November’s 5,793 homes sold brought the 2012 total to 82,200 transactions on track for 87,000 sales for the year. It will be a little short of our projected 90,000, but very close to expectations.
First time homebuyers continued to drive the market, with 60.6% of the sales being between $200,000 and $499,999. 1,379 transactions or 23.8% of the sales were condominium apartments between $200,000 and $399,999, as many single buyers chose the lifestyle that condominium living would bring.
As we continue into the winter market of December through February, it’s been the historic trend that the pace of sales slows down while the number of listings increase. This presents a tremendous opportunity for those buyers or sellers who want to “buck the trend” and purchase over the next month or two before more buyers enter the market and the number of listings available drop.
This “mini buyers market” is a time when you need an experienced agent on your side to market your property, as most listings do not sell. If you know of anyone interested in selling, or perhaps someone who has been unable to sell their property, please have them give us a call. We do not want to blow our own horn, but the combination of our marketing skills, the worldwide exposure that RE/MAX affords, plus the extra long office hours of RE/MAX Realtron Appointment Center, is a sure way to get a house sold!
We are working in December so if you know of anyone needing real estate help or advice, please give Jane a call at 416-418-9568 we would be happy to help. We appreciate your referrals and will take extra special care of them!
All the best to you and your family in the Holiday Season!
Your Friend in Real Estate.