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Be Inspired ... By Your Real Estate Dreams!
We, Leslie and Catherine, are real estate agents who offer a higher level of service through our partnership.
As sisters , we believe that the home and the neighbourhood in which you live can inspire your life to be filled with joy, comfort, simplicity, and much more.
We specialize in the neighbourhoods we live in, have lived in, and love. North Toronto: Yonge and Lawrence, Bedford Park, Lytton Park, Armour Heights, York Mills Heights, Cricket Club, Hoggs Hollow, Leaside, Deer Park, Moore Park, Bayview Village, Rosedale, Yorkville, and the Downtown core. |
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| Black and Black Toronto Real Estate Market News - June 15th, 2010 |
Sales seem to be winding down -- according to preliminary June reports. 2,030 sales were recorded as of June 10, if we were to extrapolate numbers until the end of month, this would point to numbers in and around 8,100 sales. Last June almost 11,000 sales were recorded (down 11%). If the sales continue at this pace we may see a drop of 13% from last month AND the first time in almost a year that sales would be down.
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| Average sale price appears to be off slightly from last month's record of $447,000... So far the average this month is at $440,000 - less than a 2% drop. At the end of June, typically we do see a drop off in sales, but it seems to be a touch earlier this year. Some forecasts of a swing in the market seem to be prevalent. The key to what is happening in the market will be the inventory of product over the summer. Over the last 3 months we have been seeing between 18,000 to 20,000 new listings per month hit the market. With this pace coupled with slower sales if we reach 30,000 listings on the market we could be looking at a buyers market in the fall, which will put downward pressure on the prices. |
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