|
"Real
Estate Bits"
July
2010
Market Update
A More Balanced Market In June
July 6, 2010 - Greater Toronto Realtors reported 8442 sales through the Multiple Listing Service - MLS in June 2010. This represented a 23% decrease compared to the record 10,955 sales reported in June 2009. Sales for the second quarter of 2010 amounted to 28,810 - up 1% annually. Year-to-date sales through June were up 23% to 50,455 compared to the first 6 months of 2009.
"We experienced a record number of existing home sales during the first half of 2010, but these sales were weighted more towards the beginning of the year," said Toronto Real Estate Board President Bill Johnston. "The pace of home sales has moderated from the record levels over the past 2 months with the prospect of higher interest and mortgage rates seeming to be a possibility.
The average price for June transactions was $435,034 - up 8% compared to the average of $403,972 recorded for June of 2009.
"With more homes to choose from in the 2nd quarter, many home Buyers have been making less-aggressive offers. This has resulted in less upward pressure on the average selling price," according to Jason Mercer, TREB's Senior Manager of Market Analysis. "The annual rate of average price growth in the second half of this year will undoubtedly be in the single digits."
Average Days On Market in June was 27
What They Sold For:
This Graph Shows Monthly GTA
Sales
By Volume and Price Category
May 2010
June
2010
Year-Over-Year Sales and Price Comparison
| Year-2007 |
# of Sales |
Average Price |
| |
|
|
| Total |
93,193 |
$376,236 |
| |
|
|
| Year-2008 |
# of Sales |
Average Price |
| |
|
|
| Total |
74,552 |
$379,347 |
| |
|
|
| 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 |
10,955 |
$403,972 |
| |
|
|
| Total |
87,308 |
$395,460 |
| |
|
|
| Year-2010 |
# of Sales |
Average Price |
| |
|
|
| January |
4986 |
$409,058 |
| February |
7291 |
$431,509 |
| March |
10,340 |
$434,696 |
| April |
10,898 |
$437,600 |
| May |
9470 |
$446,593 |
| June |
8442 |
$435,034 |
Web-Site Of Interest
www.southhillhome.com
A great selection of beautiful and unique high end
and designer home furnishings.
Mortgages
Rates As Of July 14,
2010
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 |
6.65%
|
|
6 Month Closed |
4.70%
|
|
1 Year Open |
6.70% |
|
1 Year Closed |
2.54% - Bank's
Discretion |
|
2 Year Closed |
3.55% |
|
3 Year Closed |
4.14% |
|
4 Year Closed |
4.54% |
|
5 Year Closed |
4.35% - Bank's
Discretion |
|
5 Year Scotia Flex-Closed |
(Prime Rate less
0.60) (1.90%) |
|
5 Year Scotia Flex-Open |
(Prime Rate plus
0.80) (3.30%) |
|
7 Year Closed |
5.69%
|
|
10 Year Closed |
6.34%
|
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
Norm Stangl
Handyman Services
For all those jobs around the house that need doing!
(647) 703-8620
Home Inspection Companies
Just for Fun...
Really, Really Bad Jokes
More Exam Nonsense
In June 2010 the median price was $367,750 – up from the $345,000 recorded during June of 2009.
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 |
