Despite waves of covid-19 throughout the GTA in 2021, we had a record-breaking number of sales this past year surpassing the previous 2016 record by 7.7% 🏡🔥 With property inventory at all-time lows of 0.9 months of supply, this set a new record for housing prices.
The average property price has increased by a whopping +24.2% to $1,157,849 over the past year.
The housing sector that saw the highest increase in value, on average, were semi-detached homes in the 905 suburbs with a staggering +33.7% increase in prices over the past year.
The demand to purchase housing remains stable and high, while the number of properties for sale is diminishing with -59.0% fewer properties for sale compared to the same time last winter.
🌟Tips for Selling
*even though most housing sectors are experiencing a hot seller's market 🔥, consider maximizing the amount of exposure to potential purchasers by working with a real estate team that executes a strategic marketing campaign with a successful track record. This will maximize the number of potential offers, which impacts your sold price!
Give Karen's team a call to achieve your real estate goals 📲 647-836-2895
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