I updated all the new listings and as I mentioned a while ago when I put up the Vaughan Rolling Stats, I wanted to put up different areas. So, I did a Toronto Year-Over-Rear Rolling update which is below.
What a Difference!
On a positive note, Sales Prices look Great! But the amount of homes sold is a massive difference. Toronto being the obvious larger market and to be honest, I would have thought that with many people "returning" back to work and likley Not Enjoying that commute anymore, we would have seen higher sales numbers.
Not that I think everyone who bought outside of the city after the work from home "standard" would have decided to move back to the city...then again, with the amount of homes in outskirt areas that aren't selling, maybe they just haven't all been able to move back...yet.
Still...the high prices along with even higher rates are not making it easy for people to buy so I'm sure that many people have just given up since prices just won't come down.
Let's keep in mind that the month isn't over yet and as of right now, there's 70 Conditionally sold homes that a good chunk...hopefully half become firm and sold. Plus we do have 10 days left.
I personally think that we're still in Healthy Market. Lot's of people want to buy and yes, interest rates have eliminated many would be buyers, but I can tell you that many buyer's in the market right now still say that there's not enough "good" homes to buy.
"Good" is open to opinion and could be anywhere from "I don't like the neighbourhood" to "the price is too high"
History tells us that Real Estate has YET to Disappoint. As of right now, even those that bought at record high prices this past January to April/May will see their home prices go up...eventually. It may take time, we could have a further drop in the market.
Again, as history in the Real Estate Market proves over and over again...Real Estate has always trended upward over the long term. ALWAYS!
New GTA Simcoe & Investment listings are updated...there's 3 new power of sale listings and the Rolling Vaughan Sold Stats are updated.
Toronto
Towns Sept 2021 Avg List $1,077,065 Avg Sold $1,162,916 #Sold 111
Sept 2022 Avg List $1,200,178 Avg Sold $1,190,273 #Sold 28
Semis Sept 2021 Avg List $1,182,615 Avg Sold $1,319,966 #Sold 344
Sept 2022 Avg List $1,203,843 Avg Sold $1,217,147 #Sold 100
Det 3bed Sept 2021 Avg List $1,340,768 Avg Sold $1,465,013 #Sold 477
Sept 2022 Avg List $1,404,268 Avg Sold $1,391,366 #Sold 148
Det 4bed+ Sept 2021 Avg List $2,344,636 Avg Sold $2,400,310 #Sold 372
Sept 2022 Avg List $2,241,899 Avg Sold $2,173,539 #Sold 105
I have a Re-List report for all areas of the GTA...click here to see it...in Vaughan for August, 29.1% of the new listings were Re-listed...year to date...23% of all listings.
Get my App to search Listings...New & Sold Anytime. Email me to set it up [email protected]
SCROLL DOWN FOR TODAY'S BRAND NEW LISTINGS...IF YOU WANT TO SEE ALL THE AVAILABLE LISTINGS IN THE SAME AREAS, I'VE PRE-SET LISTING SEARCHES BELOW:
All Available GTA Condo Listings: click here
All Available Vaughan Listings: click here
All Available York Region Listings: click here
All Available Peel Region Listings: click here
All Available Simcoe area Listings: click here
If you want more info on any of the listings you see, call/text me at 416-918-2758
Robert Caruso
Sales Representative
Partner, Owner
Real Estate Advisors Inc.
Office 416-691-3000
Cell 416-918-2758
www.GTAPropertySearch.com
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One:
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