Susan Lancaster broker

Sawmill Finer
Homes
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Message from Susan Lancaster...
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Sawmill Finer Homes
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Susan Lancaster’s Real Estate Newsletter
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Your Sawmill Finer
Homes REALTOR®!
Prices strong, volume soft...
Considering Renovations?
[ see page 2 for details ]
Choosing the right renovation is important to increase net return on your investment. Consider these
4 renovations.
4. Flooring: Hardwood floors are timeless and durable. If hardwood is not in the budget,
laminate is an option. Flooring updates look fresh.
3. Hardware & Fixtures: Faucets, switch plates and drawer pulls can make a big impact.
Minor updates can improve a room and can equal big return.
2. Bathrooms: Seashell tiles and fuzzy toilets scream ‘reno time’. Most people say “spa-like”
when describing a bathroom, meaning soothing colours and modern materials.
1. Kitchens: Scary and expensive comes to mind. Kitchens can give you the biggest
investment return. It does not have to be pricey or custom, seek out alternatives.
Susan Lancaster Sawmill Finer Homes Market Watch
For detailed Sawmill Finer Homes statistics: SawmillFinerHomes.info
Latest 6 Month Recap of Solds October 1, 2012 - March 31, 2013
# sold
average price
low price
high price
days on
market
2 storey
2 bedroom
-
-
-
-
-
615,000
18
3 bedroom
1
615,000
615,000
4 bedroom
2
1,537,500
1,000,000
2,075,000
20
5 bedroom
2
1,547,500
1,330,000
1,765,000
8
2 bedroom
-
-
-
-
-
3 bedroom
-
-
-
-
-
2 bedroom
-
-
-
-
-
3 bedroom
-
-
-
-
-
Total
5
bungalow
broker
Royal LePage Real Estate Services Inc., Brokerage
5055 Plantation Place, Mississauga, ON L5M 6J3
townhouses
Call/Text
Office
416-573-2472
905-828-1122
www.LancasterTeamSellsHomes.com
Susan@LancasterLuxuryHomes.com
Accredited Buyer’s Representative, Canadian Staging Professional,
SRES Designation, Dynamic Agent
Susan Lancaster
broker
Call/Text 416-573-2472
Not intended to solicit buyers or sellers currently under contract with a brokerage. Statistics courtesy of the Toronto Real Estate
Board. Property values depend on factors besides housing type and number of bedrooms. Square footage, overall condition,
upgrades, lot size and specific location are some of the other key factors involved. Copyright © 2013 Mission Response Inc.
www.missionresponse.com 416-236-0543 All Rights Reserved. T1547 02
page 4
14
Susan@LancasterLuxuryHomes.com
May 2013
page 1
May 2013
SOLD
Prices strong, volume soft
www.3260Cajun.com
www.251Oakhill.com
The average price of a resale home in the GTA in March was $519,879 - which represented a
4% increase versus the March 2012 average price of $500,875. Price growth occurred across
all key market segments, as follows: single-detached homes (+4%), semi-detached homes
(+5%), townhomes (+5%) and condo apartments (+2%). The average price over the entire first
quarter of 2013 was $508,066 - which is up by slightly over 3% versus the first quarter of 2012.
Price growth continues to be more robust in the low-rise market segments where a lack of
supply remains an issue. The Toronto Real Estate Board’s full year price forecast remains at
$515,000 - which represents a 3.5% annual rate of growth.
Situated in prestigious Mineola West,
this custom build, million dollar home
has 6 bedrooms, all boasting ensuites,
finished basement with walk-out, wine
cellar and so much more. This home is
a dream come true!
GTA Average Resale Price
$540,000
2011
$520,000
2012
2013
FOR SALE
$500,000
$480,000
www.3260Cajun.com
$460,000
$440,000
$420,000
JAN
MAR
MAY
JUL
SEP
NOV
March witnessed a 17% decline in sales (7,765 transactions versus 9,385 in 2012). In the
first quarter of 2013, total sales were 17,678 - down by 14% as compared to the first quarter
of 2012. The major issues affecting volume continue to be stricter lending guidelines for
high-ratio borrowers, the additional upfront Land Transfer Tax in the city of Toronto and a
shortage of listings in the low rise market segments. Volume growth varied by market segment,
as follows: single-detached homes (-18%), semi-detached homes (-14%), townhomes (-15%)
and condo apartments (-18%). Home ownership remains affordable for a household earning
the average income in the GTA.
Over 4,400 square feet of luxurious
living space including 4 bedrooms,
4 baths, main level laundry, a newly
finished basement and more. This
home is an absolute delight with mature
landscaping and spacious backyard.
FOR SALE
www.59Mayor.com
GTA Resale Home Sales
12,000
2011
10,500
2012
2013
9,000
Custom built, 4 bedroom, 3 bath home
in peaceful neighbourhood of Pickering
Beach, Ajax. Superior level of finishing.
Unspoiled lower level just waiting for
your finishing touches.
7,500
6,000
4,500
3,000
1,500
JAN
page 2
MAR
MAY
JUL
SEP
NOV
May 2013
page 3
May 2013