If it looks too good to be true… it probably is

There is a Latin phrase – caveat emptor – which essentially, in English, means “buyer beware”. The message intended in those two words is that anyone purchasing the item so labelled needs to be careful. The price may look like a steal, but ask yourself before you go any further… who is doing the stealing, and who is being stolen from? You may well find that if a deal looks too good to be true, the reason for that may be that it is far too good to be true.

What you need to be sure of before you sign off on any deal is that the money you have budgeted for the purchase, in addition to the money you have earmarked for any changes to the house, will be recoupable from the sale of the house. If you buy a house and then get inside the property to get a close look, the last thing you want is to see that there are problems which will cost a lot more to repair than you thought they might. Suddenly, your big profit is looking like a small profit, a break-even deal, or even a loss.

Before you buy a house as a “fixer-upper”, think about what needs to be fixed and do not just look on the surface. You may need to have a survey carried out on the property to make sure that it is not carrying other faults that could end up doubling what you have to pay to get the house up to scratch for the purposes of selling it.

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Looking for a more detailed report on Vaughan Real Estate including a list of homes for sale or sold in your neighbourhood?

See The Video & Get Your Copy of the Vaughan Real Estate Report

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May 31, 2010 – June 6, 2010

Here’s a look at the Real Estate Market in Vaughan over the last 7 days:

Vaughan Real Estate Market Overview

There were a total of 95 homes listed in the 22nd week of 2010 and a total of 82 sales. The breakdown of new listings includes 16 condos, 9 townhomes, 8 semi’s or links and 62 detached homes with 17 being priced under $500,000, 38 priced between $500,000 and $1,000,000 and 7 priced over $1,000,000.

The breakdown of sales includes 19 condos, 8 townhomes, 7 semis and 48 detached homes with 10 selling for under $500,000, 36 selling between $500,000 and $1,000,000 and 2 selling for over $1,000,000.

Here is the breakdown for week 22:

Condos

• 16 Condos Listed
• Low: $207,800
• High: $399,900
• 19 Condos Sold
• Low: $220,000
• High: $395,000
• Low Days On Market: 1
• High Days On Market: 83
• Low % Of Asking Price: 93%
• High % Of Asking Price: 100%

Townhomes

• 9 Townhomes Listed
• Low: $349,900
• High: $499,900
• 8 Townhome Sold
• Low: $351,000
• High: $537,000
• Low Days On Market: 6
• High Days On Market: 28
• Low % Of Asking Price: 96%
• High % Of Asking Price: 100%
• Number Of Properties Sold For Full Price Or More: 1

Semi-Detached (includes Linked Homes)

• 8 Semis Listed
• Low: $349,000
• High: $479,900
• 7 Semis Sold
• Low: $408,000
• High: $452,500
• Low Days On Market: 9
• High Days On Market: 45
• Low % Of Asking Price: 94%
• High % Of Asking Price: 106%
• Number Of Properties Sold For Full Price Or More: 1

Detached Homes (under $500,000)

• 17 Detached under $500,000 Listed
• Low: $419,000
• High: $499,900
• 10 Detached under $500,000 Sold
• Low: $325,000
• High: $485,000
• Low Days On Market: 3
• High Days On Market: 45
• Low % Of Asking Price: 92%
• High % Of Asking Price: 102%
• Number Of Properties Sold For Full Price Or More: 4

Detached Homes ($500,000 – $1,000,000)

• 38 Detached between $500k – $1,000,000 Listed
• Low: $500,000
• High: $898,000
• 36 Detached between $500k – $1,000,000 Sold
• Low: $500,000
• High: $981,000
• Low Days On Market: 1
• High Days On Market: 57
• Low % Of Asking Price: 92%
• High % Of Asking Price: 103%
• Number Of Properties Sold For Full Price Or More: 11

Detached Homes ($1,000,000 and up)

• 7 Detached over $1,000,000 Listed
• Low: $1,098,000
• High: $2,399,900
• 2 Detached over $1,000,000 Sold
• Low: $1,070,000
• High: $2,435,000
• Low Days On Market: 50
• High Days On Market: 70
• Low % Of Asking Price: 89%
• High % Of Asking Price: 98%
• Number Of Properties Sold For Full Price Or More: 0

See the weekly review from last week
______________________________________________________________________________

Looking for a more detailed report on Vaughan Real Estate including a list of homes for sale or sold in your neighbourhood?

See The Video & Get Your Copy of the Vaughan Real Estate Report

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______________________________________________________________________________

Looking for a more detailed report on Vaughan Real Estate including a list of homes for sale or sold in your neighbourhood?

See The Video & Get Your Copy of the Vaughan Real Estate Report

-

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May 24, 2010 – May 30, 2010

Here’s a look at the Real Estate Market in Vaughan over the last 7 days:

Vaughan Real Estate Market Overview

There were a total of 105 homes listed in the 21st week of 2010 and a total of 63 sales. The breakdown of new listings includes 15 condos, 9 townhomes, 15 semi’s or links and 66 detached homes with 17 being priced under $500,000, 42 priced between $500,000 and $1,000,000 and 7 priced over $1,000,000.

The breakdown of sales includes 10 condos, 9 townhomes, 4 semis and 40 detached homes with 9 selling for under $500,000, 27 selling between $500,000 and $1,000,000 and 4 selling for over $1,000,000.

Here is the breakdown for week 21:

Condos

• 15 Condos Listed
• Low: $254,900
• High: $409,900
• 10 Condos Sold
• Low: $241,000
• High: $470,000
• Low Days On Market: 11
• High Days On Market: 61
• Low % Of Asking Price: 89%
• High % Of Asking Price: 100%

Townhomes

• 9 Townhomes Listed
• Low: $364,900
• High: $549,900
• 9 Townhome Sold
• Low: $357,000
• High: $537,000
• Low Days On Market: 5
• High Days On Market: 43
• Low % Of Asking Price: 95%
• High % Of Asking Price: 100%
• Number Of Properties Sold For Full Price Or More: 2

Semi-Detached (includes Linked Homes)

• 15 Semis Listed
• Low: $384,900
• High: $499,900
• 4 Semis Sold
• Low: $398,000
• High: $429,000
• Low Days On Market: 8
• High Days On Market: 29
• Low % Of Asking Price: 98%
• High % Of Asking Price: 102%
• Number Of Properties Sold For Full Price Or More: 2

Detached Homes (under $500,000)

• 17 Detached under $500,000 Listed
• Low: $389,000
• High: $499,900
• 9 Detached under $500,000 Sold
• Low: $428,000
• High: $490,000
• Low Days On Market: 5
• High Days On Market: 36
• Low % Of Asking Price: 96%
• High % Of Asking Price: 115%
• Number Of Properties Sold For Full Price Or More: 3

Detached Homes ($500,000 – $1,000,000)

• 42 Detached between $500k – $1,000,000 Listed
• Low: $524,900
• High: $969,000
• 27 Detached between $500k – $1,000,000 Sold
• Low: $504,500
• High: $930,000
• Low Days On Market: 2
• High Days On Market: 80
• Low % Of Asking Price: 94%
• High % Of Asking Price: 103%
• Number Of Properties Sold For Full Price Or More: 5

Detached Homes ($1,000,000 and up)

• 7 Detached over $1,000,000 Listed
• Low: $1,099,000
• High: $3,350,000
• 4 Detached over $1,000,000 Sold
• Low: $1,000,000
• High: $1,550,000
• Low Days On Market: 1
• High Days On Market: 45
• Low % Of Asking Price: 82%
• High % Of Asking Price: 102%
• Number Of Properties Sold For Full Price Or More: 1

See the weekly review from last week
______________________________________________________________________________

Looking for a more detailed report on Vaughan Real Estate including a list of homes for sale or sold in your neighbourhood?

See The Video & Get Your Copy of the Vaughan Real Estate Report

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______________________________________________________________________________

Looking for a more detailed report on Vaughan Real Estate including a list of homes for sale or sold in your neighbourhood?

See The Video & Get Your Copy of the Vaughan Real Estate Report

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May 17, 2010 – May 23, 2010

Here’s a look at the Real Estate Market in Vaughan over the last 7 days:

Vaughan Real Estate Market Overview

There were a total of 92 homes listed in the 20th week of 2010 and a total of 75 sales. The breakdown of new listings includes 19 condos, 7 townhomes, 9 semi’s or links and 57 detached homes with 10 being priced under $500,000, 41 priced between $500,000 and $1,000,000 and 6 priced over $1,000,000.

The breakdown of sales includes 14 condos, 5 townhomes, 8 semis and 48 detached homes with 12 selling for under $500,000, 34 selling between $500,000 and $1,000,000 and 2 selling for over $1,000,000.

Here is the breakdown for week 20:

Condos

• 19 Condos Listed
• Low: $239,900
• High: $429,000
• 14 Condos Sold
• Low: $205,000
• High: $485,000
• Low Days On Market: 1
• High Days On Market: 116
• Low % Of Asking Price: 90%
• High % Of Asking Price: 102%

Townhomes

• 7 Townhomes Listed
• Low: $370,700
• High: $429,990
• 5 Townhome Sold
• Low: $360,000
• High: $379,900
• Low Days On Market: 11
• High Days On Market: 32
• Low % Of Asking Price: 96%
• High % Of Asking Price: 100%
• Number Of Properties Sold For Full Price Or More: 1

Semi-Detached (includes Linked Homes)

• 9 Semis Listed
• Low: $399,000
• High: $458,900
• 8 Semis Sold
• Low: $395,000
• High: $471,500
• Low Days On Market: 4
• High Days On Market: 67
• Low % Of Asking Price: 97%
• High % Of Asking Price: 101%
• Number Of Properties Sold For Full Price Or More: 1

Detached Homes (under $500,000)

• 10 Detached under $500,000 Listed
• Low: $399,900
• High: $499,900
• 12 Detached under $500,000 Sold
• Low: $377,000
• High: $497,000
• Low Days On Market: 4
• High Days On Market: 64
• Low % Of Asking Price: 93%
• High % Of Asking Price: 103%
• Number Of Properties Sold For Full Price Or More: 1

Detached Homes ($500,000 – $1,000,000)

• 41 Detached between $500k – $1,000,000 Listed
• Low: $510,000
• High: $995,900
• 34 Detached between $500k – $1,000,000 Sold
• Low: $503,000
• High: $864,000
• Low Days On Market: 1
• High Days On Market: 72
• Low % Of Asking Price: 91%
• High % Of Asking Price: 101%
• Number Of Properties Sold For Full Price Or More: 3

Detached Homes ($1,000,000 and up)

• 6 Detached over $1,000,000 Listed
• Low: $1,198,000
• High: $3,488,800
• 2 Detached over $1,000,000 Sold
• Low: $1,500,000
• High: $1,505,000
• Low Days On Market: 18
• High Days On Market: 41
• Low % Of Asking Price: 95%
• High % Of Asking Price: 95%
• Number Of Properties Sold For Full Price Or More: 0

See the weekly review from last week
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Looking for a more detailed report on Vaughan Real Estate including a list of homes for sale or sold in your neighbourhood?

See The Video & Get Your Copy of the Vaughan Real Estate Report

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May 10, 2010 – May 16, 2010

Here’s a look at the Real Estate Market in Vaughan over the last 7 days:

Vaughan Real Estate Market Overview

There were a total of 100 homes listed in the 19th week of 2010 and a total of 94 sales. The breakdown of new listings includes 12 condos, 16 townhomes, 13 semi’s or links and 59 detached homes with 8 being priced under $500,000, 47 priced between $500,000 and $1,000,000 and 4 priced over $1,000,000.

The breakdown of sales includes 16 condos, 11 townhomes, 14 semis and 53 detached homes with 16 selling for under $500,000, 36 selling between $500,000 and $1,000,000 and 1 selling for over $1,000,000.

Here is the breakdown for week 19:

Condos

• 12 Condos Listed
• Low: $219,800
• High: $364,900
• 16 Condos Sold
• Low: $229,000
• High: $390,000
• Low Days On Market: 10
• High Days On Market: 110
• Low % Of Asking Price: 92%
• High % Of Asking Price: 104%

Townhomes

• 16 Townhomes Listed
• Low: $299,900
• High: $549,000
• 11 Townhome Sold
• Low: $347,000
• High: $448,000
• Low Days On Market: 7
• High Days On Market: 35
• Low % Of Asking Price: 97%
• High % Of Asking Price: 111%
• Number Of Properties Sold For Full Price Or More: 2

Semi-Detached (includes Linked Homes)

• 13 Semis Listed
• Low: $379,800
• High: $479,000
• 17 Semis Sold
• Low: $390,000
• High: $520,000
• Low Days On Market: 2
• High Days On Market: 35
• Low % Of Asking Price: 92%
• High % Of Asking Price: 102%
• Number Of Properties Sold For Full Price Or More: 5

Detached Homes (under $500,000)

• 8 Detached under $500,000 Listed
• Low: $400,000
• High: $498,000
• 16 Detached under $500,000 Sold
• Low: $401,000
• High: $490,000
• Low Days On Market: 3
• High Days On Market: 70
• Low % Of Asking Price: 95%
• High % Of Asking Price: 100%
• Number Of Properties Sold For Full Price Or More: 3

Detached Homes ($500,000 – $1,000,000)

• 47 Detached between $500k – $1,000,000 Listed
• Low: $508,800
• High: $995,800
• 36 Detached between $500k – $1,000,000 Sold
• Low: $500,000
• High: $986,000
• Low Days On Market: 3
• High Days On Market: 61
• Low % Of Asking Price: 91%
• High % Of Asking Price: 112%
• Number Of Properties Sold For Full Price Or More: 5

Detached Homes ($1,000,000 and up)

• 4 Detached over $1,000,000 Listed
• Low: $1,649,000
• High: $4,199,000
• 1 Detached over $1,000,000 Sold
• Low: $1,134,000
• High: $1,134,000
• Low Days On Market: 86
• High Days On Market: 86
• Low % Of Asking Price: 95%
• High % Of Asking Price: 95%
• Number Of Properties Sold For Full Price Or More: 0

See the weekly review from last week
______________________________________________________________________________

Looking for a more detailed report on Vaughan Real Estate including a list of homes for sale or sold in your neighbourhood?

See The Video & Get Your Copy of the Vaughan Real Estate Report

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