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February is Always a Good Month

By
Commercial Real Estate Agent with RE/MAX West Realty Inc., Brokerage (Toronto)

February is Always a Good Month

Again, another "truism" among real estate agents, or is it?

Let's have a look at Februarys since 2004 and compare them to Januarys. Are the average prices in the GTA for single family homes (the key market indicator) up or down?

February

2004..........up

2005..........up

2006 ..........up

2007..........up

2008..........up

2009..........up

2010..........up

2011..........up

So, whether it's an "old wives' tale" or not, it does seem to work. And, it is important to note that it was even the case in 2008 with the onset of the recession.

Brian Madigan LL.B., Broker is an author and commentator on real estate matters, if you are interested in residential or commercial properties in Mississauga, Toronto or the GTA, you may contact him through Royal LePage Innovators Realty, Brokerage 905-796-8888
www.OntarioRealEstateSource.com

Jim Frimmer
HomeSmart Realty West - San Diego, CA
Realtor & CDPE, Mission Valley specialist

My marketing guru taught me to keep track of things, and it’s amazing what one can do if one looks at what has happened during the same period in past years. I had an excellent open house yesterday. Why? Because past Easter Saturdays were successful, whereas Easter Sunday, not so much, so I didn’t have an open house today. It was off to the Zoo instead.

Apr 24, 2011 01:06 PM
Kathy Clulow
Uxbridge, ON
Trusted For Experience - Respected For Results

Brian - a sure sign that our spring market realy starts in February ..... and if you check will likly find that it is over by the time most think it is just starting already the number of properties available in our area has risen about 50% from earlier this year.

Apr 24, 2011 03:59 PM
Gail Fabiani
Right at Home Realty Inc., Brokerage - Burlington, ON

Spring markets are great.  Homes sales in Burlington are usually good and prises rise at a slow steady pace keeping the market good but semi-reasonable.

Apr 26, 2011 04:53 AM
Joshua Zargari
MJ Decorators Workshop LI staging and home decorating - Lynbrook, NY
MJ Decorators Workshop

Great news.

Apr 26, 2011 06:43 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Brian, pretty easy to see, real estate is doing well in your area!

Apr 27, 2011 01:29 AM