December 2021 Report on Minto Townhouse Price

decembER 2021 MintoLongbranchPrices.ca

REPORT ON MINTO DECEMBER 2021 a LONGBRANCH PRICES a CURRENT (DECEMBER 2021) Average Asking Price: $449,000 Homes For Sale Now: 1 (see page 5) NOVEMBER 2021 (latest complete month) Homes Sold: 7 Average Sold Price: $891,857 LAST 6 MONTHS (JUN thru NOV) Homes Sold: 40 Average Sold Price: $867,055 INSIDE The Monthly Report gives you an in-depth look into the housing market in the Minto Longbranch + Last Month’s Sold Prices area and is an easy way to see what your house + Current Listings DECEMBER 2021 may be worth. Do you have any questions or + Past Six-Month Trends suggestions? Please feel comfortable getting in touch. Minto Townhouse Prices Report Courtesy of Mark Gaudet Realtor Right At Home Realty Inc Broker 416-551-6847 [email protected]

1 Homes Currently for sale Median Asking Price: $449,000 Price Range $449,000 Consistency Beats Uncertainty Minto Long Branch, December 2021 ~ There were 7 That said, the median price last month was $956,000 sales last month, the same number as November 2020 and in November 2020 was $795,000 a difference of and just one more than in October. Sales at Minto have 18.37%. In a way, you could argue that there is a shown consistency throughout this past year with a consistency here – of rising prices. steady turnover rate of about 13.6%. In this seller’s market many homes are listed and sold In fact, this year there were six months in which 7 quickly by inducing multiple competitive offers, the homes were sold, and three months in which 6 were infamous “bidding war”. The idea or strategy is to sold. October had the highest number of sales with 8; under-list the property by first establishing its fair the lowest was in August with 3. With just one property market value, listing it below that value to entice currently for sale, we’ll need four more to be buyers, and then taking offers after 7 days of marketing. consistent with the five that sold last December. But there is no rule to guide sellers in how much below There’s something to be said for consistency, market value will do the “right” enticing. Listing too especially during uncertain times. However, the high scares off qualified buyers; too low brings consistency of turnover at Minto was not reflected in unqualified buyers. The result is that the home does not the sale prices. Those continue to rise here, not unlike sell on the designated offer date and then languishes. the rest of GTA. Even in this market, correct initial pricing is essential. The average sale price in November was $897,857 Dear Neighbour, I’d like to wish you the very which is 15.02% higher than one year ago. Averages, of best of the season. May you and your family be course, need to be taken in context, especially when blessed with love, good health, and prosperity! there is a wide variety of unit size and a range of values. ~ Mark Gaudet, Realtor, BA, AEA

NOV Latest OCT Seasonally NOV Year- 2021 complete 2021 adjusted 2020 to-Date month New Added Listings: 8 New Added Listings: 8 New Added Listings: 7 Homes Sold: 7 Homes Sold: 8 Homes Sold: 7 Avg Sold Price: Avg Sold Price: Avg Sold Price: $897,857 $814,125 $772,357 Median Sold Price: Median Sold Price: Median Sold Price: $956,000 $846,250 $795,000 Avg Days on Market: 8 Avg Days on Market: 12 Avg Days on Market: 37 Terminated or Expired: 0 Terminated or Expired: 0 Terminated or Expired: 3 Minto Longbanch 12 Month Avg Sale Price 1,000,000 900,000 800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000 0 Dec Jan Feb Mar Apr May June July Aug Sept Oct Nov Avg Sold Price

Past 6 Months (40 Homes Sold) Past 6 Months Statistics with House Type & Style $870,000 $850,874 $867,055 BEDROOMS $865,000 Sold Price $860,000 $847,999 1 Bedroom - 3 $855,000 1+ Bedroom - 1 $850,000 2 Bedroom - 24 2+ Bedroom - 2 $845,000 $840,000 3 Bedroom - 8 $835,000 3+ Bedroom - 2 List Price Original Price 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 (38 Sold) Current Six Months (40 Sold) better idea of market trends. 715,904 773,619 730,822 759,593 742,503 772,204 759,087 789,778 773,244 822,219 774,259 822,680 796,603 829,431 803,553 845,459 789,140 858,628 775,543 856,050 764,846 846,580 772,916 867,055 JUL/DEC AUG/JAN SEP/FEB OCT/MAR NOV/APR DEC/MAY JAN/JUN FEB/JULY MAR/AUG APR/SEP MAY/OCT JUN/NOV

*Updated December 1, 2021

*As of November 30, 2021 1,000,000 956,000 18 950,000 16 900,000 922,367 14 850,000 891,857 12 840,827 856,239 10 8 820,000 6 4 800,000 2 Percen 0 t Sold 750,000 Average Days Over Median on Asking Market Price 7 Average Average Minto 8 List Price Sold Price 956,000 Longbran 16 8.2 Minto Longbranch 840,827 891,857 820,000 ch Toronto 922,367 856,239 Toronto Minto Longbranch Toronto Minto Longbranch Toronto

Whenever you’re ready, here are 4 ways I can help… 1. GET PIN-POINT PRICING SCAN ME My favourite thing to do is show homeowners how much their house is really worth by using Pin-Point Pricing. Just call 1-(855)-781-8881 Ext 32 for a 24-Hr Recorded Message 2. TRY A ROOM-BY-ROOM REVIEW SCAN ME I’ll give you the scoop on what fixes, inside and outside, get you the biggest return for the lowest cost. Just call 1-(855)-781-8881 Ext 36 for a 24-Hr Recorded Message 3. DISCOVER WHERE YOU COULD MOVE: PLACES & PRICES I love showing people the realistic options they don’t realize they SCAN ME have. You might be surprised at how bright the future looks. Just call 1-(855)-781-8881 Ext 42 for a 24-Hr Recorded Message 4. GET ON THE SILENT MARKET LIST If you’re curious about how your home can benefit from being a part of the Silent Market list, Just call 1-(855)-781-8881 Ext 46 for a 24-Hr Recorded Message SCAN ME Mark Gaudet, Realtor MARKitHOME.com Right At Home Realty Inc Broker EFFORTLESS MOVES Feel comfortable calling me directly at 416-551-6847 or email [email protected]