|
"Real
Estate Bits"
November 2009
Market Update
TREB Reports Strong Growth in October MLS Transactions
Toronto, November 4, 2009 - In October 2009, Greater Toronto Realtors reported 8476 sales, up 64% cent from October 2008. The average price for October transactions was $423,559 – up by 20% compared to the same month last year.
"Strong sales growth has occurred across many property classes – from price ranges that would attract first-time buyers to luxury properties selling for over one million dollars," said TREB President Tom Lebour. “The highest rate of sales growth in October was experienced for properties selling for over $750,000. In contrast, luxury home sales declined at an above-average rate last year.”
Year-to-date sales, at 74,721, were up 9% per cent compared to the first ten months of 2008. Average price, at $392,264 was up by almost 3%. "After a short dip in the winter, the average home price in the GTA has rebounded because sales have been high relative to listings," according to Jason Mercer, TREB's Senior Manager of Market Analysis.
“Watch for listings to rebound in 2010 as home owners react to the strong sales and price growth experienced in the latter half of this year.”
Average Days On Market in October was 26
What They Sold For:
This Graph Shows Monthly GTA Sales
By Volume and Price Category
September
2009
October
2009
Year-Over-Year Sales and Price Comparison
| Year-2007 |
# of Sales |
Average Price |
| |
|
|
| Total |
93,193 |
$376,236 |
| |
|
|
| Year-2008 |
# of Sales |
Average Price |
| |
|
|
| January |
5075 |
$374,449 |
| February |
6015 |
$382,084 |
| March |
6631 |
$380,338 |
| April |
8762 |
$398,687 |
| May |
9411 |
$388,839 |
| June |
8600 |
$394,931 |
| July |
7806 |
$371,427 |
| August |
6318 |
$364,886 |
| September |
6424 |
$368,549 |
| October |
5155 |
$352,974 |
| November |
3640 |
$368,582 |
| December |
2577 |
$361,415 |
| |
|
|
| Year-2009 |
# of Sales |
Average Price |
| |
|
|
| January |
2670 |
$343,632 |
| February |
4120 |
$361,305 |
| March |
6171 |
$362,050 |
| April |
8107 |
$385,641 |
| May |
9589 |
$395,609 |
| June |
10955 |
$403,972 |
| July |
9967 |
$395,414 |
| August |
8035 |
$387,921 |
| September |
8196 |
$406,877 |
| October |
8476 |
$423,559 |
Web-Site Of Interest
www.tmcrestoration.com
TMC Restoration
Restore Your Furniture
Reupholstery – Refinishing – Antique Restoration
Free In-Home Estimates
Mortgages
Rates As Of November 16,
2009
Nino will guarantee these
rates for 120 days for any "confirmed" client of Rosemary Wright if
you bring this newsletter with you!
These "Preferred Rates" are available for new
mortgages for any of my clients who bank with Nino Pasquariello,
Senior Bank Manager of Scotiabank & Trust. Nino's office is located
at 2200 Yonge Street (at Eglinton) in Toronto.
(Bus): 416-932-3885
#7000 (Fax): 416-932-3167
E-Mail:
nino.pasquariello@scotiabank.com
Scotiabank Web-Site:
www.scotiabank.com
Find The Best Way To Use "Your" Money
|
6 Month Open |
6.50%
|
|
6 Month Closed |
4.35%
|
|
1 Year Open |
6.75% |
|
1 Year Closed |
2.55% -
Bank's Discretion |
|
2 Year Closed |
3.65% |
|
3 Year Closed |
3.90% |
|
4 Year Closed |
4.30% |
|
5 Year Closed |
4.79% |
|
5 Year Scotia Flex-Closed |
2.45 % (Prime + 0.20) |
|
5 Year Scotia Flex-Open |
3.05 % (Prime + 0.80) |
|
7 Year Closed |
5.55%
|
|
10 Year Closed |
5.85%
|
We
are unable to guarantee the rate on the Prime Based Variable
Rate products. Rates will be based on Prime at the time of
the mortgage closing. On a Pre-Approved Mortgage the rate is protected for 120 days from the date of application.
Please be aware that rates can change at any time.
Please call Scotiabank for more details on their 5 Year “Flex Value” products..
Business Of The Month
Lise Roy Décor
Decorating & Home Staging
(647) 340-3994
lise_roy@rogers.com
Home Inspection Companies
Just for Fun...
Really, Really Bad Jokes
Black Lingerie
I had lunch with 2 of my unmarried friends. One is engaged, one is a mistress, and I have been married for 23 years. We were chatting about our relationships and we decided to amaze our men by
greeting them at the front door wearing a black bra, lacey panties, stiletto heels and a black mask over our eyes.
We agreed that we would meet again in a few days to exchange notes.
This is how it went when we met later in the week to exchange stories.
My engaged friend: The other night when my boyfriend came over he found me with a black leather bodice, black panties, tall stilettos and that wonderful black feather mask I wore to the Halloween party last year. He saw me and said, "You are definitely the woman of my dreams. I love you and then we made passionate love all night long.
The mistress: "Me too! The other night I met my lover at his office and I was wearing a raincoat and under it only the black bra, French cut panties and a mask over my eyes. When I opened the raincoat he didn't say a word, he kissed me passionately and
then we had sex night."
Then I had to share my story: When my husband came home I was wearing my lacey black bra, panties, thigh high black stockings and mask over my eyes. He came through the door smiled, looked me up and down and said “What’s for dinner Batman?”
In October, the median price was $357,000, up from the $312,000 recorded during October of 2008.
Business Referrals
Client & Networking referrals are the foundation of a
successful real estate sales representative's career. Over many years in
this industry I have enjoyed the confidence and repeat
business of my clients. I appreciate your on-going support
and want you to know that I will always look after friends
and colleagues you refer to me with professionalism, care
and respect.
Rosemary Wright
Sales Representative
Sutton Group-Bayview Realty Inc., Brokerage
Independently Owned & Operateded
(Bus): (416) 483-8000
(Fax): (416) 463-0159
WebSite:
www.rosemarywright.com
E-Mail:
mail@rosemarywright.com
"Professional Service With A Personal Touch"
T his newsletter is never sent unsolicited. If you wish to
be removed, please reply to this
E-Mail with the words "Remove from Newsletter" in the
subject line or call me at
(416) 483-8000 to request removal.
The intent of the newsletters - "Real Estate Bits" &
"Real Estate Bits - 2" is to provide information to you
regarding real estate. Personal details such as your
name, contact information and address are never revealed
to anyone without your consent. In accordance with the
new
Privacy Act,
your consent must be given
(either implicitly or explicitly) to receive these
newsletters. If you do not want to receive my newsletters
- please notify me. My newsletters are not
intended to solicit Buyers or Sellers who are currently
under contract with any Broker.
The information and opinions contained, statistics and
articles are courtesy of TREB, CMHC or other individuals
or companies and are believed to be reliable, but their
accuracy is not guaranteed. Sutton Group-Bayview Realty
Inc., Brokerage and Rosemary Wright accept no
responsibility whatsoever for any loss arising from any
use or reliance on the accuracy and timeliness of the
information contained herein. Every endeavour is made to
ensure accuracy. These newsletters do not render
financial, legal, accounting, home inspection or
professional advice. They are for general educational
purposes only. They do not offer do-it-yourself advice.
We encourage you to always contact the appropriate
professionals or specialists to address your individual
needs.
E&OE |
