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When you make the important decision to buy or sell a home, we're committed to going the extra mile to ensure that all of your needs are successfully met in a professional and honest manner. For Service and Commitment, let us help guide you with your next purchase or sale.
MARKET UPDATE FOR THE WEEK ENDING JULY 24TH, 2020
The Ontario government has lifted the ban on public open houses effective today in regions entering Stage 3 and Toronto is expected to follow suit by the end of the month. But is this such a good idea? Will sellers allow them? And will buyers attend? And what about the safety of the Realtor? The topic has become a hot one among real estate agents. Many people would attend open houses as a pastime – even if they weren’t planning to buy right away. Open houses were just an easy way to see homes and sometimes viewed as an ineffective way of driving traffic to a property. So far business has been booming in Toronto and the surrounding regions with no open houses. Sales representatives can now market your home effectively using an array of technological tools that can be accessed easily by buyers. Virtual viewings are now mainstream, have increased in popularity and have a much wider audience reach. Statistics show that consumers using virtual tools are more likely to reach out to a Realtor. If agents had been unable to do business maybe open houses would be necessary, but agents and their clients have adapted to the new ways of doing business. Safety first!
Last week the freehold market recorded a solid 10% increase in new listings, and overall sales were up a whopping 40% from the previous week. Competition for homes is still strong with 63% of all properties selling at or above the list price While this is frustrating buyers across the 416 that same enthusiasm for home ownership is spreading throughout the province, all the way up to cottage country.
The condo market continues its positive activity. New listings did not change from the previous week, but sales jumped 40%, the largest jump in weeks. The percentage of suites selling at or above the list price is at 37%. The demand is picking up for condos again.
Bosley Real Estate Ltd. is a full service boutique brokerage operating in Toronto, Niagara-on-the-Lake, Port Hope and Cambridge Ontario since 1928. We have four centrally located offices and over 250 sales representatives selling and leasing homes and condominiums in all the vibrant communities we work in. Our brand is well recognized internationally thanks to our unique affiliation with Leading Real Estate Companies of the World. Our sales teams meet weekly to discuss market conditions, trending topics, and anecdotes that more accurately reflect the true temperature of the real estate market.
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Buying a home is the largest financial transaction most people will ever make. With our expertise we will help guide you through all the obstacles during this difficult decision.
For Buyers
When buying your house, this will no doubt be one of the largest financial transaction most people will ever make. With our expertise we will help guide you through all the obstacles during this difficult decision.
For Sellers
When selling your house, our goal is to sell your property at top market value, quickly and painlessly. See how we can help get you more. When you make the important decision to sell a home, we are committed to going the extra mile.
