With the first full month of the fall real estate market behind us, it’s shaping up to be an active season.
Across the Greater Toronto Area, September home sales were up 1.9% and the average selling price, for all home types, rose 2.9% to $796,786 compared to September 2017.
Home sales rose for all property types across the G.T.A. with the exception of the condominium market segment. The most significant sales gain was in the townhome market segment. Townhome sales rose 8.5%. Detached and semi-detached homes sales were up 2.7%. Condominiums sales ended the month -3.2% year over year.
New listings were down -3.1% and active listings, the number of homes available for sale, were up 5.6% compared to 2017. “With sales up year-over-year and new listings down, market conditions became tighter. Many buyers may have found it more difficult to find a home meeting their needs,” says TREB in their latest market report.
Home price growth across the G.T.A. was stronger in the higher density home types. Condominiums were up 10% to an average selling price of $570,140. Semi-detached homes rose 5.3% to an average selling price of $792,353. Townhomes gained 4.1% to an average selling price of $634,314 and detached homes finished the month down -0.6% to an average selling price of $1,008,361 compared to September 2017.
In the 905 regions, home sales growth was also driven by the higher density market segment. Townhomes showed the strongest performance of all home types, up 7.9% compared to September 2017. Semi-detached homes were up 4.2%. The condominium segment followed closely behind, up 3.0 %. Detached home sales rose 2.1%.
Home price growth in the 905 regions followed a similar trend to the broader G.T.A. market. Condominiums rose 6.4% to an average selling price of $455,686. Semi-detached homes rose 5.0% to an average selling price of $661,907. Townhomes were up 2.5% to an average selling price of $600,947. Detached homes ended September down -0.6% at an average selling price of $905,722.
Going forward, from Q2 2018 to the end of 2018, Royal LePage predicts national prices will rise 4.5 %. “And we expect the fourth quarter, which is traditionally quite a quiet time of the year, to be more robust than normal, as some of that pent up demand caused by the implementation of the mortgage stress test starts to kick in. People have adjusted to the changes,” says Phil Soper, president and CEO of Royal LePage.
If buying or selling a home is in your plans, reach out by text or email at david@dodicteam.com or give us a call any time at 416-606-2158. We’ll walk you step by step through a strategy that meets your unique needs and close the deal that is right for you. Give us a call today!
Warmest regards,
David Dodic
New To Market!
4170 Sunflower Drive, Mississauga, ON, L5L 2L5
$829,900
A Sprawling 4 Bed, 4 Bath Family Home With Income Potential In A Sought-After Erin Mills Location!
Located In A Highly Coveted Neighbourhood In Prime Erin Mills, This 2-Storey, 2,000+ Square Foot Detached Home Is The Perfect Place For The Growing, Active Family To Call Home!
Main Floor Features Include A Large, Family-Size Kitchen With Breakfast Area And A Combined Living/Dining Area With A Balcony Walk-Out To The Yard. The Upper Level Boasts A Master Bedroom Get-A-Way With Double Door Entry, Wall To Wall Closets And A 4-Piece Ensuite And Three Very Generous Bedrooms, All With Oversized Double Closets. The Lower Level Features A Bright, Well Laid Out Basement Apartment With Above Grade Window.
The Exterior Features Beautiful Curb Appeal With A New Walkway, An Oversized Double Driveway And A Private Fenced Yard. Garage Entrance To The Home. Parking For Four Cars With A Private Double Drive And Attached Double Garage.
A Quiet, Safe Family-Friendly Neighbourhood. Steps To A Park. Minutes To Schools; Walking, Biking and Hiking Trails; Top-Quality Recreational Facilities; Great Shopping And Easy Commuting Via GO Transit And Major Highways.
For More Pictures And Property Details, Click here
New Price!
48 Vista Green Crescent, Brampton, ON, L7A 2S3
$727,900
A Stunning Mattamy Built Home On A Gorgeous Ravine Lot In Brampton’s Highly Sought-After Neighbourhood Of Fletcher’s Meadow!
Featuring Hardwood Floors Throughout, 4 Washrooms, Elegant Living/Dining Area, Main Floor Family Room, A Beautiful, Renovated Kitchen (2014) With Quartz Countertops, Marble Backsplash And Stainless Steel Appliances, Walkout To A Backyard Paradise, Amazing Views From Your Cedar Deck Of Ponds, Willows And Greenery, Spacious Master With A 4-Piece Ensuite And Walk-In Closet. Finished Basement With A Huge Recreation Room And 4th Bedroom With 3-Piece Ensuite. Covered Front Porch.
Steps Away From The Park And Community Centre. Close To All Amenities And Public Transit.
For Full Property Details and To Watch The Virtual Tour of this Amazing Home, Click Here
Just Listed!
A Great Investment Opportunity!
2550 Bromus Path, Oshawa, ON
$477,900
A Gorgeous Executive 3 Bed, 3 Bath Executive Townhouse In North Oshawa’s Newest Community!
Features A Beautifully Upgraded Oak Staircase With Iron Spindles, Designer Laminate Floor Throughout, Upgraded Baseboards, Gorgeous Maple Veneer Kitchen With Granite Counter Tops & Stainless Steel Appliances, A Master Bedroom Get Away Featuring A 5 Piece Ensuite With Soaker Tub, Double Sinks & Frameless Shower Glass Door.
Minutes To University, Durham College, Soccer Dome, Ice Rink & Hwy 407. Upcoming 85 Acre Retail Centre.
For Additional Pictures, Property Details And To Watch The Virtual Tour, Click Here
Just Listed!
710 Humberwood Blvd., Unit 112, Toronto, ON
$384,900
The Condominium You’ve Been Waiting For! A Fabulous Oversized 1 Bed, 1 Bath Ground Floor Corner Unit!
Features A Foyer Entrance With A Double Mirrored Closet, 810 Sq. of Spacious Living, 9 Ft. Ceilings With Windows On Two Sides Of The Unit, A Galley Kitchen With A Breakfast Area And A Large Pantry, A Spacious Living/Dining Area With Laminate Floors And A Walk-Out To A Patio Area W/Gas BBQ Hook Up And A Master Bedroom With Double Closet. Underground Parking.
Building Amenities Include Concierge, Exercise Room, Indoor Pool and Security Guard. BBQ’s Allowed.
For Additional Pictures, Property Details and To Watch The Virtual Tour, Click Here
Sold Over Asking In Multiple Offers In 2 Days!!
3368 Kings Masting Crescent, Mississauga, ON
So happy for our clients on the sale of their amazing home! Nestled on a large private lot in an outstanding family neighbourhood in prime Erin Mills, their lovely 4 bed, 2 bath semi-detached home drove high buyer emotion and demand from the moment it listed. In just 2 days, this home sold in multiple offers over the asking price!!For Pictures, Property Details and To Watch The Virtual Tour of this Amazing Home, Click Here
Looking to sell your home quickly, easily and and for top dollar? Give us a call today!
Showcase, Market, Sell
Choosing the right agent to sell your home is an important decision. The right agent should not only be experienced but have a marketing plan to get the results you’re looking for. A plan that will get you top dollar, quickly!
Our Showcase, Market, Sell is an effective, structured, step-by-step marketing plan that we’ve developed over the past 25 years. See how it makes a difference. Simply click on the image below….
Put The Dodic Team Advantage To Work For You!
Need to Know the Value of Your Home?
We’re local market experts. We’d be happy to help!
Click HERE for a Complimentary and Confidential Home Evaluation or simply give us a call anytime at 416-606-2158.
We’ll analyze your property and determine your home’s true market value in today’s current market to get your home sold quickly, easily and for top dollar!
Your Dream Home Is Out There. Let Our Experienced Team Help You Find It!
Buying a home is one of the most important financial decisions you’ll make in your lifetime. It’s a complicated transaction that requires professional knowledge and guidance that only an experienced real estate team can provide.
With our decades of expertise in the Mississauga and West G.T.A. markets, our hands-on approach, honest advice and customized buying experience, our team provides a real estate service unlike any other. We’ll guide you through the entire home buying process and act as your advisor, consultant and negotiator every step of the way.
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Make Buyers Fall In Love From The Street With Outstanding Fall Curb Appeal! Outstanding fall curb appeal will go a long way in making potential buyers truly fall in love with your home from the street, creating high buyer emotion, excitement and demand for your home. Make it memorable with seasonal pops of colour and a spotlessly clean and well-maintained look! Learn More Here
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Preparing Your Home For Sale…. It’s All About The Details! If you’re planning to put your home on the market, it goes without saying that you want your home to sell fast and for top dollar. Preparing your home for sale is the first and one of the most critical steps in the home selling process. Set the stage for success with these tips for styling and upgrading your home to increase the value of your property and make that great first impression! Learn More Here
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Dressed To Sell! Top 5 Reasons To Stage Your Home! If you’re looking to sell your home quickly, easily and for top dollar, professional home staging can make all the difference. Research shows that buyers fall in love with, and are willing to pay more for, “move-in ready” homes. Research also shows that buyers form a first impression within the first 90 seconds. Creating that “wow” factor will drive high buyer emotion and demand for your home. Stage your home and set yourself up for home selling success! Learn More Here |
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Is Your Credit Score Striking Out Or Knocking It Out Of The Park? If you’re considering buying a home and looking to secure a mortgage, it’s imperative that you maintain a healthy credit score. Having a good credit rating goes a long way in terms of your ability to borrow. It tells a lender a great deal about your credit history and ultimately the status of your financial health. Learn More Here
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Should I Buy Or Sell First? By Joseph Richter, Registrar of the Real Estate Council of Ontario (RECO). reco.on.ca. Ask Joe Questions, June 30, 2018. The ideal situation for most consumers in your situation is to buy and sell simultaneously, so the closing dates align and you have only one moving day. Unfortunately, that isn’t always possible. I strongly advise you to think carefully about your needs, financial status and tolerance for risk…. Learn More Here
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Buying or selling a home is a major life milestone. Your home is where you establish safety, security and stability for your family. It’s your shelter and your sanctuary. It’s where you raise your kids; build lifelong memories with friends and family, and so much more! It’s also one of the most important financial decisions you’ll make in your lifetime. For buyers, it’s one of your most significant long-term financial investments. For sellers, your home represents one of your largest financial assets. Partnering with a professional, knowledgeable and experienced real estate team that can successfully navigate you through this life-altering transition, while maximizing your return on investment, makes all the difference.
Our approach to our real estate business is simple. We keep our clients’ best interest at the core of everything we do. We make that happen through listening more than talking; communicating openly, honestly and transparently at all times; leveraging our team’s multi-faceted skills, experience and expertise to guide you to smart decisions that maximize your return on investment and negotiating hard on your behalf for the best possible outcome for you and your family. When selling a home, we’ll work to get you the highest possible price in the least amount of time. When buying a home, we’ll guide you to a great investment, not just for today, but for many years to come.
See why so many people choose the David Dodic Real Estate Team….
From start to finish, we always make sure we go above and beyond for our clients. Here’s what they have to say about working with us….
