My own rule of thumb is that starter home values represent the first 60 per
cent of homes sold, move up account for the next 25 per cent, and luxury homes represent the remaining 15 per cent.
November 2008 in Phoenix saw 53 per
cent of all homes sold were «distressed».
Not exact matches
The number
of Canadian
homes sold in March plunged 23 per
cent and the national average price was down 10 per
cent from the same month last year amid double - digit plunges in most housing markets across the country, according to the latest monthly sales data released Friday.
Homes priced above $ 1 million in Hamilton - Burlington saw a 55 per
cent drop to 59
homes sold at the start
of the year from 133 in 2017.
Detached
homes were
selling for more than $ 1.8 million in April before the province moved in to cool the market by implementing a 15 per
cent tax on foreign buyers and extending rent control rules, two
of 16 measures that were part
of its Fair Housing Plan.
Given that many
of these markets are more affordable, we are also seeing a higher share
of the flipped
homes sold to FHA buyers, with that share reaching a four - year high
of 19.6 per
cent in 2016.»
With 27 1/2 years
of helping great families find a property and now with two brokerages with more than 360 agents who happily help thousands
of people buy or
sell a
home, here is my two
cents.
The average
home or condo
sold for 12.4 per
cent less year over year in April with all types
of resale houses and condos averaging $ 804,584 across the region.
«Interestingly, 65 per
cent of soft drinks are consumed in the
home environment3, which is over five times the amount consumed in institutions such as high schools, given that soft drinks are not
sold in primary schools.
Once a rarity — representing between 3 and 4 per
cent —
homes sold through bidding wars tripled their market share during the real estate boom between 1995 and 2005, says the paper by two professors at the University
of Toronto's Rotman School
of Management.
Yet, when it comes to price, the discrepancy is vast, with
home brand milk
selling for about 60 per
cent of the price
of branded milk.
The average benchmark
selling price
of a single - family detached
home in the Greater Vancouver Area rose 11 per
cent to $ 1.49 million.
On Thursday, the Real Estate Board
of Greater Vancouver released figures showing a 41.9 per
cent plunge in
homes sold last month year - over-year.
The Real Estate Board
of Greater Vancouver said Tuesday the average detached
home in the region
sold for $ 1,532,242 in September, up from $ 1,470,265 a month ago, or 4.2 per
cent.
The average price for
homes sold, regardless
of type
of property, was $ 710,410, an increase
of 17.7 per
cent.
It surely annoyed the Toronto Real Estate Board, which on March 3 reported that the average
selling price
of a detached
home in the Greater Toronto Area was $ 1.2 million in February, a 32.5 per
cent increase from a year earlier.
While prices have surged, the number
of luxury detached
homes sold fell nearly 70 per
cent year - over-year in the first four months
of 2018, while luxury condo sales dropped about 28.1 per
cent compared to the first four months
of 2017.
I know it's too early to do any real analysis on the Monitronics purchase (Yes, for those
of you not following the fine print about Ascent Media, they are not only in the process
of selling all their operations, but also
of purchasing Monitronics International, a large
home security firm, from the private equity firm ABRY), but I'm going to provide my 2
cents anyway.
The size
of the resale market is tiny: about 10 per
cent of overall luxury goods — including clothing, handbags, accessories and
home furnishings, are
sold in the aftermarket — with about one per
cent of pre-worn goods
sold online, estimates Forrester Research's Sucharita Mulpuru.
The
home sold for 25 per
cent less than what John had paid just five months earlier, leading to hundreds
of thousands
of dollars in losses.
Who has given the greater benefit: someone whose average sale is at the average prices
of similar
homes recently
sold, or someone whose average sale is two per
cent, three per
cent or four per
cent above average?
Research conducted by the National Association
of Realtors says that open houses are responsible for
selling up to seven per
cent of all
homes.
Since energy use in the
home contributes to approximately 30 per
cent of individual carbon emissions, increasing efficiency in the
home presents an effective way to combat climate change, a factor that is a significant
selling point for environmentally aware buyers.
Consider this: The National Association
of Realtors (NAR) found that 85 per
cent of home sellers said they would recommend their real estate agent or use the same agent next time they need to buy or
sell.
Cimerman gives the example
of a Munich HomeLife office (a franchisee agency)
selling a
home for 500,000 Euros and earning a five per
cent commission
of 25,000 Euros.
She says, «We dominate the new
home industry — 25 per
cent of all new condos
sold in Ottawa are by my team.
Determine the average price
of the first 60 per
cent of homes that
sold as «starters», then the next 25 per
cent as «move - up» and then the last 15 per
cent as luxury.
He
sells homes and condominiums in the central Toronto market and is consistently ranked in the top one per
cent of all real estate salespeople in Toronto.
According to data from the Toronto Real Estate Board, during the last 12 months, 62 per
cent of individual (active) agents
sold six
homes or fewer.
In the $ 400,000 to $ 500,000 price range, 64 per
cent of homes with DSLR photos
sold within six months, compared to 46 per
cent of homes with point - and - shoot photos.
Mark Annable proudly proclaims that the «technology developed by his real estate company» gives independent sellers access to MLS, which
sells 85 per
cent of all
homes in his area, for peanuts so that they don't need to pay a «traditional Realtor».
Earlier this year, Realty Point had similar success when 90 per
cent of the detached
homes at Grand River Woods
sold out in two days.
Despite 87 per
cent of Ontarians indicating they feel they are knowledgeable about the process
of buying and
selling a
home, most still have significant financial concerns and anxieties around the process.
The international award had even more significance with his national record - setting achievements last year, when he was responsible for
selling 610
homes — beating his previous best
of 518
homes, by nearly 18 per
cent.
After five years and perhaps the strongest market ever seen in the GTA, less than five per
cent of homes are
sold this way.
It turns out 9.4 per
cent of folks who intend to
sell their own
home are doing it to save money.
The report says sales
of properties in the high - end
of the market in Winnipeg (
homes priced $ 300,000 +) have more than doubled to 168 units in the first six months
of 2005, compared with 81 units
sold during the same period in 2004 (+107 per
cent).
The average
selling price for transactions reported during the first 14 days
of May was $ 652,782.00 for all
home types combined — up by 10.7 per
cent compared to the first two weeks
of May 2014.
Detached
homes sold for an average price
of $ 519,507 for an increase
of 14.7 per
cent, while the average sale price for an apartment style condominium was $ 277,866 for an increase
of 13.9 per
cent.
A total
of 88,462
homes were
sold through the first 11 months
of 2014 up 6.6 per
cent from 2013.
That April figure was a drop
of 7.6
cent compared with March 2016, when an all - time high
of 5,173
homes were
sold in Greater Vancouver.
Detached
homes sold for an average price
of $ 554,857 an increase
of 10.7 per
cent compared to January
of last year.
Detached
homes sold for an average price
of $ 582,851 a decrease
of 0.1 per
cent compared to March
of last year.
The overall average
selling price, which is a total combined number for all real estate sale for all types
of homes reported
sold by Toronto area real estate agents in April 2015, was up by 10 per
cent year over year to $ 635,932.
In March, the 540 residential properties
sold through the Multiple Listing System (MLS ® System)
of the Kitchener - Waterloo Association
of REALTORS ® (KWAR), represented an increase
of 43.6 per
cent compared to last month and a decrease
of 25.8 per
cent compared to
home sales a year ago.
In the last twelve months, the average
selling price
of all housing types was up by 22.3 per
cent to $ 770,745, with dramatic increases in the average prices for all major
home types.
That compares to a 1.7 - per -
cent drop in sales nationally between March and April and a 10 - per -
cent increase in the number
of homes sold in Canada in the same period.
A total
of 2,505
homes (condominiums, attached and single family)
sold over $ 1 million marking a 19 per
cent increase over 2012.
Nationally, the number
of homes sold is expected to break through the half - million threshold in 2007, climbing 13 per
cent to an estimated 545,400 units, up from 483,770 units one year ago.
Year - to - date, the sales to listing ratio hovers at close to 60 per
cent, while
homes typically
sell within 30 to 32 days for an average
of 98 per
cent of list price.