market area.”
Sales of Toronto ( 416 area code) condominium apartments increased by 32% from July 2010. The average price of a Toronto condo increased by 6% from the same time last year.
The average home selling price for July transactions was $459,122- up 9.7% compared July, 2010.
The average home selling price year-to-date is $465,777-up 7.8% compared to the average reported the same time last year. Year-to-date sales are down 1.3% compared with the same period last year.
“Tight market conditions have boosted the annual rate of price growth this year. However, the listings situation is starting to improve. A better supplied market later this year and into 2012 would lead to a more sustainable rate of price growth,” explained Jason Mercer TREB’s Senior Manager of Market Analysis. ”
Condominium apartments accounted for 25.1% of total sales in the the GTA while detached homes accounted for 47.6% of the total sales.
Other notable statistics include the average days on the market for July at 26 days compared to 33 days the same time last year. Active listings were 17,546 in July 2011-down 19% from the July,2010. The sales-to-listings ratio for July was 45.1% which is classified as a seller’s market . A ratio from 24%-28% is considered a balanced market.
Sellers are looking for market value for their property . I prepare a comparative market analysis (CMA) for all of my Buyer clients prior to submitting an offer to determine the property’s market value range.
Real estate is very neighbourhood specific and even very street specific in some areas. The numbers as reported above are GTA averages. Results in one neighbourhood or on one street does not indicate that all other neighbourhoods or streets are experiencing the same results. We are still seeing multiple offers in some areas for the best homes.
* Lets meet for a NO OBLIGATION Buyer Planning Session. FREE Knowledge is power in your planning Click Here
Please contact me direct at 416-520-6746 or by email, David@TorontoRealEstate.ca