1331 Glenanna Rd, Unit #27 - COMING SOON TO MLS

Location Location Location !!!!  Calling all First Time Home Buyers or Investors ... this 3 Bdrm. Condo Town is located in a Prime Pickering Location.  Minutes to transit, Pickering Town Centre and Restaurants.  Good size rooms with Eat in Kitchen.  Walk out to Fully Fenced yard with Composite Deck.  Garden Shed and more.  Check it out !!!  $529,900

To schedule a private viewing call Michelle Makos, Royal Heritage Realty at 416-300-3004

MARCH MADNESS - PRICES CONTINUE TO SOAR

I hope you are enjoying some nicer weather.  The market is much of the same.  Many lenders have come forward expressing some concern on the skyrocketing prices but with interest rates still low and the demand still there, house prices are soaring at a record pace.

A small glimpse from the March Market Report:



The change over year during a pandemic no less is absolutely unreal.  The 905 Market is almost doubled in sales from the 416 Market and they seems to be no end in sight .


We are seeing record sale prices.  The inventory is increasing in the Durham Region as well which has slowed the amount of multiple offers but they are still selling are record numbers.  

The Toronto Regional Real Estate Board (TRREB) says the average selling price jumped 21.6 per cent

in March, versus the same month last year, to $1,097,565.  How long can this last?  Your guess is now as good as mine.  I don't even know how they can possibility correct this without causing some people financial ruin.  It is like the train has left the station and it is full steam ahead.  

Something eventually will happen to put the brakes to this - numerous theories but that is all they are... guesses.  I have heard about Capital Gains Tax on your principal residence ( if valued over $1.4)... other things said we Capital Gains Tax is house was sold within a short period of time (ie. flip) even if your principal residence but these are all just speculations.  

Something will eventually slow this down.  Prices seems to be consistent.  The odd one here and there are sold below asking and some we are seeing not getting any offers and they are relisting it $100,000 higher... all kinds of crazy things happening.  Majority of offers are still firm with no conditions.  

Sales set a record for the third straight month with 15,652 homes changing hands, which is nearly twice as many as March 2020 when COVID-19 was first declared a pandemic and home sales dropped dramatically.  So clearly Covid isn't stopping the real estate market.  You can't go for a hair cut but you can looking at houses.  Who knew!!!

Now let me narrow it down for Durham Region - All Types - Average




Now for Detached Homes:




If you have any questions about buying or selling, I would be happy to assist you.  Just call, text or email.  Work with Realtors you have checked out.  Google Them!!!  I must say I appreciate all of your referrals and I feel blessed to have such great clients to work with both buying and selling.  I appreciate all your questions... Follow me on Twitter @REWoman for daily updates and also know that my live chat on my website now, lets you send me direct messages so if you see anything and have a question, reach out.  Together we can work to inform you with the details you need to make the best decisions.  

Have a great week everyone and stay safe !!! 
 

	Michelle Makos Broker Owner Royal Heritage Realty Ltd P: 905-831-2222M: 416-300-3004 A: 1029 Brock Rd Suite #200 E: michelle.makos@rogers.com FOLLOW ME ON TWITTER FOR LATEST UPDATES - @Rewoman CHECK OUT SOLD PRICES - www.DurhamSolds.ca/sold

 

1410 Crossing Court, Pickering

Simply Stunning Both Inside & Out ! This Gorgeous 4 bdrm. Brick Home is on a Quiet Cul de Sac in a Prime Brock Ridge location. With the luxury of a ravine in this tranquil treed backyard, it exudes Peace, Privacy & Nature. Hardwood flrs, Main Flr Den, Private D.R., Vinyl Clad Windows, Furnace & Air ('16), Roof Shingles ('12) S/S Appliances, Partially Finished Bsmt. and more. Nothing to do but enjoy. Close to French Immersion. Meticulously Maintained. Call Michelle Makos, Royal Heritage Realty Ltd., for more details or a private showing !! This one is a real beauty

2016 Trailwood Court, Pickering - JUST LISTED - $999,900

** JUST LISTED ** Prime Pickering Location - Ravine Lot - 4 Bdrm w/ I/G Pool & Hot Tub. Finished Basement with Pool Table. Close to Schools & 401/407. Quiet Cul de Sac, great for raising a family. $999,900 - Backyard is awesome!

January 2021 - RECORD HIGHS

January 2021 - RECORD HIGHS

September 2020 Market Report - Home Sales up 42.3% from same time last year !!!

 

September 2020 - Market Report - Toronto & GTA Housing Sales from Michelle Makos

Check out the current average sales prices for #Toronto, #Durham, #York Region and more.  These reports are insightful and interesting whether you are #selling or #buying a home.  

If you have any questions, contact me directly at 416-300-3004 .. Let's chat 

Whitby Townhouse For Sale - 34 Prospect Way

SOLD OVER ASKING !!  This fabulous 3 Bdrm 3 Bath Townhouse in Prime Whitby Location.  Huge Master, Open Concept, 9 Ft Ceilings on Main Floor, W/O to Backyard and Kitchen with Stainless Steel Appliances and Breakfast Bar.  Shows like New !!!  Check it out.  $589,900

593 Marksbury Rd., Pickering - SOLD OVER ASKING

SOLD OVER ASKING - Steps to the Shores of Lake Ontario ... Fabulous Opportunity for a Renovator, Contractor or someone looking to put in some TLC !!! This ideal home is surrounded by million dollar custom homes. It's being sold in "AS IS" condition. $699,900.... Excellent Opportunity for the right Buyer !!! 

34 PROSPECT WAY, Whitby - COMING SOON TO MLS

DEFERRING YOUR MORTGAGE DURING COVID-19 - READ THIS !

 If you have been deferring your mortgage during Covid-19 you better check your Credit Score.  To learn more about this - read this article - https://ca.finance.yahoo.com/news/why-anyone-deferred-mortgage-payments-140004697.html 

PICKERING AVERAGE DETACHED PRICE SOARS PAST $1,000,000

 Well there has been no end in sight.  Along with 2020 starting out Coronavirus and the businesses closing down to contain the virus, since Phase 2 the real estate market has been climbing leaps and bounds.  Pickering has not surpassed $1M for the average sale price for a detached home.  This is shocking for some and pleasant surprise for many of the home owners in Pickering, Ontario.  

Pickering is one of the closest cities to Toronto with many means of transportation - 401, GO Train, Buses, 407ETR and Go Buses so I am not surprised people have chosen to land here.  I have lived here 30 years and raised my family here.  This news comes are good news for many.  To read the recent article, see link below:

https://www.durhamregion.com/news-story/10133728--1-million-in-pickering-housing-market-strong-in-durham/?fbclid=iwar1jwmedngaq3lblg7aznw9hja9bv128a4quzypdsmakkihbr85

For those looking to buy, this may be a little shocking and the multiple offer situation is continuing out in Durham Region.  All the more reason to work with a seasoned agent that knows how to WIN in multiple offers, the do's and don'ts .

If you are thinking on selling your home, I would love to chat about what this market is doing and when and how to maximize the equity in your home and get the top selling price !!!

Call Michelle Makos, Royal Heritage Realty today at 416-300-3004.

It's worth the call.  :)  Cheers !