• Quick Stats For Brampton

  
  Sales Activity: May, 2008
  
  - How many properties sold in May? 827.
  - What was the average sale price of a home in May? $319,455.
  - What was the average sale price of a detached home in May? $369,739.
  - What was the average sale price of a semi-detached home in May? $291,111.
  - What was the average sale price of a freehold townhouse in May? $274,338.
  - What was the average sale price of a condo apartment in May? $186,744.
  - What was the average sale price of a condo townhouse in May? $209,822.

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If you’re looking for a quaint home in the Heart Lake area, this home may be perfect for you.  Nestled behind the beautiful foilage of Heart Lake Conservation park, this home offers a spacious open-concept layout with 3 bedrooms in a family-oriented neighbourhood.  The neighbours are all fantastic!  The large basement is finished and features a walk-out to a fenced, private backyard.

Because this is an older home, you’ll find the neighbourhood filled with lots of tall trees, and nature trails leading into Heart Lake are just steps away.  The home is minutes from highway 410 off of Sandalwood Parkway and very close to a large shopping plaza.  A recreation centre, the new hospital, and other convenient amenties are all near by.

There have been a number of recent upgrades to the home, and the sale includes all the appliances and window coverings.  This house is currently listed for $229,500 and won’t last long at this price.  It’s rare to find a beautiful home like this at a price this low in Brampton.  If you’re interested in this home and want to stop by and have a look, please feel free to contact me at the top of the page.  You can also drop in at our open house on June 22, 2008 between 12pm - 4pm.

Hope to talk to you soon!

** Update**

Thanks to Karen for pointing out that I forgot to include the address!  The address is 46 Barrington Crescent, and the main intersection is Sandalwood and Royal Palm.

Popularity: 11% [?]

There’s no doubt that MLS.ca has become one of the most often-accessed and useful websites in Canada. Last year alone, MLS.ca recorded over three million unique visitors a month. That is close to 10% of Canada’s population and a huge number of people who are searching for homes and condos for sale.  If you’re not familiar with what MLS.ca is, please read my previous article here.

On June 30th, MLS.ca will be replaced by realtor.ca, a new portal that will feature new graphics and new search features for web users. The old site will still be accessible but in time, it will slowly be phased out and replaced by the newer site. What are some of the features of realtor.ca?

• Interactive mapping provided by Microsoft Virtual Earth.
• More user-friendly search layout.
• Real estate related news.

The interactive mapping system has a ton of useful features and will radically change how you search and find a particular property. I invite you to give the website a spin when it launches.

Popularity: 18% [?]

Here are the latest numbers for the real estate market in Brampton for May 2008.  In comparison to last May where a record number of sales was set, May of 2008 was slightly less in the total number of sales.  However, detached homes saw a 3% increase in value and semi-detached homes increased 5% in value compared to sales from January to May of 2007.  Overall, the market remains healthy while inventory has increased slightly compared to last year, which bodes well for home buyers.

May 2008

In May of 2008, Brampton had 2726 active listings on the market, 1834 of which were new listings. There were 827 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: $312,254
Median sale price: $302,500
Average number of days it took to sell a property: 27 days
Average % of listing price a property sold for: 98% of asking price

Detached Homes
Number of properties sold: 268
Average sale price: $350,055
Median sale price: $342,000
Average % of listing price a property sold for: 98% of asking price

Semi-Detached Homes
Number of properties sold: 114
Average sale price: $285,325
Median sale price: $285,500
Average % of listing price a property sold for: 98% of asking price

Condo Apartment
Number of properties sold: 14
Average sale price: $213,879
Median sale price: $225,950
Average % of listing price a property sold for: 97% of asking price

Condo Townhouse
Number of properties sold: 37
Average sale price: $220,346
Median sale price: $226,000
Average % of listing price a property sold for: 98% of asking price

Attached/Row/Townhouse
Number of properties sold: 46
Average sale price: $262,623
Median sale price: $260,000
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: $326,656
Median sale price: $318,850
Average number of days it took to sell a property: 31 days
Average % of listing price a property sold for: 98% of asking price

Detached Homes
Number of properties sold: 182
Average sale price: $389,423
Median sale price: $388,000
Average % of listing price a property sold for: 98% of asking price

Semi-Detached Homes
Number of properties sold: 80
Average sale price: $296,896
Median sale price: $294,550
Average % of listing price a property sold for: 98% of asking price

Condo Apartment
Number of properties sold: 26
Average sale price: $159,608
Median sale price: $157,400
Average % of listing price a property sold for: 96% of asking price

Condo Townhouse
Number of properties sold: 31
Average sale price: $199,298
Median sale price: $191,000
Average % of listing price a property sold for: 97% of asking price

Attached/Row/Townhouse
Number of properties sold: 27
Average sale price: $286,052
Median sale price: $296,000
Average % of listing price a property sold for: 98% of asking price

Popularity: 20% [?]

Here are the latest numbers for the real estate market in Brampton for April 2008. Sales remain moderate throughout the GTA, but prices are still steadily rising.

April 2008

In April of 2008, Brampton had 2477 active listings on the market, 1857 of which were new listings. There were 852 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: $310,203
Median sale price: $302,000
Average number of days it took to sell a property: 28 days
Average % of listing price a property sold for: 98% of asking price

Detached Homes
Number of properties sold: 270
Average sale price: $344,372
Median sale price: $334,500
Average % of listing price a property sold for: 98% of asking price

Semi-Detached Homes
Number of properties sold: 113
Average sale price: $287,621
Median sale price: $291,000
Average % of listing price a property sold for: 98% of asking price

Condo Apartment
Number of properties sold: 17
Average sale price: $215,494
Median sale price: $219,000
Average % of listing price a property sold for: 98% of asking price

Condo Townhouse
Number of properties sold: 31
Average sale price: $226,439
Median sale price: $231,500
Average % of listing price a property sold for: 98% of asking price

Attached/Row/Townhouse
Number of properties sold: 51
Average sale price: $263,308
Median sale price: $256,000
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: $332,593
Median sale price: $323,000
Average number of days it took to sell a property: 29 days
Average % of listing price a property sold for: 98% of asking price

Detached Homes
Number of properties sold: 211
Average sale price: $395,516
Median sale price: $390,000
Average % of listing price a property sold for: 98% of asking price

Semi-Detached Homes
Number of properties sold: 62
Average sale price: $300,564
Median sale price: $301,500
Average % of listing price a property sold for: 98% of asking price

Condo Apartment
Number of properties sold: 26
Average sale price: $154,315
Median sale price: $143,350
Average % of listing price a property sold for: 97% of asking price

Condo Townhouse
Number of properties sold: 30
Average sale price: $169,833
Median sale price: $153,500
Average % of listing price a property sold for: 97% of asking price

Attached/Row/Townhouse
Number of properties sold: 25
Average sale price: $271,686
Median sale price: $277,000
Average % of listing price a property sold for: 98% of asking price

Popularity: 29% [?]

Condo apartments and condo townhouses are becoming increasingly popular in Brampton to accommodate the other spectrum of buyers that are not looking for large detached homes. If you’re in the process of buying a condo or am thinking of buying one in the near future, you will encounter something called a status certificate. What exactly is a status certificate and what does it do for you?

Every condominium complex is run by a management group. It’s this group’s responsibility to collect maintenance fees and oversee the maintenance and upkeep of the condominium complex. When you purchase a condo, your sale will likely be conditional upon the status certificate, which is a package of documents prepared by the management office. These documents will outline all the details of the condo complex, it’s rules and regulations, it’s financial status, how much money is in the reserve fund, what maintenance fees cover, the details of your unit, and much more.

Generally, the seller will order this certificate and pay for it on behalf of the buyer. A status certificate typically costs $100. The most important parts of the status certificate are those that pertain to your particular unit, how much money is in the reserve fund, and whether or not the condominium corporation predicts any changes to your monthly maintenance fee. A well run condo complex will have an excess of money in their reserve fund in case of emergency repairs or upgrades. A poorly run condo with little money in their reserve fund may require all residents to pay a special levy if something happens and large repairs are required to the complex. Your lawyer will be able to review the status certificate and tell you if the condominium is well managed.

Normally it takes between 5 - 10 days for a status certificate to be ordered, prepared, and delivered to the real estate agent. It’s important to carefully review the status certificate of any potential condo purchase, as it is a good indication of how well the complex is managed.

Popularity: 43% [?]

Here’s the scenario. You’ve decided it’s time to sell your home. After spending a good amount of time cleaning up your house, arranging furniture, and doing a little of your own staging, you’re ready to throw it on the market. You distinctly recall that the house down the street sold for $310,000. But that house didn’t have hardwood floors and a finished basement. Another one sold across the street for $315,000, but that house needs a new roof and the backyard is smaller than yours. So doing some quick calculations in your head, you feel that you could substantially get more for your home.

You decide to call 3 real estate salespeople to your house to interview them for their services. The first two use recent neighbourhood sales and current listings, and provide you with a selling price that really isn’t much more than what houses are selling for. You’re disappointed. You feel the house is worth much more, but these two people stick to their assessments.

The third agent arrives at your home and listens intently to what you say. After you outline all your upgrades and insist on a higher price, the real estate salesperson wholeheartedly agrees to your selling price and takes the listing on the spot. You’re excited because finally you’re able to sell the house at a price you feel is well deserved.

Unfortunately, you’ve just allowed your listing to be bought.

Some real estate salespeople take listings at any price for a number of reasons. They may currently have no activity going, or they intend to take the listing with the sole intent of talking you down to a lower selling price in the immediate future. They know your house will not sell for your asking price.

Understand that there are really only two ways to determine the value of a home: Subjectively and objectively. An objective price is based on current market conditions and recent neighbourhood sales. A subjective price is based on emotions and hearsay. It is of absolutely no benefit to a seller to list his home if it is overpriced. The home will sit on the market for an extended amount of time with little to now showings, and literally no chance of an offer. Why would any buyer view a home that is vastly overpriced in a neighbourhood that is offering comparable homes at significantly less?

If you do decide to list your home, listen carefully to the real estate salespeople that present you with their stats and how they determined the selling price of your home. Work with those that are both honest and realistic in their approach.  Don’t fall for agents that give you over-inflated prices only to appease you. It will only lead to disappointment down the road.

Popularity: 44% [?]

If you’re looking to buy a home in Lakelands Village, Brampton…. stop right there!  For most of you familiar with the Lakelands community, you’ll know that it’s an enclosed neighbourhood of stunning homes built around a man-made lake in a prime area of Brampton.  Aside from the close amenities and shopping, you’re also steps away from the Brampton Transit, Highway 410, and just a minute drive from Brampton’s new hospital.

That being said, Lakelands features a wide myriad of models to accommodate all types of buyers.  From cozy semi-detached homes to sprawling detached houses, there is a home for every type of buyer.  But regardless of the model or the style, most people move to Lakelands for that family-oriented community feeling.

This particular listing is the Balsam model with 4 bedrooms and 3 bathrooms, covering 2,450 square feet but feeling like so much more because of great use of usable space.  The house sits on a bend, providing all the benefits of a corner home with extra sunlight and a large front lawn, without the hassle of extra traffic and noise of typical corner lots.  What you’ll notice first when you step into this home is how much sunlight fills the main floor.  The home faces southwest, so the sun shines through throughout almost all of the day.  Every room is large and spacious to fit any family’s needs.  There is no carpet in this house!  The unique pie shaped lot provides a large backyward with a large fence for privacy, and best of all…. the neighbours are fantastic!

If you’re interested in this home, please feel free to contact me!

Popularity: 53% [?]

I had an opportunity to take some pictures of a new listing in the northwest end of Brampton yesterday. This semi-detached home is very bright and spacious, and you’ll notice that the entire house features neutral tones. The home has 3 bedrooms and 2 bathrooms, and one of the key selling points of this particular model is that the laundry room is up on the second floor. Best of all, their are no neighbours behind the backyard. Let me know if this house appeals to you and you’d like more information.

Popularity: 50% [?]

As you already know, I tend to specialize in real estate in the Brampton area. However, I took some photos of a new listing in Woodbridge and thought it would be great to post up anyways. This beautiful 3000 square foot detached home has 4 spacious bedrooms, of which the master bedroom has a large walk-in closet and a charming bathroom with a jacuzzi tub. You’ll notice in the pictures that there is a large kitchen with lots of room for a breakfast area and a pantry. The family room includes a marble gas fireplace and is already wired for home theaters.

Enjoy the pictures. If you want more info on this listing, just send me a note through my contact form.

In the meantime, I will be posting some pictures in the coming days of a new listing I have in Lakelands Village, Brampton. You’ll absolutely love this house, so stay tuned!

Popularity: 47% [?]

If you’re either thinking of selling or buying a home, you’ve probably talked to friends or real estate agents and everyone seems to be saying the same thing. Put your house on MLS! But what exactly is MLS and why the big fuss? No, it’s not Major League Soccer.

MLS stands for Multiple Listing Service. It is a website that is run by the Canadian Real Estate Association and can be found by simply visiting www.mls.ca. MLS.ca is a tool that realtors from around the country and on various real estate boards use to market properties that are for sale. How does this benefit you as a seller or a buyer?

As a seller, your home will be marketed on the largest real estate listings database in Canada and exposed to potential buyers from across the globe. To give you an idea of how many people visit MLS, there were approximately 2.86 million unique visitors in January 2008, according to Comscore stats. MLS.ca is absolutely the best place for buyers to search for a home. Homes can easily be found according to cities and the criteria that is selected during the search. Every property listed on MLS will have vital details on the property for sale, and most provide photos of the home as well. MLS will also let you quickly and easily locate a Realtor.

Once you become familiar with MLS.ca, you’ll note that each property for sale has it’s own code number, known as the MLS Number. This number is useful to keep handy if you’re working with a real estate salesperson. If you want to book appointments on any homes, all you have to do is give the corresponding MLS number to your real estate representative, and they can easily book a time for you to visit the home.

Almost all Realtors will provide you with full MLS access when you list your home. Be sure to ask! MLS is an absolute must-have when you’re selling your home.

Popularity: 52% [?]

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