compared to last year but not as high as it was during the summer months
I hope this finds you Happy and Healthy!
All the Best!
Mark
A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate
You have found the premier Mississauga Real Estate Blog. It's filled with Up-to-date and useful information about Housing Trends, Home Prices, Market Statistics, MLS Home Search, Buying and Selling Tips for Erin Mills, Meadowvale, Streetsville, Lisgar, Pheasant Run, Sawmill Valley, Credit Mills and Churchill Meadows areas of Mississauga, Ontario. Plus, you will find a few other posts about my clients real estate experiences and non real estate related topics that I hope you find of interest
All the Best!
Mark
A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate
Full report with sales stats are below
All the best,
Mark
GTA REALTORS(r) Report Mid-Month Resale Housing Figures
TORONTO, September 16, 2010 ‐ Greater Toronto REALTORS(r) reported 2,623 sales through the Multiple Listing Service(r) (MLS(r)) during the first two weeks of September 2010. This represented a 22 per cent decrease compared to the 3,361 sales recorded during the same period in 2009. Year-to-date sales amounted to 65,455, representing a six per cent increase compared to 2009.
"Sales remain below the record pace we experienced in the second half of 2009. The prospect of higher interest rates and new mortgage lending guidelines resulted in higher than normal sales in the first few months of the year.
To balance this out, the pace of sales has slowed in the second half," said Toronto Real Estate Board President Bill Johnston.
"It is important to note that year-to-date sales remain above the number reported through the same period last year," added Johnston.
The average price for September mid-month transactions was $412,367 - up five per cent compared to the average of $393,818 recorded during the first 14 days of September 2009.
"Under current lending standards, the average selling price is affordable for a household earning the average income in the GTA. The annual price growth we have been experiencing has been justified by this positive affordability picture," said Jason Mercer, TREB's Senior Manager of Market Analysis.
Summary Of September Sales And Average Price
September
2010 2009
Sales Average Price Sales Average Price
City of Toronto ("416") 978 $435,643 1,280 $415,126
Rest of GTA ("905") 1,645 $398,529 2,081 $380,712
GTA 2,623 $412,367 3,361 $393,818
Source: Toronto Real Estate Board
Sales & Average Price By Home Type
September‐2010
Sales Average Price
416 905 Total 416 905 Total
Detached 312 919 1,231 621,706 476,329 513,326
Yr./Yr. % Change ‐22% ‐22% ‐22% 8% 6% 7%
Semi‐Detached 102 195 297 460,878 339,515 381,195
Yr./Yr. % Change ‐29% ‐14% ‐20% 0% 3% 0%
Townhouse 99 287 386 402,683 298,204 325,000
Yr./Yr. % Change ‐35% ‐28% ‐30% 14% 1% 5%
Condo Apartment 457 203 660 311,897 247,145 291,981
Yr./Yr. % Change ‐20% ‐11% ‐17% 0% 2% 0%
Source: Toronto Real Estate Board
I hope this finds you Happy and Healthy!
All the Best!
Mark
A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc.
Providing Full-Time Professional Real Estate Services since 1987
BUS 905-828-3434
FAX 905-828-2829 CELL 416-520-1577
mark@mississauga4sale.com
Mississauga4Sale.com
* Thinking of selling your home in the next 3 to 6 months? Would you
like a Complimentary & Quick Over-The-Net Home Evaluation ?
www.mississauga4sale.com/internet-evaluation.htm
* Power of Sales and Foreclosures
www.mississauga4sale.com/Power-Sales-Bank-Sales-Alert-Request.htm
* If you have not already signed up to receive my monthly real estate
newsletter, you may do so here: On-Line Real Estate Newsletter sign up
www.mississauga4sale.com/popupquestion.htm
* See seasonal housing patterns
www.mississauga4sale.com/TREBprice.htm
* Would you like me to send you a desk or wall Calendar?
www.mississauga4sale.com/Calendar-Order-Form.htm
All the Best!
Mark
A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate
All the Best!
Mark
A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc.
Providing Full-Time Professional Real Estate Services since 1987
BUS 905-828-3434
FAX 905-828-2829 CELL 416-520-1577
mark@mississauga4sale.com
Mississauga4Sale.com
* Thinking of selling your home in the next 3 to 6 months? Would you
like a Complimentary & Quick Over-The-Net Home Evaluation ?
www.mississauga4sale.com/internet-evaluation.htm
* Power of Sales and Foreclosures
www.mississauga4sale.com/Power-Sales-Bank-Sales-Alert-Request.htm
* If you have not already signed up to receive my monthly real estate
newsletter, you may do so here: On-Line Real Estate Newsletter sign up
www.mississauga4sale.com/popupquestion.htm
* See seasonal housing patterns
www.mississauga4sale.com/TREBprice.htm
* Would you like me to send you a desk or wall Calendar?
www.mississauga4sale.com/Calendar-Order-Form.htm
Saving is the key to wealth - The rich are not rich because they earn a lot of money; the rich are rich because they save a lot of money.
If you do not spend less than you earn, and if you do not save the difference, you cannot build the wealth you desire.
You have to have a system. The easiest system is a percentage system.
Let's say you use the 10% system.
Pay yourself first, take the first 10% from your paycheck and bank it, invest it, squirrel it away, skim it, transfer it to another bank, take the cash and put in a savings deposit box, whatever you like, I don't care what you do with it, but put it away somewhere and just watch it grow over the upcoming months and years. It's that simple. And that difficult. Just do it.
To your success!
Mark
The market continues to do well, in spite of the negative press. The stats of late are typical of June, July and August, no worries, but with interest rates increasing people are a little more cautious. The market is not 'on fire' the way it was in the spring, but most properties are still selling, some big price reductions here and there, but nothing significant yet.
See the link below, there are two townhomes at 2955 Thomas that are 'typical' 2 storey or 3 storey townhouses, otherwise, everything is as you say, well over $300k
Click here
http://www.torontomls.net/PublicWeb/CL.asp?link_no=32913113.495304
to view Properties of Interest (this link will only work for 2 weeks, up to about end of September 2010)
At 5659 Glen Erin that about 1.5 years ago had units for sale at $240k now has a unit for sale at $314k, just nuts.
These new price levels seem that they are here to stay. As you pointed out, prices are at $345k and more for McFarren, on at $358 and another at $385k at McFarren are both sold conditionally.
I too was hoping for a 'good deal' sometime in the summer, only one at 3150 Erin Centre, but it faced Erin Centre and was at the corner of Erin Centre and Oscar Peterson and it was the only 3 bedroom that sold for a hair under $300k
Notice that the 'Last Status" on many of the listings is PC meaning a price change, meaning they have dropped their price recently. This is an indication of a normal to softer market, but the prices are still high.
I'm not sure what Oct, Nov and December will bring. I don't think interest rates will go up again. If there is a recession or slowdown out there, it's certainly not in the GTA or Mississauga real estate sector.
The townhouses at 2955 Thomas are about the only townhomes that will carry with the rent. Passing on those at the price they are at could be a mistake in hindsight. There are some typical 2 storey units in that complex, but not listed right now.
Please let me know if you have more questions or would like to see inside any of the properties above.
Thank you,
Mark
So there you have it, the current townhomes for sale in the Erin Mills Town Centre and Churchill Meadows area in a nutshell!
Mark
All the Best!
Mark
A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate
This chart shows the percentage of sales in each price range from August 2008
This chart shows the percentage of sales in each price range from August 2010
This is a graphical representation showing the percentage of homes that sold
Note the shift when you compare this month to 2 years ago, quite
significant!
Enjoy!
Mark
Thank you for reading my blog and if there is anything else I can help you
with please don't hesitate to contact me,
Mark
A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate