How Much are Homes in Toronto Neighbourhoods?

Great article in www.TheGlobeandMail.com .

Toronto’s real estate market got off to a hot start in the first quarter of 2015.

An analysis of resale activity in Greater Toronto Area neighbourhoods by Realosophy Realty Inc., Brokerage for The Globe and Mail shows properties selling faster, and for more – relative to the seller’s asking price – than they were last year, says Realosophy president John Pasalis.

“Overall, prices are up 8 per cent over last year and sales are up 6 per cent,” he says. “We are seeing strong demand for both houses and condos – with condo sales up 10 per cent over last year.”

“New condo completions have pushed the average price down in some neighbourhoods. Increased activity in some outlying areas [like River Oaks and Royal Orchard] was driven by their relative affordability – they both offered younger buyers good value.”

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Here is what you can do next:

David Stoddard Buyer Planning Sessions

 

Please contact me direct at 416-520-6746 or by email, David@DavidStoddard.ca

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It’s Time To Lighten Up…Your Floor, That Is

Great article in http://RealtyTimes.com

After years of dark floors, we’re finally lightening up again. But don’t start to panic about light maple elbowing its way back into your home. The new light wood has more texture, more color variance, more beauty. And, its return to vogue may also signal an important economic trend.

“During the economic downturn, people gravitated toward the traditional dark colors. But with the economy improving, (there is) a rise in the demand for lighter tones,” said the Orange County Register. “Some of these are finished to look like driftwood or washed in white to make them look beachy. The look is popular on both coasts and is growing elsewhere in the country.”

The newspaper also sees “a growing popularity in what are referred to as ‘domestic exotics,’ like hickory and ash. Walnut is growing in popularity, and if left natural, is much lighter than traditionally dark-stained walnut. Many of us remember the pickled light woods of 25 years ago. The gray, white and lighter multiple stain color processes of today are this generation’s version of that trend.

If you’re ready to lighten up, here are a few options you might want to consider:

1. A variegated look brings warmth and interest

 

Click here for more.

 

Here is what you can do next:

 

David Stoddard Buyer Planning Sessions

 

Please contact me direct at 416-520-6746 or by email, David@DavidStoddard.ca

** You can follow my real estate posts on FACEBOOK. Click here to LIKE my real estate page.​

Toronto Condo Hot List for the Week of March 30, 2015

David Stoddard Condo Tours

 

Here are my Top Picks for the Week:

 

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3 Market St, #616

Price: $609,900 Beds: 2 Baths: 2 Sq Ft: 850

Two-Storey Condo With Custom Suite Changes And Finishes. Great Outdoor Private Terrace With Gas BBQ Hook Up And Water Bib. Extended Kitchen Cabinets. Inclusions::Stainless Steel:Fridge, Stove, Dishwasher, Microwave. Stacked Washer/Dryer. All Light F…

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1030 King St W #818

Price: $374,900 Beds: 1 Baths: 1 Sq Ft: 630

Dna 3. Trendy King West Neighbourhood. Brand New. Never Lived In. Terrific Layout. Engineered Hardwood. East Exposure From the Balcony. Inclusions:Stainless Steel: Fridge, Stove, Dishwasher, Microwave/Hood Fan. Stacked Washer And Dryer.All light Fix…

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55 Bremner Blvd, #2804

Price: $409,900 Beds: 1 Baths: 1 Sq Ft: 628

Maple Leaf Square. 10′ Ceilings. Terrific N/E Exposure. Hardwood Flooring. Functional Layout. Inclusions:Stainless Steel: Fridge, Stove, Dishwasher, Microwave/Hood Fan. Stacked Washer/Dryer. All Light Fixtures. All Window Coverings. Maintenance …

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25 Stafford St, #601

Price: $479,900 Beds: 1 Baths: 1 Sq Ft: 722

Parc Lofts.Unobstructed Park And City Views. Floor To Ceiling Windows. Hardwood Floors, Scavolini Kitchen.Quartz Counters.Glass Tile Backsplash. East Facing Balcony. Inclusions:Stainless Steel: Fridge, Gas Stove,Microwave/Hood Fan, Dishwasher. Stack…

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Please contact me direct at or by email, David@DavidStoddard.ca

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Welcome to 31 Presteign Ave., Toronto

01 ext3

FOR SALE

Exclusive Listing

$800,000

Welcome to Parkview Hills, one of Toronto’s best neighbourhoods. Surrounded by lush ravine and parkland Parkview Hills is accessible by the TTC and is a short distance to the DVP.

Parkview Hills is one of East York’s most tranquil and secluded enclaves, home to the popular Presteign Heights Public School , a focal point for the community with a large playground and a new soccer field.

New home construction is extremely popular in Parkview Hills which is further evidence that this neighbourhood is a terrific place to call home.

Build or renovate 31 Presteign Ave.  Situated on a spacious 38’*110’ lot with a private driveway, this three bedroom home with its original charm is awaiting your personal touch.

For more information:

http://www.cityoftorontorealestate.ca/Property/31-Presteign-Ave-Toronto-Ontario

RE/MAX HALLMARK REALTY LTD., BROKERAGE

Ph: Fax:866-248-2303

968 College Street Toronto M6H1A5

DAVID STODDARD, Salesperson

 

GTA Real Estate Market Report February,2015

Robust Sales and Price in February

Greater Toronto Realtors reported 6,388 residential sales through the Toronto MLS system in February 2015. The number of transactions in February represented an 11.3% increase  compared to 5,696 transactions reported in February 2014.

The number of new listings reported in February were down by 2.8% compared to the same period in 2014. Active listings were 12,793 in February-down 8.7% from February 2014.

“Even with the record low temperatures last month , we still saw an increase in the number of people purchasing homes in the GTA. This speaks to the importance households place on home ownership and the fact that buyers continue to view ownership housing as a quality long-term investment in which they can live ,” said Toronto Real Estate Board President Paul Etherington.

The average selling price continued to grow on a year-over-year basis in calendar year 2014 with an 8.4% increase over calendar year 2013 to $566,726.

The average price in February was up by 7.8% from the same time last year to $596,163.

“The strong year-over-year price growth we experienced in February points to the robust demand for ownership housing in the GTA, coupled with a constrained supply of homes for sale in some market segments, especially where low-rise home types like singles, semis and townhouses are concerned,” said Jason Mercer, TREB’s Senior Manager of Market Analyses.

Sales of Toronto (416 area code) condominium apartments increased by 12.4% from February 2014. The average selling price of a Toronto condo decreased  by 0.9% from the same time last year to $369,355.

Condominium apartments accounted for 25.8% of total sales in the GTA for February 2015 while detached homes accounted for 48.0% of the total sales.

Other notable statistics include the average days on the market for February at 24 days, down 7.7%. The sales-to-listings ratio for February  was 49.5% 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, building specific  and even very street specific in some areas. The numbers as reported above are GTA averages. Results in one neighbourhood , on one street or in one building do not indicate that all other neighbourhoods, streets or buildings are experiencing the same results. We are still seeing multiple offers in some areas for the best homes and condos.

Please contact me direct at or by email, David@DavidStoddard.ca

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