Full March 2020 Report - West AD House Prices

MARCH 2020 REPORT On west ALDERWOOD HOUSE PRICES With Up-to-date statistics & Analysis

MARCH 2020 REPORT ON WEST ALDERWOOD HOUSE PRICES PAST 6 MONTHS Homes Sold: 30 Avg. Sold Price: 1,034,717 FEB 2020 Avg. Sale Price: 1,163,750 FEB 2020 Median Sale Price: 1,115,000 INSIDE: This Report gives you an in-depth look into the housing market in West Alderwood, + Last Month’s Sold Prices with charts and analysis, plus up-to-the minute statistics based on all the homes + Current Listings JANUARY 2020 currently for sale and sold in West Alderwood over the last six months. Enjoy! + Past Six-Month Trends, Home Price Index, and More 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 16 Homes Currently for sale Median Asking Price: 1.018m Price Range $649k to $2.08m Buyers and Sellers Didn’t Get the Memo West Alderwood, March 2020 ~ We’re living in Or are they among the few brave, some might say interesting times, as the saying goes. foolhardy, souls who simply don’t care about the unknown? The thing known as Covid-19, which causes shopping sprees, toilet paper shortages and an urge to dress up Or are they just people who need to sell or buy a home? as medical staff, is also responsible for market stress. Clearly there are businesses, organizations and workers As most of us watch, listen to and scroll through the who are directly affected by the closures and the urging nonstop news, rumour and guesswork, it is difficult to of health officials to stay at home and limit interactions. predict the effect this phenomenon might have on real There is economic fallout from this, hopefully minor and estate. temporary. However, in the thick of uncertainty, my clients were But by and large, at this point, it appears that the real in a bidding war last night, with nine other buyers. estate market is still walking tall. The activity in Homes were bought, homes were sold, homes were Alderwood continues to be strong, with an increase in shown, homes were listed all over the city. the number of listings. With the banks lowering interest rates and the easing of the stress test, there is actually Could it be that real estate buyers and sellers don’t good news about the real estate market. have TV’s radios or smartphones, so aren’t informed? Now all we need is some good news about replenished GUARANTEED SALE PRICING supplies of hand sanitizer and vitamin C. 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.

MARCH 2020 REPORT ON WEST ALDERWOOD HOUSE PRICES FEB JAN FEB 2020 2020 2019 New Listings: 10 New Listings: 8 New Listings: 6 Homes Sold: 4 Homes Sold: 3 Homes Sold: 2 Avg Sold Price: Avg Sold Price: Avg Sold Price: $1,163,450 $1,09,667 $775,000 Median Price: Median Price: Median Price: $1,115,000 $1,56,500 $775,000 Avg Days on Market: 23 Avg Days on Market: 5 Avg Days on Market: 13 West Alderwood 12 Month Avg Sale Price 1400000 1200000 1000000 800000 600000 400000 200000 0 Mar Apr May June July Aug Sept Oct Nov Dec Jan Feb Avg Sold Price

WEST ALDERWOOD HOUSE PRICES REPORT Past 6 Months Statistics with House Type & Style 1,200,000 HOUSE TYPE 1,000,000 Row/Twnhouse - 2 800,000 Detached - 24 600,000 400,000 Semi-Detached - 4 200,000 Duplex - 0 0 HOUSE STYLE list price original price sold price 1 1/2 Storey - 3 2-Storey - 10 2 1/2 Storey - 0 3-Storey - 2 Bungaloft - 1 Bungalow - 13 SIdesplit - 1 average median mode 1815000 1815000 1815000 1815000 1815000 988271 973183 1009514 1008000 1008000 1425000 500000 500000 665000 665000 665000 1163750 1000000 Sept Oct Nov Dec Jan Feb Here we compare two set of 6-month sales averages Avg Sold Price Low Price High Price from one year to the next. Since we have low Comparing 6-month Range inventory, this 6-month Of Average Sold Prices view gives you a better idea of market trends. Prev Six Months Current Six Months 947,521 975,677 983,972 972,866 959,971 961,285 947,586 971,097 981,980 1,003,030 981,345 976,284 947,106 946,204 912,524 945,649 954,954 962,273 988,271 973,183 1,009,514 1,008,000 1,034,717 869,953 OCT/MAR NOV/APR DEC/MAY JAN/JUN FEB/JULYMAR/AUG APR/SEP MAY/OCT JUN/NOV JUL/DEC AUG/JANSEPT-FEB

Tear- *Updated Mar 13, 2020 down Just Sold Re-listed Conditional new price Flip? Still waiting This lot might be split into two lots

ALDERWOOD HPI HOUSE PRICES Based on MLS-Home Price Index (MLS®HPI)* 1,200,000 1,000,000 1.59% 800,000 Bungalow One Year Price Change 600,000 15.70% 400,000 2-Storey Detached 200,000 One Year Price Change 0 8.68% Current est. Composite 2 Storey Det Composite price for the One Year Price Change house type Bungalow Benchmark 1 Month Ago 3 Months Ago 6 Months Ago 1 yr Ago 3 yrs Ago *The MLS HPI® Price Index is a new, more accurate method of measuring real estate prices within a specific neighbourhood. This system uses a sophisticated statistical model that considers both the quantitative and qualitative features of your home. The “Benchmark” pricing is set each month. ROOM-BY-ROOM REVIEW PIN-POINT PRICING People often ask me about the best way to get the highest I hope you find that this Report provides price for their property. I love that question, because there helpful information. But you already know really is a way to increase the value of your house – and that there’s more to accurately pricing it doesn’t need to cost a lot, or anything at all! homes than statistics, graphs and charts. It comes down to thinking about your house in the eyes It also takes an experienced eye and an of a buyer. You live in your home now, but when it comes intuitive understanding of what’s actually time to sell, it’s a house. It’s now a commodity, competing happening working every day in the field on the open market with other commodities. with buyers and sellers. You don’t need a major renovation – you just want to Our secret to successfully selling homes make your house the “best in class”. Our goal is to make for top dollar is simple: guaranteed pin- your house the one that buyers remember as best of its point pricing. kind. When you’re ready, check out our Pin- The way to do this is to start with a “Room-By-Room point Pricing by calling our 24-Hr Free Review”. This is our proven method of getting the best out recorded message at 1-(855)-781-8881 of the interior and exterior of the house. It doesn’t mean Ext 32 a lot of work or a big investment. In fact, my team and I can take care of the whole thing for you! To get your complimentary Room-By-Room review, just call 1-855-781-8881 Ext 18 for a 24-Hr Free Recorded Message

GREATER ALDERWOOD MARCH 2020 Total Sold Transactions Total New Listings Greater Alderwood Greater Alderwood Year-Over-Year Year-Over-Year Feb 2020: 6 Feb 2020: 15 Feb 2019: 6 Feb 2019: 14 Seasonally Adjusted Seasonally Adjusted Feb 2020: 6 Feb 2020: 15 Jan 2020: 8 Jan 2020: 10 Average Selling Price SHOP LOCAL BUSINESSES! Greater Alderwood La CREMA CAFÉ Alderwood Plaza Year-Over-Year Feb 2020: $ 1,088,667 FREE Coffee – Any Size Feb 2019: $ 1,115,833 Take a load off after shopping at Dollarama or Seasonally Adjusted Farm Boy and enjoy a coffee of your choice on us!” Feb 2020: $ 1,088,667 Jan 2020: $ 1,211,167 BRING THIS COUPON TO RECEIVE ONE FREE COFFEE! (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]