November 2024 Newsletter

Tuesday Nov 05th, 2024

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Hello, November 2024! Preview: Free November Giveaway, Special Events: Upcoming and Past, Real Estate Market Reports, Last Month’s Zoomer Radio Blog Posts                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 

 

Hello, November 2024!

By Sharon Parenteau, MA SRES ASA

 

Preview:
  • Free November Giveaway
  • Special Events: Upcoming and Past
  • Real Estate Market Reports
  • Last Month’s Zoomer Radio Blog Posts
FREE NOVEMBER
GIVEAWAY!

With the new year just around the corner (yikes!) we’d like to send you one of our branded 2025 pocket calendars or wall calendars, free for the asking! Simply click the link below to choose your version, and we’ll send it to you in the coming weeks.
Request your free 2025 Pocket Calendar or Wall Calendar here.
 
SPECIAL EVENTS

Upcoming Events

OSSCO Conference - Speaker and Exhibitor

Join me at the OSSCO Lifestyle & Learning Exhibition: Here’s to the Good Life! Thurs. Nov. 14, Jamaican Canadian Centre, 995 Arrow Rd. North York from 10:00 am to 2:00 pm. There will be speakers and exhibitors focusing on the issues affecting Canadian seniors. Parking and admission are free! I'll be giving an abbreviated version of "The Decluttering Battle Plan."

Free Brunch & Learn: Get Ready To Downsize 
Wed. Nov 20th at 10:00 am
Aurora Family Leisure Complex

Join us for a free brunch & learn at our Get Ready to Downsize Workshop! This introductory session is designed to answer, "Is this the right time to consider downsizing?" We begin our discussion by analyzing motivations, establishing a vision, and taking the first steps to devising a plan.
Expert insight to property options and the current state of the local real estate market will also be given. Enjoy a delicious brunch while learning valuable insights tailored for those considering a change in space. Don’t miss this opportunity to connect, learn, and take the first steps toward a fresh start! Link to register at button below. 
Register: Aurora "Get Ready to Downsize"
 

Recent Events
Fall Community Shredding Event & CHATS Fundraiser

We were so incredibly grateful for the community to come out in droves again for our secure, while-you-watch document shredding! We raised $1020 for CHATS Community Housing and Transportation for Seniors, and shredded 1800 lbs of documents that will now be recycled into tp! A huge shout out to The Residences on Yonge for co-hosting our Aurora shredding location. Thanks for the hot chocolate and cookies! 
 

^^ Click on video above to watch our highlights reel! ^^
Save the date: Our next Community Shredding Event and CHATS Fundraiser will be held on Saturday, May 3rd. 

Speaking Engagements

It was a busy month with wonderful opportunities to speak in the community. It was wonderful to share “The Decluttering Battle Plan” to the Aurora Seniors Centre Walking Club and to the Cornell Older Adults Club. Thank you for the invitation! I look forward to speaking at your clubs again in the near future.

SMART Realty Solutions and Amica Aurora Promenade teamed up to host “Best Renos for ROI” at the Aurora Family Leisure Club earlier this month. We’re so grateful to Leslie Thompson for the delicious brunch. Click here for more information about seniors rental options at Amica Aurora Promenade.

Exciting News! 🗣️ Now booking speaking engagements for Winter/Spring 2025!
Book Your Spot Here!
 
REAL ESTATE MARKET REPORTS

GTA REALTORS® Release September 2024 Stats
Greater Toronto Area (GTA) home sales increased year-over year in September. Buyers were starting to take advantage of more affordable market conditions brought about by interest rate cuts and lower home prices.
“As buyers take advantage of changes to mortgage lending guidelines and borrowing costs trend lower, home sales will steadily increase in relation to population growth. With every rate cut, a growing number of GTA households will afford a long-term investment in home ownership, including first-time buyers,” said Toronto Regional Real Estate Board (TRREB) President Jennifer Pearce.
The MLS® Home Price Index Composite benchmark was down by 4.6 per cent year-over-year in September 2024. The average selling price, at $1,107,291 was down by a lesser one percent compared to the September 2023 average of $1,118,215. On a seasonally adjusted basis, the average selling price edged up slightly compared to August.
“The annual improvement in September home sales was more than matched by the increase in new listings over the same period. This resulted in a better-supplied market and increased negotiating power for buyers re-entering the market. The ability to negotiate on price, led to moderate year-over-year price declines, particularly in the more affordable condo apartment and townhouse segments, which are popular with first time buyers,” said TRREB Chief Market Analyst Jason Mercer
 

Regional Market Reports September 2024
Toronto Market Stats
York Region Market Stats
Durham Region Market Stats
Peel Region Market Stats
 

York Region Market Stats
 

Neighbourhood Reports September 2024
Aurora
Richmond Hill
East Gwillimbury
Vaughan
Markham
Newmarket
 

What This Means For Buyers & Sellers

Buyers

Despite a 6% uptick in the number of sales in September, buyers are still enjoying abundant inventory from which to choose since there is a surge of new listings every Fall. This means buyers can negotiate on the price and terms, and only occasionally find themselves in competition for their property of choice. Anticipating additional interest rate cuts also meant that smart buyers seized the opportunity to buy now while prices are slightly softer, knowing that increasing affordability is on the horizon.

Buyer Success Story:
3303 Don Mills Rd, #1706
When I met my lovely client this time last year, she was not entirely ready to make a move, but knew it was on the horizon. After careful consideration, and visits to more than two dozen different properties, the search was narrowed down to a quite specific type, size, and location for their next SMART move. When the perfect property finally became available, she was prepped and ready to jump! 
South-east exposure with both a solarium and large balcony, and over 1500 square feet, this lovely condo puts them in comfort, safety and afford for their continuing retirement. Oh, and we managed to negotiate enough off the sale price to pay for the move! Congratulations, and thank you for trusting the SMART Realty Solutions team with this important purchase.

Sellers

Sellers in September faced increased competition, both from leftover summer listings and the new listings that hit the market in the Fall. More than ever, the correct pricing strategy was critically important to seller success. The return of “offers anytime” as the dominant pricing strategy in the marketplace put extra pressure on Realtors™ to accurately evaluate property prices to avoid both overpricing and under-pricing. Overpricing would result in properties remaining unsold, while under-pricing could cause sellers to leave money on the table. (Have you ever wondered what goes into pricing a property? Click here for your copy of my guidebook, “Pricing Strategies”)

Seller Success Story:
1122 Huntingwood Dr., Agincourt
When it was time for our lovely client to sell their multi-level condo townhouse, they contacted our team to help with the preparation, pricing and promotion of their property. After living there for decades, the homeowner needed our help with packing, purging, and staging. It was “all hands on deck” to ensure this beautiful home showed its best. It was a labour of love that paid off with a timely sale at the intended target price. Congratulations!

26 May Ave, East Gwillimbury
This lovely property was beautifully maintained by the original owners, but was largely original to its 1960s construction. The wonderful location and incredible lot size suggested to us that this gem would sell quickly if properly presented. We chose to stage it for maximum appeal to an end-user buyer to show its incredible potential. Our strategy worked, and we achieved multiple offers, above asking price, within 3 days of being listed. Congratulations to our lovely downsizing client!
 

Thinking about downsizing? 🏡

Request your FREE Downsizing Consultation
If you’re considering downsizing but aren’t sure how to get started, why not book a 1-hour “Downsizing Consultation”? This is your chance to have all your questions about the process answered. We can chat about where to go next and how to get there!
I’ll give you my Realtor’s-eye-view of preparations you may wish to make, and organize our conversation in a straightforward follow up plan. Your Downsizing Consultant is absolutely free of cost or obligation - just like all our downsizer resources - and heck, I’ll even bring the coffee (or tea!).
Email me here at sharonparenteau@kw.com to set up a convenient time for me to pop by.
 
CHECK US OUT ON ZOOMER 740 AM RADIO
Each Saturday morning, from 8 to 9 am, join me on Marilyn Wetston’s “From a Woman’s Perspective” where I share downsizing tips each week. These segments are also added to our blog.
Recent topics include:
Here’s a partial list of topics:
Managing the stress of downsizing
Fall is a terrific time to sell your home!
You can't buy your way out of clutter
Hiring a Mover
 
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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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