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Transition in Toronto?

By
Real Estate Agent with Urbanthink.ca

Common knowledge seems to be the Toronto Real Estate Market is undergoing a transition. Few people know what we're transitioning to. i wish I knew.The facts make a statement. There has been a 20%+ drop in the number of sale transactions in the city of Toronto real estate market yet the average price still increased by several percentage points. This may be attributed to the sale of better product which still commands a respectable price whereas the mediocre homes are sitting on the market for longer periods. Sellers must also realize the increased importance of dealing with an experienced agent during these periods. 2 of the most critical skills in the balanced Toronto real estate market are pricing and marketing. Experience, intuition, having seen the interior of comparable houses and knowing what broader market factors existed at the time of the sale are all important elements when pricing a house. Once the asking price is set, the marketing of the space then becomes a higher priority in order to expose the house or condo to the greatest number of potential buyers and their representatives throughout the city and beyond.Broadcasting the word (and photos) often distinguish a successful realtor from the huge influx of part-time and new agents who have joined the Toronto Real Estate Board to make an "easy buck".

Kevin Wood,
Keller Williams Southern Arizona - Tucson, AZ
Tucson, AZ Realtor

Marc,

Welcome! Sharing your perspective makes Active Rain what it is, an unlimited educational resource. The more you express who you are and what makes you tick the more people will know, like, and trust you. And will probably refer you. Just like anything else in life the "Giver's will Gain".

 

 

Oct 16, 2008 04:36 PM
Lynda Eisenmann
Preferred Home Brokers - Brea, CA
Broker Associate ,CRS,GRI,SRES, Brea,CA, Orange Co

Marc,

Transitioning? A few of us were just talking yesterday about the fact the Canadian market looks like it has remained strong. Is Canada feeling the global pinch?

Oct 16, 2008 04:36 PM
Jean Groesbeck
Compass - Anacortes, WA
Broker, CRS, e-PRO, ABR, ASP, CNE, IMS

It is not good news for any of us when the numbers drop!  I hope it is just temporary!

Oct 16, 2008 04:36 PM
Keith Elliott Jr
KEIRE Realty Group - Manassas, VA
Principal Broker/Owner

Hello Marc,

Welcome to Active Rain and congrats on your first post! The opportunities to learn and network are incredible here. Best of luck to you!

-Keith

Oct 16, 2008 04:47 PM
marc paille
Urbanthink.ca - Toronto, ON

thanks everyone for the warm welcome,

Oct 16, 2008 04:58 PM
Neal Barnes
Starstate Realty - Killeen, TX
Broker, REALTOR, ABR, CRS, GRI, SRES, SRS.

Hi Marc   -   Welcome to ActiveRain.  I look forward to networking with you and reading your future post.  Have A Great Day!!!

Oct 16, 2008 05:00 PM
Vicente A. Martinez
Prudential Douglas Elliman Licensed Real Estate Salesperson - Woodhaven, NY
Realtor, Brooklyn - Long Island - Queens Homes

Hi and welcome to active|rain. There are thousands of tips, tools, and tricks of the trade here. Be sure to check them out. Best of luck and see you around.

Oct 16, 2008 09:54 PM
Marcy Fedalei
Keller Williams Realty - Spartanburg, SC

Great start on ActiveRain! Welcome and thank you for sharing your thoughts and ideas.

Oct 16, 2008 10:30 PM
Yvette Gardner
Keller Williams Realty, Spartanburg, SC - Spartanburg, SC

Welcome to the Active Rain community. This is a great site with lots of information.  Have fun with it and hope to see more of your blogs soon!  We have a team of four outstanding full time agents to assist your buyers and sellers in Spartanburg/Greenville, SC.  Again, welcome to AR!!

Oct 17, 2008 01:05 AM
Sasha Miletic - Windsor Real Estate
RE/MAX Preferred Realty Ltd. - Windsor, ON

Hi Marc, Welcome to AR, Be a Blogholic and start writing your own blog soon on AR. All the best for your RE business. This is the right place for customers, friends, relationships etc.

Best - Sash

 PS: FREE blog traffic strategy video...Hope this will help you... http://activerain.com/blogsview/447190/New-Training-Video-Shows

Oct 17, 2008 01:21 AM
Dan Magstadt
Paramount Residential Mortgage Group, Inc - Lake City, FL

Congrats on your first post - Welcome to ActiveRain!!

DM

Oct 17, 2008 02:16 AM
Benjamin Clark
Homebuyer Representation, Inc. - Salt Lake City, UT
Buyer's Agent - Certified Negotiation Expert

Marc - Welcome to Active Rain! For some tips on how to get started here, check out my blog entry at ActiveRain Fast-Start Tips for Quick and Easy Points. If you have any questions, just ask! Happy blogging and good luck!

Oct 19, 2008 04:33 PM