I have created a new format for the information, as there is an expanded amount of information available to me now. Through the MLS, we are now able to track the number of new listings that came on the market in a given time period, which we weren’t able to do in the past.

What this has allowed me to do is to show you how the market is trending in a much more complete picture, as you will see in the table below.

This time, I am only going to provide you with one table, as the new format will mean that all new graphs will need to be created, so that will begin with the next issue of the update.

You will note that there is a new column in the chart – ‘New Listings During Period‘ – this is the piece of information that was missing, and the one that completes the picture to a truly accurate overview of how the market is going. I have also re-named some columns, for ease of understanding.

My comments appear below the chart.

As you can see from the chart, the ‘Sold Ratio‘ is determined by adding the columns for ‘Active Listings’ & ‘New Listings During Period’, thus allowing the Sold Ratio to be drawn from all properties that Buyer’s had available to them during this period. Overall, this shows that, if your house was on the market during this time period, you had a 41.2% chance of it selling. That is pretty darned good!

In fact, according to the experts, any time you have more than a 15% chance of your house selling in any given month, we are in a Seller’s Market!

You can see that there was a good amount of activity across the price ranges, however, I feel it is my duty to advise that the properties that are selling for more than the list price are not a reflection of a market gone crazy, but they are a reflection of the poor marketing tactics used by some agents. A house selling over list price does not mean that there were multiple offers, nor does it mean that the sellers got the best price for their house. In fact, some companies are currently creating an atmosphere that prevents multiple offers, not only by their pricing strategies but also by their ineffectiveness at making a property available for showings, guiding their sellers in negotiations, etc. Professional courtesy (on my part) precludes me from saying more here, however you can ask many local agents and they will explain what I am talking about.

This will be an interesting market for the next few months, for sure, as people try to get their purchases closed before the HST comes into effect. Don’t miss the boat – if you are planning on selling, give me a call today at 905-878-4444.

When you buy YOUR next home in milton ontario, you have some things that you are really looking for; we’re thinking that this fabulous home has those things, and maybe even more!

Rare to find is a 4-bedroom home at this price-point; even rarer is all 4 bedrooms are a great size for youngsters or teens alike. I’m thinking that you want 2 full, 5-piece bathrooms, the ensuite having a separate soaker tub, instead of those tiny regular tubs and 2 sinks – well, you’ll find that here too. In fact, the Master bedroom also has a pair of Her’s & Her’s closets! Guys, if you’re lucky, she’ll share with you. Want room for a computer nook? There’s room on the upper hallway. Oh yes, let’s not forget that there are California shutters throughout the house!

How about the main floor having a Family Room AND a Living Room AND a Dining Room AND a Breakfast Area AND a Breakfast Bar? Yep, yep, yep, yep, and yep – we got ‘em all!

Walkout to the yard, that is finished with beautiful perennials, situated for evening sun, and not so big that you’ll have to spend all your free time taking care of it. That’s my kind of living – is it yours?

Take a look at all the pictures, picture how much you’ll enjoy sitting on your front porch, watching the world go by; think how great it will be to come inside directly from the garage, and start placing your furniture, coz this baby’s got it all!

Oh, and as a special bonus (hey, that’s what they say on those HGTV shows!), the basement is huge, will make a fantastic rec. room, and is unspolied so you can develop it however you want!

Seriously, what more could you want in a house that is priced to attract immediate attention, offers, and ACTION! A GREAT first action would be to go check out the full listing at our real estate web site, AllMiltonHomes.com

So, take action now, call me today, and make this one YOUR new home.

Here’s a different representation of the month in the Canadian real estate markets, for those of you who like to view things in a picture presentation:

To view full-screen, click icon at top-right of Scribd box.

One of the truest indicators of the health of a real estate market is the absorption rate. Simply put, the absorption rate is the numerical representation of the percentage of inventory that is being absorbed and the number of time-periods of supply there is presently on the market.

The information used to calculate the absorption rate is the number of available properties at the end of a time-period and the number of properties sold during that time-period.

As I track the market data only on a weekly basis, I am only, at this time, able to present the data in a weekly format. If I am able to gather the data, I will present a historical look at things in the future.

According to typical historical expectations, when calculating absorption rates on a monthly basis, a supply of 5 months or less is a Seller’s Market; a supply of between 5 and 7 months is a Balanced Market, and a supply of 7-plus months is a Buyer’s Market. In the Milton area over the last 10 months, we have, according to these measures, been in and out of a Balanced Market.

Here’s the chart:

Click the thumbnail above

Remember, the data above is presented with numbers pulled on a weekly basis. That means that, if no more homes came on the market, we would have no homes left for sale after 5 weeks. That won’t happen, but it sure is a good time to get your house on the market right now.

Call me @ 905-208-7002 to discuss how we can position your house in the marketplace.