#Realtor Townhouses For Sale Ajax

[lindaclarkerealtor]

Discover Your Dream Home: Townhouses for Sale in Pickering with Linda Clarke Realtor

Are you in the market for a new home that offers both modern living and a sense of community? Look no further than the picturesque town of Pickering, Ontario. With its charming streets, excellent schools, and convenient access to Toronto, Pickering is an ideal place to call home. And if you're searching for townhouses for sale in Pickering, Linda Clarke Realtor is your trusted guide to finding the perfect property to suit your needs.

Why Pick Pickering? Nestled along the shores of Lake Ontario, Pickering offers a diverse range of amenities and attractions that make it an attractive place to live. Here are some reasons why many homebuyers are drawn to this vibrant town:

Proximity to Toronto Pickering is conveniently located just 30 minutes east of downtown Toronto. This means you can enjoy all the cultural, employment, and entertainment opportunities of the big city while still enjoying the peace and tranquility of suburban life.

Beautiful Parks and Green Spaces Nature lovers will appreciate the numerous parks and green spaces in Pickering. From hiking and biking trails to waterfront parks and conservation areas, there's no shortage of opportunities to enjoy the great outdoors.

Great Schools Families will be pleased to know that Pickering offers excellent educational institutions, both public and private, ensuring that your children receive a top-notch education.

Thriving Communities Pickering is known for its tight-knit communities and friendly atmosphere. It's a place where neighbors know each other, making it an ideal location for families and individuals alike. Why Linda Clarke Realtor? When it comes to finding the perfect townhouse for sale in Pickering, Linda Clarke Realtor is your trusted partner. Here's why you should choose Linda Clarke to help you find your dream home:

1.Local Expertise Linda Clarke has been serving the Pickering community for years. Her in-depth knowledge of the local real estate market, neighborhoods, and amenities will help you make informed decisions.

2.Personalized Service Linda takes the time to understand your unique needs and preferences. Whether you're a first-time homebuyer, a growing family, or looking to downsize, she'll work closely with you to find the right townhouse that suits your lifestyle.

Vast Listings Linda Clarke Realtor has access to an extensive database of townhouses for sale in Pickering. Whether you're looking for a cozy townhouse with a view of Lake Ontario or something close to schools and parks, Linda has the listings you need to explore.

Negotiation Expertise Buying a home involves negotiations, and Linda Clarke is a skilled negotiator who will work tirelessly to get you the best possible deal.

Hassle-Free Process Linda Clarke takes the stress out of buying a home. From arranging viewings to handling paperwork, she'll guide you through every step of the process, ensuring a seamless and hassle-free experience. Your Dream Home Awaits With Linda Clarke Realtor by your side, finding the perfect townhouse for sale in Pickering has never been easier. Whether you're a first-time buyer or looking for an upgrade, Pickering offers a wealth of opportunities, and Linda Clarke will help you navigate the market to find your ideal home. Don't miss out on the chance to become part of this thriving community. Contact Linda Clarke Realtor today and take the first step towards making Pickering your new home. Your dream townhouse is just a phone call away!

[naveenvadlamudi-realestatebro]

Finding your DREAM HOME has never been this easy!

Type your preferred location to get started

Telugu Real estate Agent in Whitby.As a Realtor® licensed in Ontario, Naveen provides Strategic Marketing and Transaction Management services to his clients across many G.T.A. markets. His business is built on: Dedication, Communication, Determination, & Trust while embodying the ability to cater and adapt to all of his client’s Real Estate needs. “Just as the Real Estate industry evolves to become more innovative and efficient, so do I.”

A Toronto native for over 20 years, his knowledge of the city’s geography can assist you with all of your Residential Real Estate endeavors on both sides of the sale Buying or Selling! In addition, he provides exceptional Real Estate services to ensure you feel confident with your decision to hire him.

Thank you for visiting my website... Don't forget to register for FREE down below. When you are member you will have access to more "exclusive listings" then any other platform and you will also have access to TORONTO SOLD DATA! Sold prices dating back to 2016... Enjoy!

Address: 3 Centre St Suite #206, Markham, ON L3P 3P9, Canada

Phone: +14168379696

Mail: gtarealstar@gmail.com

Web:

[servillanomadobestagentsclub5656]

Real Estate Agent Review Toronto: Durham House for Sale by Servillano Mado - Century 21 Green Realty

In Toronto's competitive real estate market, choosing the right agent can make all the difference in buying or selling your home. With numerous options available, buyers and sellers need to work with a realtor who not only has a deep understanding of the market but also provides personalized service. Real estate agent review Toronto One such realtor is Servillano Mado, an experienced agent with Century 21 Green Realty Inc. Brokerage, specializing in homes for sale in Durham and the Greater Toronto Area (GTA).

Why Choose a Realtor for Your Durham Home Sale:-

The Durham House for sale Region, located just east of Toronto, offers a variety of appealing properties for buyers. Known for its affordable housing, family-friendly neighborhoods, and proximity to major urban centers, Durham is becoming a hotspot for those looking to escape the high property prices in Toronto while maintaining easy access to the city. Whether you’re seeking a suburban home or looking to sell, having an expert like Servillano Mado by your side can be invaluable.

Servillano Mado’s Approach to Real Estate:-

Servillano Mado is a well-respected realtor within the Century 21 Green Realty Inc. network. His extensive experience in Durham and the broader Toronto market equips him to handle a range of properties, from family homes to luxury estates. What sets Servillano apart is his personalized approach. He takes the time to understand his clients’ specific needs, whether they are first-time homebuyers, families upgrading to a larger space, or investors seeking profitable opportunities in the Durham region.

For sellers, Servillano’s keen market insights and Century 21’s marketing tools ensure that properties receive maximum exposure. This includes professional photography, online listings, and social media marketing to reach potential buyers effectively. For buyers, he offers expert advice on neighborhoods, pricing trends, and the local amenities that suit their lifestyle preferences.

Durham Houses for Sale:-

The Durham Region is highly attractive to buyers due to its range of housing options and community-oriented atmosphere. Towns like Oshawa, Ajax, and Pickering offer everything from spacious family homes to modern townhouses, often at prices much lower than what one would find in downtown Toronto. With new developments constantly underway, the real estate market in Durham continues to grow, providing buyers with numerous opportunities to find their dream home.

When working with Servillano Mado, buyers can expect comprehensive guidance throughout the entire buying process. From arranging viewings to negotiating the best price, Servillano ensures a seamless experience. His strong network in the Durham region gives him early access to listings and market insights that benefit his clients, ensuring they find homes that match both their budget and lifestyle.

Why Choose Servillano Mado from Century 21 Green Realty Inc:-

Century 21 is one of the most trusted names in real estate, and Servillano Mado upholds the company’s standards of professionalism and excellence. His expertise in the Durham real estate market, coupled with Century 21 Green Realty Inc.’s powerful resources, makes him a top choice for both buyers and sellers. Servillano prides himself on building long-term relationships with clients, guiding them through every step of their real estate journey with transparency and dedication.

Conclusion:-

If you’re looking to buy or sell a house in Durham, working with Servillano Mado from Century 21 Green Realty Inc. Brokerage is a smart choice. His in-depth knowledge of the local market, combined with a client-focused approach, ensures a smooth and successful real estate transaction. With a proven track record and a commitment to excellence, Servillano Mado is well-positioned to help you achieve your real estate goals.

[seoteam1]

My website is your one-stop-shop for houses for sale ajax. I offer a comprehensive list of properties, including single-family homes, condos, townhouses, and more. Whether you're looking for a cozy starter home or a spacious family house, I have the perfect property for you.

[rebeccahpedersen]

Why Was June The Most Telling Month In 2018?

TorontoRealtyBlog

First and foremost, thanks to all the readers who chimed in on last Wednesday’s post with feedback on, and suggestions for, the new TRB layout.

Features as simple as having a link on the home page on the comment bubble, that takes you past the blog post itself, and directly down to the comments, were so crucial, yet overlooked.  Thanks to the readers for pointing out a few things that I should have caught, and a few others that perhaps we can implement.

It warrants another mention: please try out the data hub!

It’s a work in progress, but we have every TREB sale at our disposal, in real-time, and we can do (almost) whatever we want with it.

No, we can’t share the actual sales for properties.  TREB will immediately send me a “Cease and Desist,” even though there are a couple of agents out there currently doing it.  But as I’ve been told by those in the know, “A ‘nobody’ that’s sending out daily email blasts with sales aren’t going to appear on TREB’s radar.”  So I suppose I should feel good about that…..sort of……but not really?

Anyways, save for advertising what a particular house sold for, with the price and address, I can use the Data Hub to publish aggregate data, and the readers can use the tools to gain access to data that they wouldn’t ordinarily have.

For some of the folks that posted feedback last week, let me just say – you need to try it out again.  Somebody said, “You need ‘freehold’ and ‘condo’ to be drop-down filters.”  Well, they aren’t, but that’s because the pie-chart above is clickable.  Once your search results have been returned, click on the freehold, or condo, and it will filter for you.

We’re going to add more filters.  Bed, Bath, and Parking on their own aren’t enough.

But as you can see, the results are called instantaneously.  There are millions of data points in the backend, and your search is returned in less than a second.

We’ll continue to work on it, but please, post comments or email me with feedback.  Let me know what you like, and how we can make it better.

I’m thinking about posting the actual sales from the search result, but without the addresses.  This would satisfy TREB rules, but also provide the users with a lot more data.

Okay, so back to the topic at hand.

It’s true, you really can make numbers say anything you want.

And as the readers, pardon the cliché – both “bullish” and “bearish,” continue to banter back and forth, there’s always an opportunity to select numbers and use them to prove your point.

As the TRB readers longed for new material last week and a forum to actually discuss real estate, and not my new layout, they took to the comments section of Wednesday’s post.

Appraiser and Chris had a back-and-forth about what data points to use, and for how long, in order to prove anything concrete about the market.

Innovator, critic, market-disruptor, and trusted-Realtor, John Pasalis, even had his rare bullish sentiments posted in the comments section:

@JohnPasalis Jul 10

“If the real estate bears out there can point me to any recent analysis (past 3 months) that argues why Toronto’s housing market is going to get worse in 2018, I’d appreciate it. Curious to read what others are finding because I don’t see any downward trend.”

And having just come out of a busy spring market, I would have to agree.

You know I’ve always maintained that there are ways in which I measure the relative strength or weakness of the market:

1) Look at market statistics 2) Draw from my own experiences

There are times when these two measures don’t align.

In the past, I’ve spoken about a red-hot market, ripe with multiple offer situations, when the average home price is downtrending, or inventory is up, or days-on-market have increased.

So when June ended and I took a look at the market data, I was honestly a little surprised by what I found.

I’m a bit late to this party, given it’s mid-July, but the blog re-launch had my hands tied.  And I think I’d be remiss if I didn’t go back and look at the June stats, and share what I personally felt was the biggest take-away.

The average home price in Toronto increased by 0.32% in June, over May, and that in itself is quite unspectacular.

In the City of Toronto, that increase was 1.00%, which again, seems insignificant, although it’s worth noting that any investment that returns 1% per month, if done so in perpetuity, is nothing to sneeze at.

Before somebody suggests that I’m making more use of the “City of Toronto” statistic, compared to the GTA average home price, so far in 2018 compared to years’ previous, let me explain why.

While I’ve sold houses as far north as Keswick, as far east as Ajax, and as far west as Burlington in the past 12 months, this is Toronto Realty Blog, and 95% of my business is in the City of Toronto.  My readers, for the most part, care more about what’s going on in the central core than they do about Kawartha Lakes or Scugog.  So the “City of Toronto” numbers just seem to hold more water than the GTA-number, which as of late, is not a good indicator of what’s happening with your King West condo, Don Mills detached, or Beaches townhouse.

But just for comparative purposes, I’ll look at both numbers today in the chart below.

The May-to-June increase in average sale price of 0.32% in the GTA and 1.00% in Toronto might not surprise many of you, but they should.

Think about the market cycle just for a moment.

We start the year in January when it’s cold and dreary, when we’re coming out of the slowest month on the real estate calendar, and when sellers are just starting to list, so buyers are taking their sweet time becoming active.

February is a short month, but often a busy one, as the folks who started their searches in the New Year are making bids, and the folks who didn’t buy the year before are very active.

March is typically a hot month, and it leads us into the two busiest months of the year: April and May.

While September might have something to say about that, I would argue that April and May represent the “peak” of the market, both in terms of buyer/seller activity, but also price.

Then comes June, when things slow down a little.

School is out, vacations start, and most buyers have already bought, as most sellers have already sold.

June is a historically busy month, but not compared to May.

And this is why I was so surprised to see the average home price in Toronto actually increase from May to June, even if ever-so-slightly.

0.32% is nothing to write home about, but it’s significant for one major reason: it hasn’t happened in the last eight years.

TREB re-districting only enabled me to go back to 2011, but take a look at how the average home price in May compares to June, in both the GTA and City of Toronto:

If that isn’t the very definition of an “outlier,” then I don’t know what is.

When I wrote my June, 2018 e-Newsletter, I actually predicted that the average home price would decline.  I figured that with increases every month from December through May, a drop in average home price in June was inevitable.

How couldn’t it be?

June is just a slower month than May, plain and simple.

My prediction was made based on my gut, not on these stats, which I actually didn’t compile until this past weekend.

So add me to the list of people who are surprised to see all the red numbers up there, followed by those in 2018 in the black.

The average home price in Toronto always drops from May to June.  That is what these numbers are telling us.

And these aren’t exactly small numbers either.

The GTA-numbers on the left might be less volatile, but look at the City of Toronto – even without the massive 7.81% decline from 2017, when the market was weak from April onwards, we have two years over 5%, and from 2011 to 2017, the drops average 3.97%.

So while the 0.32% and 1.00% increases in the GTA and City of Toronto, respectively, don’t seem like much on their own, they represent an absolute breakthrough for the market.

My “gut” told me that June was okay, but it didn’t feel like March or April out there.  I had some barnburner condo sales, but I felt as though the freehold market had dropped off significantly.

I had two tough listings in June, both under-priced with “offer nights,” both which only got one offer.

I’m pleased to say that I was able to get $150,000 and $95,000 respectively over-asking for each property, but the sellers in both cases were distraught that only one bidder showed up for their home.

These sales, I felt, showed me that the market had, in fact, slowed a little.

And throughout June, I continued to “feel” that the market had pulled back ever-so-slightly.

“Averages” are not exact measures of the market, but overall, it looks as though June was actually a very strong month, even if I had a couple of listings that didn’t produce the desired response.

So I guess the next question is: where do we go from here?

The GTA-wide average home prices in April, May, and June were $804,584, $805,320, and $807,871 respectively.  That’s some kind of consistency!

July has to be slower than June, and although the chart above would dictate that looking at what’s happened in the past is no real measure of the future (at least in 2018), I have to think that we see the average home price in Toronto dip back down to $790,000 through August, before we head into a typically busy fall.

The average drop in price from June to July from 2015 to 2017 was 4.69%, 4.92%, and 6.01% respectively.

But based on the exceptional consistency in April/May/June, and the trend-breaker we just analyzed in June itself, I can see July and August being busier than normal.

It all lines up for what should, or at least could be a very busy Fall, 2018 market.

The post Why Was June The Most Telling Month In 2018? appeared first on Toronto Realty Blog.

Originated from https://ift.tt/2Jp0eeQ

[lindaclarkerealtor]

Condominiums have emerged as a popular housing option that offers a unique blend of affordability, community living, and convenience.You may call Linda Clarke at your convenience for any queries or further information on condominiums for sale in Ajax!

[lindaclarkerealtor]

As your trusted real estate partner, Linda Clarke Realtor is here to provide you with valuable insights into the Ajax real estate market and the buyer and seller real estate home services she offers to help you navigate this dynamic environment.

[lindaclarkerealtor]

Are you in the market for a new home that offers both modern living and a sense of community? Look no further than the picturesque town of Pickering, Ontario. And if you're searching for townhouses for sale in Pickering, Linda Clarke Realtor is your trusted guide.

Whether you're looking for a cozy townhouse with a view of Lake Ontario or something close to schools and parks, Linda has the listings you need to explore.

[lindaclarkerealtor]

Strategic renovations have gradually emerged as an effective tool for owners who wish to obtain that winning edge in the fiercely competitive, local housing industry by increasing the market value of their investment properties in Ajax without breaking the bank.

Call Linda Clarke now to schedule a no-obligation consultation at your convenience!

[lindaclarkerealtor]

How to Increase the Market Value of Your Investment Properties in Ajax

The ability to adapt and enhance the financial worth of a property is a key factor in accomplishing long-term success in the dynamic realm of real estate investment. Strategic renovations have gradually emerged as an effective tool for owners who wish to obtain that winning edge in the fiercely competitive, local housing industry by increasing the market value of their investment properties in Ajax without breaking the bank.

Renovations offer the opportunity to breathe new life into investment properties by transforming them from run-of-the-mill spaces to highly desirable residences. Well-planned renovations can revitalize archaic esthetics, optimize functionality, and align properties with contemporary preferences to capture the attention of prospective tenants.

Removing walls to create spacious or open layouts is becoming increasingly popular these days in the Greater Toronto Area. The said design approach particularly appeals to the proponents of present-day lifestyles by fostering a sense of airiness as well as connectivity. With the consumer demand for smart home features leapfrogging, consider integrating state-of-the-art technologies, such as smart thermostats, keyless entry systems, and home security solutions to attract technology-savvy tenants.

Sustainable living is a priority for several renters. Renovations that incorporate energy-efficient appliances, LED (light emitting diode) lighting, and environment-friendly materials not only save costs but also entice environmentally conscious tenants. Remodeling not only kitchens but also bathrooms with high-quality finishes, sleek cabinetry, and modern fixtures can significantly enhance the salability of a property.

The aforementioned areas for improvement are likely to leave a profound impact on the decision-making process of the potential tenants. However, a fresh coat of paint may also go a long way in instantly transforming the look as well as the feel of a property. Make a point to opt for neutral and recent colors that cater to a diverse spectrum of consumers when it comes to interior or exterior painting for investment properties in Ajax.

First impressions do matter! Investing in landscaping, exterior lighting, and minor repairs can boost curb appeal immensely along with creating an inviting ambiance. Whilst a full-scale kitchen remodel may often turn out to be fairly expensive for the average Canadian, small updates like replacing cabinet hardware, upgrading countertops, and installing a stylish backsplash can certainly make a huge difference without the need to spend a fortune.

Consider energy-efficient LED fixtures for a modern touch when it comes to upgrading lighting fixtures throughout the property to elevate the overall atmosphere. Select low-maintenance options like laminate or luxury vinyl for high-traffic areas when thinking of refinishing or replacing your existing flooring to breathe new life into your Ontarian rental home.

Renovations that enhance the appeal of a property often justify higher rental rates. Upgraded features, cutting-edge amenities, and improved esthetics can attract quality tenants who are willing to pay a premium for a well-maintained as well as stylish living space. Note that well-executed remodeling work can substantially increase the market value of your real estate.

The improvements that you are contemplating incorporating in your investment properties in Ajax through professional renovations can yield higher appraisals and provide you with a substantial return on investment. It not only aids you in attracting new tenants but also guarantees satisfaction as well as retention of your patrons. Call Linda Clarke now to schedule a no-obligation consultation at your convenience!

[seoteam1]

Search mlsoshawa on and find your dream home with Realtor Akilan. We offer a wide variety of properties, including townhouses, condos, and single-family homes, to meet your needs.

[rebeccahpedersen]

Why Was June The Most Telling Month In 2018?

TorontoRealtyBlog

First and foremost, thanks to all the readers who chimed in on last Wednesday’s post with feedback on, and suggestions for, the new TRB layout.

Features as simple as having a link on the home page on the comment bubble, that takes you past the blog post itself, and directly down to the comments, were so crucial, yet overlooked.  Thanks to the readers for pointing out a few things that I should have caught, and a few others that perhaps we can implement.

It warrants another mention: please try out the data hub!

It’s a work in progress, but we have every TREB sale at our disposal, in real-time, and we can do (almost) whatever we want with it.

No, we can’t share the actual sales for properties.  TREB will immediately send me a “Cease and Desist,” even though there are a couple of agents out there currently doing it.  But as I’ve been told by those in the know, “A ‘nobody’ that’s sending out daily email blasts with sales aren’t going to appear on TREB’s radar.”  So I suppose I should feel good about that…..sort of……but not really?

Anyways, save for advertising what a particular house sold for, with the price and address, I can use the Data Hub to publish aggregate data, and the readers can use the tools to gain access to data that they wouldn’t ordinarily have.

For some of the folks that posted feedback last week, let me just say – you need to try it out again.  Somebody said, “You need ‘freehold’ and ‘condo’ to be drop-down filters.”  Well, they aren’t, but that’s because the pie-chart above is clickable.  Once your search results have been returned, click on the freehold, or condo, and it will filter for you.

We’re going to add more filters.  Bed, Bath, and Parking on their own aren’t enough.

But as you can see, the results are called instantaneously.  There are millions of data points in the backend, and your search is returned in less than a second.

We’ll continue to work on it, but please, post comments or email me with feedback.  Let me know what you like, and how we can make it better.

I’m thinking about posting the actual sales from the search result, but without the addresses.  This would satisfy TREB rules, but also provide the users with a lot more data.

Okay, so back to the topic at hand.

It’s true, you really can make numbers say anything you want.

And as the readers, pardon the cliché – both “bullish” and “bearish,” continue to banter back and forth, there’s always an opportunity to select numbers and use them to prove your point.

As the TRB readers longed for new material last week and a forum to actually discuss real estate, and not my new layout, they took to the comments section of Wednesday’s post.

Appraiser and Chris had a back-and-forth about what data points to use, and for how long, in order to prove anything concrete about the market.

Innovator, critic, market-disruptor, and trusted-Realtor, John Pasalis, even had his rare bullish sentiments posted in the comments section:

@JohnPasalis Jul 10

“If the real estate bears out there can point me to any recent analysis (past 3 months) that argues why Toronto’s housing market is going to get worse in 2018, I’d appreciate it. Curious to read what others are finding because I don’t see any downward trend.”

And having just come out of a busy spring market, I would have to agree.

You know I’ve always maintained that there are ways in which I measure the relative strength or weakness of the market:

1) Look at market statistics 2) Draw from my own experiences

There are times when these two measures don’t align.

In the past, I’ve spoken about a red-hot market, ripe with multiple offer situations, when the average home price is downtrending, or inventory is up, or days-on-market have increased.

So when June ended and I took a look at the market data, I was honestly a little surprised by what I found.

I’m a bit late to this party, given it’s mid-July, but the blog re-launch had my hands tied.  And I think I’d be remiss if I didn’t go back and look at the June stats, and share what I personally felt was the biggest take-away.

The average home price in Toronto increased by 0.32% in June, over May, and that in itself is quite unspectacular.

In the City of Toronto, that increase was 1.00%, which again, seems insignificant, although it’s worth noting that any investment that returns 1% per month, if done so in perpetuity, is nothing to sneeze at.

Before somebody suggests that I’m making more use of the “City of Toronto” statistic, compared to the GTA average home price, so far in 2018 compared to years’ previous, let me explain why.

While I’ve sold houses as far north as Keswick, as far east as Ajax, and as far west as Burlington in the past 12 months, this is Toronto Realty Blog, and 95% of my business is in the City of Toronto.  My readers, for the most part, care more about what’s going on in the central core than they do about Kawartha Lakes or Scugog.  So the “City of Toronto” numbers just seem to hold more water than the GTA-number, which as of late, is not a good indicator of what’s happening with your King West condo, Don Mills detached, or Beaches townhouse.

But just for comparative purposes, I’ll look at both numbers today in the chart below.

The May-to-June increase in average sale price of 0.32% in the GTA and 1.00% in Toronto might not surprise many of you, but they should.

Think about the market cycle just for a moment.

We start the year in January when it’s cold and dreary, when we’re coming out of the slowest month on the real estate calendar, and when sellers are just starting to list, so buyers are taking their sweet time becoming active.

February is a short month, but often a busy one, as the folks who started their searches in the New Year are making bids, and the folks who didn’t buy the year before are very active.

March is typically a hot month, and it leads us into the two busiest months of the year: April and May.

While September might have something to say about that, I would argue that April and May represent the “peak” of the market, both in terms of buyer/seller activity, but also price.

Then comes June, when things slow down a little.

School is out, vacations start, and most buyers have already bought, as most sellers have already sold.

June is a historically busy month, but not compared to May.

And this is why I was so surprised to see the average home price in Toronto actually increase from May to June, even if ever-so-slightly.

0.32% is nothing to write home about, but it’s significant for one major reason: it hasn’t happened in the last eight years.

TREB re-districting only enabled me to go back to 2011, but take a look at how the average home price in May compares to June, in both the GTA and City of Toronto:

If that isn’t the very definition of an “outlier,” then I don’t know what is.

When I wrote my June, 2018 e-Newsletter, I actually predicted that the average home price would decline.  I figured that with increases every month from December through May, a drop in average home price in June was inevitable.

How couldn’t it be?

June is just a slower month than May, plain and simple.

My prediction was made based on my gut, not on these stats, which I actually didn’t compile until this past weekend.

So add me to the list of people who are surprised to see all the red numbers up there, followed by those in 2018 in the black.

The average home price in Toronto always drops from May to June.  That is what these numbers are telling us.

And these aren’t exactly small numbers either.

The GTA-numbers on the left might be less volatile, but look at the City of Toronto – even without the massive 7.81% decline from 2017, when the market was weak from April onwards, we have two years over 5%, and from 2011 to 2017, the drops average 3.97%.

So while the 0.32% and 1.00% increases in the GTA and City of Toronto, respectively, don’t seem like much on their own, they represent an absolute breakthrough for the market.

My “gut” told me that June was okay, but it didn’t feel like March or April out there.  I had some barnburner condo sales, but I felt as though the freehold market had dropped off significantly.

I had two tough listings in June, both under-priced with “offer nights,” both which only got one offer.

I’m pleased to say that I was able to get $150,000 and $95,000 respectively over-asking for each property, but the sellers in both cases were distraught that only one bidder showed up for their home.

These sales, I felt, showed me that the market had, in fact, slowed a little.

And throughout June, I continued to “feel” that the market had pulled back ever-so-slightly.

“Averages” are not exact measures of the market, but overall, it looks as though June was actually a very strong month, even if I had a couple of listings that didn’t produce the desired response.

So I guess the next question is: where do we go from here?

The GTA-wide average home prices in April, May, and June were $804,584, $805,320, and $807,871 respectively.  That’s some kind of consistency!

July has to be slower than June, and although the chart above would dictate that looking at what’s happened in the past is no real measure of the future (at least in 2018), I have to think that we see the average home price in Toronto dip back down to $790,000 through August, before we head into a typically busy fall.

The average drop in price from June to July from 2015 to 2017 was 4.69%, 4.92%, and 6.01% respectively.

But based on the exceptional consistency in April/May/June, and the trend-breaker we just analyzed in June itself, I can see July and August being busier than normal.

It all lines up for what should, or at least could be a very busy Fall, 2018 market.

The post Why Was June The Most Telling Month In 2018? appeared first on Toronto Realty Blog.

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