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Location: North York – Between Yonge Street and Bayview Avenue, North of Highway 401.
Type – Bungalows
Use – Many North York bungalows are still livable, but many are being torn down and bought as vacant land to build custom homes. Many buy them as investments and rent them out.
Active Listings – click here -
Statistics
Statistics & Counts
| Field | Count | Mean (Average) |
Median | Mode | Low | High |
|---|---|---|---|---|---|---|
| List Price | 47 | $654,657 | $638,000 | $638,000 | $475,000 | $950,000 |
| Original Price | 47 | $666,174 | $649,000 | $728,000 | $475,000 | $950,000 |
| Sold Price | 0 | n / a | n / a | n / a | n / a | n / a |
| % List | 0 | n / a | n / a | n / a | n / a | n / a |
| Taxes | 41 | $3,811 | $3,727 | 3980.9 | $2,834.75 | $5,240.79 |
| Bedrooms | 46 | 3 | 3 | 3 | 2 | 4 |
| Washrooms | 47 | 2.4 | 2 | 2 | 1 | 7 |
| Days On Market | 0 | n / a | n / a | n / a | n / a | n / a |
Prices range from $475,000 to $950,000.
Premium streets can carry a 10% premium over the average price. Bungalows in the Mckee School District / Earl Haig School District are usually in higher demand and in turn command a higher price.
List or Buy your North York bungalow with Kirby Chan.
Kirby Chan
Sales Representative
Forest Hill Real Estate
info@kirbychan.com
www.KirbyChan.com
416.305.8008
By the way… I’m never too busy for your referrals.
The average GTA price in December 2008 was $361,415. During the same period last year, the Toronto MLS system recorded an average of $394,931, and in December of 2006 overall GTA prices averaged $336,217.
For December 2008 recorded sales were 2,577 down from 4,646 sales recorded during the same period last year. A 45% drop in sales.
FOR SELLERS
There was a 45% increase in active listings and 29% increase with Days on the Market. We are definitely in a buyers market now. But for Sellers, there is nothing to fear, because with my promotional plans your house will definitely perform above these averages. Even though values have dropped, the average prices have stabilized and still remain above 2006 numbers.
Contact me and I can help you sell your home at the maximum value using the full extraction method.
For 2008 as a whole, prices averaged $379,347, compared to the $376,236 recorded in 2007, and the $351,941 average recorded in 2006. Sales were 74,552, compared to the 93,193 recorded in 2007, and the 83,084 record during 2006.
FOR BUYERS
As the above chart shows, sale numbers have been steadily declining since Mid-2008 and the active listing supply is high. We are in a buyers market and it greatly benefits the first time home buyer. This is the best time to buy low and sell high in the future. Real estate is a long term investment, so start early and invest.
Contact me and I can help you locate your dream home.
Kirby Chan
Real Estate Sales Representative @ Re/Max
info@kirbychan.com
www.KirbyChan.com
416.305.8008
This is a semi-bungalow located at the south-west intersection of Leslie Street and Sheppard Avenue East. CLICK HERE FOR MAP. Lot size is 31.11 X 149.47 Feet. Main level consist of a kitchen, 4PC bathroom and 3 bedrooms. Hardwood floors are in good condition. This semi-bungalow has loads of potential. The asking price is $349,000 and has been on the market for 30 days, meaning… we can negogiate. It is a handy-man’s special and can be a great investment. Basement has 2 bedrooms and 2 bathrooms. With some modifications it can be 2 possible basement units. Properties on the same street and in the area are asking $420,000 and up. I know a good deal when I see one.
Kirby Chan
Real Estate Sales Representative @ Re/Max
info@kirbychan.com
www.KirbyChan.com
416.305.8008
The following is a Market Report for 2008 and Outlook for 2009 for the Greater Toronto Area. It was prepared by Re/Max using TREB data. I agree with almost everything except for the part about house values remaining stable for 2008. Even though as a whole the average price of real estate in GTA has risen, the data has been wrongly interpreted. If you’ve read my previous post about luxury homes, you’ll see that luxury homes sales above $1.5 Million has been stronger than the rest of the market. The rise in average price of homes is a result of more sales in the higher price properties. I delved deeper into the data and looked at the average price in each segment. The result? Each segment has had a drop in price. Instead of a drop in sales and rise in prices, in reality it is a drop in sales and prices.
Please note this report was prepared before the layoffs at GM’s Oshawa plant. The rate of job growth may be on the negative side now.
Click below to read the Market Outlook Report.
Read the rest of this entry »
This is a test post. - Click here to read my blog -
My blog is – http://kirbychan.wordpress.com
My website is – www.KirbyChan.com
My email is – info@kirbychan.com
I am a member of the Toronto Real Estate Board (TREB) www.torontomls.net. I use Rogers wireless service and use bell internet service at home. I use gmail, yahoo mail and hotmail. I have a PS3 from playstation and a wii from nintendo. I drive a Mercedes Benz B200 from mercedes-benz. I live in a detached house with four bedrooms and 4 bathrooms. My basement is unfinished. My wife and I renovated our kitchen last year. Other minor renovations were interior paint, light fixtures, cornice mouldings, built-in cabinetry in Laundry and wallpaper from farrow & ball and romo fabrics. Please vist http://decor8blog.com/ for great interior design ideas. I would like my website and blog to be as popular as http://www.topagent.com/ and http://blog.topagent.com/
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Kirby Chan
Real Estate Sales Representative @ Re/Max
info@kirbychan.com
www.KirbyChan.com
416.305.8008
