GTA Real Estate Market Watch - July 2019

By: Jay Rana

GTA Real Estate Market Watch - July 2019

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toronto real estate, markham real estate, york region real estate, stouffville real estate, home buyer, home seller, first time home buyer, starter home, TREB, century 21, re/max, keller williams, royal lepage, purple bricks, redfin, ibuyer, market watch, realtor, homes4less, sellhomes4less, search realty, jay rana, GetRANA, re4l

GTA Real Estate Market Watch - July 2019.


 

Here's what happened in the GTA Real Estate Market last month July 2019

Price comparison to July 2018 (last year) In essence, properties that were significantly under the $1M price point have appreciated in value, likely due to a few factors such as:

This downtrend in comparison to the previous month (June 2019) indicates that we are still running on the standard annual cyclical trend for the GTA real estate market, where, May & June are the peaks in sales & sale prices, followed by a dip in sales & prices in July.

If everything remains the same, we should see a further dip in August for sales & prices as per regular trends - which means one thing: BUYING OPPORTUNITIES!

Please note that these are overall GTA stats & trends, which do apply to the regions of York, Durham, Peel & Toronto - however, if you'd like specific information regarding a particular region or city, please let me know and I can provide more precise statistics and information.

Please note that economic impacts of trade negotiations/conflict, political conflict & changes in key interest rates can have an impact on the housing market which cannot be predicted, and can cause the annual cyclical trends to be thrown off. If there are any known variables that I become aware of that will cause some sort of impact - I will definitely make you aware of them.

August's Market Watch to be released in early September - catch you then!
Jay

If you're not satisfied with your home purchase in 180 days, I'LL SELL IT COMMISSION-FREE, GUARANTEED!*
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Jay Rana
Sales Representative, CENTURY 21 Titans Realty Inc. Brokerage
Real Estate Negotiation Expert, Real Estate Business Institute

www.getrana.com | jay@getrana.com | 647-930-1394 (direct) | 416-820-4504 (secondary)

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