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The Miller Report - February 2010
I hope you are well!
So far 2010 is hot with sellers receiving multiple offers for their homes while buyers enjoy amazingly low interest rates.
I would like to bring your attention to a few important items:
#1 - Currently my team can get you a 5-Year 1.7% Variable/Closed mortgage and a 5-Year 3.39% Fixed/Closed mortgage along with other options. We only offer these rates to clients of The Jay Miller Team. Please CLICK HERE or give us a call at 905-717-3525 for more details.
#2 - I have re-designed my website to be even more user friendly and enjoyable! Please CLICK HERE to check it out. I'd love your feedback, feel free to reply to this email with ideas or suggestions.
Here is your Real Estate Report to the end of January 2010...
Off To A Great Start!
Greater Toronto REALTORS® reported 4,986 transactions through the Multiple Listing Service (MLS®) in January 2010. This result represented a large increase over the 2,670 sales in January 2009 when the home sales were in a recessionary
trough. Last month's sales were slightly higher than the January average in the five years preceding 2009.
"The GTA housing market has rebounded well from the lows in sales experienced at the beginning of 2009. Sales climbed back to healthy levels across the GTA because the cost of home ownership remained affordable in the Toronto area," said TREB President Tom Lebour. "Increasingly confident consumers moved to take advantage of affordable home ownership."
The average home selling price in January 2010 climbed 19 per cent to $409,058, compared to 343,632 in the same month last year.
"Expect strong annual growth rates for existing home sales and average price through the first quarter as we continue to make comparisons to the weak market conditions at the beginning of
2009," said Jason Mercer, TREB's Senior Manager of Market Analysis. "The rate of sales and price growth will be lower in the second half of 2010."
From The Toronto Real Estate Board (TREB) Market Watch February 4th, 2010. TREB includes: York, Durham, Peel and part of Simcoe Regions.
Contact The Jay Miller Team today!
Helping you make informed decisions!
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