MAY 2021 Report Alderwood house prices FINAL

may 2021 rePORT On ALDERWOOD HOUSE PRICES AlderwoodHousePrices.ca

REPORT ON ALDERWOOD MAY 2021 a HOUSE PRICES CURRENT (MAY 2021) Average Asking Price: $1,438,933 Homes For Sale Now: 25 (see page 5) a APRIL 2021 (latest complete month) Homes Sold: 11 Average Sold Price: $1,239,347 LAST 6 MONTHS NOV thru APR) Homes Sold: 86 Average Sold Price: $1,296,103 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 MAY 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]

25 Homes Currently for sale Median Asking Price: 1.46m Price Range $799 to $2.2m When Will the Pasta Be Ready? Alderwood, May 2021 ~ A pot of boiling spaghetti. For in Alderwood was 26% lower than it is today, home some reason, this is the first thing that comes to mind values are still on very solid ground, to say the least. when reflecting on our latest real estate market. There are several reasons for the decrease from March Maybe I’m just hungry. But just as the bubbles in a pot to April, but the most impactful was that many buyers of boiling water diminish when you add the pasta, the got tired of the competition and, frightened by the steaming hot housing market of March simmered headlines, simply pulled back from the “craziness”. down noticeably in the last weeks of April. Certainly, the statistics demonstrate a cooling off, but As you’ll see in the chart on the next page, although it’s important to remember that numbers are a the number of new listings were the same in both simplistic interpretation of a marketplace that is March and April (26), less than half as many homes interwoven with emotion, complexity and uncertainty. were sold in April (11) compared to March (23). This may explain why an Alderwood house purchased More telling, average sold prices (which, despite their in March for $2.5 million is still loved by the family that dubiousness, have their use) also showed a decline bought it, even though it is, on paper, worth $200k over the same two months: March average sold price less today. After all, home is where the heart is. And, was $1,45,897 whereas April’s fell to $1,239,347. where you’ll usually find the best spaghetti! Median prices too were down markedly by 19%. Those are significant dips from one month to the next, I have a buyer looking for a fixer-upper in South and, out of context, perhaps cause for concern. But if Etobicoke. Do you know anyone who might we consider that one year ago, the average sold price be interested? Please get in touch. ~ Mark Gaudet 416-551-6847

APR Latest MAR Seasonally APR Year- 2021 complete 2021 adjusted 2020 to-Date month New Added Listings: 26 New Added Listings: 26 New Added Listings: 20 Homes Sold: 11 Homes Sold: 23 Homes Sold: 7 Avg Sold Price: Avg Sold Price: Avg Sold Price: $1,239,347 $1,450,897 $983,891 Median Sold Price: Median Sold Price: Median Sold Price: $1,150,000 $1,370,000 $924,000 Avg Days on Market: 9 Avg Days on Market: 17 Avg Days on Market: 7 Terminated or Expired: 1 Terminated or Expired: 2 Terminated or Expired: 5 Alderwood 12 Month Avg Sale Price 1600000 1400000 1200000 1000000 800000 600000 400000 200000 0 May June July Aug Sept Oct Nov Dec Jan Feb Mar Apr Avg Sold Price

Past 6 Months (86 Homes Sold) Past 6 Months Statistics with House Type & Style $1,300,000 $1,248,669 $1,249,926 $1,296,103 HOUSE TYPE $1,290,000 Sold Price $1,280,000 Row/Twnhouse - 1 $1,270,000 Detached - 72 $1,260,000 $1,250,000 Semi-Detached - 12 Duplex/Multi - 1 $1,240,000 $1,230,000 HOUSE STYLE $1,220,000 1 1/2 Storey - 7 List Price 2-Storey - 41 Original Price 2 1/2 Storey - 1 3-Storey - 4 Bungaloft - 0 Bungalow - 32 Raised Bungalow - 0 Backsplit - 1 Other - 0 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 (43 Sold) Current Six Months (86 Sold) better idea of market trends. 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 1,072,553 1,299,993 1,131,304 1,296,103 DEC/MAY JAN/JUN FEB/JULY MAR/AUG APR/SEP MAY/OCT JUN/NOV JUL/DEC AUG/JAN SEP/FEB OCT/MAR NOV/APR

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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. Tuesday 9:30am - 5:30pm Monday – Friday 9:00-3:00 Wednesday 9:30am - 5:30pm 256 Brown’s Line 647-996-5744 Sat and Sun: 10:00 – 3:00 Thursday 9:30am - 7pm www.donggiavietthai.com Friday 9:30am - 5:30pm Mon – Sun: 10:30 AM – 11:30 PM Closed Saturdays + Sundays

ALDERWOOD HPI HOUSE PRICES - Benchmark Homes Based on MLS-Home Price Index (MLS®HPI)* $1,400,000 $1,200,000 17.87 % $1,000,000 2-Storey Detached $800,000 One Year Price Change $600,000 22.22 % $400,000 $200,000 Bungalow One Year Price Change $0 Bungalow Composite 18.80% 2 Storey Composite Detached One Year Price Change Benchmark 1 Month Ago (Incl. 1 ½ storey) 1 yr Ago 3 Months Ago 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. Whenever you’re ready, here are two ways I can help… 1. GET PIN-POINT PRICING 2. TRY A ROOM-BY-ROOM REVIEW It’s natural to be curious about what your house may Every home seller wants to get the highest price for be worth in today’s new world. their property. And actually, there is a simple way to increase the value of your house – and it doesn’t need You may also be curious if there’s a “secret sauce” to 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, In fact, the key to understanding what’s really competing 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 Add a healthy amount of passion for all of this – and have your house the one that buyers remember as the that’s our secret sauce! best of its kind. We use it to produce your personal Pin-Point Pricing We begin with a “Room-By-Room Review”. This is our Report. It’s free & there’s no obligation. proven method of getting the most out of your house without spending a ton of money. If you’re curious about the FREE Pin-Point Pricing Report please call our 24-Hr recorded To get your FREE Room-By-Room Review, just message at 1-(855)-781-8881 Ext 32 call 1-855-781-8881 Ext 18 for a 24-Hr Recorded Or visit www.pinpointpricing.ca for more info Message or visit www.etobicokehomeservices.ca