Real estate blog entries tagged with inventory by Brian Madigan LL.B. (RE/MAX West Realty Inc., Brokerage (Toronto))

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Home : Blogs : Brian Madigan LL.B. : Brian's Ontario Real Estate Blog : Tag "inventory"

inventory: Mimico ~$190,000 over Asking - 02/04/12 04:21 PM

Mimico ~$190,000 over Asking
Ontario Real Estate Source
By Brian Madigan LL.B.
Well, a lot has been written about Toronto “over-heated” housing market. Apparently, it’s due for a fall. But, 31 people lined up to buy a 1,200 square foot house in Mimico listed at $379,900. It went for $570,000 or about $190,000 over asking.
Now, if the same house was in a better neighbourhood, say Lawrence Park or Lytton Park it would have been worth another $400,000.
One of the main problems: a shortage of inventory!
Brian Madigan LL.B., Broker is an author and commentator on real estate matters, if you … (1 comments)

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Brian Madigan LL.B.

Toronto, ON

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RE/MAX West Realty Inc., Brokerage (Toronto)

Address: Toronto, Mississauga, Oakville, Brampton, Caledon, Thornhill, Greater Toronto Area

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