5342 Cachet Crescent, Burlington, Ontario, L7L 7N6 - $489,900
One of a Kind Family Home on Quiet Crescent in the Orchard-North East Burlington with Fully Finished 1 Bedroom Apartment in Walkout Basement,Upgrades include: Hardwood Floors,Oak Stairs,High Ceilings, Upgraded Maple Kitchen with High Cabinetry, Island & walkout to Huge 2nd level Deck, Family Room with Vault Ceilings, Huge Windows & Fireplace, Main Floor Laundry, Interior Access to Double Garage, Spacious Bedrooms, Master with 5 piece Ensuite- His & Hers Vanity- Soaker Tub- Separate Shower and Walkin Closet, Stunning Sun Filled Suite in Lower Level with Full Kitchen, 4 piece Bathroom, Bedroom and Living Room with Walkout to Patio, Fully Fenced Lot Backing onto the Original Orchard- 3 car Driveway, Main Floor Laundry and More! Perfect for the Extended Family or Investment!!!
Don’t miss the opportunity to grab this great home for this great price!
Sean Kavanagh
905-220-9198
During these first days of summer, as economists are telling us that the worst of the recession may be over, Canadians are wondering how the values of their largest financial assets — their homes — are holding up. Media reports of real estate statistics have left many Canadian homeowners rightfully confused. The problem is that these statistics are usually based on averages of city, provincial and national markets. Such averages are pretty much irrelevant to what’s really happening in specific neighbourhoods. Our analysis suggests that Canadian homeowners should avoid relying on city, provincial or national averages to value their homes. Instead, sellers should monitor selling prices of similar homes in their own neighbourhoods. Buyers should monitor selling prices of typical homes in the neighbourhoods where they want to live.
Canada
In mid-June, CREA reported that the Canadian national average price for home sales via the Multiple Listing Service® (MLS) in May 2009 was $319,757, +0.4% compared with May 2008.
Greater Toronto
The Toronto Real Estate Board reports that the average home price in May 2009 was $395,609 for all transactions (single and detached homes, condo apartments and condo townhouses) in the Greater Toronto Area (GTA). The GTA is the country’s most populous urban concentration bounded by Lake Ontario on the south, Lake Simcoe on the north, Burlington on the west, and Newcastle on the east. This average price has little relevance to prices in the specific neighbourhoods and communities in the GTA, where prices for single detached homes ranged from $1.53 million in the Toronto neighbourhood between St. Clair Avenue and Bloor Street east of Bayview Avenue; to $709,000 in a rural neighbourhood east of Newmarket; to $255,000 in Oshawa.
Average home prices
Averages themselves are largely misleading. Suppose that in Year 1 five homes sold for $200,000, $220,000, $260,000, $290,000 and $500,000 (average $294,000), but in Year 2 only the first four homes sold (average $242,000). Statistically, this would mean that the average price of homes sold in this neighbourhood in Year 2 fell by $52,000, or 18%, from Year 1, even though all houses that were actually sold fetched identical prices to the previous year. Homeowners in this neighbourhood who didn’t carefully analyze the data would think their home values had fallen dramatically over the year, when, in fact, values of typical homes in the neighbourhood were stable.
Summary
The objective of this report is to help homeowners understand the relationship between widely reported real estate statistics and the value of their homes. We recommend that homeowners carefully scrutinize home price surveys from a variety of real estate organizations and economists. For a FREE evaluation of your home and for information on recent sales in your neighbourhood, please contact me at www.seankavanagh.ca
For more information on buying or selling real estate in Burlington, Hamilton or Oakville, Ontario, or if you have questions about current market trends, mortgages or interest rate information, please visit the Sean Kavanagh Real Estate Resource Centre at www.seansells.ca. I'd be happy to answer any questions to accommodate all of your real estate needs. Follow me on TWITTER! You can also contact me at 905-220-9198 or at www.realestatechat.ca as I am now a moderator on the Ontario Real Estate chat forum as well as the Burlington, Ontario sub-forum.
I look forward to hearing from you!
Sean Kavanagh
Building Lasting Relationships and Exceeding Expectations
Source: Don Lawby – Century 21 - President
Just put up the SOLD stickers on this great property in Burlington, Ontario. If you are thinking about getting some SOLD stickers put up on your property, all you have to do is give me a call!
LIST WITH ME AND GET HOME STAGING FOR FREE!!!
As part of my full service listing package to my clients, I offer free home staging as a bonus for anyone who decides to use my real estate services to list their house.
Other benefits include:
* Maximum front page exposure on www.seankavanagh.ca and www.seansells.ca websites
* Regular blog posts promoting the property
* Regular Twitter, Facebook and LinkedIn updates to thousands of potential buyers
* Property address domain name registered for the property
* Google AdWord purchased directing buyers to your property (Google my name and see where I am!)
* Professional style photography with a 21 photo virtual tour
* Plus much, much more to get your home sold in shortest possible time for mamimum value!
Please call me today for a FREE No-Obligation evaluation of your home. The evaluation will include a comprehensive analysis report on the current value of your home compared to other properties that have sold in your area.
So pick up the phone, give me a call and let’s get your home SOLD!
For more information on buying or selling real estate in Burlington, Hamilton or Oakville, Ontario, or if you have questions about current market trends, mortgages or interest rate information, please visit the Sean Kavanagh Real Estate Resource Centre at www.seansells.ca, or at www.seankavanagh.ca I'd be happy to answer any questions to accommodate all of your real estate needs. Follow me on TWITTER! You can also contact me at 905-220-9198 or at www.realestatechat.ca as I am now a moderator on the Ontario Real Estate chat forum as well as the Burlington, Ontario sub-forum.
I look forward to hearing from you!
Sean Kavanagh
Building Lasting Relationships and Exceeding Expectations
Home buyers are now twice as likely to use online sources than print sources to find information about open houses they are interested in.
A study found that 62% of home buyers use or plan to use online sites to find open houses, compared with 53% who use/plan to use information from real estate agents, 36% who use/plan to use neighborhood signs and less than one-third (31%), who use/plan to use print sources, including newspapers and local flyers.
The study also found that though many home buyers rely upon a range of different sources to gather information about open houses, 41% say online sources are their primary resource, while 14% cite print sources, the survey found.
"The real estate section of the weekend newspaper is no longer the go-to resource for open houses," said Sami Inkinen, co-founder and COO of Trulia. "Home buyers are increasingly going online to not only search for the most up to date listings but also to obtain rich information about the neighborhood, schools, and local shops."
Home buyers used to walk into open houses with the real estate section of the newspaper in their hands, but now they walk in with print outs of their search on the web.
With more than 9 in 10 home buyers (91%) attended or plan to attend open houses during their home-purchase process, it is vital that the realtor you choose to sell your home has a strong internet presence. Make sure the realtor you choose has a good command of all internet options available to create maximum exposure for your listing. Social media is the direction real estate marketing is heading, as well as where many buyers are now turning to for their real estate information. If your realtor isn’t taking advantage of Facebook, Twitter, or LinkedIn, you might want to ask yourself what kind of exposure you want for your listing. Check out the realtor’s website and see if they blog regularly to keep potential buyers coming back to their page. It is simply the difference between exposure and MAXIMUM exposure!
For more information on buying or selling real estate in Burlington, Hamilton or Oakville, Ontario, or if you have questions about current market trends, mortgages or interest rate information, please visit the Sean Kavanagh Real Estate Resource Centre at www.seansells.ca, or at www.seankavanagh.ca I'd be happy to answer any questions to accommodate all of your real estate needs. Follow me on TWITTER! You can also contact me at 905-220-9198 or at www.realestatechat.ca as I am now a moderator on the Ontario Real Estate chat forum as well as the Burlington, Ontario sub-forum.
I look forward to hearing from you!
Sean Kavanagh
Building Lasting Relationships and Exceeding Expectations
Home sales activity increased for the third time in as many months, according to statistics released by The Canadian Real Estate Association (CREA). The national average price also rose again, to within short reach of the record levels set a year ago.
Sales activity climbed 11.2 per cent in April 2009 compared to the previous month. This is the largest month-to-month increase in activity in more than five years. Sales activity also reached its highest level in seven months, with 34,838 units trading hands nationally via the MLS.
Price adjustments, access to money and a surge in consumer confidence have all contributed to this current market correction. Prices of homes have made purchasing more affordable for more Canadians. As the prices of homes are determined by what buyers are willing to pay, realtors have had to adjust their pricing strategies to reflect the views in their local markets. The banks are now qualifying more potential buyers and with interest rates dropping with the housing prices, more people are feeling that now is the time to jump on the property ladder.
We are also now witnessing a balancing of supply and demand. The stabilization of the housing market can be attributed to the increase in sales activity and the decline in new listings coming on the market.
If current market trends persist, this spring could witness pre-recession sales activity. The CREA Chief Economist Gregory Klump was quoted as saying “In the recessions of the early 1980s and 1990s, sales activity bottomed out before the job market or even the economy did. Improved affordability may result in Canadian existing home sales leading the economic recovery this year.” Century21 Miller Real Estate, is also noticing a shift in market activity. Last month alone, the number of closed transactions exceeded the totals of this time last year.
For more information on buying or selling real estate in Burlington, Hamilton or Oakville, Ontario, or if you have questions about current market trends, mortgages or interest rate information, please visit the Sean Kavanagh Real Estate Resource Centre at www.seansells.ca, or at www.seankavanagh.ca I'd be happy to answer any questions to accommodate all of your real estate needs. You can also contact me at 905-220-9198 or at www.realestatechat.ca as I am now a moderator on the Ontario Real Estate chat forum as well as the Burlington, Ontario sub-forum.
I look forward to hearing from you!
Sean Kavanagh
Building Lasting Relationships and Exceeding Expectations
Building lasting relationships and exceeding expectations.
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