August 2019 Monthly Report

AUGUST 2019 REPORT On west ALDERWOOD HOUSE PRICES With Up-to-date statistics & Analysis

Past 6 Months (Feb-July) Homes Sold: 32 Avg. Sold Price: 951,954 JULY 2019 Avg. Sale Price: $985,714 Median Sale Price: $985,000 JULY 2019 Average Days on Market: 18 AUGUST 2019 REPORT ON WEST ALDERWOOD HOUSE PRICES + Last Month’s Sold Prices + Current Listings AUGUST 2019 + Past Six-Month Trends, Home Price Index, and More This Report gives you an in-depth look into the housing market in West Alderwood, with charts and analysis, plus up-to-the minute statistics based on all the homes currently for sale and sold in West Alderwood over the last six months. Enjoy! West Alderwood House Prices Report Courtesy of Mark Gaudet Sales Representative Right At Home Realty Inc Brokerage 416-551-6847 [email protected]

WEST ALDERWOOD HOUSE PRICES REPORT 7 Homes currently for sale 29= Average days on market Price Range $1.50m to $2.60m Observation and Absorption West Alderwood, August 2019 ~ Although the resulting in less choice for, and more competition summer months have traditionally been a slower among, buyers. period for real estate, this past July saw an increase in the number of new listings here compared to June But it’s less commonly known how a seller’s and July 2018. Prices remain stable despite some market is measured. One market metric used is fluctuations from month to month. the Market Absorption Rate, also known as the sales-to-active-listings ratio. It tells us the rate at It should come as no surprise to you that Alderwood, which properties are selling. like much of Toronto, is in a seller’s market. Even as the media regularly reports about how unaffordable Expressed as a percentage, it's calculated by taking it is to buy a home in the city, there’s a reason that the total number of sales at the end of a given prices remain stable: there’s a demand for housing period (usually the past 30 days) and dividing it by and – surprise – people keep buying it. the total number of active listings at the end of the same period. A \"seller's market\" is a term that’s regularly used when we’re talking about Toronto. You probably Using greater Alderwood’s numbers for example, know that it describes a market where buyer we had 10 sales & 21 listings in July which, when demand outstrips the number of properties for sale, divided equals, 0.48 or 48%. While there are which various ways to benchmark the ratios, a seller’s market is usually anything over 20-22%. At 48%, GUARANTEED SALE PRICING we can safely call Alderwood a seller’s market! To get a Free Pin-Point Analysis of your West Alderwood House including a Room-By-Room ~ Mark Gaudet Review, just call 1-855-781-8881, Ext. 32 for a 24-hour free recorded message.

AUGUST 2019 REPORT ON WEST ALDERWOOD HOUSE PRICES Performance This Past Month VS Previous Month VS Last Year July June 2019 VS 2019 VS New listings: 12 New Listings: 7 New Listings: 6 Homes Sold: 7 Homes Sold: 6 Homes Sold: 3 Avg Sold Price: 985,714 Avg Sold Price: 1,030,000 Avg Sold Price: 808,333 Median Sold Price: 985,000 Median Sold Price: 939,500 Median Sold Price: 800,000 Avg Days on Market: 18 Avg Days on Market: 14 Avg Days on Market: 21 West Alderwood 12 Month Avg Sale Price 1200000 1000000 800000 600000 400000 200000 0 Aug Sept Oct Nov Dec Jan Feb Mar Apr May June July Avg Sold Price

PREVIOUS SIX MONTHS MARKET ACTIVITY Feb '19 - July '19 Sold Statistics and Counts 1,000,000 House Type 950,000 Row/Twnhouse - 1 900,000 Detached - 25 850,000 Semi-Detached - 5 800,000 Duplex - 1 750,000 700,000 House Style 1 1/2 Storey - 5 list price original price sold price 2-Storey - 12 2 1/2 Storey - 0 3-Storey - 1 Backsplit - 0 Bungalow - 11 Bungalow-Raised - 3 average median mode 2000000 Monthly Sold Prices - Avg, Highest & Lowest Feb 2019 thru July 2019 1500000 1000000 500000 Because West fewer0 Feb March April May June July Alderwood has listings, a better Avg Sold Price Low Price High Price reflection of the market comes from looking at six-month trends from last year to this year. Comparing 6-Month Range of Average Sold Prices (Feb '18 thru July '18) VS (Feb '19 thru July '19) 2018 2019 868,118 981,980 869,953 965,865 895,547 981,345 908,078 775,000 947,521 947,106 975,677 946,204 983,972 912,524 972,866 945,649 959,971 954,954 JUN-NOV JUL-DEC AUG-JAN SEPT-FEB OCT-MAR NOV-APR DEC-MAY JAN-JUNE FEB-JULY

WEST ALDERWOOD REPORT West Alderwood – CURRENTLY For Sale* *Updated Aug 6, 2019 West Alderwood – Sold in JULY 2019

ALDERWOOD HOUSE PRICES As of Aug 1, 2019 Based on MLS-House Price Index (MLS®HPI) 1,000,000 900,000 800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000 This is the current 0 estimated price Composite 2 Storey Det for the house type Bungalow Benchmark 1 Month Ago 3 Months Ago 6 Months Ago 1 yr Ago 3 yrs Ago 2.24% 0.80% 4.08% Composite 2-Storey Detached Bungalow One Year Price Appreciation One Year Price Appreciation One Year Price Appreciation A NEW WAY TO FIND HOW MUCH Much Better Than YOUR HOUSE IS WORTH “Average” The chart above is based on the MLS®HPI, a new, alternative way to measure real estate prices within a specific neighbourhood. It’s First, we analyze results from the as close as you can get to having an experienced Realtor assess MLS®-HPI, and apply it to a very your home’s true value. Most importantly it helps you approach detailed Comparative Market important buying and selling decisions with more confidence. Analysis (CMA). Then we add our daily knowledge and understanding Developed by some genius nerds at a Canadian University, the of the nuances of the local market to MLS®HPI is calculated using a sophisticated statistical model that arrive at Pin-Point Pricing for West considers both a home’s quantitative (e.g. the number of bedrooms Alderwood homes. To see if Pin- it has) features and qualitative features (e.g. whether it has a point Pricing is the right thing for you, finished basement, superior view, renovated bathroom, etc). please listen to our 24-hr Free recorded message at 1-(855)-781- For example, whereas the standard MLS® shows you the price of 8881 Ext 32 a 3-bedroom house in West Alderwood, the MLS®HPI shows the benchmark 3-bedroom house that includes features of homes that homebuyers in our neighbourhood value.

JULY 2019 Total Transactions Total New Listings Greater Alderwood Greater Alderwood Year-Over-Year Year-Over-Year July 2019: 10 July 2019: 21 July 2018: 11 July 2018: 23 Seasonally Adjusted Seasonally Adjusted July 2019: 10 July 2019: 21 June 2019: 8 June 2019: 28 Average Selling Price Shop Local Businesses! Greater Alderwood BARBER TOUCH 618 Brown's Line Year-Over-Year July 2019: $993,800 $5.00 Off Your Next Haircut July 2018: $948,273 For a truly professional haircut, contemporary style or old- Seasonally Adjusted school, visit George at Barber Touch. As he says, “You July 2019: $993,800 already look good, we make you look better” June 2019: $1,016,054 BRING THIS COUPON TO RECEIVE $5 OFF! (one-time use, limit one coupon per customer) West Alderwood House Prices Report Courtesy of Mark Gaudet Sales Representative Right At Home Realty Inc Brokerage 416-551-6847 [email protected]