FEB 2021 Report Alderwood house prices

february 2021 rePORT On ALDERWOOD HOUSE PRICES AlderwoodHousePrices.ca

REPORT ON ALDERWOOD FEB. 2021 HOUSE PRICES CURRENT (Feb 2021) a Average Asking Price: $1,491,216 Homes For Sale Now: 18 (see page 5) JANUARY 2021 (latest complete month) Homes Sold: 6 Average Sold Price: $1,324,648 LAST 6 MONTHS (Aug thru Jan) Homes Sold: 90 Average Sold Price: $1,206,508 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 FEBRUARY 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]

18 Homes Currently for sale Median Asking Price: 1.22m Price Range $948 to $2.9m Is It Me, or Is It Hot Out There? Alderwood, February 2021 ~ Winter months in Toronto This lesson is being taught at a nearby home where, are known to be frosty, but the residential housing after an unsuccessful attempt to orchestrate multiple market to this point in early February is anything but. offers, the seller re-listed at a head-shakingly high price. That house is still languishing, well passed the average After the usual December lull, buyers and sellers length of time to sell, and getting staler. continue to be busy throughout the City, the GTA and beyond. Home buyers – arguably the most informed of all consumers – are perhaps needy but not gullible. Despite This is due to the factors that we’ve become used to: the regular headlines – “they overpaid by $$!” - that’s rock-bottom interest rates, and an unsatisfied buyer almost never the case at all. demand, which has more or less gone unabated during the pandemic. Add to this a desire among condo- Buyers are actively shopping – they see the comparable dwellers to move to a house with a yard, and we get properties and they acquire a keen sense of value. the proverbial, if cliché, “hot market”. Sellers who recognize this, price their home competitively, even in hot markets. Those are the Sellers are recognizing the signals – they aren’t hard to houses that sell quickly and get the highest price. miss – and are taking advantage. Twice as many houses in Alderwood were listed in January than December. I’m working with a couple that has a renovated 2-bedroom bungalow with a legal basement apt. But what some people learn the hard way is that, even If you know someone who wants to get into the in the hottest seller’s market, it’s not as simple as market, please let me know. asking whatever price you want, sticking up a sign and just watching the buyers line up like lemmings. ~ Mark Gaudet 416-551-6847

JAN Latest DEC Seasonally JAN Year- 2021 complete 2020 adjusted 2019 to-Date month New Added Listings: 12 New Added Listings: 6 New Added Listings: 10 Homes Sold: 6 Homes Sold: 6 Homes Sold: 8 Avg Sold Price: Avg Sold Price: Avg Sold Price: $1,324,648 $1,169,469 $1,211,167 Median Price: Median Price: Median Price: $1,227,444 1,099,450 $1,149,900 Avg Days on Market: 28 Avg Days on Market: 24 Avg Days on Market: 6 Terminated or Expired: 4 Terminated or Expired: 0 Terminated or Expired: 2 Alderwood 12 Month Avg Sale Price 1400000 1200000 1000000 800000 600000 400000 200000 0 Feb Mar Apr May June July Aug Sept Oct Nov Dec Jan Avg Sold Price

Past 6 Months (90 Homes Sold) Past 6 Months Statistics with House Type & Style $1,210,000 $1,186,189 $1,206,508 HOUSE TYPE $1,200,000 Sold Price $1,190,000 $1,172,489 Row/Twnhouse - 2 $1,180,000 Detached - 66 $1,170,000 Semi-Detached - 19 $1,160,000 Duplex/Multi - 3 $1,150,000 HOUSE STYLE List Price 1 1/2 Storey - 7 Original Price 2-Storey - 44 2 1/2 Storey - 0 3-Storey - 7 Bungaloft - 1 Bungalow - 28 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 (90 Sold) better idea of market trends. 976,284 1,034,717 998,000 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 SEP/FEB OCT/MAR NOV/APR DEC/MAY JAN/JUN FEB/JULY MAR/AUG APR/SEP MAY/OCT JUN/NOV JUL/DEC AUG/JAN

*Updated Feb7 5, 2021 Daily organic food pick-up and Phở Đông Gia Việt Fantastic coffee and desserts delivery. Thái Restaurant 732 Brown’s Line 647-478-7875 Shoppes of Alderwood Great selection of delicious 821Brown’s Line Monday 9:30am - 5:30pm Vietnamese and Thai dishes. Order Tuesday 9:30am - 5:30pm online for pickup or delivery Monday – Friday 9:00-3:00 Wednesday 9:30am - 5:30pm Sat and Sun: 10:00 – 3:00 Thursday 9:30am - 7pm 256 Brown’s Line 647-996-5744 Friday 9:30am - 5:30pm www.donggiavietthai.com Closed Saturdays + Sundays Mon – Sun: 10:30 AM – 11:30 PM

Alderwood Flashback Sir Adam Beck School waaaay back.

ALDERWOOD HPI HOUSE PRICES - Benchmark Homes Based on MLS-Home Price Index (MLS®HPI)* $1,200,000 10.41% $1,000,000 2-Storey Detached $800,000 One Year Price Change $600,000 14.96% $400,000 Bungalow One Year Price Change $200,000 12.52% $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