May 2019 Monthly Report West Alderwood Houses

MAY 2019 REPORT On west ALDERWOOD HOUSE PRICES With Up-to-date statistics & Analysis

Homes Sold Past 6 Months: 25 Average Sale Price APRIL '19: $883,378 Average Days on Market APRIL '19: 12 MAY 2019 REPORT ON WEST ALDERWOOD HOUSE PRICES + Last Month’s Sold Prices + Current Listings MAY 2019 + Past Six-Month Trends, Home Price Index, and More This Report gives you an in-depth look into the housing market in West Alderwood, with charts and analysis, plus up-to-the minute statistics based on all the homes currently for sale and sold in West Alderwood over the last six months. Enjoy! West Alderwood House Prices Report Courtesy of Mark Gaudet Sales Representative Right At Home Realty Inc Brokerage 416-551-6847 [email protected]

WEST ALDERWOOD HOUSE PRICES REPORT Seven homes currently for sale MAY 1 2019 Holding back offers Price Range $599k to $1.75m West Alderwood - Still A Popular Kid on the Block West Alderwood, April 2019 ~ The benchmark adjusted), Alderwood is still a popular spot to buy. price for “composite properties” rose 4.11% year- over-year from last April (please see HPI on page Alderwood attracts several types of buyers and if 6). That means that a typical property sold for you’re selling your home, it is essential to properly about $37,000 more than a year ago. identify them to sell quickly & get the right price. Composite properties within the HPI are an We recently marketed a West Alderwood home by amalgamation of typical sizes and features of West identifying two types of potential buyers. The Alderwood houses including detached, semi- house was partially updated and in a great detached, 1.5 to 2.5 storeys, etc. location, but had some problematic interior issues. If we look at average sold prices through traditional We marketed it to first-time house buyers who are market analysis, the story is similar. The average anxious to get into this area. And we also targeted price in April 2018 was $834,200 and in April 2018 builders/developers who would be attracted to the it was $883,378, which is close to a 6% increase. land/location and the future value of a rebuilt property in Alderwood. With a moderate increase in market prices and the number of listings remaining the same (seasonally The target marketing worked: the seller received four offers and sold for well-over the asking price. GUARANTEED SALE PRICING Two of the offers were from first-time buyers and To get a Free Pin-Point Analysis of your West two were from builders. Alderwood House including a Room-By-Room ~ Mark Gaudet Review, just call 1-855-781-8881, Ext. 32 for a 24-hour free recorded message.

MAY 2019 REPORT ON WEST ALDERWOOD HOUSE PRICES Performance This Past Month VS Previous Month VS Last Year April March 2019 VS 2019 VS Homes Sold: 4 Homes Sold: 7 Homes Sold: 3 Avg Selling Price: 883,378 Avg Selling Price: 998,000 Avg Selling Price: 834,200 Avg Days on Market: 12 Avg Days on Market: 16 Avg Days on Market: 6 West Alderwood 12 Month Avg Sale Price 1200000 1000000 800000 600000 400000 200000 0 May June July Aug Sept Oct Nov Dec Jan Feb Mar Apr Avg Sold Price

PREVIOUS SIX MONTHS MARKET ACTIVITY Nov '18 - Apr '19 Sold Statistics and Counts 1,000,000 House Type 950,000 Row/Twnhouse - 2 900,000 Detached - 19 850,000 Semi-Detached - 3 800,000 Duplex - 1 750,000 700,000 House Style 1 1/2 Storey - 1 list price original price sold price 2-Storey - 9 2 1/2 Storey - 0 3-Storey - 2 Backsplit - 0 Bungalow - 10 Bungalow-Raised - 3 average median mode 2,000,000 Monthly Sold Prices - Avg, Highest & Lowest Nov 2018 thru Apr 2019 Because West 1,500,000 Alderwood has fewer listings, a obfetthtee1r m,0a0r0k,e0t00 reflection comes from looking at six-month trend5s0f0ro,0m00 last year to this year. 0 Nov Dec Jan Feb March April Avg Sold Price Low Price High Price Comparing 6-Month Range of Average Sold Prices (Nov '17 thru Apr '18) VS (Nov '18 thru Apr '19) 2017-18 2018-19 865,118 967,728 868,118 981,980 869,953 965,865 895,547 981,345 908,078 775,000 947,521 947,106 975,677 946,204 MAY-OCT JUN-NOV JUL-DEC AUG-JAN SEPT-FEB OCT-MAR NOV-APR

WEST ALDERWOOD REPORT West Alderwood – Currently For Sale* *Updated May 15, 2019 West Alderwood – Sold in April 2019

ALDERWOOD HOUSE PRICES As of May 1, 2019 Based on MLS-House Price Index (MLS®HPI) 1,000,000 900,000 800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000 This is the current 0 estimated price Composite 2 Storey Det for the house type Bungalow Benchmark 1 Month Ago 3 Months Ago 6 Months Ago 1 yr Ago 3 yrs Ago 4.11% 2.10% 6.53% Composite 2-Storey Detached Bungalow One Year Price Appreciation One Year Price Appreciation One Year Price Appreciation A NEW WAY TO FIND HOW MUCH Much Better Than YOUR HOUSE IS WORTH “Average” The chart above is based on the MLS®HPI, a new, alternative way to measure real estate prices within a specific neighbourhood. It’s First, we analyze results from the as close as you can get to having an experienced Realtor assess MLS®-HPI, and apply it to a very your home’s true value. Most importantly it helps you approach detailed Comparative Market important buying and selling decisions with more confidence. Analysis (CMA). Then we add our daily knowledge and understanding Developed by some genius nerds at a Canadian University, the of the nuances of the local market to MLS®HPI is calculated using a sophisticated statistical model that arrive at Pin-Point Pricing for West considers both a home’s quantitative (e.g. the number of bedrooms Alderwood homes. To see if Pin- it has) features and qualitative features (e.g. whether it has a point Pricing is the right thing for you, finished basement, superior view, renovated bathroom, etc). please listen to our 24-hr Free recorded message at 1-(855)-781- For example, whereas the standard MLS® shows you the price of 8881 Ext 32 a 3-bedroom house in West Alderwood, the MLS®HPI shows the benchmark 3-bedroom house that includes features of homes that homebuyers in our neighbourhood value.

GREATER ALDERWOOD April 2019 by the numbers MARKitHOME.com Total Transactions Total New Listings Greater Alderwood Greater Alderwood Year-Over-Year Year-Over-Year April 2019: 12 April 2019: 24 April 2018: 10 April 2018: 18 Seasonally Adjusted Seasonally Adjusted April 2019: 12 April 2019: 24 March 2019: 12 March 2019: 29 Average Selling Price SHERWAY AREA STUDY Greater Alderwood The City is looking for your feedback on the draft Sherway Secondary Plan – guiding future growth & development in Year-Over-Year the area-new residential, retail, office, new roads, parks, etc April 2019: $932,418 April 2018: $836,960 OPEN HOUSES Seasonally Adjusted Monday, May 27, 2019 6:30-8:30 PM April 2019: $932,418 St. Ambrose Catholic School – 20 Coules Crt March 2019: $1,002,917 Wednesday, May 29, 2019 2:00-9:00 PM Sherway Gardens – 25 The West Mall Next to Nordstrom – Door 6 West Alderwood House Prices Report Courtesy of Mark Gaudet Sales Representative Right At Home Realty Inc Brokerage 416-551-6847 [email protected]