Market Watch statistics and reports are provided by the Toronto Real Estate Board. Each neighbourhood district in Toronto is broken down showing sales, listings activity & ratios … all subdivided by Freehold and Condominiums.
We follow these market statistics closely in order to be as current as possible while preparing Comparative Market Analysis and Opinions of Value. The market is of course driven by what buyers are willing to pay for any given home compared to what other properties are offered for. It’s is all about supply and demand and finding the best possible value from all the buyer has to choose from.
Buyers simply don’t pay tens of thousands more if they don’t have to. I recommend to all sellers that they acknowledge the market trends but even more importantly they see first hand at least 6 properties that compare to their own. Only by seeing what other buyers see can they truely understand the market value that their home may command.
Good Realtors spend a great deal of time staying ahead of their competion by knowing how to read the market. Coming up with a recommended Opinion of Value is more than filling a sellers head with great promise. Our job is not to tell you what you want to hear but on many occasion to tell you what you need to hear. Accepting reality will sell one’s home much faster, with fewer conditions and for the best possible price.