Market Watch October 2019

For help in interpreting this information as it relates to your property, please call or email me and I will be happy to assist you without any obligation.

Market Snapshot for October 2019 Toronto

Bosley Real Estate Market Insight - Nov 1 2019

MARKET UPDATE FOR THE WEEK ENDING NOVEMBER 1^ST, 2019

Now that Halloween is behind us and the time has come to turn back the clocks this weekend, it’s the world of marketing and retail sales that will keep us focused on the changing seasons. If you haven’t been to a big box store lately you may not have noticed that it is suddenly Christmas everywhere you look. Unfortunately, the real estate market does not flip seasons as easily as your local retailer and the indicators we look for are harder to spot. This fall has been a particularly quirky market. Some areas are hotter than average and setting records and some neighbourhoods feel like they are in a cool chill. We don’t know why this is happening making some of us think that the market will end early and has others thinking it will go to the last day of the year. We will keep on working and l e t you know how our seasonal transition fairs.

Last week in the city the freehold market saw a decline of 27% in new listings but a massive increase of 60% more sales than the past three weeks. This is not uncommon given that we had the federal election and Thanksgiving to contend with. Tight supply has been the ongoing story for most of the year. Homes trading at or above the list price is at a very respectable 65%, well within the range we have seen for a strong fall market.

The condo market held steady with a small 3% increase in new listings, but a 19% increase in sold condos and of those sold 52% sold at or over the list price. Next week we will have the statistics for the month of October to report. Let’s see how that unfolds.

Bosley Real Estate Ltd. is a full service boutique brokerage operating in Toronto, Niagara-on-the-Lake, Port Hope and Cambridge Ontario since 1928. We have four centrally located offices and over 250 sales representatives selling and leasing homes and condominiums in all the vibrant communities we work in. Our brand is well recognized internationally thanks to our unique affiliation with Leading Real Estate Companies of the World. Our sales teams meet weekly to discuss market conditions, trending topics, and anecdotes that more accurately reflect the true temperature of the real estate market.

TREB 2019-Q3 Housing Market Report For Leaside C11

I thought you might be interested in a summary of all the home sales for your neighbourhood for the last 3 months.

Click on the link below for the total number of sales in LEASIDE C11. On the first page you have a breakdown showing detached homes sold, semi-detached, attached/row/townhouses, condo townhouses, condos sold. Also on the 2nd page, the chart shows the Average DOM (Days on Market, the number of days the properties took to sell) and the Average/Median Selling Price.

NOTE: The Average sale price is calculated by adding all the sales in a specific area within a specified time frame and dividing that total by the number of properties sold. The problem is if one or more properties were sold at an extraordinarily high or low price, the average is skewed higher or lower as a result. In this case, the average becomes a somewhat unreliable metric. The Median sale price, on the other hand, is the sale price in the middle of the data set when you arrange all the sale prices from low to high. The Median sale price, then, represents the figure at which half of the properties in the area sell at a higher price and other half at a lower price. 

https://www.patrickrocca.com/files/TorontoCentralQ32019 C11 Oct 31 2019_0.pdf

I hope you find these charts and stats useful. If you are interested in this information for any other neighourhood/community, just drop me an email and I'll send them to you.  If you have any questions, don't hesitate email me at mail@patrickrocca.com.  I'm not only here as your Realtor when you want to buy or sell. I'm also your Real Estate Advisor, here to help you make the most of your Real Estate Investment.

TREB 2019-Q3 Housing Market Report For MOUNT PLEASANT C10

I thought you might be interested in a summary of all the home sales for your neighbourhood for the last 3 months.

Click on the link below for the total number of sales in MOUNT PLEASANT (DAVISVILLE) C10. On the first page you have a breakdown showing detached homes sold, semi-detached, attached/row/townhouses, condo townhouses, condos sold. Also on the 2nd page, the chart shows the Average DOM (Days on Market, the number of days the properties took to sell) and the Average/Median Selling Price.

NOTE: The Average sale price is calculated by adding all the sales in a specific area within a specified time frame and dividing that total by the number of properties sold. The problem is if one or more properties were sold at an extraordinarily high or low price, the average is skewed higher or lower as a result. In this case, the average becomes a somewhat unreliable metric. The Median sale price, on the other hand, is the sale price in the middle of the data set when you arrange all the sale prices from low to high. The Median sale price, then, represents the figure at which half of the properties in the area sell at a higher price and other half at a lower price. 

https://www.patrickrocca.com/files/TorontoCentralQ32019 C10 Oct 31 2019_0.pdf

I hope you find these charts and stats useful. If you are interested in this information for any other neighourhood/community, just drop me an email and I'll send them to you.  If you have any questions, don't hesitate email me at mail@patrickrocca.com. I'm not only here as your Realtor when you want to buy or sell. I'm also your Real Estate Advisor, here to help you make the most of your Real Estate Investment.

TREB 2019-Q3 Housing Market Report For EAST YORK E01/E02/E03

I thought you might be interested in a summary of all the home sales for your neighbourhood for the last 3 months.

Click on the link below for the total number of sales in each of the different neighbourhood or community within East York in TREB Map E01, E02, E03. On the first page in each link, you have a breakdown showing detached homes sold, semi-detached, attached/row/townhouses, condo townhouses, condos sold for each neighbourhood/community. Also on the 2nd page, the charts show the Average DOM (Days on Market, the number of days the properties took to sell) and the Average/Median Selling Price.

NOTE: The Average sale price is calculated by adding all the sales in a specific area within a specified time frame and dividing that total by the number of properties sold. The problem is if one or more properties were sold at an extraordinarily high or low price, the average is skewed higher or lower as a result. In this case, the average becomes a somewhat unreliable metric. The Median sale price, on the other hand, is the sale price in the middle of the data set when you arrange all the sale prices from low to high. The Median sale price, then, represents the figure at which half of the properties in the area sell at a higher price and other half at a lower price. 

https://www.patrickrocca.com/files/TorontoCentralQ32019 E01 Oct 31 2019_1.pdf

https://www.patrickrocca.com/files/TorontoCentralQ32019 E02 Oct 31 2019_1.pdf

https://www.patrickrocca.com/files/TorontoCentralQ32019 E03 Oct 31 2019_1.pdf

I hope you find these charts and stats usual. If you are interested in this information for any other neighourhood/community, just drop me an email and I'll send them to you.  If you have any questions, don't hesitate email me at mail@patrickrocca.com. I'm not only here as your Realtor when you want to buy or sell. I'm also your Real Estate Advisor, here to help you make the most of your Real Estate Investment.

Market Watch September 2019

For help in interpreting this information as it relates to your property, please call or email me and I will be happy to assist you without any obligation.