September 2019 West Alderwood Report

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

Past 6 Months (Mar-Aug) Homes Sold: 33 Avg. Sold Price: 962,273 AUGUST 2019 Avg. Sale Price: $918,750 Median Sale Price: $918,750 AUGUST 2019 Average Days on Market: 14 SEPTEMBER 2019 REPORT ON WEST ALDERWOOD HOUSE PRICES + Last Month’s Sold Prices + Current Listings SEPTEMBER 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 9 Homes Currently for sale Average days on market 16 Price Range $900k to $1.9m The Insects of West Alderwood West Alderwood, Sept 2019 ~ Maybe it was the the entire GTA, it was still quiet in August, with home great weather we had last month. Maybe more sales up just 0.8% from July, and listings down 3%. people were away on vacation. Or they were just relaxing in the sun during their “staycation”. Summer insects notwithstanding, the fall market Whatever the reason, it was very quiet in the world of activity in Alderwood is already picking up, with 9 new real estate. You could hear crickets. listings as of press time. That translates to less market activity: there were only One of these new listings – a semi-detached house – 4 new listings and 2 homes sold in August. Compare sold in just three days because the price point was that to July where there were 12 new listings and 7 attractive. In fact, semis in Alderwood and elsewhere sales. have surged in popularity – and price – due to their relative affordability. Semis are in! Real estate crickets – kind of like the ones you hear chirping away on a warm summer evening in our But that quick sale is in sharp contrast to a house on lovely neighbourhood. Gort which was also listed this month – for the fourth time! With an asking price around $2-million dollars, Although the crickets weren’t so pronounced across it’s been for sale since Oct 2018. Crickets. GUARANTEED SALE PRICING Staying informed about the realities (and bugs) of the To get a Free Pin-Point Analysis of your West local housing market is important to homeowners, Alderwood House including a Room-By-Room and that’s the aim of your West Alderwood Report. Review, just call 1-855-781-8881, Ext. 32 ~ Mark Gaudet for a 24-hour free recorded message.

SEPTEMBER 2019 REPORT ON WEST ALDERWOOD HOUSE PRICES Performance This Past Month VS Previous Month VS Last Year Aug July 2019 VS 2019 VS New listings: 4 New Listings: 12 New Listings: 6 Homes Sold: 2 Homes Sold: 7 Homes Sold: 4 Avg Sold Price: 918,750 Avg Sold Price: 985,714 Avg Sold Price: 917,400 Median Sold Price: 918,750 Median Sold Price: 985,000 Median Sold Price: 877,300 Avg Days on Market: 14 Avg Days on Market: 18 Avg Days on Market: 10 West Alderwood 12 Month Avg Sale Price 1200000 1000000 800000 600000 400000 200000 0 Sept Oct Nov Dec Jan Feb Mar Apr May June July Aug Avg Sold Price

PREVIOUS SIX MONTHS MARKET ACTIVITY Mar '19 - Aug '19 Sold Statistics and Counts 1,200,000 House Type 1,000,000 Row/Twnhouse - 0 Detached - 28 800,000 Semi-Detached - 4 600,000 Duplex - 1 400,000 200,000 House Style 1 1/2 Storey - 5 0 2-Storey - 12 2 1/2 Storey - 0 list price original price sold price 3-Storey - 0 Backsplit - 0 Bungalow - 13 Bungalow-Raised - 3 average median mode 2000000 Monthly Sold Prices - Avg, Highest & Lowest Mar 2019 thru Aug 2019 1500000 1000000 500000 Because West fewer0 March April May June July Aug 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 Latest is Mar-Aug 2018 vs 2019 2018 2019 869,953 965,865 895,547 981,345 908,078 775,000 947,521 947,106 975,677 946,204 983,972 912,524 972,866 945,649 959,971 954,954 961,285 962,273 JUL-DEC AUG-JAN SEPT-FEB OCT-MAR NOV-APR DEC-MAY JAN-JUNE FEB-JULYMAR - AUG

WEST ALDERWOOD REPORT West Alderwood – CURRENTLY For Sale* *Updated Sept11, 2019 West Alderwood – Sold in August 2019

ALDERWOOD HOUSE PRICES as of SEPTEMBER 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 5.57% 5.54% 5.61% 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 AUGUST 2019 Total Transactions Total New Listings Greater Alderwood Greater Alderwood Year-Over-Year Year-Over-Year Aug 2019: 7 Aug 2019: 10 Aug 2018: 10 Aug 2018: 13 Seasonally Adjusted Seasonally Adjusted Aug 2019: 7 Aug 2019: 10 July 2019: 10 July 2019: 21 Average Selling Price Shop Local Businesses! Greater Alderwood BARBER TOUCH 618 Brown's Line Year-Over-Year Aug 2019: $1,066,000 $5.00 Off Your Next Haircut Aug 2018: $988,180 For a truly professional haircut, contemporary style or old- Seasonally Adjusted school, visit George at Barber Touch. As he says, “You Aug 2019: $1,066,000 already look good, we make you look better” July 2019: $993,800 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]