Yes you read that right 16.2%!
This is great news if you have been thinking about selling your home. As I’m sure you have heard in numerous reports in the media, multiple offers are rampant on homes for sale in the GTA.
We are in the midst of a spring market frenzy and an unusual phenomena of multiple buyers for every ONE home! I honestly haven’t seen this type of activity in my 20 years selling real estate! Yes, there is always seasonality to buying and selling in real estate but, quite simply supply and demand will drive a real estate market.
If you have been putting off selling your home this might be the information you need to make the decision to take advantage of these prices. 16.2% makes a pretty big difference!
The sweet spot right now is the $700-900K price range. On a $700K house that translates to more than $100K on the sale price of your house and yes we are seeing multiple offers on houses on average paying more than $100K of the asking price.
Maybe its time for you and I to sit down and do that up-to-date evaluation and find out exactly what your house is worth in today’s market. OR if you are curious what your neighbours sold for, please get in touch with me and I’ll be happy to provide you with the latest sales.
Knowledge is power! Be an informed howeowner of THE most important foundational piece of your financial plan.
As always, I’m here to assist you and answer any questions you have.
P.S. If you know of someone who could benefit from receiving this information, please share this information with them.