Marks take on the Market

July 31st, 2009

MY APOLOGIES in advance for the lack of posts this week. Its been one of those crazy ones, where me and the blackberry have been working overtime. As month end approaches the Toronto Real Estate Board will be putting together some of the most impressive stats thus far. As soon as they’re published you’ll be able to view them here…

Truth is, they’re not really necessary to tell you how HOT the market has been. In plain english and without any numbers or figures, if i had to sum up July in 2 words, they’d be “SELLERS MARKET.” Out of the tons of homes I’ve shown this month, I’d say less then 5 weren’t holding off for multiple offers. This has resulted in many homes selling for over asking making “SOLD” the word of the month.

So what’s causing all of this demand?? I’d attribute it to low inventory (meaning not many homes on the market) AND very attractive mortgage rates. Sellers if you have even the slightest thought of selling (espcially downtown condo owners) I’d definitely take advantage of current market conditions. So where should you start? By sending me an email or giving me a call…i’d love to help!