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๐๐๐๐! Here are the real estate market stats you need to know for April 2022 vs. 2021 home sales in Toronto, Mississauga, Oakville, Burlington
โฃโฃ๐๐ซ๐๐ง๐ฌ๐๐๐ญ๐ข๐จ๐งย ๐ฏ๐จ๐ฅ๐ฎ๐ฆ๐ย ๐๐จ๐ฐ๐งย ๐จ๐งย ๐ย ๐ฆ๐จ๐ง๐ญ๐ก๐ฅ๐ฒย ๐๐ง๐ย ๐๐ง๐ง๐ฎ๐๐ฅย ๐๐๐ฌ๐ข๐ฌ,ย ๐ก๐จ๐ฐ๐๐ฏ๐๐ซย ๐๐ฏ๐๐ซ๐๐ ๐ย ๐ก๐จ๐ฆ๐ย ๐ฉ๐ซ๐ข๐๐๐ฌย ๐๐ซ๐ย ๐ฎ๐ฉย ๐ฒ๐๐๐ซย ๐จ๐ฏ๐๐ซย ๐ฒ๐๐๐ซ.
โฃWeโve experienced a slow down in selling activity and itโs contributed to a few factors:
ย Higher borrowing costs have some Buyers taking a pause from their home search to see if the market will adjust/prices soften.
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What we are seeing is that even though there is more abundant inventory, many are homes that are not presented well, not as desirable in terms of the overall style, finishes, state of repair, etc.
๐๐ย ๐ฎ๐ค๐ชโ๐ง๐ย ๐ย ๐๐๐ก๐ก๐๐งย ๐๐ฉโ๐จย ๐๐ง๐๐ฉ๐๐๐๐กย ๐ฉ๐คย ๐๐ฃ๐จ๐ช๐ง๐ย ๐ฎ๐ค๐ช๐งย ๐๐ค๐ข๐ย ๐๐จย ๐ฅ๐ค๐จ๐๐ฉ๐๐ค๐ฃ๐๐ย ๐ฉ๐คย ๐๐ย ๐ฉ๐๐ย ๐๐ก๐๐๐งย ๐๐๐ค๐๐๐ย ๐ฉ๐คย ๐๐ฉ๐ฉ๐ง๐๐๐ฉย ๐ย ๐ฝ๐ช๐ฎ๐๐ง‘๐จย ๐๐ฃ๐ฉ๐๐ง๐๐จ๐ฉย – invest in making it more appealing in terms of current aesthetics, and be sure to set it apart from the rest with home staging, superior marketing and presentation.
Have a realistic expectation on price. The list price strategy should reflect whatโs happening at this time, not where the market was in January/February 2022.ย
๐ง๐ต๐ฒย ๐๐ถ๐น๐๐ฒ๐ฟย ๐น๐ถ๐ป๐ถ๐ป๐ดย ๐ถ๐ย ๐๐ต๐ฎ๐ย ๐ต๐ผ๐บ๐ฒย ๐๐ฎ๐น๐๐ฒ๐ย ๐ฎ๐ฟ๐ฒย ๐๐ฝย ๐๐ฒ๐ฎ๐ฟย ๐ผ๐๐ฒ๐ฟย ๐๐ฒ๐ฎ๐ฟย – so letโs not get caught up in gloom and doom because the sales volume is down.
We are going back to a more balanced market, which is nothing to be afraid of. Homes may take longer to sell, yes. Whatโs most important is selling for what todayโs top dollar would be and to attract a solid, qualified Buyer to ensure a smooth closing.
โฃView the full details of each area within our update
Whether youโre considering buying or selling itโs important to have a knowledgeable Realtor on your side to help navigate our current market conditions. โฃ
โฃGet in touch anytime and letโs chat about your goals. โฃ
๐ช๐ฒย ๐๐ผ๐๐น๐ฑย ๐น๐ผ๐๐ฒย ๐๐ผย ๐ต๐ฒ๐น๐ฝย ๐ฎ๐ป๐ฑย ๐ฎ๐ฟ๐ฒย ๐ณ๐ผ๐ฐ๐๐๐ฒ๐ฑย ๐ผ๐ปย ๐๐ผ๐๐ฟย ๐๐๐ฐ๐ฐ๐ฒ๐๐!โฃโฃ
Toronto Real Estate Market
Mississauga Real Estate Market
Oakville Real Estate Market
Burlington Real Estate Market

