March 2022 Report Alderwood house prices

MARCH 2022 rePORT On ALDERWOOD HOUSE PRICES AlderwoodHousePrices.ca

REPORT ON ALDERWOOD HOUSE PRICES MARCH 2022 MARCH 2022 Average Asking Price: $1,696,200 Homes For Sale Now: 5 (see page 5) FEBRUARY 2021 (latest complete month) Homes Sold: 6 Average Sold Price: $1,887,500 SEPTEMBER thru FEBRUARY Homes Sold: 50 Average Sold Price: $1,515,360 Inside The Monthly Report gives you an in-depth look into the housing market in Alderwood and is an + FEBRUARY 2022 Sold Prices easy way to see what your house may be worth. + MARCH 2022 Current Listings + Past Six-Month Trends Alderwood House Prices Report Courtesy of Mark Gaudet Realtor Right At Home Realty Inc., Broker 416-551-6847 [email protected]

5 Homes Currently for sale Median Asking Price: 1.49m Price Range $1.29m to $2.08m When Turnover Makes Millionaires Alderwood, March 2022 ~ If you’ve noticed far fewer the same as Mimico and New Toronto. ‘For Sale’ signs here, you will have some notion about our local market. In a generally quiet GTA market, it is Calculating turnover helps when comparing different quieter than many. areas and when observing trends. We haven’t seen a “normal” 8-10% turnover in several years. Since May and June of last year when 24 houses sold in each of those two months, Alderwood has seen a Our low turnover rate is the result of several factors. steady decline in the number of monthly sales. One is that people are staying in their homes longer than in the past – even after the kids have moved May and June are typically busier months, but from away. They may not need the house but love the area. July through December we did not get passed 13 sales for each month. The average over those six months Another is that some people, who would consider was ten with December at just five. selling, believe that they can’t afford to move. A comment often heard is, “I couldn’t afford to buy the Of course, this isn’t because fewer people are buying; house I’m living in”. it’s because fewer people are selling. The lack of housing inventory is not news – we’ve talked about it However, as more people learn how selling in this more than once in these pages. But with just four sales market literally will make them millionaires, viable in January and six in February, it’s particularly quiet. options begin to appear. Good things can happen with a million+ dollars in your pocket! Considering there are about 4,000 homes in I have a lovely 2+1-bedroom townhouse Alderwood, that’s a sales turnover of just 0.15%. coming soon. If you know someone who might It is the lowest in South Etobicoke; in comparison Long be interested, please get in touch. Branch has a turnover rate of 0.29%, which is roughly ~ Mark Gaudet, Realtor, BA, AEA

FEB Latest JAN Seasonally FEB Year- 2021 complete 2022 adjusted 2021 to-Date month New Added Listings: 8 New Added Listings: 6 New Added Listings: 26 Homes Sold: 6 Homes Sold: 4 Homes Sold: 19 Avg Sold Price: Avg Sold Price: Avg Sold Price: $1,887,500 $2,069,139 $1,334,526 Median Sold Price: Median Sold Price: Median Sold Price: $1,840,000 $1,908,000 $1,367,500 Avg Days on Market: 9 Avg Days on Market: 19 Avg Days on Market: 20 Terminated or Expired: 1 Terminated or Expired: 0 Terminated or Expired: 4 Alderwood 12 Month Avg Sale Price 2500000 2000000 1500000 1000000 500000 0 Mar Apr May June July Aug Sept Oct Nov Dec Jan Feb Avg Sold Price

Past 6 Months (50 Homes Sold) Past 6 Months Statistics with House Type & Style $1,520,000 $1,515,360 HOUSE TYPE $1,500,000 $1,480,000 $1,418,829 $1,420,269 Row/Twnhouse - 1 $1,460,000 Detached - 38 $1,440,000 $1,420,000 Semi-Detached - 9 Duplex/Multi - 2 $1,400,000 $1,380,000 HOUSE STYLE $1,360,000 1 1/2 Storey - 7 List Price 2-Storey - 25 Original Price Sold Price 2 1/2 Storey - 1 3-Storey - 1 Bungaloft - 0 Bungalow - 14 Raised Bungalow - 1 Backsplit - 0 Other - 1 Here we compare two COMPARING 6-MONTH RANGE sets of 6-month sales OF AVERAGE SOLD PRICES averages from one year to the next to give us a Prev Yr Six Months (84 Sold) Current Six Months (50 Sold) better idea of market trends. 1,072,553 1,299,993 1,131,304 1,296,103 1,112,616 1,327,083 1,134,356 1,302,522 1,169,756 1,313,215 1,185,423 1,323,650 1,183,020 1,287,192 1,211,315 1,306,782 1,209,298 1,324,979 1,213,485 1,405,384 1,206,508 1,464,614 1,223,292 1,515,360 OCT/MAR NOV/APR DEC/MAY JAN/JUN FEB/JULY MAR/AUG APR/SEP MAY/OCT JUN/NOV JUL/DEC AUG/JAN SEP/FEB

*Updated March 2, 2022

As of February 28, 2022 2,000,000 1,825,856 1,887,5001,900,517 1,840,000 25 1,800,000 1,674,800 1,575,000 1,600,000 Average Sold 20 1,400,000 Average List Price Price Average Median 1,200,000 1,674,800 Price 15 1,000,000 1,825,856 1,887,500 1,900,517 1,840,000 10 800,000 1,575,000 600,000 5 400,000 200,000 0 Perce nt Sold 0 Days Over on Asking Alderwood Toronto Market 14.5 Alderwoo 9 21.1 d 9 Toronto Alderwood Toronto Alderwood Toronto

Whenever you’re ready, here are 4 ways I can help… 1. GET PIN-POINT PRICING SCAN ME Take the guess work out of it! If you want to know how much your house is really worth, try no-obligation Pin-Point Pricing. Please call 1-(855)-781-8881 Ext 32 for a recorded message or visit markithome.com/page/get-pin-point-pricing or scan… 2. TRY A ROOM-BY-ROOM REVIEW SCAN ME I’ll give you the scoop on what fixes get you the biggest return for the lowest cost. And who can fix it for you! Please call 1-(855)-781-8881 Ext 36 for a recorded message or visit markithome.com/page/try-a-room-by-room-review or scan… 3. DISCOVER WHERE YOU COULD MOVE SCAN ME Ever heard the phrase, you don’t know what you don’t know? What if you knew about great places to live with affordable prices? Please call 1-(855)-781-8881 Ext 42 for a recorded message, visit markithome.com/page/discover-where-you-could-move or scan… 4. GET ON THE SILENT MARKET LIST SCAN ME Can you sell without listing? If you’re curious about how your home can benefit from being on my Silent Market list, Please call 1-(855)-781-8881 Ext 46 for a Recorded Message or visit markithome.com/page/enjoy-the-benefits-of-the-silent-market As a realtor, not a typical salesperson, these Free Offers are 100% no-obligation, no pressure. Please feel comfortable calling me at 416-551-6847 or email [email protected] MARKitHOME.com Mark Gaudet Realtor EFFORTLESS MOVES Right At Home Realty Inc Broker 416-551-6847 [email protected]