Thursday, October 17, 2019
GTA REALTORS® Release September 2019 Market Watch
October 3, 2019 -- Toronto Real Estate Board President Michael Collins
announced that Greater Toronto Area REALTORS® reported 7,825 sales through
TREB's MLS® System in September 2019. This result represented strong
year-over-year sales growth of 22 per cent compared to 6,414 sales reported in
September 2018. It is important to note, however, that sales remain well-below
the record September 2016 peak of more than 9,800 sales.
On
a preliminary seasonally adjusted basis, the September 2019 sales level
remained in virtually the same as the August 2019 result.
The supply of listings continued
to be a concern in September 2019, with new listings down by 1.9 per cent
year-over-year to 15,611. We have experienced multiple months this year wherein
the annual rate of sales growth outpaced the annual rate of new listings
growth, resulting in the overall number of active listings at month-end being
well-below last year's levels. This speaks to tightening market conditions and
an accelerating annual rate of price growth.
The annual rate of price growth
in September reached the highest point so far in 2019. The MLS® Home Price
Index (HPI) Composite Benchmark was up by 5.2 per cent on a year-over-year
basis in September. The average selling price for all home types combined was
up by a similar annual rate of 5.8 per cent to $843,115.
On a preliminary seasonally adjusted basis, the September
2019 average selling price was up by 1.2 per cent compared to August 2019.Tuesday, October 15, 2019
3 Ways to Sell Your Home Quickly
3 Ways to Sell Your Home Quickly
When you put your home on the market, chances are you’ll cross your fingers and hope that a good offer – or two or three – will come in fairly quickly. So, what can you do to help make that happen? A lot!
Here are just three of many sure-fire ways to speed up the sale of your home.
1. Price it right. Your home will sell more quickly when the list price is set at or near the current market value. That value is calculated using a number of factors, including what similar homes in the area sold for recently. You don’t want the price to be set too high, otherwise few, if any, buyers will bother to see it. On the other hand, setting the price too low may not excite as many buyers as you might think, and you may end up leaving a lot of money on the table.
2. Staging. This is all about presenting each room of your home in a way that looks attractive to buyers. The technique involves decluttering, reorganizing furniture, and decorating strategically. Staging is proven to reduce the number of days a home sits on the market. In fact, many studies suggest you can expect a 10-20% reduction in days on the market. Consider hiring a professional stager or get some good staging advice and do it yourself.
3. Flexibility. During the listing period, if you’re flexible when it comes to scheduling viewings, more buyers will see your home. More buyers means more chances that at least one will become interested and make an offer.
The great thing about these strategies is none involve lowering the price of your home.
Friday, October 11, 2019
Thursday, October 10, 2019
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