Shweta Realty & Mortgages

20/09/2024

05/07/2024

Detached Home Available for Lease starting Aug 13, 2024.

Address: 70 sunflower Cr, Thorold, ON,
Available from August 13
Lease Price - $3000 Per month. Utilies extra.

4 BR, 2.5 WR, 1 Den, Separate Family Room and Over 2500 SQ Ft Living space. Corner House with lots of sunlight, close to Highway and parks, trails, schools, Shopping Malls.

One Year lease, AAA tenant, credit report, Employement letter, Paystub, First and Last month rent, references required.

For More Details, please contact, (647) 909-7574
Email: [email protected]

10/06/2024

Congratulations to Our Clients 🎉🥳🎊🍾🍾🥂

14/04/2024

Sales have gone down and we have increased number of Active listings this week.

This is Shweta and let's do a recap of this week.

We have 1523 active listings , increase of 11% since last week.
385 New Listings came up this week- an increase of 13% since last week.

155 homes Sold Firm and 79 Sold Conditional - Total sales decreased by 13% from last week.
51% Detached, 28% TWN, 21% Condos and Semis.
The distribution across property types indicates distinct preferences within the market.

60% sold Under asking, Majority of them in less than 50K underasking
36% sold Over asking &
4% sold at asking

So Overall ,there are more houses available for sale this week, but not as many are being sold compared to last week. Most are being sold for less than the asking price, but some are going for more, showing that the market is a bit mixed right now.

If you would like to chat about your RE Goals, you can reach out to me. My details are in the signature below. Thank you for watching !

Thanks,
SHWETA GAKHAR
REALTOR® | eXp Realty
C: 647.909.7574
E: [email protected]
W: www.exprealty.com

31/03/2024

This week we have increased number of homes selling Under asking.

This is Shweta from Shweta Realty. Welcome to Market Minute for Halton.

We currently have 1375 Active Listings on MLS- an increase by 9% from last week.
342 New Listings came up last week- pretty much same as last week
50 Decreased their price and 13 increased their price.
178 Homes were sold firm, 72 sold conditionally - an increase of 6% from last week
56% are detached homes, 24% TOWNHOMES and 20% are condo and semis
42% of Listings were sold Overasking , majority of them are selling anywhere between 50-100K over asking
This is a drop by 19% since last week.

58% of the listings sold Under asking and majority of them in 0-50K Under.

With the real estate market showing interesting trends, it's crucial to plan your move strategically.

Currently, homes that are well-prepared and listed below market value are attracting offers
over asking price.

However, there's also a significant number of properties selling below
their initial listing prices, presenting great opportunities for buyers.

If you're considering a move this year, now is the perfect time to start planning.
Being well-informed about market dynamics and having the right strategy in
place can ensure you get the best price for your current home and make a smart
purchase for your next one.
Whether you have questions about buying, selling, or simply
want to make sense of the current market conditions, I'm here to chat.

Feel free to reach out, and let's discuss how we can make your move a success!

17/03/2024

Did you know that RE Market is heating up !

Home sales were up by 39% since last month and by 21% since last year February

Hey Everybody !
Welcome to Shweta's Market Minutes for Halton Region.

Let's do a Recap of Month of Feb
There were 633 Homes sold through MLS in February, as compared to 525 homes in February 2023 - an increase of 21%
Showing that YOY trend is moving in favor of the Sellers.
The Avg SP for all RH in Feb was $1,267,011 , a increaes of 4% since LY Feb and an increase of 11% since January- showing that prices are going up
The Avg SP for detached homes is $1,658,870 , this has gone up by 15% since last month and by 8% since last year.

There were 1186 New Listings added to MLS , an increase of 36% since LY Feb, and a increase of 49% since Jan TY.

Avg DOM has gone down to 24 days from 40 days in Jan. This shows listings in February sell 40% faster than Jan.

Avg SP/LP ratio is 99% for Februray which shows that avg property is selling at 99% of the LP as compared to 98% in Jan and last year feb.
All these STATs are showing that we have increased number of Sales & AVG Sales price has gone up significantly 11% since last month,
showing that market is heating up. Not only that, listings are selling much faster with less DOM.

If you have been waiting for several months to sell your property, this is a great opportunity
For Buyers- there is still an opportunity here before it slips away when Interest rates start to drop.

I hope this was helpful ! If you have questions or need clarity on RE market or want to talk about your RE Goals, happy to chat !

Thank you for watching and see you in the next one !!

Thanks,
SHWETA GAKHAR
REALTOR® | eXp Realty
C: 647.909.7574
E: [email protected]

10/03/2024

Market Minutes Halton March 9th.

New Listings have increased by 16% this week for the second time in a Row.
This is Shweta from Shweta Realty. I am back this week with your Market Minutes for Halton Region
We have 1260 Active Listings for Residential on MLS -- an increase of 7% from last week.
349 New Listings have come up an increase of 16% from last week
168 Homes were sold firm and 82 were sold conditionally - an increase of 5% from last week as well.
50% are detached homes, 31% are Townhomes and 19% are condos and semis
Overall, we have Increased Inventory and Sales this week . Sales have been trending upwards from last few weeks.
This shows that there are increased number of buyers and sellers are transacting in this market
61% were sold Over asking - an increase of 5% from last week
5% were sold at Asking - a decrease of 5% from last week
34% were sold below asking

BOC has holded interest rates steady at 5% for the fifth time in a row and there will be rate cuts later this year.

When that happens, Home prices will go up as the buyers will have increased affordability and flexiblity with their budget.
I encourage buyers to secure a property sooner rather than later as house prices will likely start to increase again.

If you have questions or have been feeling perplexed whether this is a good time for you , you can always reach out. I am happy to work with you in your Real estate journey.

Thank you for watching and have a great week ahead !


Thanks,
SHWETA GAKHAR
REALTOR® | eXp Realty
C: 647.909.7574
E: [email protected]

10/03/2024

New Listings have increased by 16% this week for the second time in a Row.
This is Shweta from Shweta Realty. I am back this week with your Market Minutes for Halton Region
We have 1260 Active Listings for Residential on MLS -- an increase of 7% from last week.
349 New Listings have come up an increase of 16% from last week
168 Homes were sold firm and 82 were sold conditionally - an increase of 5% from last week as well.
50% are detached homes, 31% are Townhomes and 19% are condos and semis
Overall, we have Increased Inventory and Sales this week . Sales have been trending upwards from last few weeks.
This shows that there are increased number of buyers and sellers are transacting in this market
61% were sold Over asking - an increase of 5% from last week
5% were sold at Asking - a decrease of 5% from last week
34% were sold below asking
BOC has holded interest rates steady at 5% for the fifth time in a row and there will be rate cuts later this year
When that happens, Home prices will go up as the buyers will have increased affordability and flexiblity with their budget.
I encourage buyers to secure a property sooner rather than later as house prices will likely start to increase again.
If you have questions or have been feeling perplexed whether this is a good time for you , you can always reach out. I am happy to work with you in your Real estate journey.
Thank you for watching and have a great week ahead !


Thanks,
SHWETA GAKHAR
REALTOR® | eXp Realty
C: 647.909.7574
E: [email protected]

03/03/2024

Looks like Relief is on its way.😆

Fed Officials in the US estimate that they’ll lower the Federal fund rate by three-quarters of a percentage point to a range of 4.5% to 4.75% this year according to their median estimate.

That amounts to three-quarters of a percentage point, more than many economists expected. The predictions come as officials believe that they will be reaching inflation Target of 2% this year.

And Canada will follow.🇨🇦
It’s unclear what this will do to the housing market but it will almost certainly increase demand as affordability will improve for the buyers and some of the homeowners who were reluctant to sell may become motivated to sell their existing home and move into a home that fits their needs better.

So, what is the key takeaway for anybody in this market ?💡
It’s about understanding the nuances of why homes are selling above asking in this market or what’s driving the behaviour of cautious buyers.

Whether you are selling or buying it’s about making those informed decisions.

The market is always evolving and staying ahead means paying a close attention to these trends.

Stay ahead of the curve, stay informed and make smart choices that are right for you.

If you want a real scoop of what’s happening in the market today, you can reach out to me.

Thanks for watching ! Stay connected.✅

Shweta Gakhar
Shweta Realty & Mortgages
[email protected]
647.909.7574

25/02/2024

New Listings have increased by 17% this week.
This is Shweta from Shweta Realty. I am back this week with your Market Minutes for Halton Region
There are 1180 Active Listings on MLS - an increase of 5% from last week. This shows that Inventory is rising as more homes are hitting the market
301 New Listings have come up this week. - an increase of 17% .
160 Homes were sold through MLS and additional 77 sold conditional- an increase of 16% from last week.
54% are detached homes, 26^ Townhomes, 20% condos and semis
56% of homes were sold Underasking, 10% were sold at asking price and 35% were sold Over asking.
The Ratio of Overasking to Underasking has stayed the same since last week.
The ones that are sold Ovaraskign are mostly in 0-50K over
The ones that are sold underaskign are majorly in 0-50K under as well.
The annual inflation rate tumbled to 2.9 per cent in January, down from 3.4 per cent in December, Statistics Canada reported Tuesday.
It is a matter of time since we start seeing interest rates to come down as soon we will be seeing an upturn
as it will boost consumer confidence and lot of people who are sitting on fence currently will be making a move.
So, If you have plans, to purhcase a home , start strategizing now and work with a local Realtor who can guide you navigate throuh this changing market.
Thank you for watching and see you in the next one.

SHWETA GAKHAR
REALTOR® | eXp Realty
C: 647.909.7574
E: [email protected]