The fall
market is
upon us and
it can prove
to be intense.
Although not
as long as
the spring
market, there
is no time
to waste for
Sellers who
want to find
a Buyer and
close before
winter. Buyers
looking to
find a home
before the
end of the
year need
to pay close
attention
as well!
This complimentary
report is
provided to
keep you up
to date on
Real Estate
trends in
Toronto as
well as the
York, Durham,
Peel and Simcoe
Regions.
Understanding
Real Estate
trends can
give you a
huge advantage
when buying
and selling
real estate.
Here is your
Report on
Housing Prices
to the End
of August,
2007
REAL ESTATE MARKET UPDATE
TREB
Market
Watch
Thursday,
September
6,
2007
-
August
2007
became
the
fifth
recordsetting
month
in
a
row,
with
8,059
sales
reported
by
TREB
Members
throughout
the
Greater
Toronto
Area,
TREB
President
Donald
Bentley
announced
today.
"This
figure
is
up
15
per
cent
over
August
of
last
year,
and
up
seven
per
cent
over
the
7,498
sales
recorded
during
the
same
month
in
2005,
which
was
the
previous
"best
ever"
performance
for
the
month
of
August,"
said
the
President.
"Summer
of
2007
has
been
hands-down
the
most
active
holiday
season
for
the
resale
market
in
the
history
of
the
Toronto
Real
Estate
Board."
While
sales
roared
ahead,
prices
remained
affordable
in
August,
with
a
recorded
average
of
$361,890.
This
figure
is
up
seven
per
cent
over
the
$338,192
recorded
during
August
of
2006.
"While
the
last
decade
has
seen
five
record
breaking
years,
and
a
good
possibility
of
a
sixth
in
2007,
year-over-year
price
increases
have
remained
in
the
single
digits.
This
kind
of
activity
is
sustainable
for
a
long
time."
Breaking
down
the
total,
3,057
sales
were
reported
in
TREB's
28
West
districts
and
averaged
$343,493;
1,444
sales
were
reported
in
the
14
Central
districts
and
averaged
$453,718;
1,653
sales
were
reported
in
the
23
North
districts
and
averaged
$403,539;
and
1,905
sales
were
reported
in
TREB's
21
East
districts
and
averaged
$285,665.
YOUR AREA REPORT
The Best Way To Determine The
Value
Of A
Property
If
you're
curious
what
homes
are
selling
for
in
your
area
of
choice
(Sellers
or
Buyers)
visit
www.JayMiller.ca
and
click
on
the
Area
Report
button.
You
will
be
sent
a
FREE
Online
Report
of
homes
that
have
sold
in
the
area
which
is
a
fabulous
way
to
determine
the
value
of
a
property
in
that
area.
FREE REAL ESTATE SERVICES
Click
on
the
links
at
the
left
of
this
article
for
FREE
Real
Estate
information
including
Bank
and
Distress
sales,
my
Home
Finder
program
which
instantly
notifies
you
of
new
listings
that
match
your
specifications,
Area
Reports
to
determine
the
value
of
homes
in
your
area
of
choice
and
much
more...
This
information
can
help
you
make
informed
decisions
and
give
you
an
advantage
in
the
marketplace!
Remember, when you
send me a referral you
become eligible for
my referral program,
which entitles you to
a $200.00 gift certificate
from the restaurant,
store or boutique of
your choice. Feel
free to contact me for
details!
