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The average sale price for Halton Hills overall remains slightly down at $464,827 from 2012’s $473,298. A decrease in the number of sales for April in Acton and the Rural areas has contributed to the dip in house prices across the municipality.
A smaller pool of Buyers and an increased inventory has flipped the market to a Buyer’s market magnifying the importance of Sellers pricing their homes well in order to avoid an increase in the number of days on market.
Listings are currently sitting on the market for an average 32 days before selling.
“2013 finds the Canadian housing industry in a highly unusual place. The combination of very low mortgage rates and flat home prices, against a background of general economic improvement across the nation, is not something we’ve seen before,” said Phil Soper, president and chief executive of Royal LePage. “Typically one of these variables is moving hard in an opposite direction. While some have spoken loudly about impending market volatility and dramatic downward pressure on home prices, we are simply not seeing evidence of this. The current environment is very supportive for housing. Those waiting for big declines in home prices will likely be disappointed.”
Read the article Brief, Mild Correction Forecast For Canadian Housing Market In First Half of 2013 in our What's New section for more details on Royal LePage's House Price Survey and Market Survey Forecast for 2013.
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| What Is It Going To Cost Me To Buy/Sell My Home?
Obviously the largest component of purchasing a home is the mortgage. However, there are additional costs associated with buying and selling a home that have to be considered as well.
Buyers should budget approximately 2-3% of the purchase price for closing costs.
Click on the link below for a list of some of the major expenses associated with purchasing and selling a home:
Costs Related To A Real Estate Transaction |
WHY USE A REALTORŪ?
Maybe your buying a home for the first time; or maybe you have purchased many homes in your lifetime. Whether new or experienced, using a Realtor ensures the transaction is completed competently and professionally. You don't have to worry about the details - your REALTOR® can take care of them for you. You can get advice from someone with an intimate knowledge of the local housing market, and you can count on the help of a professional who has committed to serve you with integrity and competence.
When you first meet with one of the L & L Real Estate Team, they will take the time to get to know you, your situation and your requirements. We want all parties to feel comfortable with each other before moving forward in the process; establishing a good working relationship is the first step towards a successful transaction.
WHY DO I NEED TO SIGN A BUYER AGENCY AGREEMENT?
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L & L Real Estate Team
Royal LePage Meadowtowne Realty
Phone: 905-877-8262
Fax: 905-877-0705
Email Us!
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