December 2009
December sales across the GTA showed a 17% increase over the same month of 2008. Overall in 2009, home prices increased by 4%.
The average time it took to sell a home continued to stay brisk at an average of 27 days, contributing the trend of low inventory of homes in Brampton.
In December of 2009, Brampton had only 849 active listings on the market, 517 of which were new listings. There were 502 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: $330,180
Median sale price: $315,250
Average number of days it took to sell a property: 26 days
Average % of listing price a property sold for: 98% of asking price
Detached Homes
Number of properties sold: 180
Average sale price: $374,110
Median sale price: $359,500
Average % of listing price a property sold for: 98% of asking price
Semi-Detached Homes
Number of properties sold: 60
Average sale price: $283,292
Median sale price: $285,450
Average % of listing price a property sold for: 99% of asking price
Condo Apartment
Number of properties sold: 5
Average sale price: $200,300
Median sale price: $205,000
Average % of listing price a property sold for: 97% of asking price
Condo Townhouse
Number of properties sold: 22
Average sale price: $209,345
Median sale price: $203,500
Average % of listing price a property sold for: 98% of asking price
Attached/Row/Townhouse
Number of properties sold: 32
Average sale price: $275,361
Median sale price: $266,000
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: $341,958
Median sale price: $333,000
Average number of days it took to sell a property: 27 days
Average % of listing price a property sold for: 97% of asking price
Detached Homes
Number of properties sold: 103
Average sale price: $434,451
Median sale price: $428,000
Average % of listing price a property sold for: 98% of asking price
Semi-Detached Homes
Number of properties sold: 32
Average sale price: $306,153
Median sale price: $301,750
Average % of listing price a property sold for: 98% of asking price
Condo Apartment
Number of properties sold: 27
Average sale price: $165,541
Median sale price: $156,600
Average % of listing price a property sold for: 96% of asking price
Condo Townhouse
Number of properties sold: 18
Average sale price: $187,3725
Median sale price: $182,500
Average % of listing price a property sold for: 96% of asking price
Attached/Row/Townhouse
Number of properties sold: 18
Average sale price: $294,967
Median sale price: $293,250
Average % of listing price a property sold for: 98% of asking price
Seasons greetings, everyone!
As the holiday season is now upon us, despite the fact that we’ve still yet to see snow, you might be dreading all the cash you’ll soon be dropping on gifts for your friends and family. And if you’re planning on selling your house this winter, what makes matters worse is thinking about all the real estate commissions you’ll be paying.
So for a limited time, I’ll be taking all listings at 1% commission for the listing side. As usual, you’ll still have to pay 2.5% to the buyers side. However, if I sell the house myself to my own clients or from this blog, you’ll be paying only 1% in total.
Although you’ll be paying substantially less real estate commissions, you’ll still be getting full MLS service. Here’s what you’ll be getting for 1% commission:
- Full MLS service, meaning your home gets listed on Realtor.ca (formerly MLS.ca)
- Exposure of your home on the 1st page of Google
- A full article written about your home that will be featured here on the Brampton Real Estate Blog
- Stunning photography of your home that beats over 95% of the typical horrible pictures you see on other listings
- Advertising on several newspapers, websites (including Kijiji, Craigslist, and eShazoom), inter-office postings, and mailings
- An easy-exit promise, which means if at anytime you’re unhappy and wish to cancel, it’s no questions asked and absolutely no cost or fees
Give me a call at 905-268-1000 and ask for Lang, and I’ll be glad to help you sell your home quickly and for the highest possible price.
All the best,
Lang
So maybe you’re thinking of selling your home soon, but your friends are telling you to wait until the spring time to take advantage of the spring market. After all, wouldn’t it be better to sell in a busy market rather than through the quieter winter months?
Not necessarily.
Here are some great reasons why you should be selling your house now instead of waiting for the spring.
- People buy and sell homes all throughout the year. Not listing your house now means you’re losing out on potential buyers who are looking to buy a home right away.
- Due to the colder weather and occasional snow storms, you’ll get a lot less casual buyers wasting your time. Buyers who are braving bad weather are much more serious.
- There are less houses on the market, which means less competition for you.
If you’ve decided you’re ready to sell in the winter, here are some tips for getting your house sold!
- Make sure your windows are clean – Windows tend to get dusty and covered with snow. Cleaning your windows and pulling back the curtains lets in sunlight to brighten up your rooms.
- Make ample use of warm lighting and lamps – Cheer your home buyers up with warm, inviting lighting in every room. Winter days tend to be darker, so make sure every room is well lit. Get extra table lamps if you need to add a dash of lighting in any corner. Why not turn on the fireplace as well?
- Clear snow and ice away from the sidewalk and driveway – Show your buyers that your home is well maintained and that you’re expecting them.
- Add a little holiday spirit with some outside staging - Adding wreaths or tasteful holiday decorations always brings festive spirits.
Most of all, make sure you hire a reliable real estate agent that doesn’t disappear for the holidays. If you’re thinking of selling your home in Brampton, don’t forget to give me a call and let me handle the sale while you can enjoy the holiday season. Just call 905-268-1000 and ask for Lang.
Happy holidays!
Lang
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Hi everyone.
I have a very lovely and recently renovated semi-detached home on a quiet street in the Heartlake area of Brampton. It’s a 3 bedroom, 3 bathroom home in a great neighbourhood with fantastic neighbours.
The home has been freshly painted and has a myriad of recent renovations. Among them:
- a new sun deck that walks out from the master bedroom and sits over the garage
- new kitchen ceramic tiles
- new vinyl siding and high end eavestroughs
- new windows
- new driveway
- newer appliances
- new living room carpet
- recently replaced roof
A great feature of this particular home is that it’s wrapped in 3/4 insulation, which saves you money on heating costs. All the appliances come with the house, as well as the electrical light fixtures and window coverings.
We are currently asking $280,000. If you would like more information on this home, or would like to book an appointment to see it, please leave me a comment after this post.
July 2009
July 2009 continued to post record sales, carrying on the surge of transactions from June. Compared to the same time last year, July 2009 reported 9,967 sales, up 28%. The average price per transaction went up 6% from July of last year. It’s official – last month was the busiest July on record!
The average time it took to sell a home also dropped by 3-4 days in Brampton. Homes are selling faster!
In July of 2009, Brampton had 1,530 active listings on the market, 1,184 of which were new listings. There were 898 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: $325,486
Median sale price: $313,000
Average number of days it took to sell a property: 30 days
Average % of listing price a property sold for: 98% of asking price
Detached Homes
Number of properties sold: 332
Average sale price: $362,038
Median sale price: $350,000
Average % of listing price a property sold for: 98% of asking price
Semi-Detached Homes
Number of properties sold: 107
Average sale price: $283,369
Median sale price: $285,000
Average % of listing price a property sold for: 98% of asking price
Condo Apartment
Number of properties sold: 12
Average sale price: $201,117
Median sale price: $200,000
Average % of listing price a property sold for: 96% of asking price
Condo Townhouse
Number of properties sold: 37
Average sale price: $230,527
Median sale price: $240,000
Average % of listing price a property sold for: 97% of asking price
Attached/Row/Townhouse
Number of properties sold: 47
Average sale price: $269,682
Median sale price: $264,750
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: $334,200
Median sale price: $320,000
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: 195
Average sale price: $409,015
Median sale price: $408,000
Average % of listing price a property sold for: 97% of asking price
Semi-Detached Homes
Number of properties sold: 77
Average sale price: $289,936
Median sale price: $287,000
Average % of listing price a property sold for: 98% of asking price
Condo Apartment
Number of properties sold: 30
Average sale price: $152,267
Median sale price: $144,250
Average % of listing price a property sold for: 96% of asking price
Condo Townhouse
Number of properties sold: 31
Average sale price: $187,258
Median sale price: $183,500
Average % of listing price a property sold for: 97% of asking price
Attached/Row/Townhouse
Number of properties sold: 24
Average sale price: $279,325
Median sale price: $278,000
Average % of listing price a property sold for: 98% of asking price
Hi everyone.
I just wanted to post a new listing I have available in the prestigious downtown core of Brampton. Nestled in a quiet neighbourhood within minutes of walking distance to Gage Park and City Hall, this is a 3 bedroom, 2 bathroom renovated bungalow. As you can tell from the pictures, there is a newly added front patio. The house was originally a 4 bedroom home, but it can easily be converted back.
The house sits on a large lot with a spacious backyard that is perfect for gardeners. The main washroom is newly renovated, and the home features new countertops, Italian ceramics, hardwood floors, crown moulding, and a stone patio set in the backyard. The roof was also recently re-shingled.
The basement is partially finished and offers a recreation room, an extra bedroom, and another washroom for convenience.
This house is in a fantastic location, close to a ravine, Shoppers World, City Hall, Gage Park, downtown Brampton, buses, and more. The great thing about this home is that you’ll have peace of mind living in an extremely well-established and quiet neighbourhood, and best of all… all the neighbours around are great people.
If you’d like to know more about this property, please leave a comment here and I will be sure to send you more information!
June 2009
June of 2009 was a great indication of just how strong the real estate market has bounced back from the lows of a few months ago. June proved to be the BEST JUNE ON RECORD, showing increased sales by 27% over June of 2008. The average price for homes in the Greater Toronto Area increased by 2% over the same time last year. Sales are increasing, and inventory is declining.
In June of 2009, Brampton had 1,681 active listings on the market, 1,222 of which were new listings. There were 901 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: $322,801
Median sale price: $309,000
Average number of days it took to sell a property: 33 days
Average % of listing price a property sold for: 98% of asking price
Detached Homes
Number of properties sold: 345
Average sale price: $356,205
Median sale price: $345,000
Average % of listing price a property sold for: 97% of asking price
Semi-Detached Homes
Number of properties sold: 104
Average sale price: $278,140
Median sale price: $281,000
Average % of listing price a property sold for: 98% of asking price
Condo Apartment
Number of properties sold: 11
Average sale price: $202,000
Median sale price: $199,000
Average % of listing price a property sold for: 97% of asking price
Condo Townhouse
Number of properties sold: 27
Average sale price: $229,363
Median sale price: $237,000
Average % of listing price a property sold for: 97% of asking price
Attached/Row/Townhouse
Number of properties sold: 50
Average sale price: $262,965
Median sale price: $262,250
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: $344,010
Median sale price: $320,250
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: 205
Average sale price: $413,314
Median sale price: $407,500
Average % of listing price a property sold for: 97% of asking price
Semi-Detached Homes
Number of properties sold: 61
Average sale price: $294,284
Median sale price: $291,001
Average % of listing price a property sold for: 97% of asking price
Condo Apartment
Number of properties sold: 31
Average sale price: $172,142
Median sale price: $171,000
Average % of listing price a property sold for: 96% of asking price
Condo Townhouse
Number of properties sold: 26
Average sale price: $201,115
Median sale price: $194,500
Average % of listing price a property sold for: 96% of asking price
Attached/Row/Townhouse
Number of properties sold: 32
Average sale price: $278,672
Median sale price: $274,750
Average % of listing price a property sold for: 97% of asking price
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
Thanks for the advice, and added to that during this season it seems that money are easily coming.