TAUNTON / WINDFIELDS HOUSING MARKET- JUNE 2020
Sales almost doubled on a year/year in Taunton and Windfields!
2019 June - 46 Sales
2020 June- 80 Sales
Time to sell an average property also went down by more than 30%
2019 June - 32 Days on the market
2020 June - 20 Days on the market
Both communities combined, there are 71 active listings, which indicates a severe lack of supply as 80 units sold in June 2020
Pressure on Inventory and high consumption rate will definitely increase the price in the coming months if demand holds up and supply stays low.
TAUNTON & WINDFIELDS AVERAGE PRICES - JUNE 2020
| Taunton | Windfields | |
|---|---|---|
| 2 Bedroom | Condo Townhome | 3 Storey | $N/A | $457,100 |
| 3-4 Bedroom | Condo Townhome | 3 Storey | $N/A | $512,556 |
| 2 Bedroom | Freehold Townhome | 2 Storey | $N/A | $485,725 |
| 3 Bedroom | Freehold Townhome | 2 Storey | $N/A | $602,198 |
| 3 Bedroom | Semi-Detach | 2 Storey | $587,5000 | $636,000 |
| 3 Bedroom | Detach | 2 Storey | 1 Garage | $661,500 | $596,250 |
| 4 Bedroom | Detach | 2 Storey | 1 Garage | $N/A | $683,143 |
| 3 Bedroom | Detach | 2 Storey | 2 Garage | $666,000 | $N/A |
| 4 Bedroom | Detach | 2 Storey | 2 Garage | $769,167 | $801,671 |
| 5 Bedroom | Detach | 2 Storey | 2 Garage | $885,500 | $877,000 |
| 2-3 Bedroom | Detach | Bugalow | Bungaloft | 2 Garage | $763,667 | $N/A |
OSHAWA MARKET REPORT - JUNE 2020
Oshawa Housing Market - June 2020 . With less than 1 (0.8) M.O.I (Months of Inventory), Oshawa is doing better than the regional average of 1.0 M.O.I
Oshawa is close to experiencing a similar hot market like early 2017. No better time to sell than now.
Sales are up by 21% year over year and it went up by 44% month over month putting a strain on limited inventory.
When inventory is limited and sales are picking up, it pushes the price up!
The Composite Benchmark Price went up almost 9% for Oshawa on a Year over Year basis, Month over Month it went down 1% (negligible) , however the shortage of inventory and the increase in sales all point a price increase in the coming months.
Don't undersell your property, give us a call!
DURHAM MARKET REPORT - JUNE 2020
Durham Region Housing Market - June 2020. With 1.0 Months of Inventory, Durham Region is experiencing a super hot sellers market!
Sales are up year over year by 17% and month over month by 66%.
There was extreme pressure on inventory (active listings) as it dropped 45% from last year.
Although we did not see much movement on the composite benchmark price on a month over month, we went up 8.4% year over year.
Current pressure on supply and a high absorption rate, all points a price increase in the months to come!
Are you looking to list your home for top dollar? Get an accurate value assessment, call the 401Team.
DURHAM REGION & OSHAWA MARKET REPORT - MAY 2020
Durham Region & Oshawa Market
With 1.5 M.O.I (Months of Inventory), Durham Region is experiencing a super hot sellers market!
Although the sales are down by 35% year over year, it went up by 50% month over month putting a strain on limited inventory.
When inventory is limited and sales are picking up, it pushes the price up!
Don't undersell your property, give us a call!
DURHAM REGION & OSHAWA MARKET REPORT - APRIL 2020
Durham Region & Oshawa Market
One of the questions that we have been hearing from our buyers ; if they can get a bargain in Real Estate, our answer, No sorry, Not yet, atleast not for now!
Overall in Durham Regional Real Estate Market, we have had 53% decline is sales (513) on a Y/Y basis. New Listings (883) on the market for the month of April declined 52% Y/Y, new listings refer to listings that were added in that particular month, in this case April.
Active Listings (1,183) declined 41% Y/Y and Months of Inventory was at 2.3, an increase of 107% from a month ago. MLS Composite Index Price for Durham Region overall was $611,200 up 9.8% Y/Y, and Up 0.49% M/M. Condo MLS Benchmark $456,600 was up 14% Y/Y and 1.6% M/M.
Decent overall seller's market in Durham Region! However it is worth to note that 2.3 MOI for April is the highest in the last 3 years!
City of Oshawa April 2020 - Real Estate Market
Sales (152) down 42%
New Listings (266) down 48%
Active Listings (300) down 42%
The Months of Inventory (MOI) in Oshawa for April was an astonishing 1.6. This number is unchanged from last month and is certainly a great sellers market!
Composite Benchmark Price $518,6000, up 12.4% Y/Y and 1% M/M
Condo Apartment Benchmark Price $365,700 up 15% Y/Y and 2% M/M
In conclusion Oshawa has a very strong seller's market! Price it right and you will sell it!
Are you looking to sell your property or buy your dream home and you need an honest advice? Give us a call, no pressure! We will always advise you as if we were buying or selling! Remember Numbers Don't Lie, let us break it down for you!
TORONTO REAL ESTATE MARKET REPORT - APRIL 2020
Toronto Real Estate Market Report - April 2020 .
Have you been hearing that we are going to have an increase in mortgage arrears? Well you have to watch the video, we break the numbers down for you!
One of the questions that we have been hearing from our buyers is asking us if they can get a bargain in Toronto and Regional Real Estate, our answer, No sorry, atleast not yet!
Overall in Toronto Regional Real Estate Market, we have had 67% decline is sales (2975) on a Y/Y basis.
New Listings (6174) on the market for the monthe of April declined 64% Y/Y , new listings refer to listings that were added in that particular month, in this case April.
Active Listings (10,561) declined 41% Y/Y
Months of Inventory was at 3.5, an increase of 166% from a month ago.
MLS Composite Index Price for TRREB (Toronto Regional Real Estate Board) overall was $870,100 up 10% Y/Y, and Up 0.6% M/M.
Condo MLS Benchmark $598,700 was up13% Y/Y and 1% M/M
Although this concludes that we are nowhere near a Buyer's market, we aren't in a great seller's market either. We are very closed a Balanced Market. If in the following months the consumption of the active listings does not increase then there is a chance we can inch into a Balanced Market.
City of Toronto April 2020 - Real Estate Market
Sales (1036) down 68%
New Listings (2223) down 55%
Active Listings (3470) down 35%
The Months of Inventory (MOI) in Toronto for April was 3.5. Again indicating that it is a sellers market, however this is not as strong as last year same time (1.7 MOI) or last month (1.2 MOI).
Composite Benchmark Price $964,600, up 10% Y/Y and 1% M/M
Condo Apartment Benchmark Price $631,800 up 13% Y/Y and 1% M/M
In Conclusion, the only way the prices will start to decline is if more inventory piles up as consumption either decreases or stays the same. Lets wait and see!
Are you looking to sell your property or buy your dream home and you need an honest advice? Give us a call, no pressure! We will always advise you as if we were buying or selling! Remember Numbers Don't Lie, let us break it down for you!
TORONTO REAL ESTATE MARKET REPORT - APRIL 1-17, 2020
