November 2021 Report Minto Townhouse prices

NOVEMBER 2021 MintoLongbranchPrices.ca

REPORT ON MINTO NOVEMBER 2021 a LONGBRANCH PRICES a CURRENT (NOVEMBER 2021) Average Asking Price: $719,000 Homes For Sale Now: 3 (see page 5) OCTOBER 2021 (latest complete month) Homes Sold: 8 Average Sold Price: $814,125 LAST 6 MONTHS (MAY thru OCT) Homes Sold: 40 Average Sold Price: $846,580 INSIDE The Monthly Report gives you an in-depth look into the housing market in the Minto Longbranch + Last Month’s Sold Prices area and is an easy way to see what your house + Current Listings NOVEMBER 2021 may be worth. Do you have any questions or + Past Six-Month Trends suggestions? Please feel comfortable getting in touch. Minto Townhouse Prices Report Courtesy of Mark Gaudet Realtor Right At Home Realty Inc Broker 416-551-6847 [email protected]

3 Homes Currently for sale Median Asking Price: $749,000 Price Range $449,900 to $959,000 More of the Same, But for How Long? Minto Long Branch, Nov 2021 ~ The housing market and three bathrooms was listed for $1.080m and sold remains tight here just as it does throughout the rest for $1.038m after 11 days on the market. of the GTA. The short-range view is that this will continue, but for how long? Interestingly, this home was first on the market (as a resale) in March of 2020 just as we started to hear that While housing inventories remain low and demand is strange new word “Covid”. The listing was suspended still high, other factors looming in the shadows – for a month and then came back on the market for inflation and interest rates – could influence the $949,000, and sold after 16 days for $925,000. market in 2022. Gradual changes are likely coming. This was an early indication that a pandemic was not Eight homes sold at Minto Towns in October, with an about to stop the real estate market. Last month, with average sale price of $814,125 down 11.8% from Covid still here but waning, the same townhouse was September, but up 15.6% from Oct 2020. Larger listed by the new owner and sold for $75,000 more. townhouses sold for an average of 659 per square foot, while the smaller units came in at 828 psf. Although that’s an amazing price appreciation, it is generally not recommended to sell your house in less On the low-end, a one-bedroom lower unit without than a year. But if you really must, now might be the parking sold for $450,000. This tenanted investment right time! property was listed at $449,000. The seller decided not to “hold back offers” (to entice competing offers), I have a new one-bedroom plus den condo however the home sold in just 7 days. for sale, perfect for a couple, do you know someone who might be interested? On the other end of the scale, a spacious, 1545 square Please get in touch. foot home at 125 Long Branch with three bedrooms ~ Mark Gaudet, Realtor 416-551-6847

OCT Latest SEPT Seasonally OCT Year- 2021 complete 2021 adjusted 2020 to-Date month New Added Listings: 8 New Added Listings: 13 New Added Listings: 15 Homes Sold: 8 Homes Sold: 7 Homes Sold: 4 Avg Sold Price: Avg Sold Price: Avg Sold Price: $814,125 $910,600 $703,875 Median Sold Price: Median Sold Price: Median Sold Price: $846,250 $922,000 $710,250 Avg Days on Market: 12 Avg Days on Market: 12 Avg Days on Market: 9 Terminated or Expired: 0 Terminated or Expired: 0 Terminated or Expired: 7 Minto Longbanch 12 Month Avg Sale Price 1,000,000 900,000 800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000 0 Nov Dec Jan Feb Mar Apr May June July Aug Sept Oct Avg Sold Price

Past 6 Months (40 Homes Sold) Past 6 Months Statistics with House Type & Style $850,000 $834,972 $846,580 BEDROOMS $845,000 Sold Price $840,000 $832,847 1 Bedroom - 3 $835,000 1+ Bedroom - 1 2 Bedroom - 27 $830,000 2+ Bedroom - 2 $825,000 3 Bedroom - 5 3+ Bedroom - 2 List Price Original Price 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 (37 Sold) Current Six Months (40 Sold) better idea of market trends. 715,518 772,916 715,904 773,619 730,822 759,593 742,503 772,204 759,087 789,778 773,244 822,219 774,259 822,680 796,603 829,431 803,553 845,459 789,140 858,628 775,543 856,050 764,846 846,580 JUN/NOV JUL/DEC AUG/JAN SEP/FEB OCT/MAR NOV/APR DEC/MAY JAN/JUN FEB/JULY MAR/AUG APR/SEP MAY/OCT

*Updated November 1, 2021

*As of October 31, 2021 920,000 18 900,000 898,266 16 880,000 869,862 14 12 860,000 846,250 10 840,000 810,000 8 820,000 800,000 814,125 Average 6 Median Price 798,737 4 846,250 780,000 810,000 2 760,000 0 Percent Sold 740,000 Days on Over Market Minto Longbranch Asking Toronto Average List Average Sold Minto 12 Price Price Longbranch 16 3.13 798,737 814,125 Toronto 6.8 869,862 898,266 Minto Longbranch Toronto Minto Longbranch Toronto

Whenever you’re ready, here are 4 ways I can help… 1. GET PIN-POINT PRICING SCAN ME My favourite thing to do is show homeowners how much their house is really worth by using Pin-Point Pricing. Just call 1-(855)-781-8881 Ext 32 for a 24-Hr Recorded Message 2. TRY A ROOM-BY-ROOM REVIEW SCAN ME I’ll give you the scoop on what fixes, inside and outside, get you the biggest return for the lowest cost. Just call 1-(855)-781-8881 Ext 36 for a 24-Hr Recorded Message 3. DISCOVER WHERE YOU COULD MOVE: PLACES & PRICES I love showing people the realistic options they don’t realize they SCAN ME have. You might be surprised at how bright the future looks. Just call 1-(855)-781-8881 Ext 42 for a 24-Hr Recorded Message 4. GET ON THE SILENT MARKET LIST If you’re curious about how your home can benefit from being a part of the Silent Market list, Just call 1-(855)-781-8881 Ext 46 for a 24-Hr Recorded Message SCAN ME Yes, I am a realtor, but not a typical salesperson. Feel comfortable calling me at 416-551-6847 or email [email protected] MARKitHOME.com Mark Gaudet Realtor EFFORTLESS MOVES Right At Home Realty Inc Broker 416-551-6847 [email protected]