REAL ESTATE MARKET STATISTICS FEBRUARY, 2017
The Toronto and Mississauga area real estate market is still very busy. Due to the shortage of houses for sale it has created a Seller’s market. Sellers are seeing multiple offers on their homes and are getting above asking price. We continue to see recored sales in the Toronto and area market.
This market makes it very hard for Buyers who are looking to purchase a home. It can be discouraging, but don’t give up. There will be other homes coming on the market. Keep working with your realtor and you will be successful. Have a plan when submitting your offer. Stay within your price range and don’t purchase a home with emotions.
– Number of sale increased slightly by .26% from 777 in February 2016 to 779 in February, 2017.
– The average sales price increased by 27.39% from $568,671 to $724,431.
– Average days on market were down by 42.86% down from 21 days to 12 days.
– The average Selling Price to List price ratio increased by 8% from 100% in February, 2016 to 108% in February, 2017.
Are you considering a move in the near future? I know you will appreciate the service, honesty and the quality representation I will provide you. Call me at 416-717-6331 and let me show you what I do, and how well I do it… with 30 years of experience to benefit you.
To look for information on buying or selling real estate, please visit my website: www.gloriavalvasori.com
For information on Buying Real Estate: https://gloriavalvasori.com/buying
To find information on Selling: https://gloriavalvasori.com/selling
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