Scarlett Li's Real Estate E-Newsletter

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

Market Watch: July 23, 2010

Market Watch – July 2010 Resale Housing Market More Balanced in June
Greater Toronto REALTORS® reported 8,442 sales through the Multiple Listing Service® (MLS®) in June. This represented a 23 per cent decrease compared to the record 10,955 sales reported in June 2009. Sales for the second quarter of 2010 amounted to 28,810 – up one percent annually. Year-to-date sales through June were up 23 per cent to 50,455 compared to the first six months of 2009.... read more

Protecting Your Privacy While Your Home is on the Market
Numerous people are likely going to spend a considerable amount of time browsing through your home while it is on the market. If you are living in the home while it is for sale, your personal things will be on show too and potential buyers might look... read more

Mortgage Talk - Which Mortgage Should I Choose?
Home ownership may be the biggest investment you’ll ever make. That’s why it’s important to go into it with your eyes wide open. The first thing to keep in mind is that buying a home is never a simple proposition. Not only do you need to consider your budget, lifestyle and location, you need to look at the many housing and mortgage options.... read more

Should You Repair or Replace Your Home Windows?
Over the years, there have been many changes in style, technology, and function of windows. When deciding whether to repair or replace your existing windows, begin by considering their age and condition. As well, poorly designed, constructed and placed windows can cost money through heat or cooling loss.... read more

Pre-Paying a Mortgage Before Discharge
Homeowners who break a closed mortgage before maturity will often make a pre-payment before the mortgage is discharged. The idea is to reduce the mortgage balance and thereby pay less of a pre-payment penalty.... read more

Compliments of Scarlett Li

SPECIAL MENTION
Review 2010 GTA real estate market trend in graphic - a more visual way to see what had happened in GTA's housing market in comparison to previous years. view here

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 Dear Friends, My prediction of the sales activity was right on last month. I predicted 8,500 homes sold in June and in fact 8,442 homes sold! With approximately 25,500 homes for sale, that means that 2 out of 3 homes did not sell in June! July’s sales statistics will be similar. As we head into the heat of the Summer, the number of homes sold and homes available for sale will decrease. I expect approximately 7,500 homes out of the listed 24,000 homes to sell in July; again about 2 out of 3 homes will not sell. Prices will remain stable as this level of availability continues. I believe this balanced market of stable prices will continue until the Spring of 2011. While it’s easy to make a prediction, it’s another thing to be right (the weatherman for instance). Many factors influence buyers into or out of the market (lower interest rates, abundance of economical rental properties, being two examples) and that would mean another change in prices. A stable market is the best time to buy a home. There is a variety to choose from, there is no hurry, and there will be many offers conditional on getting the existing home sold and the opportunity to negotiate for a better price. It’s a different market that requires skill, knowledge and experience. When only 1 out of 3 homes sell, you must get a professional realtor on your side if you want to be the 1 that sells! There is an old expression that says,” make hay when the sun shines”. It’s a great time to buy a home or upgrade your home. Call me if you have any questions, I would be happy to talk. If your mortgage is coming up for renewal, do not automatically renew with your current mortgage company, I can generally get a lower rate for you and save you a lot of money! Click here to read the TREB report on May market Click here to read the TREB's July Mid-month Housing 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
Each office independently owned and operated
Direct: 416.705.5812
Office: 905.470.9800
E-mail: scarlett@liscarlett.com
www.LiScarlett.com

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