Fall Market Update Toronto west Real Estate

I want to keep you updated with the Fall Toronto Real Estate Market. There have been many negative stories in the media recently about how the market is “slipping” or that “prices in a housing bubble”.

Here is some interesting news that will take another week to be released to the media .... & because it isn’t Headline grabbing doom and gloom, they likely won’t report it. After reviewing the latest sales figures for the Toronto Real Estate Board;

We are continuing in a “SELLER’S MARKET”!

In the entire Toronto area as a whole, we currently have a 3 month’s supply of homes for sale. Experts consider this a “seller’s market”!

Yes there are over priced listing based on hope and what sold in the spring But Fall prices are historic What I mean is that we compare what sold before Not setting new price levels.

The vast majority of neighbourhoods in the Toronto are still experiencing a seller’s market.

There are a few that are in what could be described as a “balanced market”.

September 2010 there were 6,300 sales for the month The number of homes for sale IS STAYING LOW at 19 thousand. We thought many would be listings but that has not happened. The Reduced supply is holding prices firm. Most were predicting a sharp increase in new listings for September.

Proper pricing and presentation will find you buyers quickly. Buyers do have more choices this year. So in contrast to what you may be seeing in the news, we are doing just fine in Toronto.

Go out and Vote! We need your voice.