June 2024 Newsletter

Tuesday Jun 04th, 2024

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Hello June, 2024! By Sharon Parenteau, MA SRES ASA Overview: Real Estate Market Update York Region Stats Neighbourhood Reports Seller Success Story Special Events Giveaway                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 

Hello June, 2024!

By Sharon Parenteau, MA SRES ASA

 

Overview:
  • Real Estate Market Update
  • York Region Stats
  • Neighbourhood Reports
  • Seller Success Story
  • Special Events
  • Giveaway
GTA REALTORS® RELEASE APRIL 2024 STATS

Real Estate Market Update

GTA April Stats and 2024 Market in review

April 2024 home sales were down in comparison to April 2023, when there was a temporary resurgence in market activity. New listings were up strongly year-over-year, which meant there was increased choice for home buyers and little movement in the average selling price compared to last year.

“Listings were up markedly in April in comparison to last year and last month. Many homeowners are anticipating an increase in demand for ownership housing as we move through the spring. While sales are expected to pick up, many would-be home buyers are likely waiting for the Bank of Canada to actually begin cutting its policy rate before purchasing a home,” said TRREB President Jennifer Pearce.

The MLS® Home Price Index (HPI) Composite benchmark was down by less than one per cent per cent year-over-year. The average selling price was up by 0.3 per cent to $1,156,167. On a seasonally adjusted month-over-month basis, the MLS® HPI Composite was up by 0.4 per cent and the average selling price was up by 1.5 per cent compared to March.

“Generally speaking, buyers are benefitting from ample choice in the GTA resale market in April. As a result, there was little movement in selling prices compared to last year. Looking forward, the expectation is that lower borrowing costs will prompt tighter market conditions in the months to come, which will result in renewed price growth, especially as we move into 2025,” said TRREB Chief Market Analyst Jason Mercer.
 
YORK REGION MARKET STATS
 
NEIGHBORHOOD REPORTS APRIL 2024
Aurora
Richmond Hill
East Gwillimbury
Vaughan
Markham
Newmarket
 
WHAT THIS MEANS FOR BUYERS & SELLERS

During one of our recent Condo Market Tours, I shared market stats that reveal a widening gap between condo sale prices and detached home prices. Detached homes are also selling more quickly than their condo apartment counterparts. This is great news for downsizers and first-time buyers who have more selection on the market, and can afford to wait for the right property at the right price. As summer advances, I expect this trend to continue. 

Condo prices are even more attractive when you look at regions outside the GTA. Take a look at this chart for a cost comparison to see how your purchasing power expands the farther out you go. 

 
SELLER SUCCESS STORY
16 Lippincott Crt

Located in a high-demand neighbourhood in Richmond Hill, we knew that this home would have special appeal due to its location on a court, backing onto a ravine. Its relative rarity in the real estate market made this property a great candidate for a “plunge pricing” strategy in conjunction with holding back on accepting offers. The combination of stellar property preparation and presentation, an aggressive marketing campaign and the aforementioned pricing strategy created an outcome that surpassed our lovely clients’ expectations. Multiple offers, more than $200,000 over asking, and a sale within a week - that’s our SMART Sellers listing plan in action. Would you like us to do the same for you? All it takes is a call to Sharon at 416-460-5636 or an email to sharonparenteau@kw.com to start the conversation.
 
SPECIAL EVENTS
Downsizing Done Right

Attention empty-nesters! Downsizing doesn't have to be overwhelming. We have helped people just like you to create a personal plan for downsizing that meets your needs for financial and personal well-being.
T his 90-minute workshop is fun, interactive, and informative. You'll come away with resources and a better understanding of the common considerations most downsizing homeowners face.
Topics covered include:
-How to know it's time to downsize
-What are your "next home" options, other than condos?
-Maximizing your financial nest egg for retirement
-Timing the real estate market - is it even possible?

Admission is free but space is limited, so please register.
Included with your registration: workbook, door prizes, and light refreshments.

Register Here:

Downsizing Done Right At Markham Village Library

Downsizing Done Right At M.L. McConaghy Senior's Centre
Condo Tours In June

Are you considering a condo as your next home but aren’t quite sure whether this is the right choice for you? We have the solution! Join our no-obligation “Condo Market Tour” for an in-person sample of condo living and experience for yourself the safety, convenience and amenities it can offer. Join the minivan as a passenger or drive yourself. Space is limited so you must register.

Register Here:
 
ZOOMER RADIO
Did you know that every week I share downsizing advice on Marilyn Wetston’s show “From a Woman’s Perspective”?

Tune in each Saturday from 8:00 am on 740 am Zoomer Radio. Here is a list of last month’s blogs:

-From A Woman's Perspective: May 4th, 2024
-From A Woman's Perspective: May 11th, 2024
-From A Woman's Perspective: May 18th, 2024
-From A Woman's Perspective: May 25th, 2024
 
May 4th, 2024
Strong Social Connections Linked to Longevity in Seniors
Happy Saturday, Marilyn. “May the 4th be with you!” There is a powerful, albeit often-overlooked, force that predicts the longevity of our seniors. It’s community. 
Strong social connections and a sense of community have been shown to have a positive impact on senior’s physical and mental health. Being part of a supportive community can reduce feelings of isolation and loneliness, which are risk factors for various health problems, including depression, cardiovascular disease, and cognitive decline.  Read more
 
May 11th, 2024
More Canadian Seniors are Downsizing to Help Adult Children
Good morning, Marilyn. 
With tomorrow being Mother’s Day, and Father’s Day just a few weeks from now, I thought I’d give some advice about a sure-fire way to win the “Parent of the Year” award… help your kid get their first home.  Read more
May 18th, 2024
Dealing with multi-generational clutter
Good morning, Marilyn! I love your topic today: visit a relative day. And I was thinking that while you’re visiting them you could take back to them all the things you borrowed, or the stuff they left behind at your house. Or as the joke goes, you can declutter by taking your junk to their house and hide it in their closets.  Read more
May 25th, 2024
The best time to sell your home
 
Canada is known for having four glorious seasons, but in real estate there are two best times to consider selling: Spring and Fall. Historically, there are more transactions and higher sale prices during April-May-June and then again in September-October-November. If you were to graph the annual price and activity trend, it would look like a two-humped camel, with a Spring hump and a Fall Hump.  Read more
Latest Blog:
June 1st, 2024
A picture is worth a thousand words… 

Good morning, Marilyn. In polling my clients, I have found that there are a few common categories of surplus items that people battle with. Clothing, books, papers, and photos. In past segments we have given resources for donating surplus clothing and books, and twice a year, we help our clients by providing a free paper shredding event. Read more
 
SPEAKING OPPORTUNITIES
Sharon is an enthusiastic and experienced speaker with a passion for inspiring and empowering communities.

She has had the privilege of engaging with diverse audiences, from professionals to local organizations and civic groups. Her presentations are designed to be both informative and motivational, tailored to meet the specific needs and interests of your community. Whether you are looking for insights on downsizing, strategies for decluttering, or simply a dose of inspiration to ignite passion and purpose, she's there to deliver a memorable and impactful experience. She believes in the power of connection and shared knowledge to bring about positive change. As a speaker, her goal is not only to inform but also to foster a sense of unity and empowerment among attendees.

Invite Sharon as a speaker in your community.

Please feel free to reach out to discuss how we can collaborate and make your next event truly exceptional, email at sharonparenteau@kw.com or call at 416-460-5636
 
MAY GIVEAWAY
We STILL have a pair of premium 100-level tickets to give away! 
They're for the Fri. July 28th home game against the Texas Rangers. It’s also 
celebrate the Caribbean Carnival night with a Neon Hat giveaway.  They will be giving out hats to the first 15,000 fans in attendance and the hats are either blue, orange, pink, and yellow.  It will certainly be a colourful night at Rogers Centre!

To enter our giveaway:
  • forward this newsletter to a friend (with their permission, of course!) and when they subscribe, you’ll receive one ballot. Maximum of three ballots per person. 
  • Additional ballots can be earned by leaving a five-star review on Facebook link or our Google business page link.

Deadline for entry is June 25th. Winner will be announced in our July newsletter.
 
LEAVE US A REVIEW
To leave a review on Google, a Gmail account is required. If you do not have a Gmail account, you may create one by clicking on this link: https://accounts.google.com/signup
 
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The opinions and content expressed herein are solely those of the author, Sharon Parenteau, and do not necessarily reflect the brokerage, and do not constitute legal or financial advice. This communication is not intended to solicit clients currently already under contract with other real estate brokerages. ™ 2024 Sharon Parenteau





 
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S.M.A.R.T. Realty Solutions · 156 Duncan Mill Rd · Unit 1 · North York, On M3B 3N2 · Canada
 

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