Market Reports - Bosley Real Estate Ltd. Brokerage - Homes and houses for sale in Toronto including Cabbagetown, The Annex, Danforth Village, Lawrence Park and Riverdale

MARKET UPDATE FOR THE WEEK ENDING JUNE 26TH , 2015

30 June 2015
Bosley Real Estate

After hitting nearly 500 new freehold listings in early May, things have slowed down as we enter the traditional Summer market. Last week we dropped to just over 300 new listings. I t seems that buyers are s t i l l out in full force however as sales increased by 5% last week. We found i t interesting that sales at or above the list price tapered down to 53.8%, one of the lowest numbers this year. We expect that sales may under-perform during the month of July thanks to the Pan Am Games but demand will not slow down. This should make the fall market exceptionally busy.


MARKET UPDATE FOR THE WEEK ENDING JUNE 19TH , 2015

24 June 2015
Bosley Real Estate

It’s funny how everyone seems to complain about the lack of listings. The truth of the matter is that last year at this time there were nearly half as many freehold listings available on the market. Sales continue to be strong year over year although comparatively the percentage of sales to listings last week was 51.7% vs 72.1% for the same week last year. The numbers indicate that demand may have slipped until you also consider the fact that both weeks recorded the same percentage of deals happening at or above the list price (59%).


MINIMIZE THE RISK OF BASEMENT FLOODING

22 June 2015
Bosley Real Estate

Strong, sudden rains bring flash flooding, which cause havoc with traffic on the roads, increase the likelihood of power outages, and unfortunately,  this is often the time when homeowners find out their basements aren’t as waterproof as originally thought.


MARKET UPDATE FOR THE WEEK ENDING JUNE 5TH , 2015

09 June 2015
Bosley Real Estate

The freehold market has reversed its month long trend by recording nearly 11% fewer listings last week. Sales followed suit registering almost 15% fewer transactions and the percentage of homes selling at or above the list price was a more reasonable 67.7% compared to 72% a month ago. Clearly the effect of less product is not causing increased bidding wars. Sales of freehold homes continues to be robust but there is less urgency in the market.


May Bosley Infographic

05 June 2015
Bosley Real Estate

Pre-emptive offers, commonly known as “bully offers” are rampant in Toronto’s bustling real estate market. For the forseeable future we don’t expect this trend to decline. All the more reason to know how and when to deploy this buying tactic because it is not for the faint of heart. The truth is that we are hearing more about bully offers for one main reason...demand continues to grow while supply seems to be slipping. Overall, we feel that tight market conditions for all home types will continue throughout the year.


MARKET UPDATE FOR THE WEEK ENDING MAY 29TH , 2015

04 June 2015
Bosley Real Estate

Case in point, the number of new freehold listings. Last week new listings were WAY up, this week they’re down by 3%. In complete contradiction to that pattern, sales are WAY up by over 88% from a week ago. And while the percentage of homes selling in multiple offers was off last week (54.3%)