JUNE 2021 Report Alderwood House Prices

REPORT ON ALDERWOOD JUNE 2021 a HOUSE PRICES CURRENT (JUNE 2021) Average Asking Price: $1,349,492 Homes For Sale Now: 25 (see page 5) a MAY 2021 (latest complete month) Homes Sold: 24 Average Sold Price: $1,275,858 LAST 6 MONTHS (DEC thru MAY) Homes Sold: 89 Average Sold Price: $1,327,083 INSIDE The Monthly Report gives you an in-depth look into the housing market in Alderwood and is an + Last Month’s Sold Prices easy way to see what your house may be worth. + Current Listings JUNE 2021 Do you have any questions or suggestions? + Past Six-Month Trends Please feel comfortable getting in touch. + Home Price Index™ and More Alderwood House Prices Report Courtesy of Mark Gaudet Sales Representative Right At Home Realty Inc Brokerage 416-551-6847 [email protected]

25 Homes Currently for sale Median Asking Price: 1.29m Price Range $799 to $1.99m Hot or Not? Alderwood, June 2021 ~ The numbers on the downs and uncertainty of the pandemic lifts and life thermometer finally are trending up – if you’ll excuse returns to a sense of normalcy, the next few months the real estate reference – and warmer weather might see this trend from sellers continue. usually means an increase in new listings. Last month was no exception. Although we have active buyers an increase in new listings would likely see some price adjustments In fact, May saw a record number of new listings with towards a more balanced (i.e., not so crazy) market. 43 home on the market in Alderwood. That’s 65% more than April 2021 and 126% increase over May 2020. Even if that were to happen, nobody is expecting any Although we’ve become accustomed to Covid playing sort of plunge in prices by any means. The average havoc with “normal” market logic and statistics, when sold price in Alderwood is in fact up slightly in May to you consider our busier months see an average of 29 $1,275, 500. homes listed, 43 is eyebrow-raising. The important question over the next few months will The number of new listings is an important market be how the market will be affected by the new stress indicator because it demonstrates seller sentiment. test for buyers applying for mortgage financing. Let’s New listings of course have a bearing on the housing take this up in our next issue of the Alderwood Report. supply, and together with number of sales and the time Until then, enjoy the warmer weather! it takes to sell (DOM-Days on Market), indicate a sellers’ market, buyers’ market, or a balanced market. I have a lovely 4-bedroom townhouse coming up By looking at the data from last month, we can see also next week. Do you know anyone who might that homeowners are in the selling mood. As the lock- be interested? Please get in touch. ~ Mark Gaudet 416-551-6847

MAY Latest APR Seasonally MAY Year- 2021 complete 2021 adjusted 2020 to-Date month New Added Listings: 43 New Added Listings: 26 New Added Listings: 19 Homes Sold: 24 Homes Sold: 11 Homes Sold: 16 Avg Sold Price: Avg Sold Price: Avg Sold Price: $1,275,858 $1,239,347 $1,285,250 Median Sold Price: Median Sold Price: Median Sold Price: $1,195,500 $1,150,000 $1,240,000 Avg Days on Market: 8 Avg Days on Market: 9 Avg Days on Market: 28 Terminated or Expired: 13 Terminated or Expired: 1 Terminated or Expired: 3 Alderwood 12 Month Avg Sale Price 1600000 1400000 1200000 1000000 800000 600000 400000 200000 0 June July Aug Sept Oct Nov Dec Jan Feb Mar Apr May Avg Sold Price

Past 6 Months (89 Homes Sold) Past 6 Months Statistics with House Type & Style $1,340,000 $1,258,605 $1,259,269 $1,327,083 HOUSE TYPE $1,320,000 Sold Price $1,300,000 Row/Twnhouse - 0 $1,280,000 Detached - 70 $1,260,000 Semi-Detached - 18 $1,240,000 Duplex/Multi - 1 $1,220,000 HOUSE STYLE List Price 1 1/2 Storey - 8 Original Price 2-Storey - 45 2 1/2 Storey - 1 3-Storey - 5 Bungaloft - 0 Bungalow - 29 Raised Bungalow - 0 Backsplit - 1 Other - 0 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 (43 Sold) Current Six Months (89 Sold) better idea of market trends. 979,186 1,134,356 976,354 1,169,756 970,568 1,185,423 1,007,293 1,183,020 995,824 1,211,315 1,029,026 1,209,298 1,040,828 1,213,485 1,068,874 1,206,508 1,074,990 1,223,292 1,072,553 1,299,993 1,131,304 1,296,103 1,112,616 1,327,083 JAN/JUN FEB/JULY MAR/AUG APR/SEP MAY/OCT JUN/NOV JUL/DEC AUG/JAN SEP/FEB OCT/MAR NOV/APR DEC/MAY

*Updated June 3, 2021



ALDERWOOD HPI HOUSE PRICES - Benchmark Homes Based on MLS-Home Price Index (MLS®HPI)* $1,400,000 $1,200,000 17.87 % $1,000,000 2-Storey Detached $800,000 One Year Price Change $600,000 22.22 % $400,000 $200,000 Bungalow One Year Price Change $0 Bungalow Composite 18.80% 2 Storey Composite Detached One Year Price Change Benchmark 1 Month Ago (Incl. 1 ½ storey) 1 yr Ago 3 Months Ago 6 Months Ago *The MLS HPI® Price Index is a new method of measuring real estate prices. It ignores average sold prices, which can distort values. This system uses a statistical model that considers quantitative & qualitative characteristics to set a “Benchmark” price. Whenever you’re ready, here are two ways I can help… 1. GET PIN-POINT PRICING 2. TRY A ROOM-BY-ROOM REVIEW It’s natural to be curious about what your house may Every home seller wants to get the highest price for be worth in today’s new world. their property. And actually, there is a simple way to increase the value of your house – and it doesn’t need You may also be curious if there’s a “secret sauce” to cost a lot, or anything at all! to finding your home’s value – beyond the charts graphs and statistics. The secret is to think about your house in the eyes of a buyer. Consider your house as a commodity, In fact, the key to understanding what’s really competing on the open market with other commodities. happening with home values is recognizing market influences, working daily in the area with active You don’t need a major renovation – you just want to buyers, as well as making sense of all the numbers. make your house the “best in class”. Our goal is to Add a healthy amount of passion for all of this – and have your house the one that buyers remember as the that’s our secret sauce! best of its kind. We use it to produce your personal Pin-Point Pricing We begin with a “Room-By-Room Review”. This is our Report. It’s free & there’s no obligation. proven method of getting the most out of your house without spending a ton of money. If you’re curious about the FREE Pin-Point Pricing Report please call our 24-Hr recorded To get your FREE Room-By-Room Review, just message at 1-(855)-781-8881 Ext 32 call 1-855-781-8881 Ext 18 for a 24-Hr Recorded Or visit www.pinpointpricing.ca for more info Message or visit www.etobicokehomeservices.ca