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What Toronto & GTA resale properties sold for in April 2009

 

What they sold for in April 2009

Here's the percentage of what resale homes in Toronto and the GTA sold for in the month of April.  There are more stats on my website, www.gtamoves.com or www.vitopirri.com .

 

0 commentsVito Pirri • May 13 2009 01:50PM

This is genius!

I just received an email with a marketing promotion.  Buy two homes, one in Schomberg, Ontario and the other in Wildwood, Florida.  How much will this cost you ask?  Buy two homes priced from the low 300's (total for both).  Now that is genius.  Whoever thought this up should get a promotion or (dare I say) a great big bonus, if it works.

Here's the link:  http://www.triumphliving.ca

You know, if I could, I'd jump right on this.  This approach is definately thinking outside the box.

0 commentsVito Pirri • May 06 2009 02:23PM

Greater Toronto Real Estate Market Trends for the first half of April, 2009

Here are the real estate market trend statistics for the first half of April 2009.  The most up to date can be found on my website, www.gtamoves.com or www.vitopirri.com .

3681 TRANSACTIONS IN FIRST HALF OF APRIL

TORONTO, April 17, 2009 - Greater Toronto REALTORS® reported 3,681 transactions is the first half of April, down seven per cent compared to 3,955 during the same period last year.

"In lock-step with the favourable March results, resale housing market conditions in the first half of April were markedly improved compared to the winter time," said TREB President Maureen O'Neill.

"Households that were on the sidelines at the beginning of the year are now taking advantage of lower interest rates and lower home prices."

The average price for MLS® sales was $383,161 down four per cent from $399,117 last year.

"The average home price in the GTA stabilized as resale market conditions tightened over the past two months," according to Jason Mercer, TREB's Senior Manager of Market Analysis.  "Existing home sales increased relative to new listings."

April Mid-Month (Mid-April) Statistics Year-Over-Year Regional Breakdown

City of Toronto ("416"):  2009 Sales = 1,494     Avg Price = $412,987          2008 Sales = 1,514     Avg Price = $454,222

Rest of GTA ("905"):  2009 Sales = 2,187     Avg Price = $362,785          2008 Sales = 2,441     Avg Price = $370,274

GTA:  2009 Sales = 3,681     Avg Price = $383,161          2008 Sales = 3,955     Avg Price = $399,117

0 commentsVito Pirri • May 06 2009 11:05AM

Weekly Sales Stats in Toronto & the GTA ending April 30

TREB has finally updated the weekly sales (about 2 weeks late!).  The last post was April 16.  Results continue to show that the Real Estate Market in Toronto and the GTA seems to be stabilizing.  Here's how things stacked up, courtesy of TREB:

Region

Area Sales

Av. Price

 

East

469

$299,374

 

West

765

$368,865

 

Central

388

$495,639

 

North

442

$405,070

 

Total

2,064

$384,659

The monthly sales statistic should be out in a day or two.  I will post it here when it's published.  I'm anticipating good news!

You can always visit my website, www.gtamoves.com or www.vitopirri.com .

0 commentsVito Pirri • May 05 2009 08:29PM

Why should you choose Remax? (or, why you should choose me to be your Realtor)

Did you know some agents never sell anything?  Remax recently did a study to compare their Sales Representatives with the competition and found the following results:

Nearly 1 in 4 TREB Sales Representatives did not sell anything in 2008.

Nearly 60% of TREB Sales Representatives didn't average 1 deal per quarter in 2008.

Thousands of Sales Representatives will most likely quit by the end of 2009.

Remax has the highest percentage of TREB top producers.  (50% of the Top 10, 44% of the Top 100, 40% of the top 2,500 and 38% of the Top 5,000 Sales Representatives.  TREB had 28,801 members as of February 2009).

Remax Sales Representatives have the highest average number of deals per TREB Sales Representative.

Remax Sales Representatives sell one third (that's 1 in 3) properties in Canada according to 2008 results from CREA.

Visit my website, www.gtamoves.com or www.vitopirri.com to research all your real estate needs.

0 commentsVito Pirri • April 29 2009 02:45PM

Update to a previous post "What the Provincial Government is doing that is going to cost you more money"

Earlier in this Blog, I posted "What the Provincial Governement is doing that is going to cost you more money".  In that post, one of the subjects discussed was the Provinicial Government's intention to legislate mandatory energy audits by all homeowners who wish to sell their property.

After efforts from the Toronto Real Estate Board and their members, the Provincial Government has now indicated a significant change to the legislation which will be amended to allow the buyers to opt out of the energy audit.  This is a significant change to the bill (Bill 150), which has NOT yet passed.

0 commentsVito Pirri • April 29 2009 09:24AM

Toronto Real Estate price map

The GLOBE AND MAIL had a great piece in this past Saturday's newspaper.  I have to thank my friend Michael, for forwarding it to me.  It is an interactive map of areas of Toronto showing comparisons to selling prices of houses so far in 2008 & 2009.  It would have been even better if the entire GTA was included, but I'm sure that will happen sometime down the road.  What the map shows is that some parts of the real estate market in the city are doing even better right now, while some are still down quite a bit from last year.  The good news is, though, that the market seems to have started a recovery; first time buyers are out in droves right now.  It's a great time to be buying real estate whether you are a first timer, or a seasoned home owner!  I have great information on my website, www.gtamoves.com or www.vitopirri.com , feel free to come for a visit.

Click here for the GLOBE AND MAIL link to the interactive map.

0 commentsVito Pirri • April 28 2009 12:45PM

Upcoming Condo Listing

Eglinton and Spadina area boutique condoI will be getting a listing in early to mid may for a two bedroom condo in a boutique building in the Forest Hill neighbourhood of Toronto.  It is in the Eglinton and Spadina area and features two bedrooms and one bathroom.  There is also a parking spot and a locker.  The price has not been set, however.  This is a great first time buyer property.  When listed, all the details will be posted here.

If you or someone you know are looking to purchase a condo, feel free to contact me. You can reach me through my website, www.gtamoves.com or www.vitopirri.com .

0 commentsVito Pirri • April 28 2009 12:08PM

Buyer Seminar - Great for First Time Buyers or Seasoned Buyers & Sellers!

Thinking of buying a home?

Come to a FREE homebuyer seminar.

If you're a first time buyer this seminar is for you, too!

Hosted by Jonathan Ingall, Katriena Dean & Vito Pirri, Sales Representatives.  Topics covered include the search process, buying process and current market conditions.  There are also presentations by a Mortgage Broker, Home Inspector & Real Estate Lawyer.  Attendees will receive a complimentary Info Package.  Feel free to bring a friend!

Thursday April 30, 2009 at 6:30 p.m.

Re/Max Diamond Realty Inc., Brokerage

5 Lavington Drive, Toronto Ontario M9R 2H1 (Map it here)

Space is Limited

Please RSVP to 1-888-507-1668 or email  by Tuesday April 28, 2009

0 commentsVito Pirri • April 23 2009 01:16PM

Weekly sales to week ending April 16, 2009 take from TREB Market Watch Page

Here are the weekly sales for resale transactions in Toronto and the GTA for the week ending April 16, 2009.  The most current market statistics can be found on my website, www.gtamoves.com or www.vitopirri.com

 

April 16, 2009

Region

Area Sales

Av. Price

 

East

343

$305,933

 

West

615

$377,547

 

Central

288

$486,601

 

North

324

$416,460

 

Total

1,570

$389,936

0 commentsVito Pirri • April 23 2009 12:05PM