January 2019 Market Stats
Bellow is a graphic showing the housing market stats for York Region this past January 2019 compared to January 2018.
Trends are showing an upward climb!
From what we can see here, trends are showing an upward climb from 2018’s lower prices and longer days on market. This is currently on trend with TREB’s 2019 forecast. This is a very trend that could really make our fire up once again.
It might be cold and snowy now, but things are going to heat up this spring and summer market. Prices are going to rise and this could change the type of house you could purchase. There are tons of great rates and mortgage options for homes priced under 1M. Some banks are offering prime -1% for purchases under 1M, whereas for homes over the million mark it can be closer to prime -.5%. That can make a big difference in interest paid and could potentially make the for some families.
Additionally, if you’re looking to sell now is also the time. We have finally plateaued, the market is now normalizing and homes are selling. From what I have seen on the market, quality is selling and homes are selling for what they are worth.
This isn’t a bad thing…
For those who are downsizing, this market could be amazing for them! If they bought their homes 30 years ago for 100k ish and are mortgage-free, you might be able to laugh your wa all the way to the bank.
Don’t leave money on the table
Regardless of if you’re a first time home buyer or a seasoned pro. Don’t hesitate and let’s chat. I can get you into the house of your dreams and sell your home for top dollar.