Jun

23

How did the Brampton real estate market do in May 2009?

Filed Under Brampton, Buy, Condos, Homes, Real Estate, Sell, Stats And Reports | Leave a Comment 

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May 2009

May proved to be an extremely busy month, with sales up almost two percent compared to May of 2008.  The average price for May transacations was down less than one percent compared to the same month last year.  With recent low mortgage rates, buyers are flocking to listings.  Inventory has begun to decline with so many recent transactions, causing prices to move up.

The average time it takes to sell a home in Brampton has also dropped between 1-4 days, depending on the district.

In May of 2009, Brampton had 1,891 active listings on the market, 1,178 of which were new listings. There were 790 recorded sales in this month. Here is the break down according to areas in Brampton.

W23 (Any area in Brampton west of Highway 410)

Overall
Average sale price: $322,353
Median sale price: $304,500
Average number of days it took to sell a property: 33 days
Average % of listing price a property sold for: 97% of asking price

Detached Homes
Number of properties sold: 305
Average sale price: $354,626
Median sale price: $342,000
Average % of listing price a property sold for: 97% of asking price

Semi-Detached Homes
Number of properties sold: 89
Average sale price: $280,099
Median sale price: $286,000
Average % of listing price a property sold for: 97% of asking price

Condo Apartment
Number of properties sold: 14
Average sale price: $205,786
Median sale price: $203,500
Average % of listing price a property sold for: 96% of asking price

Condo Townhouse
Number of properties sold: 17
Average sale price: $218,088
Median sale price: $228,500
Average % of listing price a property sold for: 98% of asking price

Attached/Row/Townhouse
Number of properties sold: 33
Average sale price: $248,485
Median sale price: $250,000
Average % of listing price a property sold for: 97% of asking price

W24 (Any area in Brampton east of Highway 410)

Overall
Average sale price: $328,185
Median sale price: $320,000
Average number of days it took to sell a property: 35 days
Average % of listing price a property sold for: 97% of asking price

Detached Homes
Number of properties sold: 181
Average sale price: $386,271
Median sale price: $385,000
Average % of listing price a property sold for: 97% of asking price

Semi-Detached Homes
Number of properties sold: 70
Average sale price: $296,485
Median sale price: $295,500
Average % of listing price a property sold for: 98% of asking price

Condo Apartment
Number of properties sold: 31
Average sale price: $169,181
Median sale price: $180,000
Average % of listing price a property sold for: 96% of asking price

Condo Townhouse
Number of properties sold: 20
Average sale price: $195,890
Median sale price: $189,750
Average % of listing price a property sold for: 97% of asking price

Attached/Row/Townhouse
Number of properties sold: 23
Average sale price: $299,213
Median sale price: $305,000
Average % of listing price a property sold for: 97% of asking price

Popularity: 1% [?]

May

6

How did the Brampton real estate market do in April 2009?

Filed Under Brampton, Buy, Condos, Homes, Real Estate, Sell, Stats And Reports | Leave a Comment 

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April 2009

The real estate market in the Greater Toronto Area has continued to show positive gains in the month of April.  Sales remain only 7% down from April of last year when the market was still strong; however, the seasonally adjusted rate indicates an increase of 26% from the month of March.

The average price for April transactions was down only 3% from last year.  More houses are selling as inventory begins to decline!

In W23 (any area in Brampton west of Highway 410), the average days it took to sell a home dropped from 38 days to 34 days.  In contrast, homes in W24 actually saw an increase in days on the market from 37 to 39 days.

In April of 2009, Brampton had 2,108 active listings on the market, 1,252 of which were new listings. There were 714 recorded sales (up from 539 from March) in this month. Here is the break down according to areas in Brampton.

W23 (Any area in Brampton west of Highway 410)

Overall
Average sale price: $303,753
Median sale price: $300,000
Average number of days it took to sell a property: 34 days
Average % of listing price a property sold for: 97% of asking price

Detached Homes
Number of properties sold: 256
Average sale price: $336,076
Median sale price: $335,500
Average % of listing price a property sold for: 97% of asking price

Semi-Detached Homes
Number of properties sold: 109
Average sale price: $272,067
Median sale price: $270,000
Average % of listing price a property sold for: 98% of asking price

Condo Apartment
Number of properties sold: 11
Average sale price: $179,545
Median sale price: $185,500
Average % of listing price a property sold for: 95% of asking price

Condo Townhouse
Number of properties sold: 23
Average sale price: $223,117
Median sale price: $237,000
Average % of listing price a property sold for: 97% of asking price

Attached/Row/Townhouse
Number of properties sold: 35
Average sale price: $258,129
Median sale price: $255,000
Average % of listing price a property sold for: 97% of asking price

W24 (Any area in Brampton east of Highway 410)

Overall
Average sale price: $320,635
Median sale price: $307,500
Average number of days it took to sell a property: 39 days
Average % of listing price a property sold for: 96% of asking price

Detached Homes
Number of properties sold: 146
Average sale price: $382,757
Median sale price: $389,000
Average % of listing price a property sold for: 97% of asking price

Semi-Detached Homes
Number of properties sold: 62
Average sale price: $288,428
Median sale price: $295,650
Average % of listing price a property sold for: 97% of asking price

Condo Apartment
Number of properties sold: 19
Average sale price: $166,632
Median sale price: $175,000
Average % of listing price a property sold for: 96% of asking price

Condo Townhouse
Number of properties sold: 19
Average sale price: $182,395
Median sale price: $175,000
Average % of listing price a property sold for: 96% of asking price

Attached/Row/Townhouse
Number of properties sold: 29
Average sale price: $272,625
Median sale price: $273,000
Average % of listing price a property sold for: 97% of asking price

Popularity: 11% [?]

Apr

28

Brampton condo for sale near Bramalea City Centre

Filed Under Brampton, Buy, Condos, Photography, Real Estate, Sell | 2 Comments 

Hi everyone.  I just picked up a listing for a gorgeous 2 bedroom + 1 solarium condo near Bramalea City Centre in Brampton.  The building is very well maintained, and comes with a host of amenities (including an exercise room, recreation room, sauna, tennis court, outdoor pool, and 24 hour concierge).  Being right across the street from the mall, it’s also a walk to the Go Bus, Brampton Transit, Chinguacousy Park, and literally a minute drive from Highway 410.

The condo itself features laminate hardwood in the combined living/dining room, an open concept kitchen with ceramic tiles, and a very bright and spacious solarium that can be used as a third bedroom or a home office.

If you’re interested in seeing this property or would like further details, please let me know! :)

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Popularity: 15% [?]

Apr

6

How did the Brampton real estate market do in March 2009?

Filed Under Brampton, Buy, Condos, Homes, Real Estate, Sell, Stats And Reports | 2 Comments 

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March 2009

The real estate market showed very positive results for the month of March.  In comparison to March of last year, sales were only down 7% which represents the smallest year-to-year decline since the economy showed signs of trouble in the fall.  In fact, the average sale price in the GTA last month compared to March of 2008 was down less than only 5%.  The real estate market is showing strong signs of activity and is doing quite well in light of the economic downturn.

The average number of days it takes to sell a home in Brampton has also dropped.  Things are looking up!

In March of 2009, Brampton had 2,107 active listings on the market, 1,244 of which were new listings. There were 539 recorded sales in this month. Here is the break down according to areas in Brampton.

W23 (Any area in Brampton west of Highway 410)

Overall
Average sale price: $296,365
Median sale price: $279,000
Average number of days it took to sell a property: 38 days
Average % of listing price a property sold for: 97% of asking price

Detached Homes
Number of properties sold: 179
Average sale price: $336,280
Median sale price: $324,000
Average % of listing price a property sold for: 97% of asking price

Semi-Detached Homes
Number of properties sold: 82
Average sale price: $270,242
Median sale price: $270,000
Average % of listing price a property sold for: 97% of asking price

Condo Apartment
Number of properties sold: 17
Average sale price: $186,171
Median sale price: $184,000
Average % of listing price a property sold for: 96% of asking price

Condo Townhouse
Number of properties sold: 25
Average sale price: $215,040
Median sale price: $217,000
Average % of listing price a property sold for: 97% of asking price

Attached/Row/Townhouse
Number of properties sold: 21
Average sale price: $245,514
Median sale price: $247,500
Average % of listing price a property sold for: 96% of asking price

W24 (Any area in Brampton east of Highway 410)

Overall
Average sale price: $321,535
Median sale price: $302,000
Average number of days it took to sell a property: 37 days
Average % of listing price a property sold for: 97% of asking price

Detached Homes
Number of properties sold: 111
Average sale price: $400,053
Median sale price: $380,000
Average % of listing price a property sold for: 97% of asking price

Semi-Detached Homes
Number of properties sold: 34
Average sale price: $286,807
Median sale price: $299,000
Average % of listing price a property sold for: 97% of asking price

Condo Apartment
Number of properties sold: 23
Average sale price: $157,183
Median sale price: $150,200
Average % of listing price a property sold for: 96% of asking price

Condo Townhouse
Number of properties sold: 21
Average sale price: $195,621
Median sale price: $198,000
Average % of listing price a property sold for: 96% of asking price

Attached/Row/Townhouse
Number of properties sold: 25
Average sale price: $277,120
Median sale price: $284,000
Average % of listing price a property sold for: 97% of asking price

Popularity: 16% [?]

Mar

26

The lowest mortage rates in recent memory

Filed Under Brampton, Buy, Condos, Homes, Real Estate, The Numbers | 2 Comments 

mortgage-rates

If you’re still sitting on the fence regarding whether it’s a good time to buy or not, here are the latest rates that I can get for you.  Now is absolutely the time to pick up a pre-approval and lock in.  Remember, your pre-approval rate will be guaranteed for 90 days, so even if the rates go up in April as anticipated, you’ll still be able to use these rates when it comes time to buy a home.

Contact me if you’re interested in getting these rates.

1 year fixed: 3.25%

3 year fixed: 3.75%

4 year fixed: 3.69%

5 year fixed: 3.89%

** UPDATE **

The 5 year rate is now 3.80%

Popularity: 17% [?]

Mar

25

Are you looking for power of sales in Brampton?

Filed Under Brampton, Buy, Condos, Homes, Real Estate | 22 Comments 

I‘ve been getting a lot of emails and inquiries regarding power of sales in Brampton.  The current market conditions have created an influx of power of sales listings, and it seems like many people are interested in looking for a bargain.  If you are interested in being included on my email list for power of sale listings in Brampton, please leave me a comment here with your price range and whether you are looking for a condo or a house, and I will set you up on the email list.

If you’re looking for power of sales in other areas of Toronto, leave me a comment with your criteria and let me see what I can do for you.

Popularity: 19% [?]

Mar

20

How can I buy a house with zero down payment?

Filed Under Brampton, Buy, Condos, Homes, Mortgages, Real Estate, The Numbers | 2 Comments 

0 down payment for mortgage

Lately, I’ve been getting some inquiries regarding the option of buying a house with no down payment.  In reality, there are no more ‘zero down’ mortgage programs available.  However, there is a program that exists that is very similar and that can help you purchase a property with no money as a down payment.

It’s called a free down payment mortgage, and essentially the bank offers to pay your 5% down payment on your behalf when you qualify for a 5 or 7 fixed year mortgage.  What will you need to qualify?

  1. An employment record of at least 1 year at your current job
  2. A credit score of at least 640

The current rate for a 5 year fixed zero down payment mortgage is 5.50%.

If you’d like more information on this program or would like to apply for a pre-approval, you’re welcome to contact me here.

Popularity: 19% [?]

Mar

11

How did the Brampton real estate market do in February 2009?

Filed Under Brampton, Buy, Homes, Real Estate, Sell, Stats And Reports | Leave a Comment 

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February 2009

The real estate market in Brampton saw a noticeable increase in activity last month.  What’s interesting is that average sale prices for homes in the W23 district (west of Highway 410) went up and the time it took to sell a home dropped from 49 days to 40.  In contrast, W24 (east of Highway 410) saw little change from the previous month.

In February of 2009, Brampton had 1,895 active listings on the market, 986 of which were new listings. There were 372 recorded sales in this month. Here is the break down according to areas in Brampton.

W23 (Any area in Brampton west of Highway 410)

Overall
Average sale price: $300,643
Median sale price: $287,250
Average number of days it took to sell a property: 40 days
Average % of listing price a property sold for: 97% of asking price

Detached Homes
Number of properties sold: 136
Average sale price: $330,694
Median sale price: $318,000
Average % of listing price a property sold for: 96% of asking price

Semi-Detached Homes
Number of properties sold: 49
Average sale price: $268,890
Median sale price: $268,000
Average % of listing price a property sold for: 97% of asking price

Condo Apartment
Number of properties sold: 5
Average sale price: $180,600
Median sale price: $180,000
Average % of listing price a property sold for: 95% of asking price

Condo Townhouse
Number of properties sold: 14
Average sale price: $232,139
Median sale price: $240,000
Average % of listing price a property sold for: 98% of asking price

Attached/Row/Townhouse
Number of properties sold: 19
Average sale price: $251,637
Median sale price: $245,000
Average % of listing price a property sold for: 98% of asking price

W24 (Any area in Brampton east of Highway 410)

Overall
Average sale price: $314,949
Median sale price: $311,000
Average number of days it took to sell a property: 43 days
Average % of listing price a property sold for: 96% of asking price

Detached Homes
Number of properties sold: 85
Average sale price: $370,333
Median sale price: $372,000
Average % of listing price a property sold for: 95% of asking price

Semi-Detached Homes
Number of properties sold: 30
Average sale price: $284,517
Median sale price: $277,500
Average % of listing price a property sold for: 96% of asking price

Condo Apartment
Number of properties sold: 12
Average sale price: $146,442
Median sale price: $147,950
Average % of listing price a property sold for: 98% of asking price

Condo Townhouse
Number of properties sold: 9
Average sale price: $190,333
Median sale price: $180,000
Average % of listing price a property sold for: 96% of asking price

Attached/Row/Townhouse
Number of properties sold: 12
Average sale price: $260,700
Median sale price: $277,500
Average % of listing price a property sold for: 96% of asking price

Popularity: 21% [?]

Mar

2

Real estate photography and how it sells your home faster

Filed Under Brampton, Buy, Condos, Homes, Photography, Real Estate, Sell | Leave a Comment 

I‘ve always placed a lot of importance on taking great photos of every listing I get.  With the advent of the internet and the popularity of MLS.ca, it’s crucial to have professional, wide angle pictures of your home to clearly illustrate the depth and features of each room.  And as MLS.ca currently only allows a maximum of 9 photos per listing, it’s critical to make a good first impression to get homebuyers interested in seeing your home in person.

If you’re hiring a realtor, make sure to insist on having them hire a professional photographer to have wide angle photos of your house taken.  Here is a great video I found on YouTube that shows you the striking difference between a regular point-and-shoot camera and a professional camera.

Popularity: 20% [?]

Feb

24

An executive Mattamy home for sale in Brampton

Filed Under Brampton, Buy, Homes, Photography, Real Estate, Sell | 8 Comments 

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Hey everyone!  I have a new listing in Brampton, close to Bovaird & Airport Road.  This home is 3313 square feet, including a 544 square foot an already finished walkout basement area.  The home has 4 bedrooms and sits on a HUGE, very private and fully fenced pie-shaped lot with wrought iron fencing in the front.

As you can tell by the pictures, the kitchen includes tall maple cabinets, granite counter tops with a triple sink, and a tumbled marble backsplash.  Other features include 9′ ceilings, decorative columns and arches, oak wood staircases, California shutters and pot lights thoughout the house.  The master ensuite has a glass shower and double sinks.  Many more upgrades are included as well.  The current listing price is $495,000.

If you’re interested in seeing this house, or would like more information, please contact me here!

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Popularity: 52% [?]

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