ORCHARD REPORT
JULY 2017
JULY 2017
as
nd
9
10 11 12
$900,000
ale Home Sales
$600,000
MAY
JUL
SEP
$400,000
NOV
ORCHARD LOCAL MARKET WATCH
JAN
rM
idd
pe
MAR
Toronto and Victoria lead global trends in luxury real estate markets
# SOLD
AVG. PRICE
HIGH PRICE
DAYS ON MARKET
30
21
2
-
858,484
1,134,886
992,500
-
1,081,000
1,600,100
1,155,000
-
11
10
6
-
SEMI DETACHED
2 bedroom
3 bedroom
4 bedroom
5 bedroom
1
-
751,000
-
751,000
-
6
-
LINK
2 bedroom
3 bedroom
4 bedroom
6 bedroom
2
-
660,550
-
691,000
-
6
-
TOWNHOUSES
2 bedroom
3 bedroom
4 bedroom
5 bedroom
1
13
-
600,000
682,464
-
600,000
843,000
-
22
8
-
TOTAL
70
1.5 TO 3 STOREY DETACHED
2 bedroom
3 bedroom
4 bedroom
5 bedroom
6 bedroom
Up
Our market evaluations are very comprehensive
and include sales of
$600,000
comparable properties over the past several months as well as our
forecast of market activity and conditions$500,000
in your neighbourhood for
the next few months.
$500,000
MAR
BURLINGTON AVERAGE RESALE
PRI
BURLINGTON
COMPLIMENTARY MARKET
8 9EVALUATION
10 11 12
$900,000
GTA Resale Home Sale
$700,000
JAN
The Burlington resale home market recorded 325 sales
in May -selling
down by
10.5%
The average
price
for versus
a resale hom
the 363 homes sold in May 2016. This is the second
consecutive
month
of volume
a jaw-dropping
28.9%
versus
the $649,93
weakness and is largely attributable to a dramatic
shif�
in
buyer
psychology
caused
set a new all-time high for the market, han
by the perceived future impact of the Ontario Government’s
FairinHousing
(which
which was set
March. Plan
On a year
to date b
was announced in April) and to the perceived impact
of anofimproved
supplylast
situation.
the tune
26.6% versus
year. This re
On the supply side, total homes available for salethere
at month-end
were increase
442 – upinbyhome
a pric
was an annual
whopping 44.0% versus May 2016. Of interest, thishomeowner,
marked the with
first-time
in
the
past
25
an average increase of $
consecutive months that inventory has actually increased
on
a
year-over-year
Theseoff desp
clearly showing no signsbasis.
of easing
two factors have combined to convince many would
be buyers
theironto
home
a huge
influxtoofpostpone
new listings
the mark
buying intentions temporarily in the hope of seeing prices
from their
current
lof�y aski
are stilldecline
also getting
prices
well above
levels. That said, prices are not going down so this buying
pause
is
likely
to
be
short-lived.
days on market is beginning to normalize (1
Call today and we will be happy to provide you with a complimentary,
$800,000
no obligation, current evaluation of the market value of your property.
It may be worth more than you think. $700,000
$800,000
$400,000
le
R
d
Du
BURLINGTON AVERAGE RESALE
PRICEAVERAGE RESALE2015
BURLINGTON
PRICE 2016 2017
e
Lin
by
ple
Ap
Broker
The average selling price for a resale home in Burlington in May was $837,719 - up by
a jaw-dropping 28.9% versus the $649,936 average price recorded in May 2016. This
set a new all-time high for the market, handily eclipsing the previous record of $814,187
which was set in March. On a year to date basis (January thru May), prices are now up to
the tune of 26.6% versus last year. This represents the seventh month in a row in which
there was an annual increase in home prices over $100,000 for the average Burlington
homeowner, with an average increase of $156,000 over this time frame. Price growth is
clearly showing no signs of easing off despite some recent buyer hesitation and despite
a huge influx of new listings onto the market in recent months. Burlington home sellers
are still also getting prices well above asking (104% of asking in May) although average
days on market is beginning to normalize (19 days in May versus 20 days in May 2016).
8
BURLINGTON
Orchard
AT ALL-TIME
VOLUME SLU
ek
St
BURLINGTON PRICES
AT ALL-TIME HIGH,
VOLUME SLUMPS
Bronte Cre
Latest 6 Month Recap of Solds - Dec 1, 2016 - May 31, 2017
10
According to a report recently released by Christie’s International Real
Estate, international investors maintain continued interest in Canada’s
high-end housing market. Specifically, Toronto and Victoria rank as the
top two cities in the world when it comes to luxury real estate market
growth. Compared to the political instability and economic uncertainty
seen in other major markets, Canada is viewed as a safer place to invest.
The report predicted sustained growth in this market with no indication
of slowing down. Interestingly, the report revealed that Hong Kong has
surpassed London as the top luxury residential real estate market, which
is the first time this has happened in five years.
YOUR ORCHARD REAL ESTATE GROUP!
For more detailed Orchard statistics:
orchardhomes.info
905.849.3360 DANCOOPER.COM
MAY
ORCHARD REPORT
JULY 2017
3RD ANNUAL SNAPD OAKVILLE CHARITY GOLF TOURNAMENT
When
When we
we were
were approached
approached to
to come
come on
on as
as the
the title
title
sponsor
sponsor for
for the
the 33rdrd Annual
Annual Snapd
Snapd Oakville
Oakville Charity
Charity Golf
Golf
Tournament,
Tournament, we
we accepted
accepted right
right away
away as
as we
we strongly
strongly
believe
believe in
in the
the causes
causes they
they support.
support. The
The Oakville
Oakville Hospital
Hospital
Foundation
Foundation and
and Easter
Easter Seals
Seals Ontario
Ontario are
are both
both important
important
and
and worthwhile
worthwhile causes
causes that
that contribute
contribute to
to our
our communities
communities
in
in signifi
significant
cant ways
ways and
and both
both are
are close
close to
to our
our hearts.
hearts.
role
role in
in the
the Braun’s
Braun’s life
life as
as both
both Luke
Luke and
and his
his brother
brother Zane
Zane
suff
suffer
er from
from Morquio
Morquio Syndrome,
Syndrome, aa rare
rare condition.
condition. Sadly
Sadly
Luke
Luke passed
passed away
away just
just weeks
weeks before
before the
the tournament
tournament from
from
complications
complications from
from surgery.
surgery. Meeting
Meeting Easter
Easter Seal
Seal kids
kids
Casey,
Casey, AJ,
AJ, Zane
Zane and
and Sydney
Sydney that
that day
day was
was awe-inspiring
awe-inspiring
for
for all
all of
of us.
us.
Seeing
Seeing and
and hearing
hearing the
the stories
stories fifirst-hand
rst-hand from
from these
these
At
At the
the Dan
Dan Cooper
Cooper Group
Group we
we are
are philanthropists
philanthropists at
at heart
heart remarkable
remarkable and
and resilient
resilient kids
kids further
further strengthens
strengthens our
our
and
and are
are committed
committed to
to giving
giving back
back to
to the
the communities
communities in
in responsibility
responsibility and
and has
has inspired
inspired us
us to
to participate
participate further
further
which
in
which we
we live.
live.
in such
such causes.
causes.
Luke
Luke Braun
Braun was
was an
an inspiring
inspiring and
and amazing
amazing individual.
individual. At
At
just
just 20
20 years
years of
of age
age he
he was
was an
an ambassador
ambassador for
for Easter
Easter
Seals
Seals who
who attended
attended all
all their
their events
events and
and spoke
spoke eloquently
eloquently
on
on their
their behalf.
behalf. Easter
Easter Seals
Seals has
has played
played aa signifi
significant
cant
$4,388,000
Flamborough - Contemporary Masterpiece
$1,899,000
Glen Williams - 4,135 sq. f�. Upscale Living Space
$1,888,000
Downtown Burlington – Premium Treed Lot
$1,638,000
Bronte - 188’ Deep Lot on Lakeshore!
$1,550,000
Streetsville - Custom Designed Executive
$1,488,000
Shoreacres - $220,000+ in Upgrades
$1,448,000
Glen Abbey - Renovated Top-to-Bottom
$1,395,000
South River – Golf Course North of Huntsville
$1,388,000
Old Oakville - Muskoka-like Rear Yard
$1,249,000
Bronte - Over 4,000 sq. f�. of Finished Space
$1,228,000
Lakeshore Woods - Spacious Executive
$1,190,000
Longmoor - Family Home in Great Location
$1,100,000
West Oakville - 64’ x 118’ Private Lot
$1,100,000
Bran�ford - Custom Masterpiece on 1.51 Acres
$888,900
Falgarwood - Huge 67’x125’ Pool-Sized Lot
YOUR HOME HERE
$869,000
Bronte - Heart of Bronte Village
$834,000
Lakeshore Woods - Turn-key Beauty
YOUR ORCHARD REAL ESTATE GROUP!
For more detailed Orchard statistics:
orchardhomes.info
ROBERT M. ROSE
Call for details on our all-inclusive
legal fee package for buyers.
905.338.9555
[email protected]
oakvillerealestatelaw.com
$769,800
Millcrof� - Exceptional Freehold Townhome
905.849.3360
DANCOOPER.COM
$738,000
Waterdown - A True Designer Showpiece!
Call for a
FREE Market
Evaluation
WE ARE
RED STONE CONTRACTING
JIM CARNEY
Home renovation build and design.
Custom kitchens, bathrooms, and basements.
905.901.1006
[email protected]
redstonecontracting.com
Certified Moving Consultant
Rawlinson Moving
905.847.5444
[email protected]
rawlinsonmoving.com
Not intended to solicit buyers or sellers currently under contract with a brokerage. Figures based on the latest 6 months and reflect all MLS® sales as reported by the REALTORS® Association of Hamilton-Burlington. Copyright © 2017
Mission Response Inc. 416-236-0543 www.missionresponse.com All Rights Reserved. Dan Cooper, Broker | Royal LePage Real Estate Services Ltd., Brokerage | Dan Cooper Group - 14 Members J0068