Archive for Market Statistics
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I have just created a new page on the FACEBOOK : Toronto Real Estate Community News and Market Update.Jay Banerjei, MBA
Sales Representative
RE/MAX Rouge River Realty Ltd., Brokerage
6758 Kingston Road,
Toronto ON M1B 1G8
Office: (416) 286-3993 • Fax: (416) 286-3348
Website: http://www.torontorealestatebestagent.ca
Email: jay@jaybanerjei.com
Toronto Real Estate Market Watch for November 2010: Jay Banerjei
Market Watch
Jay and Molly Banerjei of Re/Max Rouge River are happy to report that the Sales remained Strong in November
December 3, 2010 — Greater Toronto REALTORS reported 6,510 existing home sales in November – down 13 per cent from 7,446 sales in November 2009. New listings were also down 13 per cent annually to 8,642.
On a month-over-month basis, the seasonally adjusted annual rate of sales increased for the fourth straight month to 88,100. This rate was substantially higher than the July low of 67,900.
“The GTA resale market has tightened since the summer. Healthy market conditions continued to support growth in the average selling price,” said Toronto Real Estate Board President Bill Johnston.
“Sales through the first 11 months of the year were down only marginally compared to the same period in 2009. We remain on track for one of the best years on record under the current TREB market area,” continued Johnston.
The average selling price for November transactions was $438,030 – up five per cent compared to November 2009.
“The average selling price in the GTA is affordable. A household earning the average income can comfortably cover the mortgage payments on an average priced home. Expect the average selling price to grow at a moderate pace over the next year,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.
Median Price
In November, the median price was $366,000, from the $353,800 recorded during November of 2009.
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Written by:Jay Banerjei, MBA
Sales Representative
RE/MAX Rouge River Realty Ltd., Brokerage
6758 Kingston Road,
Toronto ON M1B 1G8
Office: (416) 286-3993 • Fax: (416) 286-3348
Website: http://www.torontorealestatebestagent.ca
Email: jay@jaybanerjei.com
Ten Important Reasons to List your Home in East Toronto ( GTA) During the Holidays: Jay Banerjei
TEN IMPORTANT REASONS…
TO LIST DURING THE HOLIDAYS
1. WHEN YOU HAVE YOUR HOME FOR SALE, DO YOU ONLY WANT SEROIUS BUYERS LOOKING? People who look for a home during the holidays are more serious buyers!
2. ARE YOU INTERESTED IN GETTING AS MUCH MONEY AS POSSIBLE FOR YOUR HOME? Serious buyers have fewer houses to choose from during the Holidays and less competition means more money for you!
3. YOU DON’T …WANT TO LOOSE MONEY ON THE SALE OF YOUR HOME DO YOU? Since the supply of listings will dramatically increase in January, there will be less demand for your particular home! Less demand means less money for you!
4. DO YOU DECORATE YOUR HOME FOR THE SEASON? Houses show better when decorated for the Holidays!
5. WOULD $3, $4 OR MAYBE EVEN $5000.00 EXTRA FOR YOUR HOME INTEREST YOU? Buyers are more emotional during the Holidays, so they are more likely to pay your price!
6. WILL YOU HAVE EXTRA TIME OFF WORK OVER THE HOLIDAY SEASON? Buyers are just like you – Buyers have more time to look for a home during the Holidays than they do during a working week!
7. ARE YOU AWARE OF HOW MANY NATIONAL AND INTERNATIONAL COMPANIES ARE IN YOU AREA? January is traditionally the month for employees to begin new jobs. Since transferees cannot wait until Spring to buy, you must be on the market now to capture that market.
8. IF YOU COULD SELL YOUR HOME WITHOUT THE INTERRUPTION OF SHOWINGS DURING THE HOLIDAY, WOULD YOU SELL IT? You can still be on the market, but you have the option to restrict showings
during the six or seven days during the Holidays!
9. ARE YOU INTERESTED IN SELLING NOW AND ONLY MOVING AFTER THE FIRST OF THE YEAR? You can sell now for more money and we will provide for a delayed or extended occupancy until early next year!
10. DO YOU KNOW HOW THE LAW OF SUPPLY AND DEMAND CAN BENEFIT YOU? By selling now, you may have an opportunity to be a CASH buyer during the Spring when many more houses are on the market for less money! This will allow you to sell high and buy low!
Written by:Jay Banerjei, MBA
Sales Representative
RE/MAX Rouge River Realty Ltd., Brokerage
6758 Kingston Road,
Toronto ON M1B 1G8
Office: (416) 286-3993 • Fax: (416) 286-3348
Website: http://www.torontorealestatebestagent.ca
Email: jay@jaybanerjei.com
Re/Max Continues to have the highest Market share in Toronto, tells Jay Banerjei
As a Re/Max Sales Representative Jay Banerjei is “The Hometown Experts With a World of Experience.” He makes his living in the same community in which he lives. He is the person next-door, or just down the block.
Re/Max having the largest market share in Toronto enables him to lead the industry in advanced real estate education and production. That’s why he is known as “The Real Estate Leader”.
For all your Real Estate needs, contact Jay Banerjei , a trusted name in the Real Estate Industry for twenty years.
Written by:Molly Banerjei
Website:
Email: molly1@rogers.com
Real Estate Market Statistics in Toronto.
Jay Banerjei, MBA
Sales Representative
RE/MAX Rouge River Realty Ltd., Brokerage
6758 Kingston Road,
Toronto ON M1B 1G8
Office: (416) 286-3993 • Fax: (416) 286-3348
Website: http://www.torontorealestatebestagent.ca
Email: jay@jaybanerjei.com
May 2010 Market Statistics from Toronto Real Estate Board
Greater Toronto REALTORS® % reported 9,470 sales through the Multiple Listing Service® (MLS®) in May, representing a one per cent dip from May 2009. In comparison to previous years, this was the third highest May sales result on record.
“The pace of transactions slowed in May following record-setting sales in February, March and April,” said Toronto Real Estate Board President Tom Lebour. “Buyers who otherwise would have been purchasing a home in May moved more quickly this year, likely to get ahead of mortgage rate hikes.” New listings were up 38 per cent annually to 18,940. The average price for May transactions was $446,593 – up 13 per cent compared to the average of $395,609 recorded in May 2009. “The gap between listings and sales has widened, which means there is more choice for buyers,” said Jason Mercer, TREB’s Senior Manager of Market Analysis. “The annual rate of price growth will slow in the second half of 2010, from the current double digit pace into the single digits.”
Courtesy of the Toronto Real Estate Board
Written by:Jay Banerjei, MBA
Sales Representative
RE/MAX Rouge River Realty Ltd., Brokerage
6758 Kingston Road,
Toronto ON M1B 1G8
Office: (416) 286-3993 • Fax: (416) 286-3348
Website: http://www.torontorealestatebestagent.ca
Email: jay@jaybanerjei.com
