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A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!

Monday, October 9, 2017

Toronto home sales slumped in September

Home sales in the GTA fell 35% in September year-over-year following a strong month in August.

There were 6,379 sales through the MLS system of Toronto Real Estate Board while new listings jumped 9.4% compared to September 2016 to 16,469.

The spike in listings could be a sign that sellers are expecting that those buyers who are currently on the sidelines will be active in the fall according to TREB president Tim Syrianos.

“Consumer polling undertaken for TREB in the spring suggested that buying intentions over the next year remain strong. As we move through the fourth quarter we could see some buyers moving off the sidelines, taking advantage of a better-supplied marketplace,” he said.

Average selling price appreciation slowed to 2.4% year-over-year to $775,546.

This was moderated by flat prices for detached homes ($1,015,067) compared to 7.4% for semi-detached ($752,379), 7.1% for townhouses ($609,382) and a 23.2% surge for condo prices ($520,411).

“Tighter market conditions for condominium apartments follows consumer polling results from the spring that pointed toward a shift to condos in terms of buyer intentions,” said Jason Mercer, TREB’s Director of Market Analysis.

MBN

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