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NOVEMBER 2018 INITIAL Report on west alderwood house prices

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Published by , 2018-11-24 12:36:49

NOVEMBER 2018 INITIAL Report on west alderwood house prices

NOVEMBER 2018 INITIAL Report on west alderwood house prices

Homes Sold
Past 6 Months: 32

Average Sale Price
OCT '18: $1,025,938

Average Days on Market
OCT '18: 10

NOVEMBER 2018 REPORT ON
WEST ALDERWOOD HOUSE PRICES

+ Past 6 Months SOLD (May - October 2018)
+ Current ACTIVE Listings in NOVEMBER 2018
+ Past Six-Month Trends, Home Price Index, and More

This Report gives you an in-depth look into the housing market in West Alderwood,
with charts and analysis, plus up-to-the minute statistics based on all the homes
currently for sale and sold in West Alderwood over the last six months. Enjoy!

West Alderwood House Prices Report
Courtesy of Mark Gaudet Sales Representative

Right At Home Realty Inc Brokerage
416-551-6847 [email protected]

WEST ALDERWOOD HOUSE PRICES REPORT

Ten

homes
currently
for sale

NOVEMBER One
2018
"Holding Back
Offers"

Two

Sold
conditional

Is More Information Better

West Alderwood, Nov. 2018 ~ You will notice The funny thing is, this information has always
a new feature in this month’s Report on West been available to anyone willing to visit the Land
Alderwood House Prices. In the past we’ve been Registry Office. Or, (if you were super brave!) by
subject to rules which prevent publishing the contacting any number of real estate agents for
sold price and full address of a property. We’ve the information. Those options are still available,
been able to show you the sold price and the but now it’s possible to get sold prices online (if
street name, but not the house number. you provide your name and contact info). Or
here, in your favourite House Prices Report!
This detail may or may not be important to you.
But the change is the result of a court battle Although the sale numbers still need to be
conducted by the anti-competition bureau. assessed and interpreted to be useful, in
Contrary to media reports, the case was principle, this development benefits buyers and
sparked, not by consumers demanding the sellers because experience shows that informed
information, but by a Realtor who wanted to consumers make wiser decisions.
publish sold data to benefit his own business.
Unfortunately, the ruling has also left some
GUARANTEED SALE PRICING buyers and sellers concerned that information
To get a Free Pin-Point Analysis of your West formerly private is now on public display. Going
Alderwood House including a Room-By-Room forward there is a way to suppress the sold
price/address. That’s a topic for a future issue.
Review, just call 1-855-781-8881, Ext. 32
for a 24-hour free recorded message. ~Mark Gaudet

NOVEMBER 2018 REPORT ON
WEST ALDERWOOD HOUSE PRICES

Average Selling Price

$1,050,244 $1,025,938
Sept '18 Oct '18

OCT 2018 vs OCT 2017

Homes Sold Oct '18: Days On Market
Home Prices $1,025,938
Oct '18: 8 Oct '18: 9
Oct '17: 9 Oct '17: Oct '17: 25
$795,889

OCT 2018 vs SEPT 2018

Homes Sold Oct '18 Days on Market Sept '18: 9
Home Prices $1,025,938 Aug '18: 10
Oct '18: 8
Sept '18: 9 Sept '18:
$1,050,244

WEST ALDERWOOD HOUSE PRICES REPORT

West Alderwood – 6 Month SOLD data
(May '18 Thru Oct '18)

S TREET Date Sold List price Sold price % Diff Style Beds & Days on
Baths Market
8 Westleigh May 17 $849k $872k 103 Bungalow
53 Mitcham May 21 $1.2m $1.15m 93 Bungalow 2/1 3
27 Westleigh May 25 $859k $870k 101 1.5 Storey 3/2 19
2 Foch May 29 $699k $730k 104 1.5 Storey 3/2 16
9 Hargrove May 29 $900k $921k 102 Bungalow 3/1 8
17 Helsby Jun 4 $889k $840k 94 Bungalow 3+2/2 5
25 Alcan Jun 15 $1.49m $1.46m 98 2-Storey 3/1 19
8 Thames Jun 18 $850k $830k 98 1.5 Storey 4+1/4 15
27 Hargrove June 25 $850k $845k 99 Bungalow 2/1 6
11 Norfolk July 6 $799k $800k 100 Bungalow 3+1/2 7
619 Evans July 12 $754k $740k 98 3-Sty(town) 2/1 15
37 Delma July 18 $950k $885k 93 2-Storey 3/3 7
17 Dunning Aug 8 $1.07m $1.07m 100 Bungalow 2+1/2 40
17 Norfolk Aug 14 $829k 101 1.5 Storey 2+1/2 8
15 Norfolk Aug 22 $849k 840k 106 1.5 Storey 2/1 6
51 Westhead Aug 27 $879k $903k 97 Bungalow 2/2 7
76 Roseland Sept 05 $769k $850k 100 Bungalow 3/2 20
20 Delma Sept 10 $899k $769k 109 Bungalow 2/1 15
22 Woodbury Sept 12 $799k $982k 100 2-Storey 3/2 6
62 Woodbury Sept 12 $969k $801k 100 2-Storey 3/2 2
31 Westhead Sept 14 $1.498m $969k 99 2-Storey 4/2 2
20 Albright Sept 18 $1.860m $1.458m 98 2-Storey 4/4 16
23 Savona Sept 19 $890k $1.820m 98 Bungalow 4+2/5 14
7B Lloyd George Sept 23 $980k $880k 100 2-Storey 3+1/2 13
619 Evans Sept 30 $799k $980k 98 3-Storey 3/4 4
4 Forty Third Oct 1 $800k $765k 97 Bungalow 3/3 13
30 Albright Oct 2 $700k $775k 116 1.5 Storey 2+1/1 3
619 Evans Oct 2 $739k $815k 100 3-Storey 4+2 7
19 Gair Oct 2 $820k $739k 98 Bungalow 3/3 6
15BOwen Oct 17 $1.30m $802k 102 2-Storey 3/2 1
74 Gort Oct 24 $1.068m $1.32m 103 1.5 Storey 3/4 6
8 Bisset Oct 27 $1.328m $1.100m 104 2-Storey 3/2 2
$1.380m 5/4 46

PREVIOUS SIX MONTHS MARKET ACTIVITY

May. '18 - Oct. '18 Sold Statistics and Counts

1,000,000 list price original price sold price House Type
950,000 Row/Twnhouse - 3
900,000 average median mode Detached - 27
850,000 Semi-Detached - 2
800,000 Monthly Sold Prices - Avg, Highest & Lowest
750,000 May 2018 thru Oct 2018 House Style
1 1/2 Storey - 7
2000000 2-Storey - 9
1500000 2 1/2 Storey - 0
3-Storey - 3
Backsplit - 0
Bungalow - 13

Past 6 months of average,
lowest and highest
prices. The presence (or
absence) of newer, rebuilt
houses has a significant
effect.

1000000

500000

0 June July Aug Sept Oct
May Low Price

Avg Sold Price High Price

Looking at six- Comparing 6-Month range of
month trends average sold Prices
from last year to
this year. (Apr'17 thru Sept '17) VS (Apr '18 thru Sept '18)

2017 2018

983972 931022 951270 926139 887,659
965401 930282 924,277 947,557
892667
865118

Dec-May Jan-June Feb-July Mar-Aug Apr-Sept May-Oct

WEST ALDERWOOD REPORT

West Alderwood – Currently For Sale*

*Updated Nov 15, 2018,

West Alderwood – Sold in October

WEST ALDERWOOD HOUSE PRICES REPORT

WEST ALDERWOOD SALES-TO-LISTINGS
RATIO SHOWS A SELLER’S MARKET

Sales vs Inventory Seller’s Market
Absorption Rate over 22%
Sept 2018 Months of Inventory-under 4 months
Absorption Rate = 57%
Months of Inventory = 1.75 Buyer’s Market
Absorption Rate under 18%
Oct 2018 Months of Inventory - over 6 months
Absorption Rate = 50%
Months of Inventory = 2 Balanced Market
Absorption Rate 18% - 22%
Months of Inventory - 4-6 months

TORONTO REAL ESTATE BOARD
GTA NUMBER OF SALES AND AVERAGE SALE PRICES

West Alderwood House Prices Report
Courtesy of Mark Gaudet Sales Representative

Right At Home Realty Inc Brokerage
416-551-6847 [email protected]


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