Bolstered by an increase in building permits, an influx of refinance activity, and steady existing home sales, the latest PTC Index is the highest on record landing at 413 points! H/T @pioneertitleco
Get the full picture at ptcindex.com!
Open House Alert!!! 🚨
Join me at this beautiful 0.86 Acre Lot Bungalow in Bloomingdale! 52 River Street - Saturday, August 24 from 2pm-4pm! Come on by and see this property with sooo many unique features and potential.
You ask, I deliver. Here's a snapshot of the 1st half of the 2019 real estate market in DC. 🏡
Closed sales were up 2.1%
Active listings were up 11% 👍🏾
Median DOM were down 21%👍🏾
Supply is up 16% 👍🏾
In general, it's still a great time to sell! 💵
Ready to find out what your home is worth? Email me at traci📧tracijohnson.com or DM me.
MARKET STATS for July in #atx ∙ The median home price continues to rise 📈
∙ Mortgage rates are at near-record lows 📉
NOW is a great time to buy... and we can help. 🏡
We absolutely love helping our clients navigate the process of purchasing a home. Call us today and we'll help you get started. 📲
Industry update! Summer GTA sales continue to rebound, with 8,595 home sales reported through the TREB MLS in July 2019 - a 24.3 per cent jump from the same month last year. Also on the rise is the average selling price for all home types combined, which continues to be driven by higher density home types. Still, single detached home prices remained lower than last year’s levels in the 416 area, while the 905 region experienced a modest increase of 2.5 per cent.
New market stats are out. Check out the median home price for City of Austin! 😮😮😮😮 “Austin-area home sales set an all-time high for any July on record, as sales last month increased 11.7% to 3,439 home sales, according to the latest Central Texas Housing Market Report from the Austin Board of REALTORS®. Despite the record, home sales within the city of Austin remained flat due to limited housing inventory.”
July Stats are in!
Demand for real estate continues to grow due to low-interest rates being offered in the market.
Avg Home Price In GTA Current= $806,755 (det,semi,town,condo)
Same time Last Year- Avg price= $781,918
Active Listings= $17,938
Thinking of Buying or Selling?
⬇️⬇️Click below for a Free Consultation!⬇️⬇️
Create visually appealing and easy-to-digest reports to share with your clients, team and potential leads with MarketStats. Sign up for their August 22nd webinar and learn how to understand the housing market better than ever before. #linkinbio
The #denverrealestate market overview for July 2019
Here's a quick peek at what happened during the month of July in the Denver real estate market. Our market is definitely changing, however it is still a sellers market - active inventory for this July compared to last year shows an increase at 22.45% for year over year, a slight increase in the average sales price compared to last year at 4.33%, and average days on market at 25 days. However, the number of homes sold dropped -6.19% compared to last July. The average sales price for a single family home in the Denver metro area now sits at $469,912. (up .68% from last year) #DenverRealtorRuns#DenverMilitaryRealtor#dmarstats#realtor#realestate#marketstats
0 220 August, 2019
A balanced market is typically between 4-6 months of supply. Read our market stats to see what the inventory was for July! #cbboise#marketstats
That is the first topic on this week’s Real Word. The data we cover is thanks to @steveharney and what he shared last week with me (+ 5,000 agents) at the @tomferry#tfsummit . I got to catch up with Steve before he took off. I just love his approach to the market and to delivering valuable information. He never speaks on emotion which is a mistake I see so many agents making with their clients. As agents get our informtation straight and deliver what the people need - the FACTS. #justsaying ;)
look out for this week’s episode of the Real Word and what a recession would mean to housing (uploading later today)
WHAT YOU NEED TO KNOW WHEN BUYING A HOME 🏡 #PropertyTax 😴
As a homeowner, you will pay property taxes annually, even after your mortgage is paid off, so it’s important to properly account for them in your budget.
Why Do We Pay Property Taxes?
👉 They help municipalities raise funds from commercial, industrial and residential property owners to provide maintenance and services in the community. Each municipality sets a property tax rate that forms the majority of their annual operating budget.
How Is The Residential Property Tax Rate (%) Determined?
👉 Municipalities will compare the cost of providing services against the total value of all homes in your city and the population density to determine a tax rate that will help them cover their operating budget.
How Are Home Values Determined For Property Tax Purposes?
👉 Home values in Ontario are assessed every FOUR years by MPAC and are based on a number of factors that will be specific to your individual home, as well as comparable factors in your neighbourhood.
These factors include, but aren’t limited to:
- Age of the property
- Major renovations or additions
- Living area
- Lot dimensions
- Quality of construction
Why Is Knowing The Property Tax Rate (%) For Different Cities Important?
👉 Let’s illustrate with a simplified example using municipalities with the highest and lowest posted tax rates in 2019: a homeowner in the City of Toronto (where the property tax rate in 2019 is 0.614770%) who plans to sell their property assessed at $500,000 (likely a one-bedroom condominium) to buy another property with the same value in another city with a higher posted tax rate such as Windsor (where the property tax rate in 2019 is 1.789394% and the buyer can likely a multi-bedroom, detached home) will find themselves paying a higher amount in property taxes ($) even if the home assessment value is similar.
Property Tax Amount Toronto Condo Assessed at $500,000: $3,074
Property Tax Amount Windsor Home Assessed at $500,000: $8,947
Difference in Annual Property Tax Amount Due: $5,873 👈👈👈
Property Tax Amount ($) = Property Tax Rate (%) x MPAC Home Assessment ($)
—— @homesbysteven ✅
🏡📈📊 Monday Market Update 🏡📈📊 August has been keeping REALTORS® like me busy so far! We’re a little over halfway through the month, and are looking like we’ll beat last year’s stats. So far this month VREB has reported 375 sales (last August’s total was 594). There are 608 new listings so far this month, and a total of 2,876 active listings right now (August 2018’s total was 2,519). 💵 Call me anytime to get started on your next move. ☎️ 250-588-9020 ☎️ Honesty is our only policy.
⚠️July Market Report⚠️📊 The number of new listings was up 12.8% at 1219 units vs. 1081 last July. We experienced a total of 715 residential property sales up 22% compared to last year. Prices remain strong, with the HPI (Home Price Index) Benchmark now sitting at $416,700 at an average up 6% vs. July ‘18. Avg days on market remains steady at 35 days overall.👌🏻🏠
The market is holding steady from last month: The same relative amount of inventory to demand with the average sold price declining just slightly. Typically August is slower than most of the year as people head to the beach 🏖or forest 🏕 to enjoy the rest of the summer. Unlike the last few years, my team has seen no decline in activity and are helping people buy and sell. What else is different? we have a massively enhanced ability to negotiate on behalf of our buyers and we LOVE it! ❤️ For years the power was exclusively with the seller but now it is a much more balanced market ⚖️ that is good for both sides. It's still a slight seller's market but not with a huge imbalance of power.
What does this mean exactly? It means that sellers are getting a great market price 💰for their properties but we are getting extensive repair requests 🛠 accepted for our buyers. Everyone is compromising a bit and working hard for a win-win and that is where my team really gets to shine. ✨ Message me with any market questions and let me know how we can help you! [Link to full report in bio]. ••• #portland#portlandmarketreport#realestate#realty#portlandrealestate#marketstats#stats#numbers#realestatenumbers#oregon#livingroomrealty#ownitportland#marketexpert#reaestateteams