| Recent Blog Posts by Joe Scalabrelli | ||
Market Remains Tight with Sales Up in April - TREB's Market Watch released May 3rd, 2012.Market Remains Tight with Sales Up in April
May 3, 2012 -- Greater Toronto REALTORS® reported 10,350 transactions through the TorontoMLS system in April 2012. This level of sales was 18 per cent higher than the 8,778 firm deals reported in April 2011. The strongest sales growth was reported in the single-detached market segment, with transactions of this home type up by 22 per cent compared ...
Posted by Joe Scalabrelli
on May 5, 2012
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Stouffville Real Estate Market Totals for April 2012
Stouffville Real Estate Market Totals for April 2012
Here's the latest Stouffville Real Estate Market totals for April 2012. We're off to a great start!
Total Sales: 78
Dollar Volume: $45,485,699
Average Price: $583,150
Median Price: $527,000
New Listings: 163
Sales to New-Listings Ratio: 59.6%
Active Listings: 221
Months of Inventory: 2.9 (If no new listings ...
Posted by Joe Scalabrelli
on May 5, 2012
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Toronto Real Estate Board's Market Watch Report - February 2012Here's the latest on what's happening in the GTA's real estate market! Click the link below for full details.
http://www.torontorealestateboard.com/market_news/market_watch/2012/mw1202.pdf
Joe.
Posted by Joe Scalabrelli
on March 23, 2012
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Stouffville Real Estate Market Totals for January 2012Here's the latest Stouffville Real Estate Market totals for January 2012. We're off to a great start!
Total Sales: 36
Dollar Volume: $20,524,738
Average Price: $570,132
Median Price: $475,625
New Listings: 73
Sales to New-Listings Ratio: 58.1%
Active Listings: 128
Months of Inventory: 3.1 (If no new listings came on the market. For trend tracking).
Average Selling ...
Posted by Joe Scalabrelli
on February 4, 2012
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Toronto Real Estate Board's Market Watch Report - January 2012Here's the latest on what's happening in the GTA's real estate market! Click the link below for full details.
http://www.torontorealestateboard.com/market_news/market_watch/2012/mw1201.pdf
Joe.
Posted by Joe Scalabrelli
on February 4, 2012
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TREB's Condo Market Report - Fourth Quarter 2011Here's the latest on what's going on in the Condo Market, according to the Toronto Real Estate Board.
http://www.torontorealestateboard.com/market_news/condo_report/2011/condo_report_Q4-2011.pdf
Posted by Joe Scalabrelli
on January 30, 2012
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The 9 Ultimate Real Estate Housing Charts
TREB has put together 9 charts that easily and clearly display our real estate market conditions of past and present. Spending a few minutes studying these charts can answer almost any question you may have concerning the market, such as:
What months / years had the most sales?
What months typically have the most new/active listings?
What did the sales-to-new-listings ratio ...
Posted by Joe Scalabrelli
on January 19, 2012
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Toronto Real Estate Board releases latest market figures for November 11.Healthy Fall Market Continues in November December 6, 2011
Greater Toronto REALTORS® reported 7,092 residential transactions through the TorontoMLS® system in November – up 11 per cent in comparison to November 2010. At the same time, the number of new listings was up by 14 per cent in comparison to last year.
“We have seen strong annual sales growth through the ...
Posted by Joe Scalabrelli
on December 7, 2011
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Tight supply drives up real estate prices in Toronto areaHere's a nice piece from Inman News on our market for the 2nd quarter 2011. It's nice - mostly because I had the opportunity to contribute to the piece!
http://www.inman.com/news/2011/08/1/tight-supply-drives-real-estate-prices-in-toronto-area
Enjoy!
Joe.
Posted by Joe Scalabrelli
on November 3, 2011
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GTA REALTORS® Report Monthly Resale Housing FiguresTORONTO, October 5, 2011 -- Greater Toronto REALTORS® reported 7,658 transactions through the TorontoMLS® system in September – a 25 per cent increase over September 2010.
Sales during the first three quarters of 2011 amounted to 70,588, representing a 2.6 per cent increase compared to the first nine months of 2010. “We have experienced strong growth in sales so far this ...
Posted by Joe Scalabrelli
on October 6, 2011
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Open House!Open house this Sat Sep 24th 2-4pm, Beautiful 4br detached in Cornell, Markham, $619,900, 27 Pynside St,
http://bit.ly/oGoqbw
Posted by Joe Scalabrelli
on September 22, 2011
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Greater Toronto REALTORS® Report Latest Resale Housing Market Figures - Sept 7th, 2011
Strong August Home Sales in the GTA
September 7, 2011 -- Greater Toronto REALTORS® reported 7,542 sales through the TorontoMLS® system in August - a 24 per cent increase over 6,083 sales in August 2010. New listings, at 12,509, were up by 20 per cent compared to August 2010. Market conditions remained tight as sales growth outstripped growth in new listings.
"Home sales ...
Posted by Joe Scalabrelli
on September 8, 2011
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TREB's Market Watch for July 2011 - Released July 6th, 2011TorontoMLS® Sales and Average Price Up in June
July 6, 2011 -- Greater Toronto REALTORS® reported 10,230 home sales through the TorontoMLS® system in June 2011 – up 21 per cent compared to June 2010. This number represented the third best June result on record behind 2007 and 2009. The number of transactions during the first six months of 2011 amounted to 48,189 – down by ...
Posted by Joe Scalabrelli
on July 9, 2011
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Greater Toronto REALTORS® Report May Resale Housing Market FiguresTORONTO, June 3, 2011 – Greater Toronto REALTORS® reported 10,046 sales in May 2011 – up six per cent compared to May 2010. This result was the second best on record for May under the current Toronto Real Estate Board service area. The number of new listings in May, at 16,076, was down 15 per cent compared to last year.
“Positive economic news and low borrowing costs led to ...
Posted by Joe Scalabrelli
on June 3, 2011
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REALTORS® Take Public’s Pulse on GTA Issues, Including Toronto Land Transfer TaxTORONTO, May 4, 2011 -- Greater Toronto REALTORS® have released the results of public opinion research on various municipal issues including satisfaction with Toronto Mayor Rob Ford and the direction of Toronto City Council, the Toronto Land Transfer Tax, the City of Toronto’s budget, and GTA municipal services.
The poll was conducted by Ipsos Public Affairs for the Toronto Real Estate ...
Posted by Joe Scalabrelli
on May 11, 2011
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Open House!Open House this Sat May 14th 2-4pm, 7657 Ninth Line, Markham, $909,000, fantastic house & property. http://bit.ly/l2OfqL
Posted by Joe Scalabrelli
on May 10, 2011
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TD Economics Weekly Bottom LineTD releases their latest on the economy. Here are the highlights for Canada.
• The Federal Conservative Party finally secured a majority government in Monday’s election. They plan to pass the budget they tabled back in March. This was a non-event for markets, as the budget details have already been baked into the economic outlook.
• Commodities took a major hit this week, ...
Posted by Joe Scalabrelli
on May 9, 2011
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Toronto Real Estate Board releases April 2011 Market Watch ReportTight Market Results in Strong Price Growth in April
May 4, 2011 -- Greater Toronto REALTORS® reported 9,041 existing home sales through the TorontoMLS® system in April 2011. This result was down 17 per cent compared April 2010 when sales spiked to a new record of 10,898. While off last year's record result, April 2011 sales were in line with the average April sales level reported over the ...
Posted by Joe Scalabrelli
on May 5, 2011
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Stouffville Real Estate Market Watch Statistics April 2011
Here's what's happening in Stouffville, districts N12 & N13, for April 2011, according to the Toronto Real Estate Board's Market Watch Statistics:
District: N12
Active Listings: 135
New Listings this month: 116
Sales: 54
Average Sold Price: $456,543
Median Sold Price: $392,050
Average Days On Market (for sold properties): 20
Average % of asking price to sold price: 99%
...
Posted by Joe Scalabrelli
on May 5, 2011
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Should you sell your home before buying another?
Many sellers ask my opinion on whether they should sell their current house first, or buy their next house before selling their current home. Selling and buying a home is the largest transaction most people will ever make. Doing it right is crucial - not only to your health, but your financial health & personal satisfaction. The answer to this really depends on your financial situation, ...
Posted by Joe Scalabrelli
on May 2, 2011
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TD Economics releases the latest on the U.S. Housing MarketInterested in what's happening with our friends south of the border? TD Economics released this observation today on the current housing conditions, and what's required to start the recovery.
http://www.td.com/economics/special/jm0411_housing.pdf
Enjoy!
Joe.
Posted by Joe Scalabrelli
on April 20, 2011
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iPhone App now available for REALTOR.ca!
The Canadian Real Estate Association releases REALTOR.ca mobile application for Apple iPhone
The Canadian Real Estate Association (CREA) today released its REALTOR.ca app for the Apple® iPhone®. REALTOR.ca is the most visited real estate website in Canada, listing on average some 350,000 properties at any time.
“This free application brings Apple iPhone users the features and functionality ...
Posted by Joe Scalabrelli
on April 20, 2011
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Are older condos a good investment?
It seems to be a common misconception that only newer or new condominium buildings are good investments. Many people feel that older buildings need too much work, have high maintenance fees, are dated architecturally, and just poor investments. Every time a builder constructs a new condo building, everyone flocks to it, puts down huge down payments, and can’t wait to sign on the dotted line, ...
Posted by Joe Scalabrelli
on April 20, 2011
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Are asking prices negotiable, and by how much?
This is another common question I’m asked during the home buyer process. The answer: It really depends.
There are many factors involved in coming up with an asking price. If your realtor does his job properly, he will use a variety of sources to set an asking price for your home. Of course, a realistic seller also helps tremendously. When an unrealistic seller wants to overprice his home, ...
Posted by Joe Scalabrelli
on April 20, 2011
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5 common misconceptions about buyer representation
This post explains 5 common misconceptions about buyer representation:
1 - If I sign a buyer representation agreement, I’m locked in with this realtor. Why tie myself down? I hardly know this realtor. What if his/her service is not up to my expectations?
Buyer representation agreements are very flexible, and do not have to be written in a way that locks you in with the realtor. For ...
Posted by Joe Scalabrelli
on April 20, 2011
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