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Fall Home Maintenance & Household tips

Fall Home Maintenance & Household tips

. I can always count on one of my best home inspectors, Jim Cleghorn from Pillar to Post, for some great advice & seasonal tips for homeowners.   This article features Fall Cleaning, Appliance Maintenance & much more…

http://www.pillartopost.com/septpostnotes2013#choices

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Market Update – End of Summer Edition

Hi,  I hope you are doing well & enjoyed the Summer?  The first week back to school was hectic for many, and I know my kids were not happy about school or Fall/Winter coming our way… Thankfully, it seems we have a few more weeks of hot summer weather to enjoy 🙂

With the Fall real estate market approaching, I wanted to touch base & keep you updated on the current numbers.  The link below provides the current resale market figures in the Greater Toronto Area (including Toronto, York Region, Peel, Durham, etc.).  This report allows you to see how your specific area is doing, and the front page provides a useful snapshot….

My Summary:

Fewer # of sales this August 2012 (12.4% fewer sales year over year, however it should be noted that 2011 was the second highest year in the history of the Toronto Real Estate Board)

10.5% more active listings (increase in inventory, should allow buyers a little more time to shop around & negotiate)

Average price increase of 6.2% year over year (this average reflects quite a big range: from -4% for condos in Toronto, up to +15% for detached homes in Toronto)

We continue to see an active market, however Buyers are proceeding with caution, having to adhere to stricter mortgage lending guidelines & taking a little more time to shop around.  Some Sellers may have to be more patient, as average days on market have stretched, taking over 35 days to sell some property types in some areas, while other properties are still selling in less than 18 days (ex: Newmarket & Milton).

Market Watch, Aug-2012 (Toronto Real Estate Board)

Let me know if you have any questions about property values in your area, or would like to know the current value of your home.

Open House, Mar.31st, 2:00-4:00pm – Oak Ridges, 3 BR Townhome – 38 Mistleflower Crt, Richmond Hill, Ontario

Just Listed, March 26, 2012:

Lovely home for sale in demand Richmond Hill neighbourhood – Oak Ridges (at Bathurst & Humberland).  Come to the open house on Sat.Mar.31st or Sun.Apr.1st, 2:00-4:00pm.

For more information about this property, or to view more pictures, see the virtual tour & feel free to contact me

http://www.obeo.com/Public/Viewer/Default.aspx?ID=712444

38 Mistleflower Crt

The pace of home sales in Richmond Hill, Thornhill, Vaughan

(note: re-posted from previous blog site – originally posted Oct.2011)… Please stay tuned for 2012 Spring Update…

“The pace of home sales remains brisk in October”… “The average selling price through TorontoMLS in October was $478,137 – up 8% compared to October 2010.” (TREB – MarketWatch, Oct.2011).  Prices in the “905” area codes have seen greater price increases, 9% for detached homes, and 11% for Semi’s & Townhomes.  Strong price growth throughout the GTA continues to be effected by low interest rates & low inventory.

Perfect examples are Richmond Hill & Thornhill.  I have been working in these “hot neighbourhoods”, and there is no sign of a slow down here!  Why are they so hot?  Just look at the sales statistics in Richmond Hill, for example, where the average sale price for a townhome in October was $492,263, taking on average only 17 days to sell.  Making up part of these stats are a couple properties I sold (on Ruby Crescent and Kimono Crescent in “Rouge Woods” – north/east of Bayview & Major Mackenzie):

–> 98 Ruby Cres – 3 Bedroom Townhome with 3 bathrooms, unfinished full basement, under 10 years old, maintained beautifully with some updates.Approx 1570 sf. This home sold for close to the asking price of $489k in less than a week.

–> 137 Kimono Cres – 3 Bedroom Townhome with 4 bathrooms & finished basement, approx 11 years old, 1500 sf, sold over the asking price of $479k in less than a week!

Hot neighbourhoods in York Region: Richmond Hill (includes Rouge Woods, Oak Ridges, Bayview North, Bayview Hill, Richvale), Vaughan (Thornhill, Sonoma Heights, Maple, Vellore, Kleinburg).

Feel free to contact me if you want more details about any of these neighbourhoods, or would like to know the current value of your home.