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The Spring Real Estate Market is Here!
Thinking about Making a Move?
Do you know the Value of Your Home?
Give Jim a Call & Get SOLD!
Knowing the value of your property in today's uncertain market can help you make
important financial decisions for you and your family.
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The Spring Real Estate Market is begining to Heat Up!
Thinking about making a Move?
call Jim Today
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Have you been thinking about selling your home?
It may be worth your while to call me
for a market update to see
what is happening in the today's market!
Your timing may be perfect.
Call or text me @ 905-409-9967
DURHAM REGION, March 6, 2018 – Durham Region Association of REALTORS® (DRAR) President Dennis Roberts reported 604 residential transactions in February 2018, a 28.5 per cent increase over the previous month, and a 27 per cent decrease compared to February 2017. February also saw a 26 per cent increase in the number of new listings in Durham 1,202, compared to the 954 reported in January 2018.
GTA REALTORS® Release February Stats
TORONTO, ONTARIO, March 6, 2018 – Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 5,175 residential transactions through TREB’s MLS® System in February 2018. This result was down 34.9 percent compared to the record 7,955 sales reported in February 2017.
The number of new listings entered into TREB’s MLS® System totaled 10,520, a 7.3 per cent increase compared to the 9,801 new listings entered in February 2017. However, the level of new listings remained below the average for the month of February for the previous 10 years.
“When TREB released its Outlook for 2018, the forecast anticipated a slow start to the year compared to the historically high sales count reported in the winter and early spring of 2017. Prospective home buyers are still coming to terms with the psychological impact of the Fair Housing Plan, and some have also had to reevaluate their plans due to the new OFSI-mandated mortgage stress test guidelines and generally higher borrowing costs,” said Mr. Syrianos.
The MLS® Home Price Index Composite Benchmark was up by 3.2 per cent on a year-over-year basis for the TREB market area as a whole. This growth was driven by the apartment and townhouse market segments, with annual benchmark price increases of 18.8 per cent and 7.5 per cent respectively. Single-family detached and attached benchmark prices were down slightly compared to February 2017. The overall average selling price for February sales was down 12.4% year-over-year to $767,818. However, putting aside the price spike reported in the first quarter of 2017, it is important to note that February’s average price remained 12 per cent higher than the average reported for February 2016, which represents an annualized increase well above the rate of inflation for the past two years.
“As we move further into the spring and summer months, growth in sales and selling prices is expected to pick up relative to last year. Expect stronger price growth to continue in the comparatively more affordable townhouse and condominium apartment segments. This being said, listings supply will likely remain below average in many neighbourhoods in the GTA, which, over the long-term, could further hamper affordability,” said Jason Mercer, TREB’s Director of Market Analysis.
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SOLD OVER LIST PRICE
Welcome to 116 Harbourside Drive Whitby
Lakeside Living! Waterfront Trail At Doorstep
Minutes To Hwys 401 & 412, Go Train And Shopping.
. This beatiufl 3 Bed 3 Bath Town Home Features Eat-In Kitchen,
Stainless Steel Appliances & Walkout To Balcony,
Sun Filled Family Room W/2nd Balcony,
Master Retreat W/4Pc Ensuite And His & Hers Closets.
Lower Level Includes Access To Garage.
A Must See Home!
Drop By Open House Saturday & Sunday
Call today to arrange a viewing of this Great Home!
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