Sara Kareer Century 21 Millennium Inc Brampton Mississauga Vaughan Real Estate

TORONTO REAL ESTATE BOARD (TREB) MARKET WATCH REPORT FOR DECEMBER 2011

Second-Best Year on Record for Sales

Greater Toronto REALTORS® reported 4,718 transactions through the TorontoMLS® system in December 2011. The December result capped off the second-best year on record under the current Toronto Real Estate Board (TREB) boundaries. Total sales for 2011 amounted to 89,347 – up four per cent in comparison to 2010.

“Low borrowing costs kept Buyers confident in their ability to comfortably cover their mortgage payments along with other major housing costs,” said TREB President Richard Silver. “If Buyers had not been constrained by a shortage of listings over the past 12 months, we would have been flirting with a new sales record in the Greater Toronto Area,” added Silver.

The average selling price in December was $451,436 – up four per cent compared to December 2010. For all of 2011, the average selling price was $465,412, an increase of eight per cent in comparison to the average of $431,276 in 2010.

“Months of inventory remained below the pre-recession norm in 2011. Very tight market conditions meant substantial competition between Buyers and strong upward pressure on selling prices,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

“TREB’s baseline forecast for 2012 is for an average price of $485,000, representing a more moderate four per cent annual rate of price growth. This baseline view is subject to a heightened degree of risk given the uncertain global economic outlook,” continued Mercer.

What they SOLD for in DECEMBER 2011:

Please contact me for a complete report.

p.s. I offer you FREE Air Miles or a 7-Night Resort Getaway when you buy or sell any house or condo with me!

Lago Condos Toronto - Special VIP Event – August 27th, 2011

Lago Condominiums will stand proud at 49 Storeys and will sit atop a 3-storey podium and offer some of the most incredible views of the Toronto skyline and Lake Ontario.

It is conveniently located and provides quick access to TTC, Highways, neighbourhood Parks, walking and biking trails, and relaxing greenspace.

The unique architecture will allow for all units to feature full-width balconies.

Prices start from the low $200,000s*

A Special Broker Event is planned for August 27, 2011 -- and as a VIP Agent, I can offer my clients a Special Bonus:

$10,000 off* on 1 bedroom suites
$15,000 off* on 1 bedroom+den suites
$20,000 off* on 2 bedroom suites
$25,000 off* on 2 bedroom+den suites*

*Hurry, this is a limited time promotion -- call me today!

Payment Structure:

5% on Signing

5% in 90 Days

5% in 180 days

5% in earlier of 545 days (18 months or construction start)

For Sale By Owner - FSBO a NO GO

The founder of a website preeching the concept of selling your home without the help of a real estate agent -- failed at selling his own home.

The creator of ForSaleByOwner.com, Colby Sambrotto, failed to do what he preeched. After 6 months of unsuccessfully trying to sell his own 2 bedroom New York condo, he eventually hired a real estate agent for 6% commission and the property was eventually sold for $2.15 million.

Luckily he was smart enough to realize that he coudn't do it himself and needed the assistance of a professional -- someone who understands the market and the constant price adjustments.

Priceless.... click here to read the article.

If you're thinking of selling and need the assistance of a professional realtor®, I'm here for you.

Is that home you’re buying a former "Grow-Op"?

Before you’re sold on the granite countertops and stainless steel appliances, consider that a previous homeowner may have been cooking up a lot more in the basement, bedrooms and even the family room.

Prospective buyers need to know that a home, formerly used for a grow-op, may hold a stigma when it comes to resale and quick repairs made to cover up damage that occurred in the marijuana growing process may leave the home unsafe.

Here are some tell-tale signs to watch for when considering a home purchase:

• Mould in corners where the walls and ceilings meet

• Unusual number of roof vents or signs of roof vents

• Fresh paint on window frames to cover damage caused by the high levels of humidity

• Painted concrete floors in the basement with circular marks where pots once stood

• Evidence of tampering with the electric meter (damaged or broken seals) or the ground around it

The above information was in the recent issue of RECOnnect.

For more helpful information about buying a home and to ensure you receive professional advice, call me today...I'm here to help you.

p.s. I offer you FREE Air Miles or a 7-Night Resort Getaway when you buy or sell any house or condo with me!

3361 SCOTCH PINE GATE, MISSISSAUGA Ontario - HIGHEST SOLD SEMI-DETACHED ON THE STREET!!

You missed it! This stunning three bedroom, 3 washroom semi-detached home at 3361 Scotch Pine Gate, Mississauga, ON has been sold!

3361 Scotch Pine Gate, Mississauga, ON -- Sold in one week with multiple offers! It is now the HIGHEST SOLD semi-detached on the street!

Want similar results?

If you're thinking of Selling, call me today for a FREE Market Evaulation of your home! I have buyers looking in this terrific area!!

If you are looking to buy, I can show you similar properties, but hurry...before your perfect home becomes someone else's perfect home!

Call me today at 905-450-8300 or 1-888-450-8301