The most thorough price report created by any real estate firm in the nation. Here’s the Q2 report or click here for pdf. The Fall market is off to a solid start. Join our Client Appreciation Program to keep on top of trends, or to receive a copy of my latest Oakville Home Price Report.
As long as new home construction lags (as it has for many years even in growing areas of the GTA like Oakville), upward price pressure will continue for resale homes.
Thirty years ago, according to the National Association of Realtors, people moved on average every 5 or so years. Today, that number is over 12. Why? One of the reasons is the lack of new home construction (confidence in their financial situation another). It may seem counter intuitive given all the construction we see north of Dundas street here in Oakville. Yet, 2013 marked a new low in GTA home sales and construction ( Record Lows for New Home Sales from Wednesday’s Toronto Star).
There are not enough new homes being built to satisfy demand. As sellers have been more conservative (i.e. where do we go if we do sell?) fewer people are moving. YET, there are homes out there-we recommend looking for diamonds in the rough (renovate) and looking both in Oakville, and surrounding communities as far as Hamilton. A challenge no doubt, but we can help with our strong knowledge of various markets and our connections to great local realtors in other locales.
We do business in a relational way with our clients over time. If you are looking to build your knowledge of the market, contractors and other service providers, and help to navigate an on-line world that gives you excess real estate information but is starved for insight and clarity, you’ll love working with us.
Happy New Year Buyers and Sellers!
Continued stable growth is predicted for 2014, with prices in the GTA expected to rise 3.7% over 2013, according to the 2014 Royal LePage Survey and Forecast.
There is a shortage of listings in many markets and price points. Provide your email address in the top right hand corner of this page to join my client appreciation program and instantly receive 2 whitepapers, one on buying and one on selling. Be sure to get strong representation-get The Blair Zilkey Team.
Insightful Advice, Leading Edge Implementation.
Royal LePage expects the price increases earned thus far in 2013 to be given back by the end of year. Inventories are higher, and unti sales are not expected to be nearly as strong as in 2012. We are moving from a prolonged seller’s market into a balanced market. Advice-If you are selling, make sure your home is priced properly-listen to your realtor! If you are buying, don’t overpay (it’s never a good idea to overpay, especially now!).
Click here for the survey.
The Blair Zilkey Team’s Home Owner Network
2013 Seminar Series
This Quarter’s Topic-Buy & Renovate Using a Purchase Plus Mortgage
Saturday, March 23, 1-3 pm
Royal LePage Glen Abbey Office, Oakville
251 North Service Road W. at Dorval
We are pleased to introduce you to our Home Owner Network and invite you to participate in our inaugural Home Owner Seminar.
Our goal-To share our insight and help each other
We’ll provide the opportunity to dialogue about the latest in real estate trends, financing options, share renovation ideas and best practices, and much more. You’ll gain access to a wide range of service providers within the network, & have the opportunity to refer your trusted providers to the network.
Refreshments will be served.
Please share this invitation with your network (friends, neighbours, colleagues, family, service providers), invite them to join us & RSVP to Blair or Chris by March 21. Look forward to seeing you.
The Blair Zilkey Team
Royal LePage Real Estate Services Ltd., Brokerage
105-231 Oak Park Boulevard
Oakville, ON L6H7S8