Scarlett Li's Real Estate E-Newsletter

GTA RE/MAX Agent Scarlett Li - A Realtor Who Knows Life With Style

Market Watch: June 28, 2009
Dear Friend,

Market Watch - June 2009 Housing Sales Continue to Trend Upward
Figures released by real estate boards around the country are showing a positive upward trend in sales driven by improved affordability and less uncertainty about the future... read more

Pricing Your Home To Sell Fast In a Buyer's Market
It's tough being the seller in a buyer's market. However, you can improve your odds with the right research. In many cases, making a smart deal and getting the best price comes down to studying your market and being an educated seller... read more

Give Your Home an Inexpensive and Fun Makeover This Summer
Many homeowners want to change their home’s decor but think they can’t afford it. Some even feel they should use the money to pay off their mortgage. However, revamping your home decor doesn't have to cost you a bundle. All it takes is creative think... read more

Buying a Home? Take Charge and Be in the Pilot Seat!
Buying a home is one of the major decisions that you will make in life, and is one of the largest financial transactions in your lifetime. Although there is much to consider when buying a home, if you do your research and approach the home buying pro... read more

Understanding Title Insurance
Title Insurance gives homeowners protection should someone else claim a legal interest in their property. It also protects homeowners against loss resulting from pre-existing municipal work orders, survey issues, certificate of location defects, unpa... read more

Compliments of Scarlett Li

Whether you are thinking of buying or selling your home, or are just curious as to real estate values in your neighbourhood, you will want to make sure you talk to a real estate professional who is knowledgeable and familiar with the area.

I invite you to call me at (416) 705-5812 for the most up-to-date market informaiton about Markham, Unionville, Richmond Hill and Scarborough.

I am never too busy for your referral and
thank you for your trust!!


	MARKET REPORT GTA May Resale Housing Sales Higher Than Last Year In May 2009, Greater Toronto REALTORS® reported 9,589 sales, up almost two per cent from May 2008 – the first annual increase since December 2007. The seasonally adjusted annual rate of sales in May was 81,3001.(1) "The resale housing market in the GTA has remained resilient in the face of challenging times globally," according to TREB President Maureen O’Neill. “Many home buyers have taken advantage of extremely low mortgage rates.” The average price for May transactions was $395,609 – down less than one per cent compared to the same month last year. “The average resale home price has moved in line with last year’s level because of tighter market conditions experienced this Spring,” stated Jason Mercer, TREB’s Senior Manager of Market Analysis. “Home sales have increased strongly relative to new listings, bolstering home prices.” (1)Seasonally adjusting TREB MLS® data removes recurring seasonal trends observed each year. For example, MLS® sales are highest in late spring each year and lowest in the winter months. Removing the recurring seasonality, allows for the analysis of a meaningful trend reflecting actual changes in market conditions. By multiplying the monthly seasonally-adjusted figure by 12, creating an annual rate, we can compare how the current month relates to historical annual figures. Click here to read the TREB report on May market

	If you, or someone you know, are thinking of making a move, please call me for the latest update on prices and sales activity in your area.

Scarlett Li
RE/MAX Realtron Realty Inc., Brokerage
Direct: 416.705.5812
Office: 416.289.3333
E-mail: scarlett@liscarlett.com
www.LiScarlett.com

Scarlett Li's logo is a registered trademark in Canada. RE/MAX logo is a registered trademark of RE/MAX International, Inc. in the United States, Canada and/or other countries.
© 2009 Scarlett Li. All rights reserved.