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With Compliments of
Semone Duerr
Sales Representative
Re/Max Hallmark, ltd., Brokerage
2237 Queen St E
Toronto, ON, M1E 1G1
T: 416 699 9292
D: cell: 416 566 6050
homes@GreatTorontoHomes.com
www.GreatTorontoHomes.com
Hi: Sales and Listings Lower, Prices Up July, 2010 -- July's sales dipped 34% from July, 09 and listings were the lowest since 2002. However, year-to-date sales were up 12% from the same period. Average price was up 12% from a year ago to $432,253. Read the Complete TREB MarketWatch. “Market conditions promoting growth in the average selling price have remained in place. While July sales were down compared to last year, the number of new listings in the marketplace also fell. This means there was enough competition between buyers to exert upward pressure on price,” said TREB. Despite this, I have noticed a significant upswing in buyers' interest and expect a very busy post-Labour Day season. Rates are low and expected to remain low with the sluggish economy, the HST has gone through and has minimal impact on the existing housing market. Fewer listings will mean more competition amoung potential buyers for a smaller stock of available homes. Upper Beach Reno We're down to the painting on our reno project. We're on track for Open Houses the weekend after Labour Day. See my website for daily videos of the construction.
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