May Market Report

  • Larose Team
  • 05/22/19


With new listings spiking in April, May is starting off to be a brisk month for real estate sales. In the GTA, sales jumped 16.8% in April and the average sales price was up 1.9%. Here in Mississauga, while sales have been below record levels year to date, there should still be enough activity in 2019 for moderate year over year average price growth. Projections are the average sales price in the Mississauga market will be up 4% for 2019 according to TREB.

Detached home sales, which have been down in 2019 rose 22 percent in April compared to last year. “Expect May to be a hectic month for both new listings and sales after a quiet start to the year” says Kevin Larose from the Larose Team.

“Buying or selling a home is a stressful process says Kevin and the growing complexity of the market is a factor. In addition to the obvious financial stresses, interpreting the sea of data available online is also stressful. Many sellers want a bidding war but that only happens if the conditions are right, the property is unique and there is a void in that portion of the market. This is where the experience of a professional Realtor comes in. A real estate transaction is complex and experience counts. The best Realtors have been in the business for a while and have developed a large database of contacts. They are excellent communicators and negotiators and most work with large reputable companies such as Keller Williams. 

“KW is now the largest real estate company in the world surpassing Century 21 and Remax in 2017. Their focus moving forward is a technology used by tech savvy agents to connect buyers and sellers and create custom experiences according to their clients needs. 

“The tech savvy agent has become a must in the fast changing world of real estate today” says Kevin. We at the Larose Team leverage technology to our clients advantage.” 

Contact Kevin for a professional consultation on the value of your home  at (905) 278-7355  kevin@laroseteam.com

 

 

WHEN IS THE BEST TIME TO SELL?

If you are a Seller looking to sell quickly and get the highest price, the best time to sell is April to end June according to historical data from the Canadian Real Estate Association. The metric used is ‘Number of months of inventory’ and data shows the optimal time to sell is spring when there are more buyers in the market. “The peak timing usually lines up with the greening of the grass and when homes show their best” says Marlene Larose, broker with the Larose Team.
 

“In the prime areas of South Mississauga, we see a spike in detached home sales now in the 2nd quarter as closings for detached homes line up with the school year. We expect sales should continue strong to the end of July this year as we got off to a later start.” Blame it on the weather.

 
 

If you are a Seller looking to make a move this year- Contact us for a Confidential

Evaluation of your home. (905) 278-7355.

RED DAY 2019

Each year on the second Thursday of May we celebrate Keller Williams’ RED Day as part of our legacy worth leaving. Making a difference in the lives of others and bettering the communities that we serve lies at the heart of the Keller Williams culture. 

This year we joined forces again with the City of Mississauga to clean up Woodland Meadows Park & continue our Tree Stewardship as part of Mississauga’s ‘One Million Trees program’.For more information regarding the tree program visit https://www.onemilliontrees.ca/

 
 

PRE-CONSTRUCTION CONDOS & TOWNS UPDATE

Stride's low-rise condo is now available! Rise is a mid-rise condo with only 12 floors, plus a penthouse level. Tucked away just off Lakeshore Rd E, the building will have only 132 suites ranging in size from 750 sq ft to over 1300 sq ft.
Contact our team today to gain the latest exclusive incentives!

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A boutique collection of only two hundred and four residences, including six townhomes, TANU weaves together all the right elements for modern urban life. There are still suites available!

Contact our team today to gain the latest exclusive incentives!

 
 
 

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