Serena Moves

06/04/2018

Are we going to see bidding wars again as a result of low inventory? What do you think? https://ift.tt/2xQzu6D

06/04/2018

May TREB stats are in! Keeping in mind that statistics for 2018 are being compared to 2017 (which was an anomaly) here is what we have found. The Toronto Real Estate Board has reported a 22% drop in the number of homes sold and a 26% decline in new homes being listed for sale. Prices are down an average of 6.6% when compared to the same time last year - but are up 1.1% when compared to last month. The stats imply that consumers may still be on the sidelines while waiting to see what the next few months bring.
With less homes being listed for sale we may see an increase in bidding wars again. Which as we saw last year, lead to stronger price growth.
Lets see what happens! Keep in mind that these are general stats encompassing a very large geographical area. For a snap shot into your specific area feel free to reach out for more information.

04/16/2018

TREB stats are in March 2018. When compared to 2016 the average sale price is almost $100,000 higher. The 2017 year was an anomaly and is skewing the stats. https://ift.tt/2qyA5mm

04/16/2018

March 2018 TREB stats are in! Here is the short of it.... Average days on market has doubled - so its taking 20 days for the average home to sell instead of the ten days it was taking on average in 2017. The number of properties that have sold when compared to last year in the same month is down by 39.5%. The average sales price is down by 14.3% when compared to last year.
What does this all mean? Last year, as we all know, was an anomaly. So, for greater perspective I will dive in a bit further and look at March 2016 in comparison as well. In March of 2016 - the average sales price was $688,181. The average sales price last month was $784,558. The problem is when we sandwich 2017 in the middle (and the average sales price for March 2017 was $916,567) any sales average under $916,567 is not going to look great and will skew the stats.
Look at the information for what it really is - the average sales price is almost $100,000 more than it was two years ago.
Please keep in mind that these are generalized stats that encompass a large geographical area. For more specific information on your specific area - reach out! I would be happy to help.

03/19/2018

Another fantastic year with special thanks to all of our clients, friends, family and business partners. We couldn't have done it without your support and referrals :)

Serena Moves

03/19/2018

February 2018 TREB Stats are in! Comparing year over year may not be the most insightful interpretation method in this case as February 2017 had never before seen prices and volumes! If we factor in 2016 then 2018's average price represents an annualized increase above the inflation rate for the past 2 years. Wouldn't we all agree that 6% annualized growth over two years is a statistically strong market? It is still considered a strong sellers market as we are sitting currently with only 2.8 months of inventory (a balanced market exists when we have around 5-6 months of inventory sitting). As we head into spring market - we will most likely see prices being pushed up.
Keep in mind that these are generalized stats that encompass a large geographical area! For a snapshot into your specific area feel free to reach out to the team! We would be happy to help.

02/26/2018

Awesome night with awesome people :)

02/24/2018

We got Snap'd!! Thanks Snap'd Milton for capturing the event!

Jennine Yool - Licensed Mortgage Agent Halton Insulation Yorr Rains CR Cal BANG! Creative Communications Ted Sandilands Melanie Sandilands Andrea Anonychuk

Serena Moves Team recently hosted their annual client appreciation event. It was an evening to enjoy pizza and a great movie with a showing of Marvel's Black Panther. They also enjoyed popcorn and a pop – what an amazing night out. This is their way of saying thank you to all of their clients, friends, family, business associates and referral partners that help to grow their business each year. snapd Milton

02/23/2018

What a great time the team had at the movie event last night!

Thanks again to Halton Insulation and Jennine Yool - Licensed Mortgage Agent for sponsoring the popcorn and pop! Thank you to DMW Wealth Advisory Group for sponsoring the pizza! Can't wait to see all the pics from the very talented Philip Knight as well! Shout out to Coulson, Melissa L. CA - an incredible accountant in Milton - for donating gift cards for our raffle. Finally to our amazing family for their help at the event - especially Yorr Rains, Melanie Sandilands, Dorian Dasilva and Ted Sandilands.

Check back in to see pics soon!

02/20/2018

We have a few extra seats for our Pizza and a Movie client Appreciation event this Thursday! First come first served!
Please text 647 228 5525 to see if there is still room!

02/12/2018

January 2018 TREB stats are in! I have included both January 2016 and 2018 stat sheets because I think its important that we have perspective when analyzing this information.

I encourage you to continue reading on. If you read only the first piece it won't paint a real picture of what is actually happening in the market place! Firstly, lets look at January 2018 year over year. The average sales price is down by 4.1% The number of sales is down 22% when comparing January 2018 to January 2017. Days on market has crept up to 32 days. If you look only at this information - it really does like there is justification for the doom and gloom often sold by the media.

What if we take 2017 and treat as an anomaly? What if we look at where we are right now in spite of last year all together? Would you think the real estate market is stronger or that it has corrected substantially?

This is where statistics can lead us to true perspective! If we look at where we are compared to January 2016 - we get a different picture. Did you know that the average sale price in Jan 2016 was $631,092? Here we are in 2018 and the average sale price is over $100,000 higher! Not a bad increase for a two year time frame. Many people are saying that the market has corrected and its now a buyers market. But if you look at the statistics it is clear that we still have an inventory shortage with only just over 4000 homes sold. Average days on market when compared to 2016 at 29 isn't much different at 32 days on market currently for January 2018.

To summarize, it is true that we are not seeing the numbers we did in January 2017. This will most likely hold true for February, March and April as well. The market is reflecting the measures taken by the government to cool escalating home prices. I think we will all agree that the growth we saw in the first four months on 2017 was not sustainable.

We have an increase in inventory currently - which will be a hopeful sign for buyers who were shut out of the market because of lack of product. We have a more stable environment for offer negotiations and financing options as well. Lets see what happens in the months to come!

Please keep in mind these are general stats from a very large geographical area. For information regarding your specific area reach out to the team! We would be happy answer any of your questions!

02/07/2018

What kind of pizza is your favourite?
We are placing the order for the movie event coming up on Feb 22!! Leave answers below!
Pepperoni, meat lovers, veggie or hawaiian?