MARCH 2021 Report Alderwood house prices

march 2021 rePORT On ALDERWOOD HOUSE PRICES AlderwoodHousePrices.ca

REPORT ON ALDERWOOD MARCH 2021 HOUSE PRICES CURRENT (March 2021) Average Asking Price: $1,517,039 a Homes For Sale Now: 20 (see page 5) a FEBRUARY 2021 (latest complete month) Homes Sold: 18 Average Sold Price: $1,312,833 LAST 6 MONTHS (Sept thru Feb) Homes Sold: 83 Average Sold Price: $1,223,292 INSIDE The Monthly Report gives you an in-depth look into the housing market in Alderwood and is an + Last Month’s Sold Prices easy way to see what your house may be worth. + Current Listings MARCH 2021 Do you have any questions or suggestions? + Past Six-Month Trends Please feel comfortable getting in touch. + Home Price Index™ and More Alderwood House Prices Report Courtesy of Mark Gaudet Sales Representative Right At Home Realty Inc Brokerage 416-551-6847 [email protected]

20 Homes Currently for sale Median Asking Price: 1.32m Price Range $880 to $2.9m When Sellers are Buyers in a Seller’s Market Alderwood, March 2021 ~ There is one real estate cycle competing in a seller-centered market? And once they that scares people more than any other - and we are in find a home, will the market still favour a quick and it. prosperous sale of their current home? While all real estate cycles have challenges, when the Some sellers – those who decide to rent, estate inventory of available homes is as low as it is now, executors or investors – may not face these questions. home sellers have an unusual advantage. Sellers can But most sellers do, and it demonstrates that even a set the terms and control the process because they robust seller’s market has challenges. don't have as many competitors, which means buyers have fewer choices. The good news is that, with the right plan, you can be strategically protected while maximizing your seller’s Wait, isn’t this good news for sellers? Of course it is – advantage. and we’ve recently helped clients achieve marvelous success when they sold. This would include, among other things, applying a shrewd selling and buying approach, and preparing (but But here’s the question: Sellers may really want a not over-preparing) your home for sale. This helps pave larger home, or a smaller home, or simply a different the way to successful moves in challenging times. neighbourhood, but in order to move to their next home, do they sell or buy first? I’m working with an investor who is searching for a legal duplex or triplex anywhere in the GTA. Do they take the risk of first selling their current home, Please get in touch if you know someone who is then hope they’ll be able to find their new home in a considering selling. tight market before their current home closes? ~ Mark Gaudet 416-551-6847 Or do they look for a new home first - now as buyers

FEB Latest JAN Seasonally FEB Year- 2021 complete 2021 adjusted 2020 to-Date month New Added Listings: 26 New Added Listings: 12 New Added Listings: 15 Homes Sold: 18 Homes Sold: 6 Homes Sold: 6 Avg Sold Price: Avg Sold Price: Avg Sold Price: $1,312,833 $1,324,648 $1,088,667 Median Price: Median Price: Median Price: $1,247,450 $1,227,444 $934,394 Avg Days on Market: 16 Avg Days on Market: 28 Avg Days on Market: 13 Terminated or Expired: 1 Terminated or Expired: 4 Terminated or Expired: 8 Alderwood 12 Month Avg Sale Price 1400000 1200000 1000000 800000 600000 400000 200000 0 Mar Apr May June July Aug Sept Oct Nov Dec Jan Feb Avg Sold Price

Past 6 Months (83 Homes Sold) Past 6 Months Statistics with House Type & Style $1,230,000 $1,190,798 $1,223,292 HOUSE TYPE $1,220,000 Sold Price $1,210,000 $1,179,311 Row/Twnhouse - 1 $1,200,000 Detached - 65 $1,190,000 $1,180,000 Semi-Detached - 16 Duplex/Multi - 1 $1,170,000 $1,160,000 HOUSE STYLE $1,150,000 1 1/2 Storey - 6 List Price 2-Storey - 38 Original Price 2 1/2 Storey - 0 3-Storey - 5 Bungaloft - 1 Bungalow - 30 Raised Bungalow - 2 Backsplit- 1 Other - 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 (65 Sold) Current Six Months (83 Sold) better idea of market trends. 998,000 1,023,269 931,026 1,066,275 973,611 1,112,616 979,186 1,134,356 976,354 1,169,756 970,568 1,185,423 1,007,293 1,183,020 995,824 1,211,315 1,029,026 1,209,298 1,040,828 1,213,485 1,068,874 1,206,508 1,074,990 1,223,292 OCT/MAR NOV/APR DEC/MAY JAN/JUN FEB/JULY MAR/AUG APR/SEP MAY/OCT JUN/NOV JUL/DEC AUG/JAN SEP/FEB

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ALDERWOOD HPI HOUSE PRICES - Benchmark Homes Based on MLS-Home Price Index (MLS®HPI)* $1,400,000 $1,200,000 16.95 % $1,000,000 2-Storey Detached One Year Price Change $800,000 21.63 % $600,000 Bungalow $400,000 One Year Price Change $200,000 17.83% $0 Composite 2 Storey Detached Bungalow One Year Price Change Benchmark 1 Month Ago 3 Months Ago Composite 1 yr Ago (Incl. 1 ½ storey) 6 Months Ago *The MLS HPI® Price Index is a new method of measuring real estate prices. It ignores average sold prices, which can distort values. This system uses a statistical model that considers quantitative & qualitative characteristics to set a “Benchmark” price. The HPI is like the Consumer Price Index (CPI), which measures the value of a “basket” of common goods & services. Similarly, HPI measures the contribution toward a home’s prices that each attribute or feature makes as part of a “basket” of housing features. Whenever you’re ready, here are two ways we can help you… 1. GET PIN-POINT PRICING 2. TRY A ROOM-BY-ROOM REVIEW It’s natural to be curious about what your house may People often ask how to get the highest price for their be worth in today’s new world. property. The good news is there is simple way to increase the value of your house – and it doesn’t need to You may also be curious if there’s a “secret sauce” cost a lot, or anything at all! to finding your home’s value – beyond the charts graphs and statistics. The secret is to think about your house in the eyes of a buyer. Consider your house as a commodity, competing In fact, the key to understanding what’s really on the open market with other commodities. happening with home values is recognizing market influences, working daily in the area with active You don’t need a major renovation – you just want to buyers, as well as making sense of all the numbers. make your house the “best in class”. Our goal is to have Add a healthy amount of passion for all of this – and your house the one that buyers remember as the best of that’s our secret sauce! its kind. We use it to produce your personal Pin-Point Pricing The best way to do this is to begin with a “Room-By- Report. It’s free & there’s no obligation. Room Review”. This is our proven method of getting the most out of the interior and exterior of the house. It If you’re curious about the Pin-Point Pricing doesn’t mean a lot of work or a big investment. In fact, Report please call our 24-Hr Free recorded my team and I can take care of the whole thing for you! message at 1-(855)-781-8881 Ext 32 Or just go to www.pinpointpricing.ca To get your Room-By-Room review, just call 1-855- 781-8881 Ext 18 for a 24-Hr Free Recorded Message or go to www.etobicokehomeservices.ca