It’s A Seller’s Market

Why Listing Your Vaughan Home Before The Competition Could Put Thousands Of Extra Dollars In Your Pocket!

When it comes to Real Estate, you’ve probably heard the expression that timing is everything. If you’re a homeowner in Vaughan looking to sell, the time has never been better!

There are literally thousands of qualified home buyers out there looking for the perfect home in Vaughan yet the number of homes currently available for sale is the lowest it’s been in years. The fact is we are at the peak of a seller’s market but that could all come to an end as early as this Spring.

So the obvious question is how can you as a seller take advantage of these rare circumstances before it’s too late? The answer is simple… take advantage of the narrow window of opportunity by listing your Vaughan home before the competition.

Why NOT to wait for the spring market to list your Vaughan Home

Reason #1: Less competition

  • A Seller’s market is characterized by a limited supply of quality listings in the marketplace. For smart homeowners looking to sell that means there are fewer listings on the market to compete with.

Reason #2: More qualified buyers

  • During a Seller’s market buyer demand is high due in part to a lack of quality listings. Smart homeowners looking to sell realize this and prepare their home for sale before the competition in order to capitalize on the thousands of qualified buyers looking for the perfect home.

Reason #3: Shorter amount of time on the market

  • When you combine ‘Less Competition’ with the ‘More Qualified Buyers’ that are typically found in a seller’s market the result is that well priced homes sell quicker. That means less time and aggravation for you the home seller.

Reason #4: Thousands of extra dollars in your pocket

  • With a limited supply of quality homes available for sale, the Buyers negotiating power is restricted. Those looking for the perfect home have to act fast and pay top dollar to beat out other buyers when the right home finally does come available. That could mean thousands of extra dollars in your pocket!

Buyer’s struggling to find their Dream Home in Vaughan

With mortgage rates near all time lows and existing inventory of resale homes the lowest they’ve been in years, it’s no wonder there is an excess of buyers searching for a home in Vaughan right now. With each passing day their frustration grows and their desire to find the perfect home gets stronger. As a seller you couldn’t possibly ask for a better situation… but there is a catch.

The seller’s market won’t last forever!

With each new listing that comes available in Vaughan, the balance of power slowly shifts from the seller back towards the buyer. That means that the seller’s market could easily come to an end as early as the Spring of 2010 as homeowners in your neighbourhood looking to sell rush to get their home on the market.

If you’re thinking about taking advantage of the current seller’s market in Vaughan and are curious to know what your home and other similar homes in your neighbourhood are selling for there is an easy and fast way to find out!  Get your free copy of the Vaughan Real Estate Report and learn the value of your Vaughan Home in today’s real estate market!

Steven Andrade is part of the Andrade Advantage Real Estate Team and a Real Estate Sales Representative with Royal LePage Maximum in Vaughan.  To speak with Steven about buying or selling a home in Vaughan please call: 416. 324. 2626

Vaughan Real Estate Report – Week 11

March 16, 2009 – March 22, 2009

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 89 homes listed in the 11th week of 2009 and a total of 33 sales. The breakdown of new listings includes 8 condos, 14 townhomes, 16 semi’s or links and 51 detached homes with 23 being priced under $500,000, 26 priced between $500,000 and $1,000,000 and 2 priced over $1,000,000.

The breakdown of sales includes 2 condos, 7 townhome, 11 semis and 13 detached homes with 9 selling for under $500,000, 3 selling between $500,000 and $1,000,000 and 1 selling for over $1,000,000. The average selling price was $524,000. Homes sold for an average of 92% of the list price and were on the market for an average of 77 days. Here is the breakdown for week 11. 

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Vaughan Real Estate Report – Week 10

March 9, 2009 – March 15, 2009

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 88 homes listed in the 10th week of 2009 and a total of 19 sales. The breakdown of new listings includes 6 condos, 9 townhomes, 17 semi’s or links and 56 detached homes with 25 being priced under $500,000, 29 priced between $500,000 and $1,000,000 and 2 priced over $1,000,000.

The breakdown of sales includes 3 condos, 1 townhome, 4 semis and 11 detached homes with 11 selling for under $500,000, 0 selling between $500,000 and $1,000,000 and 0 selling for over $1,000,000. The average selling price was $363,750. Homes sold for an average of 96% of the list price and were on the market for an average of 58 days. Here is the breakdown for week 10.

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Vaughan Real Estate Report – Week 9

March 2, 2009 – March 8, 2009

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 87 homes listed in the 9th week of 2009 and a total of 32 sales. The breakdown of new listings includes 11 condos, 8 townhomes, 14 semi’s or links and 54 detached homes with 28 being priced under $500,000, 23 priced between $500,000 and $1,000,000 and 3 priced over $1,000,000.

The breakdown of sales includes 3 condos, 5 townhome, 6 semis and 18 detached homes with 15 selling for under $500,000, 3 selling between $500,000 and $1,000,000 and 0 selling for over $1,000,000. The average selling price was $386,200. Homes sold for an average of 96% of the list price and were on the market for an average of 64 days. Here is the breakdown for week 9.

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Vaughan Real Estate Report – Week 8

February 23, 2009 – March 1, 2009

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 33 homes listed in the 8th week of 2009 and a total of 23 sales. The breakdown of new listings includes 6 condos, 4 townhomes, 8 semi’s or links and 15 detached homes with 15 being priced under $500,000, 13 priced between $500,000 and $1,000,000 and none priced over $1,000,000.

The breakdown of sales includes 0 condos, 3 townhome, 6 semis and 14 detached homes with 8 selling for under $500,000, 6 selling between $500,000 and $1,000,000 and 0 selling for over $1,000,000. The average selling price was $467,250. Homes sold for an average of 96.25% of the list price and were on the market for an average of 51 days. Here is the breakdown for week 8.

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