NOV 2020 Report on Alderwood House Prices

november 2020 rePORT On ALDERWOOD HOUSE PRICES AlderwoodHousePrices.ca

REPORT ON ALDERWOOD NOV. 2020 a HOUSE PRICES November 2020 Average Asking Price: $1,332,352 Homes For Sale Now: 31 (see page 5) October 2020 (latest complete month) Homes Sold: 18 Average Sold Price: $1,273,778 Past Six Months (May thru Oct) Homes Sold: 107 Average Sold Price: $1,211,315 INSIDE The Monthly Report gives you an in-depth look + Last Month’s Sold Prices into the housing market in Alderwood and is an + Current Listings NOVEMBER 2020 easy way to see what your house may be worth. + Past Six-Month Trends Do you have any questions or suggestions? + Home Price Index™ and More Please feel comfortable getting in touch. Alderwood House Prices Report Courtesy of Mark Gaudet Sales Representative Right At Home Realty Inc Brokerage 416-551-6847 [email protected]

31 Homes Currently for sale Median Asking Price: 1.27m Price Range $800 to $1.99m Falling Leaves and Chilly Weather Alderwood, November 2020 ~ Amid the upheaval and Numbers like these clearly indicate that the market is strong. changes in this new world, leaves still fall from trees, But it does elicit pointed questions from economists in temperatures predictably dip in November and the Canada and around the world about “how long will it last?”. real estate market keeps marching right along. Isn’t it Although they’ve been saying the same thing for the last 8 nice to know there is some consistency in our lives? years, maybe at some point they will be right. The consistent demand for housing has of course The truth is, in the shorter term, it remains to be seen if the ramped up in the past few years, along with prices. And continuing business closures and other disruptions will have after a brief three or four months pause in the early a major impact on the real estate market. Homeowners who days of the pandemic, demand – and pricing – in find themselves in unfortunate circumstance may need to Alderwood has gone back to “normal”. sell. More inventory would put pressure on house prices. A confident market saw 30 new listings this month, On the other hand, with borrowing costs at below 2% and an which is in-line with the past few months where the influx of immigration set at 400,000 over the next couple of range has been between 32 to 35. years, the market may continue to march right along. Alderwood saw 18 sales in October, compared to 14 Meanwhile, may the autumn leaves not clog your sales in September, 25 in August and 24 in July. That’s eavestroughs! about average for the Fall, and the same amount as October 2019 when inventory was a little tighter. I’m looking for a duplex or triplex in South Etobicoke for an investor-client. Please get in For greater Toronto, both sales and new listing activity touch if you know of someone who might be were even more pronounced, with a 25% increase in interested in selling. the number of home sales compared to last October. And 36% increase in the number of homes listed. ~ Mark Gaudet 416-551-6847

OCT Latest SEPT Seasonally OCT Year- 2020 complete 2020 adjusted 2019 to-Date month New Listings: 30 New Listings: 33 New Listings: 29 Homes Sold: 18 Homes Sold: 14 Homes Sold: 18 Avg Sold Price: Avg Sold Price: Avg Sold Price: $1,273,778 $1,108,893 $897,772 Median Price: Median Price: Median Price: $1,327,500 $1,1,000,000 $891,000 Avg Days on Market: 14 Avg Days on Market: 8 Avg Days on Market: 23 Terminated or Expired: 5 Terminated or Expired: 3 Terminated or Expired: 10 Alderwood 12 Month Avg Sale Price 1600000 1400000 1200000 1000000 800000 600000 400000 200000 0 Nov Dec Jan Feb Mar Apr May June July Aug Sept Oct Avg Sold Price

Past 6 Months (107 Homes Sold) Past 6 Months Statistics with House Type & Style 1,400,000 1,196,231 1,186,961 1,211,315 HOUSE TYPE 1,200,000 1,100,0001,100,000 1,064,0001,100,000 1,160,000 Row/Twnhouse - 2 975,000 Detached - 84 1,000,000 Semi-Detached - 16 Duplex/Multi - 5 800,000 HOUSE STYLE 600,000 400,000 1 1/2 Storey - 11 200,000 2-Storey - 50 0 2 1/2 Storey - 1 3-Storey - 6 List Price Original Price Sold Price Bungaloft - 1 Bungalow - 32 Raised Bungalow - 3 Backsplit- 2 Other - 1 average median mode Here we compare two set of COMPARING 6-MONTH RANGE 6-month sales averages OF AVERAGE SOLD PRICES from one year to the next. Since we have low Prev Yr Six Months Current Six Months inventory, this 6-month view gives you a better idea of market trends. 981,980 1,009,514 869,953 1,003,030 981,345 1,008,000 976,284 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 JUN/NOV JUL/DEC AUG/JAN SEP/FEB OCT/MAR NOV/APR DEC/MAY JAN/JUN FEB/JULY MAR/AUG APR/SEP MAY/OCT

*Updated Nov 4, 2020



ALDERWOOD HPI HOUSE PRICES - Benchmark Homes Based on MLS-Home Price Index (MLS®HPI)* 1200000 1000000 10.11% 800000 2-Storey Detached One Year Price Change 600000 15.93% 400000 Bungalow 200000 One Year Price Change 0 Bungalow 12.64% 2 Storey Composite Detached One Year Price Change Composite 1 yr Ago Incl 1- ½ storey Benchmark 1 Month Ago 3 Months Ago 6 Months Ago *The MLS HPI® Price Index is a new method of measuring real estate prices within a specific neighbourhood. It ignores average sold prices, which can distort values. This system uses a statistical model that considers both the quantitative and qualitative features of typical homes to set a “Benchmark” price. The HPI is like the Consumer Price Index (CPI), which measures the value of a “basket” of common goods and services. Similarly, the 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, ROOM-BY-ROOM REVIEW here are two ways we can help you… People often ask about the best way to get the highest price for their property. It’s a great question, because there really is a way to increase the value of your house – and it doesn’t need to cost a lot, or anything at all! PIN-POINT PRICING It comes down to thinking about your house in the eyes of a buyer. You live in your home now, but when it comes Lots of people wonder, “What’s My House Worth?” time to sell, it’s a house. Think of it now as a commodity, competing on the open market with other commodities. You already know that there’s more to pricing homes than statistics, graphs and charts. You don’t need a major renovation – you just want to make your house the “best in class”. Our goal is to make It also takes the experience of working every day in your house the one that buyers remember as the best of the neighbourhood with buyers & sellers to its kind. understand what’s really happening behind the scenes with home values. The way to do this is to start with a “Room-By-Room Review”. This is our proven method of getting the best out That’s how we can give home sellers our pin-point of the interior and exterior of the house. It doesn’t mean a pricing report. It’s free & there’s no obligation. lot of work or a big investment. In fact, my team and I can take care of the whole thing for you! Whenever you’re ready, check out our Pin-point Pricing Report by calling our 24-Hr Free To get your Room-By-Room review, just call 1-855- recorded message at 1-(855)-781-8881 Ext 32 Or 781-8881 Ext 18 for a 24-Hr Free Recorded Message just go to markithome.com/pinpoint or go to markithome.com/roomreview