September 2021 Report Minto Townhouse prices FINAL

SEPTEMBER 2021 MintoLongbranchPrices.ca

REPORT ON MINTO SEPTEMBER 2021 a LONGBRANCH PRICES CURRENT (SEPTEMBER 2021) Average Asking Price: $726,200 Homes For Sale Now: 4 (see page 5) a AUGUST 2021 (latest complete month) Homes Sold: 5 Average Sold Price: $863,000 LAST 6 MONTHS (MAR thru AUG) Homes Sold: 40 Average Sold Price: $858,628 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 SEPTEMBER 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]

4 Homes Currently for sale Median Asking Price: $707,000 Price Range $512,000 to $978,000 What’s Fair in a Seller’s Market? Minto Long Branch, Sept 2021 ~ The seller’s market their part, should seek the lowest price. Merchants continues here as it does across the city. With 11 new selling bikes or clothing, or a neighbour selling a used listings and 5 homes sold, August was similar to July. lawnmower will try to get the highest price. That’s The average sale price was a little lower at $863,000. obvious. Why wouldn’t a home seller want the same? However, Minto Long Branch continues to enjoy an overall increase in value over the past year of 21.8%. Your home is probably your most valuable asset, something you worked hard to get and which you may Real estate is (too?) often in the news, and with the be dependent upon for retirement or your future. upcoming federal election there are even more Your Realtor is legally (and morally) obligated to obtain stories and discussions about the issue of affordable the highest price and the best terms for your home. housing. It is a serious, widespread problem, and we see it most strikingly in Toronto and the GTA. In a housing market with low supply & high demand, the best way to achieve this goal may well be an Although the issue is fundamentally a consequence of attempt to orchestrate multiple offers - a bidding war. (low) supply and (high) demand, it’s convenient to look for a scapegoat. Some politicians now imply that blame A bidding war is undoubtably a very difficult challenge should be levelled at sellers (and their Realtors) who for some buyers. But it is not “unfair”. What is unfair is apparently cause the problem by holding “unfair” blaming home sellers for trying to get the best price. bidding wars that drive up prices. This is a mis- understanding or cynical representation of the truth. I have a spacious 4-bedroom house for sale in Cambridge. (In this case, the seller is not In a free market, sellers have every right to seek the attempting multiple offers!) Do you know any- highest price for their assets or products. Buyers, for one who might be interested? Please get in touch. ~ Mark Gaudet 416-551-6847 ~ Mark Gaudet 416-551-6847

AUG Latest JULY Seasonally AUG Year- 2021 complete 2021 adjusted 2020 to-Date month New Added Listings: 8 New Added Listings: 11 New Added Listings: 9 Homes Sold: 5 Homes Sold: 7 Homes Sold: 4 Avg Sold Price: Avg Sold Price: Avg Sold Price: $863,000 $875,500 $708,450 Median Sold Price: Median Sold Price: Median Sold Price: $850,000 $875,500 $704,400 Avg Days on Market: 11 Avg Days on Market: 13 Avg Days on Market: 11 Terminated or Expired: 1 Terminated or Expired: 4 Terminated or Expired: 5 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 Sept Oct Nov Dec Jan Feb Mar Apr May June July Aug Avg Sold Price

Past 6 Months (40 Homes Sold) Past 6 Months Statistics with House Type & Style $860,000 $833,554 $832,179 $858,628 BEDROOMS $855,000 Sold Price $850,000 1 Bedroom - 3 $845,000 1+ Bedroom - 0 $840,000 2 Bedroom - 27 $835,000 2+ Bedroom - 2 $830,000 3 Bedroom - 6 $825,000 3+ Bedroom - 2 $820,000 $815,000 HOUSE STYLE List Price Stacked - 21 2-Storey - 7 3-Storey - 12 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 (36 Sold) Current Six Months (40 Sold) better idea of market trends. 711,271 775,543 702,874 764,846 715,518 772,916 715,904 773,619 730,822 759,593 742,503 772,204 759,087 789,778 773,244 822,219 774,259 822,680 796,603 829,431 803,553 845,459 789,140 858,628 APR/SEP MAY/OCT JUN/NOV JUL/DEC AUG/JAN SEP/FEB OCT/MAR NOV/APR DEC/MAY JAN/JUN FEB/JULY MAR/AUG

*Updated September 1, 2021



1,000,000 20 900,000 870,380 863,000 869,900 800,000 15 700,000 599,400 10 600,000 500,000 483,670 459,523 5 400,000 300,000 0 200,000 100,000 -5 Percent Sold Over 0 Average List Average Sold Average Days on Price Price Median Price Market Asking Minto Longbranch Toronto 870,380 863,000 869,900 Minto 11 -0.8 Longbranch 19 483,670 459,523 599,400 0 Toronto Minto Longbranch Toronto Minto Longbranch Toronto Whenever you’re ready, here are two ways I can help… 1. GET PIN-POINT PRICING Mark Gaudet Realtor Right At Home Realty Inc Broker If you’re curious about the FREE Pin-Point Pricing Report, + call 1-(855)-781-8881 Ext 32 for a 24-Hr Recorded Message 416-551-6847 + Or call me directly at 416-551-6847 [email protected] + Or email me at [email protected] MARKitHOME.com 2. TRY A ROOM-BY-ROOM REVIEW EFFORTLESS MOVES If you’re curious about the FREE Room-By-Room Review + call 1-(855)-781-8881 Ext 32 for a 24-Hr Recorded Message + Or call me directly at 416-551-6847 + Or email me at [email protected]