August 21, 2016- Last month was the best July on record for Toronto real estate sales! Inventory continues to tighten and demand to buy here increases. Prices are up, on average, 16.6% from this time last year but low interest rates make it possible for many buyers to afford the prices. The feeling in the industry is that there will be a very strong Fall market. For more information, read the full TREB Market Watch Report here, and contact Andrea Stark, Sales Representative, Royal LePage RES Ltd., J&D Division, Brokerage for personal real estate advice- 416-489-2121
May 6, 2015- TREB’s April statistics are out and show increasing sale prices of Toronto homes- detached house prices are up 18.9% in the 416 area and condo apartment sale prices are up 7%. Properties are selling, on average, after 15 days on the market. Active listings are down 26.9% so it is increasingly difficult to buy. The high prices are translating into more higher end sales. Read the whole TREB Market Watch Report here. For personalized real estate advice and more information, visit TOrealestate.ca – Andrea Stark, Sales Representative, Royal LePage RES Ltd., J&D Division, Brokerage, 416-489-2121
March 4, 2016- The stats are in. With active listings down 14.8% from this time last year, inventory conditions are even tighter. The average sale price of a detached home in the 416 area is now $1,211,459, which is up 14.9% from last year. 416 condos are selling for $435,579 on average. Buyers need the assistance of a diligent real estate professional more than ever to keep up with this fast-paced market and who have connections to off-market properties. For sellers, yes most properties will sell, but a smart, experienced REALTOR can maximize your profit and help make your transition seamless. Read the full TREB monthly report and visit TOrealestate.ca– Andrea Stark, Sales Representative, Royal LePage RES Ltd, Johnston & Daniel Division, Brokerage 416-489-2121
January 2, 2016- An architectural showpiece, thoughtfully designed with high ceilings and attention to detail. Entertaining spaces on main and lower levels with walk-outs to private garden with hot tub. Rich marble bathrooms in natural earth shades will remain classic luxe for years to come. The details in the millwork and ceilings are exceptional. Walk to John Wanless PS, Lawrence Park Collegiate, and Avenue Road shops and restaurants. City living at its best. Offered for sale at $1,595,000. For more details and to view, visit Andrea Stark, Sales Representative, Royal LePage/ J&D Division, Brokerage- 416-489-2121
December 4, 2015- The average selling price of a home in Toronto is up 9.6% on an annual basis. The average detached home in Central sold for $1,559,893, West $1,018,621, and East $745,718. Condo apartments, on average, sold for $466,939 in Central, $415,316 in the West districts, and $293,234 in the East districts. It is not thought that mortgage rates will rise substantially, however, it is likely that the new government will implement borrowing rules that may make it more difficult to buy a property. (So get buying or selling, if the time is right for you!) Review this month’s Market Watch Report and Visit Andrea Stark, Sales Representative, Royal LePage RES Ltd./ J&D Division, Brokerage 416-489-2121 to find out how much your home is worth and where you should be buying in Toronto.
September 7, 2015- The average sale price of a detached home in the 416 area has increased 12.9% year over year and the average condo has increased 9.5%. For example, the average detached home in Toronto is $1,017,653 and in Central Toronto a whopping $1,701,332. The average condo apartment in Central Toronto is now $456,747. Inventory is down a further 10.5% from this time last year, which is keeping demand very high and therefore prices. Read the whole TREB Market Watch Report or for more information, contact Andrea Stark, Sales Representative, Royal LePage Real Estate Services, Ltd., J&D Division, Brokerage- 416-489-2121
August 6, 2015- Even though it is the middle of summer, historically a slower time of year for real estate, the market in Toronto has stayed strong. Sale prices of 416 detached homes are up 13.3% from this time last year and 416 condo apartments are selling at prices 4% higher than July 2015. Interest rates and low inventory continues to help drive interest in purchasing property. Great time to sell if you are downsizing. Read the entire Market Watch July 2015 (August) report from the Toronto Real Estate Board and visit Andrea Stark, Sales Representative, Royal LePage RES Ltd., J&D Division, Brokerage 416-489-2121