Blog

Nov
10

October Stats

TREB Reports Strong Growth in October

Looks like October sales were up 64% over last year, and the average sale price was up 20%.  Positive news, but understandable given how frozen the market was this time last year.

                                        October Sales 2009 vs 2008

TORONTO, November 4, 2009 - In October 2009, Greater Toronto REALTORS® reported
8,476 sales, up 64 per cent from October 2008. The average price for October
transactions was $423,559 – up by 20 per cent compared to the same month last year.
"Strong sales growth has occurred across many property classes – from price ranges
that would attract first-time buyers to luxury properties selling for over one million
dollars," said TREB President Tom Lebour. “The highest rate of sales growth in October
was experienced for properties selling for over $750,000. In contrast, luxury home sales
declined at an above-average rate last year.”
Year-to-date sales, at 74,721, were up nine per cent compared to the first ten months of
2008. Average price, at $392,264 was up by almost three per cent.
"After a short dip in the winter, the average home price in the GTA has rebounded
because sales have been high relative to listings," according to Jason Mercer, TREB's
Senior Manager of Market Analysis. “Watch for listings to rebound in 2010 as home
owners react to the strong sales and price growth experienced in the latter half of this
year.”
Summary Of October Sales And Average Price
October
2009 2008
Sales
Average
Price Sales Average Price
City of Toronto ("416") 3,554 $464,212 2,136 $376,897
Rest of GTA ("905") 4,922 $394,205 3,019 $336,049
GTA 8,476 $423,559 5,155 $352,974
Source: Toronto Real Estate Boa

"Strong sales growth has occurred across many property classes – from price ranges that would attract first-time buyers to luxury properties selling for over one million dollars," said TREB President Tom Lebour.

"After a short dip in the winter, the average home price in the GTA has rebounded because sales have been high relative to listings," according to Jason Mercer, TREB's Senior Manager of Market Analysis. “Watch for listings to rebound in 2010 as home owners react to the strong sales and price growth experienced in the latter half of this year.”

For the full TREB October 2009 Market Watch Report please click here.

                                 

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Nov
10

HD Virtual Tours

Not your average 360 degree fish eye tour...

I thought I'd take this BLOGortunity to share the experience I had when we decided that we needed a virtual tour for our beautiful Stouffville Listing.  Now, I've never been a fan of traditional virtual tours - with the fish eye lens and 360 degree spin action - never really found them to be very helpful, and didn't really feel that they did much for an interior space.  For a listing like Stouffville, I definitely saw the importance of a video tour.  With a high-end country property, potential buyers tend to do a lot more research before committing to a trip out to see it.  Unlike the city where you can group half a dozen showings together in the same neighbourhood.

Typical 360 Virtual Tour:

I was very pleased when I discovered Silver:House HD, a company that seems to be pushing the boundaries of Canadian real estate web marketing.  On the strength of their website and concept alone, we hired them and I met them in Stouffville to shoot a proper HD video tour of The Stonebrook Estate.  They were professional throughout and the end result is (if I do say so) one of the finest property tour videos I've seen.  Take a look for yourself.

HD Video Tour of The Stonebrook Estate by Silver:House HD:

Follow this link to a branded version hosted by Silver:House HD.

The team at Silver:House HD were fantastic.  The Stonebrook Estate deserved the highest quality virtual tour available, and we found that through Silver:House.  Taking advantage of the newest marketing and real estate technologies is essential in today's competitive market place, and I would highly recommend Silver:House HD and their services to both clients and colleagues.

                                 

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Nov
9

We've got a Blog!

Alright!  Welcome to The Pitfield Homes Blog!

I hope that our blog will become the place to keep up with what we're doing and also to find helpful information on all things real estate. This blog will be part diary and part informational resource. I think that a blog without personality and soul is pretty much dead in the water.  I'd hate for this to be a ghost town of real estate stats and trends.  I'll try to keep a balance of business info with personal adventures and stories.  And if there's anything you'd like to see here, or any specific questions or issues you'd like addressed, head on over to the Contact page and drop us a line.  We'd love to hear from you!

On that note...


Cirque de Soleil OVO

Mary-Jo and I went and saw Cirque du Soleil OVO last night and we were both blown away.  Just unbelievable.  It's a remarkable show and we highly recommend trying to catch it while it's in town.

OVO

Check out the trailer!

I think our next step is heading to Vegas to catch O!

 

Have a great Monday!

                                 

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