january 2022 MintoLongbranchPrices.ca
REPORT ON MINTO LONGBRANCH PRICES JANUARY 2022 Current Month CURRENT (JANUARY 2022) Average Asking Price: $897,000 a a Homes For Sale Now: 2 (see page 5) Last Month DECEMBER 2021 (latest complete month) Homes Sold: 2 Average Sold Price: $725,700 Last 6 Months LAST 6 MONTHS (JUL thru DEC) Homes Sold: 36 Average Sold Price: $861,711 INSIDE The Monthly Report gives you an in-depth look + DECEMBER 2021 Sold Prices into the housing market in Minto Longbranch and + Current Listings JANUARY 2022 is an easy way to see what your house may be worth. + Past Six-Month Trends Have any questions or suggestions? Please feel comfortable getting in touch. Minto Townhouse Prices Report Courtesy of Mark Gaudet, Realtor AEA Right At Home Realty Inc Broker 416-551-6847 [email protected]
2 Homes Currently for sale Median Asking Price: $897,000 Price Range $799,000 - $995,000 Looking Back, Seeing Forward Minto Long Branch, January 2022 ~ The end of the In terms of inventory, there were 106 new listings in year is typically slow in the real estate market, but 2020, and 107 in 2021. Of these, 38 were terminated this past December could have inspired “Silent Night”. (didn’t sell) in 2020 and 27 were terminated in 2021. 65 homes sold in 2020; 75 sold in 2021. There were three lonely new listings in December and just two sales. That’s the fewest ever sales at Minto, The average sale price increased 7.49% from $783,874 even in a slow month. For comparison, five homes sold in 2020 to $844,926 in 2021. Average sale price is not a in December 2020. particularly good market indicator, but a year’s worth of numbers is a decent enough sample size. Some question the logic of listing your home in a month when people are usually busy with the rush of However, there were a few notable exceptions to the Christmas. But circumstances sometimes require it, averages. One homeowner who purchased a unit in and in a seller’s market, well-priced homes will sell April 2020 for $925,000, sold it in Oct 2021 for $1.038. even in the middle of winter and seasonal festivities. They were 4.02% happier than your average sellers! With just two homes selling in December, the average Predictions for this year? The crystal ball is a little sale price of $725,700 of course is not an accurate cloudy with Omicron, but a solid bet is “more of the reflection of current values. In fact, at 10.3% lower same”. Selling is a very tempting option. than December 2020 it is the opposite of market trends throughout the rest of last year. I have a lovely new one bedroom + den condo coming up next week, if you know of someone, The picture is clearer as we look back at market activity please feel comfortable getting in touch with me. as a whole in 2021 and compare it to 2020. The two years are similar, except for one key area – price. ~ Mark Gaudet, Realtor, BA, AEA
DEC Latest NOV Seasonally DEC Year- 2021 complete 2021 adjusted 2020 to-Date month New Added Listings: 3 New Added Listings: 8 New Added Listings: 2 Homes Sold: 2 Homes Sold: 7 Homes Sold: 5 Avg Sold Price: Avg Sold Price: Avg Sold Price: $725,700 $897,857 $805,200 Median Sold Price: Median Sold Price: Median Sold Price: $725,700 $956,000 $798,000 Avg Days on Market: 17 Avg Days on Market: 8 Avg Days on Market: 30 Terminated or Expired: 0 Terminated or Expired: 0 Terminated or Expired: 0 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 Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Avg Sold Price
Past 6 Months (36 Homes Sold) Past 6 Months Statistics with House Type & Style $865,000 $842,835 $842,000 $861,711 BEDROOMS $860,000 Sold Price $855,000 1 Bedroom - 3 $850,000 1+ Bedroom - 1 $845,000 2 Bedroom - 21 2+ Bedroom - 1 $840,000 $835,000 3 Bedroom - 8 $830,000 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 (36 Sold) Current Six Months (36 Sold) better idea of market trends. 773,244 774,259 796,603 803,553 789,140 775,543 764,846 867,055 773,619 822,219 822,680 829,431 845,459 858,628 856,050 846,580 861,711 730,822 742,503 759,087 772,916 759,593 772,204 789,778 AUG/JAN SEP/FEB OCT/MAR NOV/APR DEC/MAY JAN/JUN FEB/JULY MAR/AUG APR/SEP MAY/OCT JUN/NOV JUL/DEC
*Updated January 1, 2022
*As of December 31, 2021 1,000,000 18 900,000 850,541 877,732 16 800,000 725,700 825,000 14 700,000 725,700 689,450 12 Average 600,000 Median Price 10 500,000 725,700 8 825,000 400,000 6 300,000 4 2 200,000 0 100,000 Days on Percent Market Sold 0 Over Average List Average Sold Minto 17 Minto Longbranch Price Price Longbranch 17 Asking Toronto 689,450 725,700 Toronto 8 850,541 877,732 8.1 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 SCAN ME Ever heard the phrase, you don’t know what you don’t know? What if you knew about great places to live with affordable prices? 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 How about selling 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 Yes, I am a realtor, but not a typical salesperson. Mark Gaudet Realtor Feel comfortable calling me at 416-551-6847 Right At Home Realty Inc Broker or email [email protected] 416-551-6847 MARKitHOME.com [email protected] EFFORTLESS MOVES
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