July 2022 Report Minto Townhouse prices.

JUly 2022 MintoLongbranchPrices.ca

REPORT ON MINTO LONGBRANCH PRICES JULY 2022 CURRENT (JULY 2022) Average Asking Price: $891,750 Homes For Sale Now: 4 (see page 5) JUNE 2022 (latest complete month) Homes Sold: 0 Average Sold Price: $0 LAST 6 MONTHS (JAN thru JUNE) Homes Sold: 10 Average Sold Price: $1,008,211 Inside The Monthly Report gives you an in-depth look into the housing market in Minto + JUNE 2021 Sold Prices Longbranch and is an easy way to see what + JULY 2022 Current Listings your house may be worth. + Past Six-Month Trends + Analysis & Commentary Minto Townhouse Prices Report Courtesy of Mark Gaudet, Realtor AEA Right At Home Realty Inc Broker 416-551-6847 [email protected]

4 Homes Currently for sale Median Asking Price: $1.01 Price Range $450 - $1.10m Isn’t a More Balanced Market A Good Thing? Minto LongBranch, June 2022 ~ Higher borrowing costs increased in June. The number of listings will be continued to impact the market last month. There interesting to watch, as some sellers are also taking a were no sales in June, that’s down from the two sales wait-and-see approach. in May; we had six in June of last year. Even with zero recorded sales last month, the Minto is clearly a small local market, so a low number absorption rate, a metric we use to determine the type of sales is not uncommon. However, zero is rare and of market were in, is trending towards a balanced we know the market is shifting. market. This is good news. For the past two years, the problem in the real estate market was over-inflated, Home sales have been impacted both by the higher unsustainable prices. Remember those? costs of borrowing and the psychological effect, where buyers who can afford these higher costs are putting You would imagine that this might be welcome news to things on hold to see where shifting prices may land. those complaining about it as recently as April. Instead, This market is expected to continue during the slower mainstream media and social media are portraying the summer months. current market changes as doomsday. Along with transactions, the number of new listings For Minto owners, if you’ve owned your townhome for added to the market was also lower, half of what we more than a couple of years, this may be a great had last June. There were 8 new listings in June 2021 opportunity to look for a detached home. and this past June there were 4 (and two of these were re-listed to reflect a newer/reduced asking price). I’m working with a couple who are selling a spacious two-bedroom condo facing a pond and That’s contrary to what other markets in South greenspace! If you know someone who Etobicoke are seeing, where the number of new listings might be interested, please let me know. ~ Mark Gaudet, Realtor, BA, AEA

JUNE Latest MAY Seasonally JUNE Year- 2022 complete 2022 adjusted 2021 to-Date month New Added Listings: 4 New Added Listings: 3 New Added Listings: 8 Homes Sold: 0 Homes Sold: 2 Homes Sold: 6 Avg Sold Price: Avg Sold Price: Avg Sold Price: NIL $1,109,056 $852,000 Median Sold Price: Median Sold Price: Median Sold Price: $1,109,056 $867,500 NIL Avg Days on Market: Avg Days on Market: 10 Avg Days on Market: 20 NIL Terminated or Expired: 0 Terminated or Expired: 3 Terminated or Expired: 0 Minto Longbanch 12 Month Avg Sale Price 1,200,000 NIL 1,000,000 800,000 600,000 400,000 200,000 0 July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June Avg Sold Price

Past 6 Months (10 Homes Sold) Past 6 Months Statistics with House Type & Style $1,010,000 $982,869 $989,869 $1,008,211 BEDROOMS $1,005,000 Sold Price $1,000,000 1 Bedroom - 0 1+ Bedroom - 1 $995,000 $990,000 2 Bedroom - 8 $985,000 2+ Bedroom - 0 $980,000 $975,000 3 Bedroom - 1 $970,000 3+ Bedroom - 0 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 (35 Sold) Current Six Months (10 Sold) better idea of market trends. 803,553 845,459 789,140 858,628 775,543 856,050 764,846 846,580 772,916 867,055 773,619 861,711 759,593 888,177 772,204 892,294 789,778 893,925 822,219 945,474 822,680 984,501 829,431 1,008,211 FEB/JULY MAR/AUG APR/SEP MAY/OCT JUN/NOV JUL/DEC AUG/JAN SEP/FEB OCT/MAR NOV/APR DEC/MAY JAN/JUN

*Updated July 2, 2022

*As of June 30, 2022 1,200,000 18 1,099,000 16 1,000,000 14 918,113 840,167 12 800,000 767,278 10 8 600,000 6 4 400,000 2 200,000 0 0 0 0 -2 Percent Sold Minto Longbranch Average Sold Average Sold Days on Over Toronto Price Median Price Market 0 Asking Average List 0 Minto 0 Price 918,113 840,167 Longbranch 16 0 1,099,000 Toronto -0.002 767,278 Minto Longbranch Toronto Minto Longbranch 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 my 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: BEST PLACES & PRICES Ever heard the phrase, you don’t know what you don’t know? SCAN ME What if you knew about some great, affordable places to live. 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 Can you sell 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 Wondering where to start? Easy. It starts with a quick call. Mark Gaudet Realtor Please feel comfortable calling me at 416-551-6847 Right At Home Realty Inc Broker or email [email protected] 416-551-6847 Please [email protected] MARKitHOME.com EFFORTLESS MOVES