Market Analysis

December 2018



 

Curious About What's SOLD In Your Condo Building Or Neighbourhood?

Now you can get daily, weekly or monthly updates of market activity (new & sold listings) in your specific condo building or from the neighbourhood around your house.

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December 2018... 

 

Report On Downtown Toronto Condo Prices

Curious about what your downtown Toronto condo may be worth?

Here’s an easy, online way to find out what suites like yours are selling for in today’s market.

Get this free report with up-to-the-minute statistics based on all the recent listings and sales of condos in your building.

Get Your Free December 2018 Condo Valuation Here


From Our Buyer University Series...

 

Avoiding Home Buyers Remorse

Have you ever bought something but then, later on, found yourself regretting that purchase decision?  Well, it’s no big deal when you can easily return or exchange something like a pair of pants or even a leather purse.
 
A house, on the other hand, is much more permanent.  It’s not only the largest investment you’ll ever make, but it’s also the place you’ll come home to every day, and where you’ll spend years making life memories as your family grows.

Click Here To Read More


December 2018...

 

Report On Toronto House Values

Semi and detached house prices have been bouncing around the last few months in Toronto with the changes in the market.

Some neighbourhoods are being affected greatly... others not so much.

Would you like to be brought up-to-date with what your Toronto house is worth right now?

Get Your Free December 2018 House Valuation Here


From Our Seller University Series...

 

Get Ready... Showings Start Tomorrow 10 am

Every seller’s primary goal is to get the most money possible for their home.  After 36+ years helping Toronto seller’s and buyers, that is an absolute truth.
 
Another truth is the more you make your home available for buyer agents and their clients to view the interior, the more interest we can generate and, in all probability, the better price we will get.

Click Here To Read More
 

Toronto's Real Estate Team
Toronto Real Estate Market Analysis
For November 2018

 

Hi [FirstName],

The Toronto real estate market has seemingly self-compensated for slower sales in November by lowering the inventory of condos and houses listed for sale.  This has resulted in the ratio of sales-to-listings to remain exactly where it’s been almost all year.

 

Condo owners who’ve been long-term investors have seen some excellent appreciation and frankly, they’re realistically looking at more of the same over the next few years as condominium living downtown becomes more prevalent and the ‘affordable choice’ for first-time and move-up buyers.

 

It almost seems fair that the market take a bit of a pause after seeing an average 12% annual appreciation every year since 2014.

 

The big exception to this ’soft landing’ as it were is the sale of properties in many York Region communities where they’re looking at a 12-15% decrease in average sale prices in November.

 

If we see between an expected 4,000 to 5,000 sales in December (giving us about 78,000 transactions over the entire year), 2018 will go down as the lowest number of sales since 2008 when 74,500 homes changed hands.

 

To get an ‘internet’ valuation and have an alert set up for your condo, check out DowntownTorontoCondoValues.com and for your house, go to DowntownTorontoHouseValues.com.

 

To keep current on market activity and analysis throughout each month go to Facebook and ‘Like’ my Toronto Real Estate Analysis page.

 

Watch the video or read the NOVEMBER 2018 Market Report Analysis and please keep me in mind when any of your friends are talking about buying or selling real estate in Toronto.

Thomas
647-962-1650
Thomas@LivingInToronto.com



Steady as she goes... [VIDEO]

Sales were down 14.7% for November compared to last year with 6,251 houses and condominiums changing hands in all the districts.  This was the lowest number of sales for the month since 2012.
 
Condo townhouse and high-rise suites took a significant 38% share of the market with 2,365 units being sold.
 
The November average sale price for all GTA homes came in at $788,345 – this was a modest 3.5% increase from one year ago.  This was just fractionally above the average two years ago in November.
 
The active listing inventory is one of the strongest indicators of how slow or fast the market has been moving.  The inventory average for the month of November compared to historical numbers and compared to last year at this time were both down almost 10%.
 
This is actually a good sign since we’re not being overwhelmed with high inventory levels and probably keeping us from seeing a slump in prices in some GTA locations.
 
The sales-to-listings OR percent-chance-of-selling ratio is how we determine what type of market we’re actually in.  24-28% is a neutral market, below 24% is a buyer’s market and above 28% is a seller’s market.
 
In November, that ratio finished at 38.1% - 2 percent below last year – pretty close to what we’ve been seeing all year.  The GTA overall is in a moderate seller market territory so sellers may need to adjust their pricing expectations if they want to make a move.
 
The days-on-market average for GTA / Toronto homes was 27 days, 3 days slower than in October.

Watch the video to get the complete November 2018 Market Report details.


If you'd prefer to read the full market report details, click here.



Keep Your Ears Open For Real Estate Conversations...

People always feel good about recommending a person or a business where they've received terrific service. They want their friends to enjoy the same great experience they had. 

Please keep us in mind throughout 2018 whenever you hear friends talk about real estate at any time... we're always here to advise, consult and help.

Thomas


 

Amazing Free Services Available From This Professional Realtor


As a successful Toronto Realtor helping condo and house buyers and sellers since 1980, I've developed many programs and services to assist people with their real estate needs.

I've even written several soft-cover books and reports to help explain how buyers and sellers can make their best, informed decisions.

There are important benefits and advantages to being well prepared for the upcoming real estate experience.

You definitely want to avoid making significant buying or selling mistakes.

Here's a list of my 'Free Stuff' that's available to you.
 



Toronto's Real Estate Team - Thomas Cook @ RE/MAX
Expect Amazing

Real Estate Sales Representative @ RE/MAX Hallmark Realty Ltd Brokerage
785 Queen Street East in Leslieville


Thomas@LivingInToronto.com
Direct => 647-962-1650

Become a smart, educated Toronto buyer or seller.  Go ahead and download any of these books or reports at no charge.

Author || Ultimate Home Buyer’s Guide
Author || Home Buyer's Financing Guide
Author || Insider Tips For Getting The Best Price (For Toronto condo sellers)
Author || Get Free Money From The Federal Government (For 1st-time buyers)
Author || Best Capital Gains Tax Advice For Smart Investors
Author || Guide To Attracting The Best Tenants
Author || Guide To Downtown Toronto Condo Prices (for Toronto condo buyers)
Author || 
Insider Advice For Getting The Best Price (For Toronto house sellers)

Awards || RE/MAX's 2nd highest award - Circle Of Legends
Experience || Thousands of homes sold since 1980
Professional Designations || ABR, SRES
Charity Support || Over $117,500 contributed to the Toronto Sick Kids Hospital