Jan 2022 ALDERWOOD Report

january 2022 rePORT On ALDERWOOD HOUSE PRICES AlderwoodHousePrices.ca

REPORT ON ALDERWOOD HOUSE PRICES JANUARY 2022 CURRENT JANUARY 2022 MONTH Average Asking Price: $2,659,540 Homes For Sale Now: 5 (see page 5) LAST DECEMBER 2021 (latest complete month) MONTH Homes Sold: 5 Average Sold Price: $1,606,304 LAST SIX JULY thru DECEMBER MONTHS Homes Sold: 60 Average Sold Price: $1,405,384 Inside The Monthly Report gives you an in-depth look into the housing market in Alderwood and is an + DECEMBER 2021 Sold Prices easy way to see what your house may be worth. + Current Listings JANUARY 2022 + Past Six-Month Trends Alderwood House Prices Report Courtesy of Mark Gaudet Realtor Right At Home Realty Inc., Broker 416-551-6847 [email protected]

5 Homes Currently for sale Median Asking Price: 2.15m Price Range $1.4m to $5.99m* *Commercial property Review and Resume Alderwood, January 2022~ The last month of the year $1,185,888; in 2021 it rose to $1,344,207 a 12.51% is typically slow, and this past December was no increase. While still impressive, it’s not as faint worthy. exception. There were 5 new listings and 5 sales in the month, a drop from November where we had 14 new The highest sale price in 2020 was $2 million; in 2021 it listings with 11 sales. was $2.5 million. The median price rose from $1,112,500 to 1,272,500. December 2021 compares closely with the end of 2020, where December shows six new listings and six There were 269 new listings in 2020 compared to 238 sales. The real difference for the end of both years is in in 2021. However, after subtracting the number of average sale price. terminations in each period, the difference is 15. Here, I’ll add my usual caveat regarding average sale Other market statistics showed little difference prices: use with caution as they offer a simplistic view between 2020 and 2021. We had roughly the same of the market. However, in this case the numbers this number of sales, 164 and 167, respectively. And roughly past December and throughout 2021 are certainly the same Days on Market for both years. telling (if not yelling). Predictions for this year? The crystal ball is a little Ready? The average sale price in December 2020 was cloudy with Omicron, but a solid bet is “more of the a reasonable $1,169,469. In December 2021, it was same”. Selling is a very tempting option. $1,606,304. That’s a difference of 34%. In a year. I have a lovely new one bedroom + den condo That may be enough to make someone faint. But coming up next week, if you know of someone, looking at the annual numbers, the difference is not as please feel comfortable getting in touch with me. glaring. In 2020, the average annual sale price was ~ Mark Gaudet, Realtor, BA, AEA

DEC Latest NOV Seasonally DEC Year- 2021 complete 2021 adjusted 2020 to-Date month New Added Listings: 5 New Added Listings: 14 New Added Listings: 6 Homes Sold: 5 Homes Sold: 11 Homes Sold: 6 Avg Sold Price: Avg Sold Price: Avg Sold Price: $1,606,304 $1,421,729 $1,169,469 Median Sold Price: Median Sold Price: Median Sold Price: $1,652,700 $1,462,500 $1,192,500 Avg Days on Market: 29 Avg Days on Market: 13 Avg Days on Market: 24 Terminated or Expired: 0 Terminated or Expired: 2 Terminated or Expired: 1 Alderwood 12 Month Avg Sale Price 1800000 1600000 1400000 1200000 1000000 800000 600000 400000 200000 0 Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Avg Sold Price

Past 6 Months (80 Homes Sold) Past 6 Months Statistics with House Type & Style $1,410,000 $1,405,384 HOUSE TYPE $1,400,000 $1,390,000 $1,346,206 Row/Twnhouse - 1 $1,380,000 Detached - 43 $1,370,000 $1,342,389 $1,360,000 Semi-Detached - 12 $1,350,000 Duplex/Multi - 4 $1,340,000 HOUSE STYLE $1,330,000 $1,320,000 1 1/2 Storey - 6 $1,310,000 2-Storey - 27 List Price 2 1/2 Storey - 0 3-Storey - 3 Original Price Sold Price Bungaloft - 0 Bungalow - 20 Raised Bungalow - 3 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 (107 Sold) Current Six Months (60 Sold) better idea of market trends. 1,068,874 1,206,508 1,074,990 1,223,292 1,072,553 1,299,993 1,131,304 1,296,103 1,112,616 1,327,083 1,134,356 1,302,522 1,169,756 1,313,215 1,185,423 1,323,650 1,183,020 1,287,192 1,211,315 1,306,782 1,209,298 1,324,979 1,213,485 1,405,384 AUG/JAN SEP/FEB OCT/MAR NOV/APR DEC/MAY JAN/JUN FEB/JULY MAR/AUG APR/SEP MAY/OCT JUN/NOV JUL/DEC

*Updated January 1, 2022

As of December 31, 2021 1,700,000 1,652,700 35 1,650,000 1,615,949 1,606,3401,594,350 1,380,000 30 1,600,000 1,545,880 1,550,000 Average Sold Average Median 25 Price Price 1,500,000 20 1,606,340 1,652,700 1,450,000 1,594,350 1,380,000 15 1,400,000 10 1,350,000 5 1,300,000 1,250,000 0 Percen t Sold 1,200,000 Days Over Average List Price on Asking Market 4.6 Alderwood 1,545,880 Alderwood 29 11.9 Toronto 1,615,949 Toronto 17 Alderwood Toronto Alderwood Toronto

Whenever you’re ready, here are 4 ways I can help… 1. GET PIN-POINT PRICING SCAN ME Take the guess work out of it! If you want to know how much your house is really worth, try no-obligation Pin-Point Pricing. Please call 1-(855)-781-8881 Ext 32 for a recorded message or visit markithome.com/page/get-pin-point-pricing or scan… 2. TRY A ROOM-BY-ROOM REVIEW SCAN ME I’ll give you the scoop on what fixes get you the biggest return for the lowest cost. And who can fix it for you! Please call 1-(855)-781-8881 Ext 36 for a recorded message or visit markithome.com/page/try-a-room-by-room-review or scan… 3. DISCOVER WHERE YOU COULD MOVE SCAN ME Ever heard the phrase, you don’t know what you don’t know? What if you knew about great places to live with affordable prices? Please call 1-(855)-781-8881 Ext 42 for a recorded message, visit markithome.com/page/discover-where-you-could-move or scan… 4. GET ON THE SILENT MARKET LIST SCAN ME How about selling without listing? If you’re curious about how your home can benefit from being on my Silent Market list, Please call 1-(855)-781-8881 Ext 46 for a Recorded Message or visit markithome.com/page/enjoy-the-benefits-of-the-silent-market A realtor, but not a typical salesperson. Mark Gaudet Realtor Feel comfortable calling me at 416-551-6847 Right At Home Realty Inc Broker or email [email protected] 416-551-6847 [email protected] MARKitHOME.com EFFORTLESS MOVES