You will get more money for your house now than you will in the Spring.
There hasn’t been a traditional spring market in nearly a decade yet many misguided Sellers are instructed to wait until the Springtime to sell. Now you’re probably thinking: “Ya ya, you’re just telling us this so we list with you now so you can make money in the off season” – valid point and in the Sea of Real Estate BS that’s out there we can see how you’d be skeptical.
Fact is, there is literally nothing of quality available for our Buyers to buy right now. Nothing. We know of many agents holding properties that will be hitting the market in the Springtime (many similar ones too) but nothing now.
We’re getting calls from Sales Reps and Brokers daily asking if we have anything coming up for sale. We have actual proof that Buyers are out there but they have nothing to buy. Now, listen up homeowners: If you are going to sell your house, NOW is the time to do it (actually over Christmas was a great time too). We have the resources to have your house fully staged, painted, and ready to hit the market in less than 8 days. Is your house already gleaming and ready for market? We get to market in 2 days and it’ll cost you less.
We took a look at sample market snapshot in North and South Riverdale to compare the numbers. We thought that the numbers would be a little stronger to support our “on the front lines” experience but it turns out that this Winter has only outperformed this past spring/summer market by 1% when comparing sale to list price ratio. We think this year is going blow away last years numbers considering there’s literally NOTHING available for our Buyers right now. The lack of housing inventory combined with the BoC’s decision to slash lending rates even further creates a perfect storm which will undoubtedly blast prices through the roof (pronounced ruf!)
What is interesting however is that for 3 years in a row now we’ve seen the most expensive homes sell in the Winter months and we’ve also seen the HIGHEST Sale to List price ratio in the Winter months.
The lack of housing inventory combined with the BoC’s decision to slash lending rates even further creates a perfect storm which will undoubtedly blast prices through the roof
Contact us now to get started. If you’re not ready yet, you can join our Neighbourhood Sold Report to keep on top of local values, or get our Market Stats monthly OR get the newest listings in your inbox daily.