Current Market Trends

Real Estate Market in Flux

Thursday, May 09, 2013

If you've been following the real estate news at all over the past few months, you'll have seen that the market is in flux at the moment. This shift towards smaller price gains and somewhat fewer sales overall is happening at both the national level and the local level here in Toronto and the rest of southern Ontario.

In all the doom and gloom predictions, though, there are a few things you should remember if you're considering buying or selling a home. First, the experts disagree quite strongly as to whether we're seeing a protracted downturn in the market overall or, conversely, a stabilizing and balancing of a market that had been previously overheated. And second, it's important to remember that averages don't tell us the whole story, or even very much of it: if you are considering a purchase or a sale, you'll need to know about the micromarket(s) you're dealing with. That's why you need a knowledgeable agent who understands the market as a whole and the micromarket in which you'll be buying or selling.

If you'd like to discuss how I can help you fulfill your real estate goals, please give me a call or send me an email anytime.

{encode="paul@iknowluxuryhomes.com" title="Paul Sarradet"}
Sales Representative
Harvey Kalles Real Estate Ltd., Brokerage
2145 Avenue Road | Toronto, ON M5M 4B2
Client Line: 416.841.5432
Office: 416.441.2888 ext. 313
Fax: 416.441.9926

 

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"I was referred to Paul from a good friend who worked with him in the sale of her condo in Toronto. After meeting with Paul, I was really impressed by his professionalism, humour and raw honesty. Paul came prepared to each meeting and gave a lot of advice on staging and "to do's" before listing my property and to ensure it was ready for video and photos. I am a believer that the video and photos were critical to my listing, and was totally worth rescheduling and reconfirming due to weather! In the end, Paul placed my property in a multiple offer scenario and we sold over asking in less than one week.
Once the deal was firm, we began the search for a new property. Paul was great in dealing with my busy schedule and sharing his advice on the properties we viewed, always listing the pro's, con's and resale in mind. We endured a very long and drawn out offer/sign back process (upwards of 6 sign backs with an extremely unprofessional Listing agent) that was exhausting and at no point did he ever show his frustration, even when the deal went flat. In the end, we did find the perfect property and this time it was seamless and we were able to avoid the multiple offer scenario through his smooth negotiations.

I have already referred Paul to a colleague and would have no problem referring others. Overall, a great experience!"
~ Sou Choi