Real Estate Minute W/Steven
Tuesday, May 03, 2022
Happy Monday Morning quick update on the market, we hit 13,000 units (13,086) up 1000k since last week with 1,143 units actually selling, this is normal were heading into a spring market with inventory set to hit 16 to 17k by June/July . With the market dipping we scored an amazing property in South Hill Bolton last week, this fully renovated detached property located on one of the top 3 streets in south hill, originally listed at 1.5 million the home sat for 14 days and then sellers reduced the home to $ 1,398,000.00 and we secured it the same day Congrats to my clients !
I’m currently selling my personal residence I just want to say To all my current and past clients I love you guys and I give you all kudos for always getting the home ready on time for list date !! Me and my family have been non stop preparing our to get to market and its definitely created friction and instability through the household!
Talking about capital gains on our personal residence, this will disrupt further the amount of inventory that will be available to the market, our society is changing so aggressively to becoming more of a sleepy European climate, were homes are rarely traded and passed down through the ranks of family rather then being sold and moving into another residence. As we continue to vote one sided the wealth and future of country continues to diminish.