Mario J. Reis ~ Broker At your service when you're ready to make your move

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June Real Estate Market Update For The GTA

So first, here’s my view about what is going on. In most areas and price ranges in Toronto, the market is tilted in the favour of sellers. It’s still a great time to buy a property as there are more homes for buyers to choose from now and the listings aren’t disappearing overnight. As a seller, there are advantages to selling now vs. the fall as there are still a good number of buyers out there this summer, and there will be likely more competition for those buyers in the fall when the inventory numbers jump.

Sales for the month of June should top 8,000 by the end of the month. Although that is less than last year, it is still a very healthy number and typical for a June in previous busy years in the past. Contrary to what the media is reporting, the number of homes for sale has actually dropped slightly to 24,965. The number that TREB reports will be even lower as there will be listings expire at the end of the month. I’ll predict the sales will continue at a pace close to this throughout the summer and the number of homes for sale will stay steady through to the end of August. We will most likely see a spike in the inventory numbers in the September.

The market conditions mean different things to different people. The key is getting the right advice. It’s more critical now than it has ever been. That’s where I come in. If you hear of anyone who needs my help, call me with their information or give them my number. I’ll work hard for them, navigate them through these market conditions and give them the “red carpet” treatment!

Thanks!
Mario J. Reis, Broker
Re/Max Hallmark Realty Ltd., Brokerage


Learn 10 simple steps to make more money in real estate.

Real Estate Workshop.

Your home is important from a buying and a future resale perspective. Come to this important workshop and learn 10 simple steps to buying and selling real estate which will maximize your financial well being.

Workshops are held at 245 Fairview Mall Drive, Suite #108 starting at 7:30 PM every Tuesday evening comencing January 5, 2010.

Registration is required as seating is limited to five individuals. E-mail or call me directly at (416) 644-0097 to reserve your seat.


Thank you for stopping by.

In today's competitive real estate market, timing is everything. Many good homes are sold before they are ever advertised. Beat other homebuyers to the hottest new homes for sale in Toronto with my New Listings Notification If you own real estate that you're thinking of selling, I would be happy to provide you with a FREE Home Evaluation.

Whether you are buying or selling a home, hire someone like me, who wants to earn your business. I invite you to contact me as I'd be happy to assist you with this important transaction.

In addition, if you have any general questions about buying or selling real estate in Toronto, please contact me as I'm more than willing to help.

Please browse my website for listings, reports and important local real estate information.

Sincerely,

Mario Reis
For Service! For Results! For Sure!

 

 


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