Rob LePage, Broker | Jill Stewart, Broker
Call us at 416. 231. 3000

Market value trends in West Toronto

Prices in the real estate market rise and fall over time. As a result of low stable interest rates and vibrant economy, the Greater Toronto Area has been experiencing a "Sellers Market". Homes in the west end (w01) are currently selling on average in 28 days at 104% of their list price.

Market value

Is the highest price a property will bring if exposed for sale on the open market allowing a reasonable time to find a purchaser who buys with the knowledge of all the uses to which it is adapted and for which it is capable of being used.

Properly pricing

Will attract a greater number of potential buyers increases your chances for a quick sale and a better price.

Results of overpricing

Homes experience little activity. Gradually the price comes down but the initial response and enthusiasm may be lost. In decreasing markets you may also follow the market down as you reduce. High price homes are also not being exposed to the right buyers. You may hear response such as "it's too small". Translated - the buyers was expecting more for the price.

Role of the realtor

The realtor does not determine what your home is worth. The market determines value (solds, competition, trends and economic conditions). Together we determine the price.
 

<< Consequences of overpricing your home | Identifying potential buyers >>

Third generation. Fifty years of combined experience.
jillstewart@royallepage.ca
roblepage@sympatico.ca
t 416 231 3000  f 416 239 5493
Royal LePage Real Estate
Services Ltd., Brokerage
3031 Bloor St. W.
Toronto ON M8X 1C5
All Rights Reserved

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