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Is it a good time to sell? Do you think Beach area home prices are at their peak given national economic uncertainty?

Category: Questions Answers Discussion & Realtor

6 Comments → “Is it a good time to sell a home in The Beach?”


  1. Alex Prasoulis

    Realtor

    Feb 23, 2013

    Yes, Beach prices are at their peak now and it is a great time to sell! Contact me for a FREE Property Evaluation.

    reply

  2. Geoffrey Grace

    Realtor

    Nov 03, 2012

    Well, ten months after my initial reply, I wanted to share some insight…

    Right now is an amazing time to be “moving up” in the Beach. Homes under $1m are selling well, while there is a fair number of homes available over $1.5 that are not selling and reducing their prices.

    Call us to discuss a successful buy low, sell high move up strategy.

    reply

  3. Ara Mamourian

    Realtor

    Feb 28, 2012

    You’re right Geoffrey, it’s always a tough call. The market is currently on the Seller’s side. Most properties are seeing multiple offers and are selling for more than their predecessors. If you need to move and are looking for a time to pull the trigger now is the time. However if you are just curious and don’t really need to move you may want to seriously think about where you would buy. Remember, you’re Selling High but you’re also buying High. There is an opportunity for you to Sell your highly desirable beach home and transfer to a more up and coming community like the Junction for example where home prices are high but far from the peak in my opinion The East Danforth and little gems in East York area also have some interesting opportunities.

    reply

  4. Admin

    Guest

    Jan 23, 2012

    Interesting, looks like Toronto’s Hottest Neighbourhoods are The Beach and Junction-High Park right now:

    http://www.thestar.com/news/article/1119423

    Both are tied at 36 days… or how long it would take that neighbourhood to run out of inventory (homes for sale) if nothing new were listed.

    reply

  5. Geoffrey Grace

    Realtor

    Jan 11, 2012

    I see prices continuing to move higher. Having said that, the inventory of listings is extremely low right now – which will give sellers the upper hand. So yes, it’s a good time to list & sell.

    The flip side of that question is always: It it’s a good time to sell, what will you buy?

    reply

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