Why do some houses sell in Etobicoke and others don’t?

Etobicoke Real Estate

Have you ever driven by a For Sale sign on a house in Etobicoke and wondered, “That house has been on the market for a long time, I wonder why it isn’t selling”? You might have asked that question because you were worried the same thing would happen when you put your own house on the Etobicoke real estate market!

Often a home doesn’t sell for one of three reasons:

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Toronto and Etobicoke Real Estate Home Sales for April 2018

Toronto and Etobicoke Real Estate Homes Sales for September 2017
Looking for current information on Toronto and Etobicoke Real Estate Home Sales for April 2018? Here are your Toronto and Etobicoke Real Estate Homes Sales for April 2018

GTA REALTORS® Release April Stats

Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 7,792 sales through TREB’s MLS® System in April 2018. The average selling price was $804,584. On a year-over-year basis, sales were down by 32.1 per cent and the average selling price was down by 12.4 per cent.

The year-over-year change in the overall average selling price has been impacted by both changes in market conditions as well as changes in the type and price point of homes being purchased. This is especially clear at the higher end of the market. Detached home sales for $2 million or more accounted for 5.5 per cent of total detached sales in April 2018, versus 10 per cent in April 2017. The MLS® Home Price Index strips out the impact of changes in the mix of home sales from one year to the next. This is why the MLS® HPI Composite Benchmark was down by only 5.2 per cent year-over-year versus 12.4 per cent for the average price.

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Preparing for the Etobicoke Spring Real Estate Market

Preparing for the Etobicoke Spring Real Estate Market?

Here we are in the spring real estate market, a time when we start to see more “For Sale” signs popping up in Etobicoke.  Could your house also be included?

Listing your house on the market is more than just putting a “For Sale” sign on the lawn. There are many factors to consider such as marketing your property and most importantly preparing it for sale to appeal to the widest range of buyers in order to get as many people through the door as possible.  Your home has to stand out!

Etobicoke Real Estate

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Toronto and Etobicoke Real Estate Homes Sales for March 2018

Toronto and Etobicoke Real Estate Homes Sales for September 2017
Looking for current information on Toronto and Etobicoke Real Estate Home Sales for March 2018?

GTA REALTORS® Release March Stats

Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 7,228 residential transactions through TREB’s MLS® System in March 2018. This result was down by 39.5 per cent compared to a record 11,954 sales reported in March 2017 and down 17.6 per cent relative to average March sales for the previous 10 years.

The number of new listings entered into TREB’s MLS® System totaled 14,866 – a 12.4 per cent decrease compared to March 2017 and a three per cent decrease compared to the average for the previous 10 years.

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Avoid these common Etobicoke home buying pitfalls

Avoid these common Etobicoke home buying pitfalls

 

 

 

Buying a home in Etobicoke can be stressful as prospective homeowners do their best to make a good decision in what will likely be the biggest financial decision of their lives. Here are common mistakes to avoid.

Your deposit is not readily accessible. Manage your banking before you fall in love with your home and don’t forget to account for other funds you may need during the process.

  
 

You’ve removed the condition of financing. Pre-approval is not the same as acquiring a mortgage. When buyers omit the financing condition, problems can arise if the lender cancels or reduces the approved amount when the home is appraised at less than what you are paying.

You’ve waived the home inspection. Your dream home may be hiding a leaky roof, major foundation problems or an out-of-date electrical system.

Your new home adds pressure to buy new things. Don’t overextend yourself until you are certain your needs are paid off.

Your sacrifices were more than you considered. Perhaps you didn’t realize how much you enjoyed being able to walk to your favourite restaurants, shops or parks. Make a list of must-haves and try to visualize what your life would be like in the new property.

Interested in learning more about how you can buy a great home in Etobicoke and how I can help you avoid these pitfalls and more?

Please call or click here to schedule your free complimentary strategy session. We’ll go over your game plan, your wants and needs and I’ll tell you whether or not we can find exactly what you are looking for!

 

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Thinking of Selling Your Home in Etobicoke?

Etobicoke Real Estate

Selling Your Etobicoke Home

Thinking of Selling Your Home in Etobicoke? Preparation is Key!

Placing your home on the market requires objectivity and a specific amount of preparation. I always say the behind the scenes time and preparation pays huge dividends when it comes to selling your home. Do not underestimate a well laid out plan and professional at your side.

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Toronto and Etobicoke Real Estate Homes Sales for February 2018

Toronto and Etobicoke Real Estate Homes Sales for September 2017
Looking for current information on Toronto and Etobicoke Real Estate Home Sales for February 2018?

GTA REALTORS® Release February Stats

Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 5,175 residential transactions through TREB’s MLS® System in February 2018. This result was down 34.9 percent compared to the record 7,955 sales reported in February 2017.

The number of new listings entered into TREB’s MLS® System totaled 10,520, a 7.3 per cent increase compared to the 9,801 new listings entered in February 2017. However, the level of new listings remained below the average for the month of February for the previous 10 years.

 

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S.M.A.R.T. Goals Lead to a Beautiful Etobicoke Home.

We may be a few months into the new year, and you may already have started too feel some guilt around your resolution! Many people have trouble keeping the promises they make themselves – especially when they are big, vague goals like buying a beautiful Etobicoke home, for example.

Whatever your goal is, this is the time of year people start feeling a little anxious about them. That doesn’t have to be you however. If you have something you want to achieve over the coming months, you’re not alone. But you CAN be one of the ones who achieves it! You’ll have a much better chance of reaching your goal if you make it “SMART”.

SMART is an acronym that refers to the five ingredients of a successful goal: specific, measurable, achievable, realistic, and time-bound. It is based on the work of famed management guru Peter Drucker, but the technique is equally applicable to personal goals.

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If you have been thinking about selling, now is really a good time!

Did you know February is the only calendar month to have a length of less than 30 days! It’s usually 28 days unless it’s a leap year and the only calendar month that can pass without a full Moon (as is the case this year). Speaking of calendars did you get your 2018 wall calendar yet? If not, I still have some extra ones and can happily drop one off to you. Let me know by sending me an email or give me a call.

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We are in the midst of February and time is flying by. We have seen brisk sales in the Etobicoke area so far this year. Ask me about your Etobicoke neighbourhood and how many days it is taking to sell a home.

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Toronto and Etobicoke Real Estate Homes Sales for January 2018

Toronto and Etobicoke Real Estate Homes Sales for September 2017
Looking for current information on Toronto and Etobicoke Real Estate Home Sales for January 2018?

GTA REALTORS® Release January Stats

Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 4,019 residential transactions through TREB’s MLS® System in January 2018. This result was down by 22% compared to a record 5,155 sales reported in January 2017.

The number of new listings entered into TREB’s MLS® System amounted to 8,585 – a 17.4 per cent increase compared to 7,314 new listings entered in January 2017. However, it is important to note that the level of new listings was the second lowest for the month of January in the past 10 years.

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