401  TEAM

401 TEAM

Real Estate Team

Royal LePage Ignite Realty Brokerage*

Mobile:
(416) 655-4040
Office:
(416) 282-3333
Email Me
401  TEAM

401 TEAM

Real Estate Team

Royal LePage Ignite Realty Brokerage*

Mobile:
(416) 655-4040
Office:
(416) 282-3333
Email Me

Durham Region Real Estate Market Update - March 2020

Brutally Honest Market Report- Durham Region

If you are a seller currently on the market or entering the market to sell your house, you have to understand our current market condition! You also have to understand why our sales number are free falling and whether that will affect your home prices or not!
Get ready for some UGLY numbers for the month of April, May and maybe even the summer! Sales may fall over 50% in Durham Region for the month of April 2020 when we look at year over year stats! By no means do I have the crystal ball but looking at the first 2 weeks of April sales, that is what the numbers are indicating. On the brighter side, we are noticing that overall the prices are holding up!
Before I say anything, I hope we can all agree on the fact that (also reflect on what BOC Governor Stephen Poloz said) that coming into this pandemic, there was nothing fundamentally wrong with our economy. However given the current situation and the uncertainty of when things will go back to normal has really eroded the confidence in consumers. I believe that is a common sentiment that is across the globe. My two cent is that the economy is on house arrest and we don't know when that ban will be lifted. I think the biggest questions in everyone's mind is when will everything go back to normal? When would our government allow non-essential activities to take place? Will everything be normal even once the bans are lifted? Will there be a second wave of COVID-19 once we resume?
Although we are facing an unprecedented amount of unemployed individuals across the country (apparently 15-20% could be the number), we have to understand that this was induced by an external factor that we cannot control. This external factor (COVID-19) is uncertain and that is the biggest problem we face!
 
At least some things are certain when we have the NUMBERS!
Let's look at Durham Real Estate Numbers for March 2020!
 
Durham Sales - 1101 (Up 31%)
Active Listings - 1229 (Down 24%)
Composite Benchmark Index Price - $608,200 (Up 10% Year/Year)
MOI - 1.1 Months of Inventory
 
Are you or do you know anyone who wants to sell their home in this environment? Are they confused and are uncertain about the market and on what they should do?
Call US for a Brutally Honest advice and consultation!
 
☎️ Ragu Rajaguru- 416.712.2006
Real Estate Broker, ABR, SRS
 
☎️ Shan Perinpanathan - 416.655.4040
Real Estate Broker, ABR, SRS
 
☎️ Ragu Paramsothy- 416.731.7148
Real Estate Broker, B.Sc
 
Info@401team.com
 
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(416) 655-4040

  

(416) 282-3333

  

 

Shan Perinpanathan 401Team

SHAN PERINPANATHAN
Real Estate Broker, ABR, SRS, CSP Elite™ Agent
 
Direct: 416.655.4040
Email: shan@401team.com
 
As an interior designer, renovator, artist, IT professional, Business Manager and experienced Realtor, I have the unique abilities and skills that can help any seller or buyer to make best sound decisions. With a through understanding of the current market and past/present trends, I help my clients make the real move and sell for the best price possible. I have extensive experience with multiple offer/bidding war situations and have helped my clients obtain their dream homes stress-free.
I have lived in Mississauga for 20 years, Brampton for 6 years and finally transitioned to Oshawa, calling Taunton community my home. In my career, I have helped my clients buy and sell homes throughout the Greater Toronto Area, specializing in preconstruction Condos and local market homes for sale. Brampton, Mississauga, Toronto, Pickering, Ajax, Whitby, Bowmanville or Oshawa homes for sale, we have access to major inventory on or off market. We pride our services on delivering professional results every time and developing honest relationships with all our clients. So go ahead and make that call, see what makes us different in the real estate industry. 

  
 
 
 
 
Ragu Rajaguru 401Team
RAGU RAJAGURU
Real Estate Broker, ABR, SRS
 
Direct: 416.712.2006
Email: ragu@401team.com
 
Real Estate is not only a Career for me but a true Passion!
From earlier on when I embarked in my first career in Human Resource, I quickly realized the importance of VALUE!
When I  started to pursue my passion in Real Estate, I quickly realized the importance of giving value. I realized the importance of providing a knowledgeable, valuable and integrity oriented service.
What better way to provide this to my clients than  joining a team that mirrored my aspiration and belief!
I take pride living in Oshawa and servicing the local market and surrounding areas. Being an Oshawa Real Estate agent for many years, I have knowledge about the communities and the growing developments throughout the city.
 
Let’s work together! Please contact us today.

 



Specialty: Residential, Commercial, Pre-Construction; | Oshawa homes for sale | Brampton homes for sale | Mississauga homes for sale | Ajax homes for sale | Pickering homes for sale | Toronto condos for sale | New Condos For Sale |

Experience: 21 Years Experience - Team

Awards: Red Diamond Award 2019

Area Covered: Durham & Peel Region

Languages Spoken: English, Tamil