June 2019 Monthly Report on west alderwood house prices

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

Homes Sold Past 6 Months: 26 Average Sale Price MAY '19: $905,125 Average Days on Market MAY '19: 16 JUNE 2019 REPORT ON WEST ALDERWOOD HOUSE PRICES + Last Month’s Sold Prices + Current Listings JUNE 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 11 Homes currently for sale JUNE 3 Listings 2019 Holding back offers Price Range $669k to $2.0m Do “Home Sales” Really Matter To You? West Alderwood, June 2019 ~ When you hear in Taken in context, the number of homes sold in a the news that “realtors state that home sales are up given period reflects how supply and demand for this month” or “The real estate board reports that housing fits into the general economic outlook. sales have decreased this year”, is your first thought: who really cares about how many sales real estate Since housing is, by far, the single largest-priced agents make? Does it really matter how many houses consumer “product”, the supply and demand for it they sold? has a vital impact on the health of the economy and people’s lives. Although I wouldn’t blame you for feeling this way, some of that sentiment might have to do with the fact Of course, it’s still important to remember that that these home sale headlines are issued without statistics sometimes lie! Or at least should be taken context. in context with other figures and information. Yes, the number of home sales affects realtors. But Now we can report: this past month, the Toronto more importantly, these figures can be a pretty good Real Estate Board reports that sales in Toronto were indicator of the general mood and the local economic up 18% from last May. In West Alderwood, we saw outlook. And that can have a definite effect on you, a 166% increase (from 3 to 8); and in greater especially if you’re thinking about a move. Alderwood sales increased by 77%. GUARANTEED SALE PRICING These are home sales numbers that Alderwood To get a Free Pin-Point Analysis of your West home sellers can appreciate. 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.

JUNE 2019 REPORT ON WEST ALDERWOOD HOUSE PRICES Performance This Past Month VS Previous Month VS Last Year May VS April VS 2019 2019 Homes Sold: 8 Homes Sold: 4 Homes Sold: 3 Avg Selling Price: 905,125 Avg Selling Price: 883,378 Avg Selling Price: 834,200 Avg Days on Market: 16 Avg Days on Market: 12 Avg Days on Market: 6 West Alderwood 12 Month Avg Sale Price 1200000 1000000 800000 600000 400000 200000 0 June July Aug Sept Oct Nov Dec Jan Feb Mar Apr May Avg Sold Price

PREVIOUS SIX MONTHS MARKET ACTIVITY Dec '18 - May '19 Sold Statistics and Counts 940,000 House Type 920,000 Row/Twnhouse - 1 900,000 Detached - 21 880,000 Semi-Detached - 3 860,000 Duplex - 1 840,000 820,000 House Style 800,000 1 1/2 Storey - 3 780,000 2-Storey - 8 760,000 2 1/2 Storey - 0 740,000 3-Storey - 1 Backsplit - 0 list price original price sold price Bungalow - 12 Bungalow-Raised - 2 average median mode 2,000,000 Monthly Sold Prices - Avg, Highest & Lowest Dec 2018 thru May 2019 Because West 1,500,000 Alderwood has fewer listings, a obfetthtee1r m,0a0r0k,e0t00 reflection comes from looking at six-month trend5s0f0ro,0m00 last year to this year. 0 Dec Jan Feb March April May Avg Sold Price Low Price High Price Comparing 6-Month Range of Average Sold Prices (Dec '17 thru May '18) VS (Dec '18 thru May '19) 2017-18 2018-19 865,118 967,728 868,118 981,980 869,953 965,865 895,547 981,345 908,078 775,000 947,521 947,106 975,677 946,204 983,972 912,524 MAY-OCT JUN-NOV JUL-DEC AUG-JAN SEPT-FEB OCT-MAR NOV-APR DEC-MAY

WEST ALDERWOOD REPORT West Alderwood – CURRENTLY For Sale* *Updated June 7, 2019 West Alderwood – Sold in MAY 2019

ALDERWOOD HOUSE PRICES As of June 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 4.01% 5.06% 3.03% 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.

GREATER ALDERWOOD MAY 2019 by the numbers MARKitHOME.com Total Transactions Total New Listings Greater Alderwood Greater Alderwood Year-Over-Year Year-Over-Year May 2019: 16 May 2019: 45 May 2018: 9 May 2018: 16 Seasonally Adjusted Seasonally Adjusted May 2019: 16 May 2019: 45 April 2019: 12 April 2019: 24 Average Selling Price LOCAL EVENT: Round Table Mastermind (With Treats) For Women Greater Alderwood Entrepreneurs – Long Branch Year-Over-Year May 2019: $989,125 Join Natalie Colalillo, a founder and May 2018: $994,778 CEO of Happy Healthy Women, as she takes a small group through Seasonally Adjusted learning, growth and action steps! May 2019: $989,125 April 2019: $932,418 Location: Thrive Organic Kitchen & Café 3473 Lake Shore Boulevard West $20 Fee Info: happyhealthywomen.ca West Alderwood House Prices Report Courtesy of Mark Gaudet Sales Representative Right At Home Realty Inc Brokerage 416-551-6847 [email protected]