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commentary: Listings to Sales ratios and whats happening in the News - 03/11/09 07:03 PM
While everyone is concerned about job losses and the declining number of sales a curious thing is happening.Greater Toronto REALTORS® Reported 4,120 Resale Housing Transactions in FebruaryMarch 05, 2009 -- Toronto Real Estate Board Members reported 4,120 sales in February 2009 compared to 6,015 sales recorded in February 2008. The average home price was $361,305 last month compared to $382,048 during the same month last year.That's not a very long banner.BUT the details are what is interesting;In the West section ( that I serve) Last year Feb 08, we had 7,359 listings with 2,358 sales. A ratio of approximately one in … (0 comments)
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commentary: Market Observations Toronto Real Estate - 03/05/09 10:22 PM
While everyone is concerned about job losses and the declining number of sales a curious thing is happening.Greater Toronto REALTORS® Reported 4,120 Resale Housing Transactions in FebruaryMarch 05, 2009 -- Toronto Real Estate Board Members reported 4,120 sales in February 2009 compared to 6,015 sales recorded in February 2008. The average home price was $361,305 last month compared to $382,048 during the same month last year.That's not a very long banner.BUT the details are what is interesting;In the West section ( that I serve) Last year Feb 08, we had 7,359 listings with 2,358 sales. A ratio of approximately one in … (0 comments)
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commentary: Will the Spring Market Last 13 Seconds? - 12/13/08 12:44 PM
Everyone will talk about the Real Estate Market in Toronto over the seasonal festivities that we enjoy at this time of the year.Will the Market go up? Will the market collapse? Buyers who were priced out of the market and have been waiting on the sidelines have said "I'll Buy when.... the prices are cheaper? Interest Rate Shoppers will come out when.... the Rates come down.
Here are my thoughts;
Housing is based on confidence. Confidence in your job, your home life and your financial security. Where and What you will buy is based on your family need. Interest Rates starting … (0 comments)
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commentary: Buyers Market or Buyers Strike? - 11/21/08 07:34 AM
Things have noticeably slowed down in the past year, with home buyers hitting some invisible wall about mid September, but many Real Estate Buyer's fear today's prices will seem way too high tomorrow, so they're sitting on the sidelines.People simply will stop buying, When the difference between what buyers want to pay and what sellers wanted to receive widens dramatically.. and then some homes couldn't find any buyers at all.Buyer's strikes aren't one-day phenomenon, but neither do they stretch on for months. The strike ends when buyer's think they again know what homes are worth and stop sitting on their hands … (0 comments)
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David Pylyp
Toronto,
ON
More about me…
RE/MAX Realty Specialists Inc.,
Office Phone: (905) 272-3434
Cell Phone: (647) 218-2414
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News, views, rants and commentary about Toronto west Real Estate issues and Local Community events from David Pylyp.
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