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Vaughan Real Estate Homes For Sale Market Update YTD December 2011

2012-01-13T12:26:00.000-08:00

Vaughan Real Estate- Vaughan Homes For Sale- Market Update – December 2011 YTD

     First off, I’d like to wish myfamily, friends, colleagues, clients and followers of my blog a very Happy NewYear. I wish everyone all the best for 2012. Here’s to a healthy, happy andprosperous 2012.

     During my last update, I waschatting about the lack of snow and the same holds true for the fabulous startwe have had for the month of January. With this lack of snow, we have beendiscussing the fact that with this, the spring market may start sooner thanmost people think. A good agent will recognize this and act accordingly withregards to their sellers and buyers

     December was another crazy monthfrom a real estate perspective and it capped off the second best year ever onrecord for the Toronto Real Estate Board. The entire GTA had sales of 89,347units – up 4% in comparison to 2010. My colleague, Richard Silver, President ofTREB stated that "Low borrowing costs kept Buyers confident in theirability to comfortably cover their mortgage payments along with other majorhousing costs, and if Buyers had not been constrained by a shortage of listingsover the past 12 months, we would have been flirting with a new sales record inthe Greater Toronto Area,” The same held true for the Vaughan Real Estate Market.

     The Toronto Real Estate Boardreported 4,718 residential transactions through the MLS system in December. Theaverage selling price was $451,436 – up 4 per cent in comparison to December2010. For all of 2011, the average selling price was $465,412, an increase of8% in comparison to the average of $431,276 in 2010.

     The question I get asked mostoften this time of year is “What’s going to happen next year?” TREB isforecasting a 4% increase in the average selling price versus 2011. Thisforecast is subject to a heightened degree of risk given the uncertain globaloutlook. I tend to agree with them and I believe we are going to have a greatyear in real estate. For me, the key is maintaining low interest rates. It willbe interesting to reflect on this one year from today.

     The Toronto Real EstateBoard published December market statistics by area last week and Ihave reviewed the key indicators and will interpret the December numbers forthe VaughanReal Estate Market. In a nutshell, the market is definitely favouringthe sellers these days. Inventory remains tight and there are still quite a fewbuyers aggressively looking.

     Here are my observations forthose that are interested, on the Vaughan Real Estate Market.These quick facts and figures on Vaughan Real Estate and VaughanHomes For Sale for December 2011 were taken directly from the numbersthat the Toronto Real Estate Board publishes each month.

     The Vaughan Real Estate marketfor December had 199 transactions in the month which was actually down from the283 transactions reported for November. Makes sense given the holidays. Theaverage price of these transactions was $562,602 versus $549,336 for November.The average days on market was 27 days which is well above the year to dateaverage of 21 days. Year to date sales have totalled 4,198 transactions withthe average selling price at $567,258. Again, these are all healthy numbers.

     If you break down the stats byhouse type, you will see that all segments remain strong. Detachedsales accounted for 101 transactions for the month of December with the averageselling price of these homes at $711,644 with the homes on the market for anaverage of 28 days.

     Semi-detached homesrepresented only 18 transactions with an average selling price of $478,000.These homes were only on the market for an average of 20 days before selling.Super quick which tells me that inventory is very tight with escalating prices.

     Condominiumsaccounted for 7 transactions and the average days on the market at 16 dayswhich is low relative to the other segments.

     That's pretty much it for VaughanReal Estate and Vaughan Homes For Sale for December.Watch for my January Market Update in the first week of February.

     If you want to see these marketupdate numbers for any month and for any area or region, please visit mywebsite at www.AtYourServiceAlways.com and look at theleft menu for the month you are looking for.

By the way, when you are dealing with any Realtor, make sure theyknow these facts as well. If not, find one that does. Have a great day.

JOE ANDREOLI TEAM

Vaughan Real Estate - Vaughan Homes For Sale - Market Update - November 2011

2011-12-15T11:30:00.000-08:00

Vaughan Real Estate - Vaughan Homes For Sale - Market Update - November 2011
During my last update, I was dreading the time change and now I hear people complaining that about the weather and the lack of snow. I hope we get the white stuff before Christmas. Lots of people just aren't in the Christmas mood. For my business, this lack of cold and snow has kind of extended the fall buying period.

November was another busy month from a real estate perspective. My colleague, Richard Silver, President of TREB stated that "We have seen strong annual sales growth through the 2011 fall market. The increase in transactions has been broad-based, with strong growth across low-rise and high-rise home types throughout the Greater Toronto Area. The market has also become better supplied, with annual new listings growth outstripping that of sales. As this trend continues into 2012, we will see more balanced market conditions."

The Toronto Real Estate Board reported 7,092 residential transactions through the MLS system in November – up 11 per cent in comparison to November 2010. At the same time, the number of new listings was up by 14 per cent in comparison to last year.

The pace of November resale home transactions remained brisk in the GTA and surrounding area. From my perspective, this certainly bodes well for a strong finish to 2011.
The Toronto Real Estate Board published November market statistics by area last week and I have reviewed the key indicators and will interpret the November numbers for the Vaughan Real Estate Market. In a nutshell, the market is definitely favouring the sellers these days. Inventory remains tight and there are still quite a few buyers aggressively looking.

Here are my observations for those that are interested, on the Vaughan Real Estate Market. These quick facts and figures on Vaughan Real Estate and Vaughan Homes For Sale for November 2011 were taken directly from the numbers that the Toronto Real Estate Board publishes each month.
The Vaughan Real Estate market for November had 283 transactions in the month which was actually up from the 267 transactions reported for October. The average price of these transactions was $549,336 versus $539,00 for October. The average days on market was 28 days which is well above the year to date average of 24 days. Year to date sales have totalled 3,391 transactions with the average selling price at $546,521. Again, these are all healthy numbers.
If you break down the stats by house type, you will see that all segments remain strong. Detached sales accounted for 148 transactions for the month of November with the average selling price of these homes at $696,304 with the homes on the market for an average of 28 days.
Semi-detached homes represented only 22 transactions with an average selling price of $471,707. These homes were only on the market for an average of 12 days before selling. Super quick which tells me that inventory is very tight with escalating prices. Condominiums accounted for 67 transactions and the average days on the market at 31 days which is high relative to the other segments.
That's pretty much it for Vaughan Real Estate and Vaughan Homes For Sale for November. Watch for my December Market Update in the first week of January.
If you want to see these market update numbers for any month and for any area or region, please visit my website at www.AtYourServiceAlways.com and look at the left menu for the month you are looking for.
By the way, when you are dealing with any Realtor, make sure they know these facts as well. If not, find one that does. Have a great day.

Joe Andreoli ........At Your Service Always

Vaughan Real Estate - Vaughan Homes For Sale - Market Update - October 2011

2011-11-07T18:27:00.000-08:00

Vaughan Real Estate - Vaughan Homes For Sale - Market Update - October 2011

Now that we are fully into the fall market, I must say that I dreaded the time change. At least it came later than normal this year. To be honest, I really don't understand why we even flip back to standard time. I miss those long summer days already but business continues whether we are on Day-Light Savings Time or not.

Back to business. October was another busy month from a real estate perspective. My colleague, Richard Silver, President of TREB stated that "Home buyers who found it difficult to make a deal in the spring and summer due to a shortage of listings have benefitted from increased supply in the fall."

The pace of October resale home transactions remained brisk in the GTA and surrounding area. From my perspective, this bodes well for a strong finish to 2011. Certainly the low interest rates are helping drive the market. These low interest rates don't look like they will be rising any time soon and since we are still in a tight market with low inventory, this will continue to bode well for sellers and as I have been stating for months, this is a great time to be putting your home on the market if you have been thinking about it.

The Toronto Real Estate Board published October market statistics by area last week and I have reviewed the key indicators and will interpret the October numbers for the Vaughan Real Estate Market. In a nutshell, the market is definitely favouring the sellers these days. Inventory remains tight and there are still quite a few buyers aggressively looking.

Here are my observations for those that are interested, on the Vaughan Real Estate Market. These quick facts and figures on Vaughan Real Estate and Vaughan Homes For Sale for October 2011 were taken directly from the numbers that the Toronto Real Estate Board publishes each month.

The Vaughan Real Estate market for October had 267 transactions in the month which was actually 2 more home trancactions compared to the prior month of September. The average price of these transactions was $539,301. The average days on market was 23 days which is what it has been hovering at on a year to date basis. Year to date sales have totalled 3,111 transactions with the average selling price at $546,301. Again, these are all healthy numbers.

If you break down the stats by house type, you will see that all segments remain strong. Detached sales accounted for 135 transactions for the month of October with the average selling price of these homes at $691,978 with the homes on the market for an average of 25 days.

Semi-detached homes represented only 29 transactions with an average selling price of $460,097. These homes were only on the market for an average of 15 days before selling. Super quick which tells me that inventory is very tight with escalating prices. Condominiums accounted for 60 transactions and the average days on the market at 27 days which is high relative to the other segments.

That's pretty much it for Vaughan Real Estate and Vaughan Homes For Sale for October. Watch for my November Market Update in the first week of December.

If you want to see these market update numbers for any month and for any area or region, please visit my website at www.AtYourServiceAlways.com and look at the left menu for the month you are looking for.

By the way, when you are dealing with any Realtor, make sure they know these facts as well. If not, find one that does. Have a great day.

Vaughan Real Estate - Vaughan Homes For Sale - September 2011 Market Update

2011-10-09T19:39:00.000-07:00

Vaughan Real Estate - Vaughan Homes For Sale - Market Update - September 2011

     After a fabulous summer, I must say that it is nice to get back into a regular routine. The kids are back in school, the buyers are back in full force and the sellers that were waiting for the summer to finish, are slowing putting their homes on the market. As I write this market update, we are hitting the Thanksgiving long weekend and we have lots to be thankful for from a real estate perspective. We have an economy that seems to be holding off the pressures from all around the world. We have low interest rates that don't look like they will be rising any time soon and we are in a very tight market with low inventory which continues to bode well for sellers.

     The summer was a very active one for most agents and their buyers and sellers. We have experienced strong growth in sales this year, with a much more active summer compared to last year. We are still struggling with a lack of good inventory or listings out there. With a lack of listings, buyers seem to be getting very aggressive resulting in multiple offer situations and escalating home prices. As I have been mentioning for months, this is a great time to be putting your home on the market if you have been thinking about it.

     As I will share with you right now, we are definitely in a seller's market. The Toronto Real Estate Board published September market statistics by area last week and I have reviewed the key indicators and will interpret the September numbers for the Vaughan Real Estate Market. In a nutshell, the market is definitely favouring the seller's these days. Inventory is tight and there are quite a few buyers aggressively looking.

     Here are my observations for those that are interested, on the Vaughan Real Estate Market. These quick facts and figures on Vaughan Real Estate and Vaughan Homes For Sale for September 2011 were taken directly from the number that the Toronto Real Estate Board publishes each month.

     The Vaughan Real Estate market for September had 265 transactions in the monthe which was a few homes less than the trancactions done in August. The average price of these transactions was $556,437 which is substantially higher than the year to date average of $546,931. This $10,000 increase makes all kinds of sense if there are fewer listings than normal and aggressive buyers. The old supply and demand theory at work for us again.

     The only other significant number to really look at is the average number of days on the market for a home to sell has gone up to 27 days for September. This is up 4 days compared to the year to date number of 23 days. This increase could be a function of sellers trying to capitalize on the tight inventory situation and consequently putting these homes on the market at higher prices and, as a result, they take longer to sell.

     Again, the Vaughan Real Estate Market remains positive relative to average selling price versus the prior year and with more buyers looking at fewer available units, the numbers make sense.

     That's pretty much it for Vaughan Real Estate and Vaughan Homes For Sale for September. Watch for my October Market Update in the first week of November.

     If you want to see these market update numbers for any month and for any area or region, please visit my website at www.AtYourServiceAlways.com and look at the left menu for the month you are looking for.

     By the way, when you are dealing with any Realtor, make sure they know these facts as well. If not, find one that does. Have a great day.

Vaughan Real Estate - Vaughan Homes For Sale - Market Update - June 2011

2011-07-19T11:07:00.000-07:00

Vaughan Real Estate - Vaughan Homes For Sale - Market Update - June 2011

As I write this market update a week or so after I normally write it, I can honestly say that June was a very active month across the entire GTA. I've been extremely busy with my listings and even busier with my buyers trying to get them the properties they want. Quite a few of the transactions that I was involved with in June went into multple offers, winning quite a few and losing a few as well. We, as realtors, have been getting alot of at bats to use a baseball analogy and if you are getting enough at bats, you are bound to get your hits and home runs. As I will share with you shortly, we are definitely in a seller's market.
The Toronto Real Estate Board published June market statistics by district last week and I have reviewed the key indicators and will interpret the June numbers for the Vaughan Real Estate Market. I will also compare the first half of 2011 versus 2010. As mentioned already, the market is definitely favouring the seller's these days. Inventory is tight and there are quite a few buyers aggressively looking.
Last June 2010 wasn't a relatively strong month for sales in Vaughan and the numbers for this June are, not surprisingly, up substantially versus last year.
Market conditions were tighter in June compared to last year. The tight market resulted in strong price growth for the month of June as well. With competition between buyers, we have seen a very strong but sustainable rate of price growth. Right now, I will provide my observations, for those that are interested, on the Vaughan Real Estate Market. Here are some quick facts and a brief market update on Vaughan Real Estate and Vaughan Homes For Sale for June 2011.
In my last update, I spoke about a healthy market when it comes to Vaughan Real Estate and that is exactly what we are expereincing when it comes to Homes For Sale in Vaughan. As you may know by now, I am all about facts and here are the facts for Homes for Sale in Vaughan for June 2011.
The Vaughan Real Estate market showed that inventory was down substantially for June versus the prior year for the same month. We had 466 active listings this past June versus 697 last June. That represents 33% fewer lisitngs. In a nutshell, Vaughan is experiencing a lack of listings right now. This obviously bodes well for sellers, so if you are thinking about selling, now might be a good time to put your Vaughan home up for sale.
The Vaughan Real Estate Market for June 2011 had 254 sales versus 202 transactions last June. These numbers indicate that the Vaughan Real Estate Market remains strong, is quite stable but we are lacking some quality listings right now.
When we look at the average selling price in the Vaughan Real Estate Market for June 2011, it was at $576,829 which is up 5.15% versus last June's number of $548,589. Again, the Vaughan Real Estate Market remains positive relative to average selling price versus the prior year and with more buyers looking at fewer available units, the numbers make sense. The old supply and demand theories at work again.
Homes for Sale in Vaughan were on the market for an average of only 21 days in June, which is down versus last June's number of 23 days. Again more buyers looking at fewer available units and these buyers are buying quickly. These numbers indicate that the Vaughan Real Estate Market remains healthy and that it is a sellers market right now.
On a year to date basis versus last year, some might find the numbers below surprising given all the doom and gloom that was being reported earlier this year. Unit sales for this year until the end of June were 1,422 which is down marginally versus 1,434 units last year. The big change was in number of active listings where we had 2,241 units this year versus 2,794 listings last year. A difference of 553 listings or down almost 25%. With this number of fewer listings, average price year to date went from $514,824 last year to $557,214 this year. Up 8.18%
That's pretty much it for Vaughan Real Estate and Vaughan Homes For Sale for June. Watch for my July Market Update in a few weeks.
If you want to see these market update numbers for any month, please visit my website at www.AtYourServiceAlways.com and look at the left menu for the month you are looking for. You can check any district in the GTA.
By the way, when you are dealing with any Realtor, make sure they know these facts as well. If not, find one that does. Have a great day.

Vaughan Real Estate Homes For Sale - May 2011 Market Uipdate

2011-06-08T07:52:00.000-07:00

As I write this drinking my coffee, I can't stop thinking about about what I just finished reading and interpreting. This is a perfect seller's market. The Toronto Real Estate Board published May market statistics by district yesterday and I have reviewed the key indicators and will interpret the May numbers for the Vaughan Real Estate Market. The market is definitely a seller's market and with the better weather finally here now, the spring market is about to get even hotter.
Last May 2010 wasn't a strong month for sales and the numbers for this May are not surprisingly up substantially versus last year. however, they are about average for a normal May. Again the media influences what they report and most reporters fail to mention this fact.
Market conditions were tighter in May compared to last year. The tight market resulted in strong price growth for the month of May. With competition between buyers, we have seen a very strong but sustainable rate of price growth. Right now, I will provide my observations, for those that are interested, on the Vaughan Real Estate Market. Here are some quick facts and a brief market update on Vaughan Real Estate and Vaughan Homes For Sale for May 2011.
In my last update, I spoke about a healthy market when it comes to Vaughan Real Estate and that is exactly what we are expereincing when it comes to Homes For Sale in Vaughan. As you may know by now, I am all about facts and here are the facts for Homes for Sale in Vaughan for May2011.
The Vaughan Real Estate market showed that inventory was down substantially for May versus the prior year for the same month. We had 461 active listings this past May versus 717 last May. That represents almost 36% fewer lisitngs. In a nutshell, Vaughan is experiencing a lack of listings right now. That bodes well for sellers so if you are thinking about selling, now might be a good time to put your Vaughan home up for sale.
The Vaughan Real Estate Market for May 2011 had 307 sales versus 260 transactions last May. These numbers indicate that the Vaughan Real Estate Market remains strong, is quite stable but we are lacking some quality listings right now.
When we look at the average selling price in the Vaughan Real Estate Market for May 2011, it was at $576,184 which is up 8.23% versus last May's number of $532,089. Again, the Vaughan Real Estate Market remains positive relative to average selling price versus the prior year and with more buyers looking at fewer available units, the numbers make sense. The old supply and demand theories at work again.
Homes for Sale in Vaughan were on the market for an average of only 21 days in May, which is down versus last May's number of 24 days. Again more buyers looking at fewer available units and these buyers are buying quickly. These numbers indicate that the Vaughan Real Estate Market remains healthy and that it is a sellers market right now.
That's pretty much it for Vaughan Real Estate and Vaughan Homes For Sale for March. Watch for my June Market Update in a few weeks.
If you want to see these market update numbers for any month, please visit my website at www.AtYourServiceAlways.com and look at the left menu for the month you are looking for. You can check any district in the GTA.
By the way, when you are dealing with any Realtor, make sure they know these facts as well. If not, find one that does. Have a great day.

Vaughan Homes For Sale Real Estate MLS Property Search March 2011 Update

2011-04-06T07:35:00.000-07:00

Vaughan Real Estate - Vaughan Homes For Sale - Market Update - March 2011

Hot off the press. The Toronto Real Estate Board published March market statistics by district yesterday and I have reviewed the key indicators and will interpret the March numbers for the Vaughan Real Estate Market. The market is definitely hot right now and the spring market has begun early. The bulk of what we experienced in March was a function of two key factors. One was a factor of buyers trying to buy before interest rates go up and they will and buyers trying to beat the March 18th deadline with respect to the mortgage rule changes that saw 35 year amortization periods disappear and have buyers put down more money as a downpayment. If you need more info on the changes, call me directly or call one of my mortgage specialists and they will be glad to answer all your questions. The other key factor was that market conditions were tighter in March compared to last year. With competition between buyers, we have seen a very strong but sustainable rate of price growth. Right now, I will provide my observations, for those that are interested, on the Vaughan Real Estate Market. Here are some quick facts and a brief market update on Vaughan Real Estate and Vaughan Homes For Sale for March 2011.

In my last update, I spoke about a healthy market when it comes to Vaughan Real Estate and that is exactly what we are expereincing when it comes to Homes For Sale in Vaughan. As you may know by now, I am all about facts and here are the facts for Homes for Sale in Vaughan for March 2011.

The Vaughan Real Estate market showed that inventory was down substantially for March versus the prior year for the same month. We had 434 active listings this past March versus 567 last March. That represents 23% fewer lisitngs. In a nutshell, Vaughan is experiencing a lack of listings right now. That bodes well for sellers so if you are thinking about selling, now might be a good time to put your Vaughan home up for sale.

The Vaughan Real Estate Market for March had 271 sales versus 300 transactions last March. These numbers indicate that the Vaughan Real Estate Market remains strong, is quite stable but we are lacking some quality listings right now.

When we look at the average selling price in the Vaughan Real Estate Market for March 2011, it was at $550,252 which is up 6.40% versus lastMarch's number of $517,153. Again, the Vaughan Real Estate Market remains positive relative to average selling price versus the prior year and with more buyers looking at fewer available units, the numbers make sense. The old supply and demand theories at work again.

Homes for Sale in Vaughan were on the market for an average of only 20 days in February, which is actually higher than last March's number of 17. Again more buyers looking at fewer available units and these buyers are buying quickly. These numbers indicate that the Vaughan Real Estate Market remains healthy and that it is a sellers market right now.

That's pretty much it for Vaughan Real Estate and Vaughan Homes For Sale for March. Watch for my April Market Update in a few weeks.

If you want to see these market update numbers for any month, please visit my website at www.AtYourServiceAlways.com and look at the left menu for the month you are looking for. You can check any district in the GTA.

By the way, when you are dealing with any Realtor, make sure they know these facts as well. If not, find one that does. Have a great day.

A REAL EXAMPLE OF WHY ESTABLISHING THE RIGHT PRICE IS SO CRITICAL

2011-03-11T07:39:00.000-08:00

When it comes to Vaughan Real Estate and pricing a home for sale in Vaughan, we keep hearing how it important it is to set the right price when you or your Vaughan Real Estate Agent go to market your home, however, I cringe every time I see home owners making a mistake by over pricing their homes from the get go and in the end, they end up selling their Vaughan home for less than what the market would bear if it was priced properly.

Vaughan homeowners work hard for their money, yet it is very frustrating to see these same people leaving crumbs on the table when it comes to selling what they worked so hard to get.

Some get it while others simply don't. I want to share with you an example of homes that were sold and marketed properly and homes that were not priced well and sold well below market value. Maybe pictures will help more people understand the importance, so I have a perfect example for you.

There are all kinds of examples and I've picked one of many in the Vaughan market. This is probably the best example as all three homes are virtually identical. As a matter of fact, they are all the same model, builder and neighbourhood. Please, please, please, if you are unsure of what you should price your home at, please call me or email me and I will gladly offer my expertise. Call me at 416-574-8778 or email me at joeandreoli@yahoo.ca or visit my website at http://www.VaughanHomesForSale.com I want to see you get top dollar and sell it quickly. Here goes and I hope more people understand this very important concept. DO NOT OVER PRICE YOUR VAUGHAN HOME.

Example A - a four bedroom home in Vaughan went on the market for $998,800 and sold in 48 days for $960,000. This was priced at market value.

Example B - another four bedroom home in the same area within 500 metres of example A was originally priced at $1,048,000 and after 84 days on the market, the listing was terminated and after a few weeks, was listed again at $998,800 and it sold for $985,000 after only 35 days.

Example C - I really feel bad for the homeowner and the agent. This home, during the same timeframe as above was priced at $1,100,000 and it sat on the market for 138 days. Then it was reduced to $939,000 and further lowered to $914,900. After two months, it just sold for $870,000. The buyers picked up a great house at bargain prices. What a steal. Shame on the homeowners and agent.

This is a real example. It just happened. If the home was priced properly, it would have sold quickly. This occurred during a hot market. Once homes are on the market for awhile, buyers start to think "What is wrong with the house" and it doesn't sell. To make matters worse, the example "C" was marketed more than the other two examples. They were "motivated sellers" at the end of it all.

I hope this example helps people thinking of selling. If you need any assistance, please call me directly. Have a great day.

VAUGHAN HOMES FOR SALE - A REAL EXAMPLE OF WHY ESTABLISHING THE RIGHT PRICE IS SO CRITICAL

Vaughan Real Estate Call Joe Andreoli

Joe Andreoli Vaughan Real Estate Vaughan Homes For Sale

2010-12-07T14:30:00.000-08:00

Joe Andreoli Vaughan Real Estate Vaughan Homes For Sale

Vaughan Real Estate - Vaughan Homes For Sale - Market Update

2010-12-07T14:20:00.000-08:00

Family, friends and clients keep asking for my professional opinion on Vaughan Real Estate so I thought I would provide my observations for those that are interested. Here are the facts and a quick market update on Vaughan Real Estate and Vaughan Homes For Sale for November.

I keep talking about a balanced market when it comes to Vaughan Real Estate and that is exactly what we are expereincing when it comes to Homes For Sale in Vaughan. For those that know me, I am all about facts. After all, you can't manage what you can't measure. The numbers I will be quoting are from TREB and I will be talking specifically about Vaughan Real Estate and Homes For Sale in Vaughan.

The Vaughan Real Estate market showed a 13% decrease in inventory for November compared to October 2010, however, there were 17% more homes for sale in Vaughan compared to the same month in 2009. The Vaughan Real Estate Market for November had 257 sales versus 288 in the month of October and compared to 271 last November. These numbers indicate that the Vaughan Real Estate Market has stabilized and remains quite healthy.

When we look at the average selling price in the Vaughan Real Estate Market for November, it was at $531,000 which is flat versus the prior month, however, it was up 4.2% versus last November. Again, the Vaughan Real Estate Market remains positive relative to averaage selling price versus the prior year.

Homes for Sale in Vaughan were on the market for an average of 32 days, which is up 6 days versus October and up by 10 days versus last November. These numbers indicate that the Vaughan Real Estate Market remains healthy and seems to be stabilizing.

Finally, I want to mention that when it comes to Vaughan Real Estate, I like to prove the media wrong. AGAIN. According to the media, there's been nothing but doom and gloom this year. WRONG. If you look at the Vaughan Real Estate Market, there have been 2,272 sales year to date versus 2,319 year to date sales for the same time last year. There is actually more inventory versus last year. Last year there were 3,748 homes for sale in Vaughan compared to 4,257 homes for sale in Vaughan year to date. More selection this year when it comes to Vaughan Real Estate. Average selling price YTD this year is almost $517,000 versus an average selling price for a home in Vaughan last year of $465,000. The average home price YTD increased by 11%. The media reports doom and gloom. I report the facts for Vaughan Real Estate.

If you want to see these market update numbers for any month, please visit my website at www.AtYourServiceAlways.com and look at the left menu for the month you are looking for. You can check any district in the GTA.

By the way, when you are dealing with any Realtor, make sure they know the facts as well. If not, find one that does. Have a great day.

2010-08-20T05:50:00.001-07:00

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2010-04-29T18:06:00.001-07:00

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How the new HST will impact real estate - A must read

2010-01-11T19:41:00.000-08:00

I hope everyone enjoyed the holiday season. Now it's back to reality. It's kind of nice to get back into a routine not only for myself, but for my kids as well. Now that the holidays are over, we need to focus on this HST tax that is coming this July. Not much is being said about it right now. That can be attributed to the power of the media. They are not really putting much behind this. They will once they realize the true impact.

By the time they get beind it, it will be too late to change. The damage will have been done. The new 13% harmonized sales tax comes into effect in Ontario on July 1, 2010, and it will likely hit the whole housing market hard. If you haven't bought or sold by July 1, you may well be out of luck. I know my clients really haven't given it much thought. When I bring it up, some can't be bothered because they really don't understand the true impact.

I believe there are going to be a lot of very surprised people on July 1. This is a huge tax increase that is currently below the raadar screen.

It's true that resale houses will not be taxed, however, everything to do with the sale will be -- the house inspection, the mortgage insurance, the agent's commission, the moving costs and the legal fees.

Once you do the math, the extra tax on a resale house priced at $370,000 will come in at about $2,000. Keep in mind that not many homes in a city like Vaughan sell for that type of price . Most sell for substantially more so you would be looking at an even bigger tax grab.

It's enough to make you wonder exactly why you're thinking of moving. Or to get you packing your bags and calling the mover today.

For new home buyers, it's even worse, however, it's not as bad as it was originally expected to be. Under pressure from groups like the Ontario Home Builders Association, the province has decided not to levy the tax on the first $400,000 of any new home purchase. (GST has been payable for a number of years but builders tend to hide it in the house price.)
So on a $500,000 house, the extra HST hit will be $6,000 instead of $30,000 (builders get a 2% tax credit that lowers the overall tax hit from 8% to 6%).
We should actually be thankful that the government decided to make a change to their proposed tax plan on new homes. If they did not make the change, it would have crippled new home developments across the city. Without that change, the loss of a potential 21,200 jobs in the GTA alone looked probable. That's enough to scare off first-time home buyers and potentially many other people struggling to make ends meet.
This new HST will impact many things you haven't even thought of yet -- but the housing-related taxes are killers.

Here's how new HST tax adds to the cost of a sale on a house less than $400,000:
Realtor Commission $1,100- $1,600
Mortgage insurance $475
Legal costs $85
Home Inspection $35
Title Insurance $10
Total $1,705 -$2,205

It all adds up. In a nutshell, if you plan on buying, do it now. If you plan on selling, the spring market will be hot. If you need any further info, give me a call or email me with your questions or concerns.

Joe
At Your Service....Always

Going that extra step

2009-11-02T20:12:00.000-08:00

I recently helped a family relocate from the US and it was truly a great experience for all of us. They were very appreciative of the service provided. They couldn't believe the effort that was put forth by my entire team. I told them that in order to make the best decison for themselves, they had to understand all of the different areas in the city. We spent an entire week together visiting areas they had high on their wish list. From the Beaches, East York, Leaside, North Toronto, Etobickoe, Richmond Hill, Oakville and Downtown Toronto. They finally settled for a lovely home in North Toronto that made most sense for them and their delightfrul 3 year old daughter. They bought a home with tremendous upside and close to some of the best schools in the city. They bought a home that they could grow into. We got them great mortgage rates, a lawyer with rates 30% cheaper than most to help them close and helped them find a daycare close to home. They were so grateful. I told them that they made my day and this is why, I love this profession so much. Have a great day.