Wow... what a February. People are asking me Jas, what's happening to the market? Are prices going to keep going up?
When you see the FEBRUARY MARKET statistics you can't blame them for asking.
So we had an increase of 16 percent in sales but new listings were only up 11 percent. President of TREB, Silver also suggests that Buyers and Sellers are very much aware of the current market conditions because listings are selling for an average 99% of asking price. I think, because it is a tight market, with very little inventory, Buyer agents have clearly educated the Buyers if they want to be successful in making a home purchase in Toronto, now is not the time for "low ball" offers!
We need a lot more listings on the market... otherwise there will be pressure on price to continue increasing, especially since interest rates are keeping home buying, still affordable for many first-time and move up buyers.
Are you planning to SELL within the next 3 to 6 months?
I'd love to help you SELL. We offer in home consultation with videos on how you can prepare your home to sell for thousands more. Plus our Open House strategy & marketing plan makes sure you get the most eyes on your property to sell faster and for more.
Download our "Listing Presentation" to see how REMAX and Team Jagpal can help you SELL.
Thank you,
Jas Jagpal, Boker | jasjagpal@gmail.com | 647.272.6629
Posted via email from Markham Homes for Sale : Markham Condos Real Estate : Investment Pre-Construction Condos
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