The latest Toronto Real Estate Board stats for home sales in our region are eye opening. It’s definitely a seller’s market with a growing shortage of available homes for sale. There are only 35 homes listed on TREB for Whitchurch Stouffville and how long will the boom last?
The York/Stouffville area is becoming popular. And as more migrants from the Toronto area move here, along with people returning from Western Canada, your home’s value will increase dramatically.
These stats below reveal how average days on market has fallen dramatically, and the average sales price of a house is up $116,000 or about 19%. It’s almost like winning a lottery. And 2015 may bring another huge boost in listing and selling prices.
You might not have thought of your Stouffville/Uxbridge or Aurora/Newmarket home as being a million dollar property, however buyers are desperate for high end homes. With some great upgrades, you might lift yours into that category.
The Price Boom in Whitchurch Stouffville area Real Estate
Upgrade Your Home to Sell for More
If you modernize, upgrade or renovate one aspect of your home, it helps prospective buyers visualize how they could transform your place into their dream home. A brand new glass and stone design bathroom might be the one feature that really inspires them.
And don’t be discouraged to realize they won’t find your house ideal. Every house hunter has their own unique preferences and living style. 90% of prospective buyers won’t like your home’s layout, bathroom, kitchen, windows, flooring, and style. That’s just the way it is. So why not help them see the potential instead of hoping they can visualize how it might look.
What are the renovations that carry the most weight with resale value? We covered that in this post. You may want to speak to a York Region Geothermal heating system installer too since free heating in a big house is a nice bonus.
And keep all that energy inside with new energy efficient windows.
With interest rates remaining low, it’s not a bad time to consider home window replacement. We have some great energy saving products and you’ll love the increase in comfort. Check out financing options including energy rebate programs from the government and private companies.