Three homes sold in West Rouge last month. They were originally listed at an average of $1,066,333 but adjusted down to $1,049,333. The final selling price? $1,050,000—slightly above the revised asking price.
It took 13 days on average to sell.
Right now, 9 homes are for sale. That gives us 3 months of inventory—right on the edge between a balanced and seller’s market. The absorption rate is 33%, meaning homes are moving but not flying off the shelf.
Bottom line: Buyers have some options, but good homes still sell. If you’re pricing right, you’re selling. If you’re overpricing, you’re adjusting. Simple.
Hey everyone, it’s Mike Lind here, back with another exciting episode diving into the houses that sold in West Rouge and Centennial for February 2024. Today, I’m sporting my Thievery Corporation shirt, a souvenir from a concert my wife attended at Drake’s club. Yes, I missed out on the concert, but I’ve got some interesting real estate stories to share with you.
But before we delve into the housing market, let me give you a glimpse into my recent concert experience. Standing in line with general admission tickets, my wife and I quickly realized we weren’t up for hours of standing. So, we splurged on VIP tickets, and boy, was it worth it! From the comfortable seating to the impeccable sound quality, it was a night to remember. But let’s steer back to real estate – that’s why you’re here, right?
First up, let’s talk about the hot properties in West Rouge. Mayberly Street seems to be a hit among buyers, with a charming three-bedroom, three-washroom house selling for $980,000 within just one day of listing. With hardwood floors, a deck, and a cozy wood-burning fireplace, it’s no wonder this property flew off the market.
Moving on to Island Road, a property with an intriguing story caught my attention. Initially listed at $999,000, this three-bedroom, two-bathroom house had a bumpy journey, staying on the market for 40 days. However, things took an unexpected turn when multiple offers poured in, eventually selling for $1,150,000. Despite needing some TLC, its pool and spacious yard added value, making it a worthy investment.
Now, let’s shift our focus to Blue Anchor Trail, where a newly built home stood out. Boasting modern design and ample space, this property left a lasting impression. Although not everyone’s cup of tea, its industrial farmhouse aesthetic appealed to many. With 40 photos on the MLS, there was no shortage of views for interested buyers.
But the real showstopper was on East Avenue, a three-bedroom, four-bathroom gem listed at $1.149 million. With 10 offers and a final sale price of $1.33 million, this property was a steal. Despite lacking exterior photos, its interior charm shone through, from hardwood floors to elegant finishes. With its proximity to schools and the GO station, it was an ideal find for any buyer.
Moving on to Centennial, let’s start with the first property on the list: Colonel Danforth. This house garnered a lot of attention and excitement upon its initial release due to its architectural uniqueness and stunning design. However, practical considerations soon became apparent upon closer inspection.
While the house boasted a beautiful blend of stone, wood, and steel elements, its layout posed challenges for most people. The finishes, such as the multicolored cabinets, were not to everyone’s taste, deviating from the more conventional one-color cabinets found in typical homes.
From an architectural standpoint, the house was impressive, almost resembling a hard loft alternative. Priced at $1.399 million, it eventually sold for $1.32 million after 40 days on the market. However, its unique features, including skylights and a glass floor, weren’t practical for everyone.
The property lacked adequate closet space, especially for couples sharing the space. Additionally, the division walls in the bedrooms didn’t provide sufficient sound barrier or privacy, making it less suitable for families.
Despite its drawbacks, the house had a unique appeal, especially with its elevated deck overlooking the ravine. However, the lack of landscaping and proximity to Lawrence Avenue added to its challenges. Nevertheless, its architectural uniqueness earned it a feature in Dwell magazine, showcasing its innovative design.
Transitioning to more traditional homes, we come to a property on Dona Street. Priced at $999,000 and eventually selling for $1,000,050, this detached brick house offered three bedrooms and three bathrooms. While the staging was commendable, some aspects of furniture placement could have been improved.
Moving through the main floor, the living-dining combination featured laminate floors laid diagonally, adding visual interest. However, better staging could have showcased the space more effectively, especially in the kitchen area.
The kitchen, although updated, lacked certain modern conveniences like task lighting and featured a busy backsplash. The basement, while finished, provided additional living space but didn’t significantly impact the overall value.
Despite its drawbacks, the property offered good value for its price, especially considering its location and proximity to amenities.
Next on Satchel Boulevard, an older-style home was listed for $1,000,150 and sold for $1,000,160 in just three days. With four bedrooms, four bathrooms, and a spacious backyard with an inground pool, this property offered considerable appeal.
The interior featured classic wood finishes, although painting the doors could be challenging. The bathrooms were updated to a basic standard, and while the basement wasn’t luxuriously finished, it added to the overall livable space.
The backyard, with its large size and pool, was a significant selling point. However, the proximity to neighboring properties and potential noise from Lawrence Avenue posed drawbacks.
Moving to townhouses, the Cardo townhouse on Centennial was listed for $799,000 and sold for $775,000 after 15 days. This beautifully renovated property featured unique herringbone floors and an open-concept layout, making it highly desirable despite its townhouse status.
The modern kitchen boasted quartz countertops, stainless steel appliances, and elegant finishes. With three bedrooms, three bathrooms, and a finished basement, it offered excellent value for its price, especially with its usable backyard and included maintenance fees.
On Lawrence Avenue, a freehold townhouse listed at $899,000 eventually sold for $845,000 after 31 days. While the property offered good value, its presentation left much to be desired. Lived-in conditions and minor issues like missing cabinet knobs detracted from its appeal, despite its two-car garage and low-maintenance yard.
Transitioning to Atchinson Avenue, a stunning three-bedroom home listed at $1 million sold for $1.195 million after 11 days. Virtually staged, the property showcased modern features like a two-way fireplace and updated kitchen. While it lacked some details like a chandelier, it offered excellent value with its finished basement and proximity to amenities.
On Stagecoach Drive, another townhouse listed at $798,000 sold for $857,000 in 14 days. While presenting well, some aspects like a mini-fridge in a bedroom could have been improved. However, with three bedrooms, three bathrooms, and a two-car garage, it offered good value, especially considering its location near the GO station.
Lastly, a property on And Dona Street offered three bedrooms and four bathrooms, selling for $1,000,040 after four days. Despite some minor flaws like a crowded backyard, it provided good value with its brick exterior, laminate floors, and updated bathrooms.
In summary, the February 2024 market overview for West Rouge and Centennial showed promising sales with homes often selling above asking price and within a relatively short timeframe. With the spring market approaching, now is an opportune time for buyers and sellers to prepare for upcoming opportunities.
Hello, and thanks for joining me once again for our weekly dive into the vibrant world of West Rouge real estate. This time, I’ve got a special treat for you – you’ll actually get to see my face as we explore the happenings in the region, including Centennial. This week, spanning from December 11th to the 17th of 2023, promises some interesting insights into the local real estate scene. So, let’s jump right in and take a closer look!
1. New Listings: A Holiday Hiatus
First things first – new listings. Well, it seems that this week, the real estate market in West Rouge decided to take a breather, much like the Pittsburgh Penguins on a Saturday game – a total goose egg, nada, zero new listings. It appears folks are already in holiday mode, diverting their attention away from house hunting. Lesson learned: listing your property this close to the holidays might not be the best idea.
2. Price Changes: Spotlight on 155 Colonel Danforth Trail
Now, onto the price changes. Our spotlight today is on 155 Colonel Danforth Trail, a detached gem with a new price tag of $1.399 million, up from $1.199 million. With three bedrooms and two bathrooms, this uniquely designed house caught my eye, despite potentially being held back by its Lawrence-facing backyard. A property worth considering, in my opinion.
3. Houses Off the Market: 142 Mayberley Crescent
Next up, let’s discuss the homes that have been taken off the market. One notable mention is 142 Mayberley Crescent, a detached original beauty originally priced at $899,000 but removed from the market at $1.045 million after 79 days. Three bedrooms, three washrooms, and, unfortunately, a single car garage asking for over $1 million. A bit of a stretch, wouldn’t you say?
4. Sold Conditional Houses: A Quiet Week
This week, the sold conditional houses segment is remarkably quiet – zero activity to report. However, we do have a successful sale to discuss. 119 Sunny Slope, a detached property initially priced at $1.075 million, sold for 93% of its asking price. A two-bedroom, two-bathroom dwelling, it spent 13 days on the market before finding its new owner.
5. Still On the Market: Current Snapshot
Concluding our weekly recap, let’s take a quick glance at the properties still on the market. 21 Hills and 10 Centennial 11 in West Rouge remain available for purchase, with prices ranging from $630,000 to $3.179 million. The average days on the market have increased to 47.
In Conclusion: A Festive Farewell
And that wraps up our West Rouge real estate roundup for this week. I’ll catch you again – well, maybe next week. However, considering the timeline, it might be Boxing Day rather than Christmas Day. Regardless, I wish you a Merry Christmas, happy holidays, and season’s greetings. Now, go back to whatever you were doing – play outside, enjoy the festivities, and I’ll see you later. Bye for now!
Let’s delve into the events of the past week in West Rouge concerning real estate from December 4th to the 10th, 2023. Here’s a breakdown of what we’ll cover:
Firstly, we’ll explore the new listings that have recently hit the market. Following that, we’ll discuss any noteworthy price changes. Then, we’ll move on to properties sold conditionally, those that were withdrawn from the market, and the always intriguing sold properties. Lastly, we’ll review what’s currently available on the market.
Let’s get started!
New Listings: Our first spotlight is on 22 Bluebird Place, a semi-detached property listed at $1,099,903 with four bedrooms and four washrooms.
Price Changes: Turning our attention to price adjustments, 24 Clems Drive (or Cleans Drive or Clemez Drive) is a detached home now priced at $2.39 million, down from its initial listing of $2.475 million. This property boasts five bedrooms and four washrooms. Additionally, 600 Lawrence Avenue East No. 32, a condo townhouse, has a new price of $749,800, reduced from $795,800, featuring three bedrooms and two washrooms.
Off the Market: Properties removed from the market include 93 Trelenock Avenue, initially listed at $999,900 but withdrawn at $959,000 after 56 days. Also, 22 Mildock Drive, originally priced at $1.333 million, remained unchanged upon withdrawal after 16 days.
Sold Conditionally: Revisiting 600 Lawrence Avenue East No. 32, this condo townhouse, listed at $749,800, is conditionally sold after 13 days on the market. Additionally, 51 East Avenue, another condo townhouse with a list price of $750,000, secured an offer after 34 days on the market.
Successfully Sold: Moving to sold properties, 60 Freeport Drive, a semi-detached home listed at $840,000, sold for 101% of its list price within 13 days. Similarly, 25 Winter Gardens Trail, a detached property listed at $1.229 million, achieved a 96% sale of its list price in 11 days (44 days considering price fluctuations).
Currently Available: As we wrap up, there are 23 houses for sale in the Tanner and Centennial neighborhoods, with 13 in West Rouge. The lowest-priced property is a condo townhouse at $638,000, while the highest is listed at $3,079,000. The average days on the market for available properties is 41.
It’s your friendly neighbourhood real estate enthusiast, Mike Lind, back with another monthly update on the houses that sold in West Rouge and Centennial in November 2023. I hope this finds you well amidst the hustle and bustle of the approaching holiday season.
First things first, if you’re wondering why I’m in a different setting, well, I’ve reclaimed my basement! Yes, the familiar territory where it all began. My office, now illuminated by a lovely window, serves as the hub for all things real estate. And yes, I’ve got my CDs, my life’s soundtrack, as the backdrop – a mess, but my mess.
Speaking of the holidays, are you ready for Christmas? Because I’m not. The mere thought of braving the malls at this time of year sends shivers down my spine. But enough about my holiday shopping dread; let’s dive into the real estate gems of West Rouge and Centennial for November 2023.
But before we get into the nitty-gritty, a quick shoutout to Miles Goodwin, the late guitarist and lead singer of April Wine, who sadly joined the 27 Club. A true rock legend, may he rest in peace.
Now, let’s rewind to November 2022 for a quick comparison. West Rouge saw six homes change hands, with an average list price of $1,339,433 and an average selling price of $1,294,833. Fast forward to November 2023, and we witnessed seven sales, boasting an average list price of $1,019,414 and an impressive average selling price of $1,000,032,143. Homes are flying off the market in just 15 days, fetching 102% of the asking price – a solid performance.
For Centennial in November 2022, six homes sold with an average list price of $1,339,433 and a selling price of $1,294,833. Now, in November 2023, six homes again changed hands, but with a slight dip in prices. The average list price was $1,237,800, and homes sold for an average of $1,272,000, taking just 14 days to seal the deal at 103% of the list price.
Year over year, West Rouge experienced a price decrease of 9.1%, with just under two and a half months of inventory on the market. Centennial, on the other hand, saw a 10.46% dip in prices, boasting nearly two months of inventory.
Now, onto the stars of the show – the houses that captured hearts and wallets in November 2023.
West Rouge Highlights:
Calderstone Crescent: A four-bedroom, four-washroom beauty on an 82×129-foot lot. Listed at $1.249 million, it sold for $1.21 million (97% of the list price) in just 17 days.
Silver Gardens: A four-bedroom, three-washroom home on a 45×105-foot lot. Listed at $1.45 million, it sold for $1.365 million (94% of the asking price) in 37 days.
Beaverbrook Court: A three-bedroom gem with a basement suite on a 50×120-foot lot. Listed at $799,900, it fetched $900,000 (113% of the list price) in just seven days.
Rouge Hills Drive: A four-bedroom, two-washroom haven on a 50×193-foot lot. Listed at $1,000,088, it sold for $1,170,000 (108% of the asking price) in 10 days.
Bryce Moore Drive: A two-bedroom plus basement suite on a 60×125-foot lot. Listed at $1,000,050, it sold for $1,000,010 (96% of the list price) in 14 days.
Centennial Standouts:
Freeport Drive: A three-bedroom, three-washroom gem on a 30×79-foot lot. Listed at $899,000, it sold for $880,000 (98% of the list price) in 27 days.
Darcy McGee Crescent: A four-bedroom, three-washroom stunner on a 55×110-foot lot. Listed at $1.199 million, it sold for $1.14 million (95% of the list price) in five days.
Lake Ridge Drive: A three-bedroom plus basement suite with four washrooms on a 25×100-foot lot. Listed at $1,199,900, it sold for $1,215,000 (101% of the asking price) in 13 days.
Meadowvale Road: A three-bedroom plus two-basement-suite charmer on a 60×126-foot lot. Listed at $949,900, it sold for $1,000,050 (111% of the list price) in six days.
Juanita Road: A four-bedroom plus two-basement-suite beauty on a 55×110-foot lot. Listed at $1.45 million, it sold for $1.63 million (112% of the list price) in 11 days.
Lawson Road: A massive four-bedroom plus basement suite with five washrooms on a 55×238-foot lot. Listed at $1.73 million, it sold for $1.717 million (99% of the asking price) in 20 days.
And there you have it – the rundown of the houses that made waves in West Rouge and Centennial for November 2023. I hope this information proves valuable, and if you’re interested in a complimentary annual review of your home’s value, feel free to reach out. Wishing you all a fantastic holiday season, and I’ll catch you in early January for the 2024 forecast!
Back in August, a pool company that I’ve used in the past was offering $50 off their pool closing fee if I booked early. I accepted the offer and scheduled my pool closing for the week after Thanksgiving.
Thanksgiving came and went, and so did the week that my pool was scheduled to be closed.
The closing never happened. Let me recount the series of (unfortunate) events.
Tuesday morning, following Thanksgiving, I called the company to ask which day they would be coming to close the pool. The person answering the phone didn’t have access to the schedule but took my info to have someone from the scheduling department get back to me later that day.
As the morning progessed to afternoon, I remembered getting a text from someone in the company so searched it up, found the contact, and texted them asking about what day to expect them.
No one returned my call or text that day.
Wednesday was a repeat of calls and texts.
With the temperatures getting into the single digits at night, rather than risk this company not coming out to close my pool, I searched on my neighbourhood Facebook group to see if I could find the consensus of my neighbours as the most trusted pool company. Here is what I found.
Diplomat LeisureScapes Pools Spas Hot Tubs
3.7 stars 88 Google reviews Hot tub store in Pickering, Ontario Service options: In-store shopping · Curbside pickup · Delivery Address: 637 Kingston Rd, Pickering, ON L1V 3N7 Hours: 9a.m. ⋅ Closes 5 p.m. Phone: (905) 839-8399
I put a lot of weight in Google reviews. Anything below 4 stars leads me to the lowest ratings to find out why. Here are a few of the 1 star rating reasons:
My neighbours were right! they warned me about the diplomat.. (esp the lady who owns it the business!) And my neighbours has owned pools over 20yrs.. Just imagine the REPEAT customers they lost because of bad customer attidude
Wow talk about bad customer service. Overpriced product and extremely poor customer service.
The store employees give wrong chemicals to do business and when you come back to talk the owner threats to call police. Stay away from this store. She doesn’t know I work with city and calling police to citizen of this country. Worst store
“Customer Service is the deciding factor of the success of a business”
I had multiple bitter experiences in Diplomat Pickering but today’s was the
Terrible service, push customers to buy chemicals you do not need. Over priced on chemical costs. Owner says i need to buy the pool heater and the salt generator first before they send someone over to qoute me the labour cost for
Looks like poor customer service and upselling from a crotchety owner are the issue with this pool company/store. On to the next listed company.
Bremner Pool And Spa
4.9 – 88 Google reviews Swimming pool contractor in Pickering, Ontario Service options: Online estimates Address: 637 Kingston Rd, Pickering, ON L1V 3N7 Areas served: Toronto and nearby areas Hours: Open 9 a.m.⋅ Closes 4:30 p.m. Phone: (905) 831-2498
I’ve used Bremner pool and spa before to buy my pool safety cover and install the safety grommets. They came out on time. They were competitively priced and had great follow-up service when one of the grommets came loose.
The reason I didn’t choose them right away is because they are a little mmore expensive than what other people tell me they pay for closing a pool.
I guess the old adage is true, you get what you pay for. I gladly pay for profesional and conscientious service.
Pool Mates Pool & Hot Tub Inc.
4.6 117 Google reviews Swimming pool repair service in Toronto, Ontario Address: 4191 Kingston Rd, Scarborough, ON M1E 2M5 Hours: 9 a.m. ⋅ Closes 5 p.m. Phone: (416) 282-0999
Lots of reviews and they average well above 4. I gave them a call to see how much they charge because one of the comments was they were a little more expensive than the others but they don’t mind paying for peace of mind after a shit-show with a discount pool closing company.
I was told that the price of closing was $430 plus tax and chemicals. That didn’t sound unreasonable to me, but the fact that they don’t have an all-in price, makes me think it will be over $500 when all is said and done.
Maybe it’s trust issues, but what’s to stop them from simply changing for stuff they didn’t use or didn’t need to use?
4.7 rating from over a hundred people should be strength enough for me to use them, but why would a stray from Bremner who charges about the same price.
Other companies mentioned,
Snow Pools – a local West Rouge and Centennial pool company that advertises in the Facebook group but has never returned any of my calls – skip
Some random dude, Shaun, that had a plug because he charged so little to close a pool – skip
Tecum Pools and Spa LTD.
5.0 28 Google reviews Swimming pool contractor in Toronto, Ontario Address: 19 Degrey Ct, Scarborough, ON M1G 1N5 Areas served: Toronto and nearby areas Hours: 9 a.m. ⋅ Closes 5 p.m. Phone: (416) 990-7665
28 reviews and all of them 5 star? I had to look into them further.
My call went to voicemail. I’m normally put off by voicemails and hang up rather than leave a message, but this one was so pleasant and professional that I felt like I had to leave one.
About a minute after leaving the voicemail, I received a follow-up text:
Hey! Sorry to have missed your call. Please try calling us again nd leaving your name and number and the reason for you call and we can get back to you as soon as possible. Or for a faster response you can also reply via text. Thanks! – Tecum Pools LTD.
This. Is. My. Type. Of. Service. I’m even willing to look past their gammar mistake (…reason for you call…)
Their website was easy to navigate, I just wish they had thei rates listed. Then again, none of the pool company websites had the rates posted.
Other notable Pool companies referred by people living in West Rouge and Centennial:
Rand Pools & Spas Inc.
4.0 57 Google reviews Swimming pool contractor in Pickering, Ontario Address: 906 Brock Rd, Pickering, ON L1W 1Z9 Areas served: Toronto and nearby areas Hours: Open ⋅ Closes 5 p.m. Phone: (905) 839-6180
Colonial Pools & Recreation
4.6 68 Google reviews Swimming pool supply store in Ajax, Ontario Service options: In-store shopping Address: 795 Westney Rd S #1, Ajax, ON L1S 3P8 Hours: Open ⋅ Closes 7 p.m. Phone: (905) 428-7665
I found that Pool Mates was recommended the most, followed by Bremner Pools and Spa.
In the end, after searching through the recommendations, and discovering so many highly-rated and trust-worthy pool companies, and even though I have used Bremner in the past, knowing I can trust them, Tecum left such an impression with me that I ended up hiring them to take care of my pool closing.
A Look At Houses Listed For Sale in West Rouge and Centennial
Houses listed for sale in West Rouge the week of September 25, 2023 to October 1, 2023
Address
Price
Type
Style
Beds
Baths
5 Birdsilver Gdns
$1,499,000
Detached
2-storey
4
3
68 Stagecoach Circ
$929,888
Townhouse
3-storey
3
3
35 Kirkdene Dr
$1,049,000
Detached
2-storey
3
3
142 Maberley Cres
$899,000
Detached
2-Storey
3
3
Houses listed for sale in Centennial the week of September 25, 2023 to October 1, 2023
Address
Price
Type
Style
Beds
Baths
5401 Lawrence Ave E
$849,999
Townhouse
2-Storey
3
4
68 Stagecoach Circ
$929,888
Townhouse
3-Storey
3
3
113 Colonel Danforth Tr
$1,399,000
Detached
2-Storey
4+1
3
Man, it is SLOW out there on the housing front in West Rouge and Centennial. Very little in terms of new listings coming on the mrket for sale.
With a whopping 4 new houses for sale this past week, West Rouge was the leader with new listings. Although 5 Birdsilver Gardens is a price reduction so does it really count as a new listing?
Centennial filed a protest against West Rouge for having a price change as a new listing which is still under review.
That being said, with 3 new houses listed for sale during week 39, Centennial has self-declared that it is a tie with West Rouge for new listings.
Overall, between Centennial and West Rouge, there are 30 houses currently for sale. That sums up another point about how slow the real estate market is, not only in West Rouge and Centennial, but in all of Toronto.
There are 13 homes currently for sale in Centennial.
West Rouge currently has 17 houses listed for sale on the market.
If you didn’t already know, I host a monthly video going over all of the houses that sold in West Rouge and Centennial.
Houses that sold in West Rouge, Cetennial, and Highland Creek April, 2023.
RIP Gordon Lightfoot.
27 houses sold in over the three neighbourhoods in April 2023.
West Rouge saw 8 houses change hands: Average List Price: $1,110,686 Average Sold Price: $1,147,750 Days on Market: 6 Year Over Year Price Change: -6.59% Demand Rate: 0.57 Months of Inventory: 1.75
Centennial was the most active with 10 houses sold: Average List Price: $1,339,865 Average Sold Price: $1,325,667 Days on Market: 8 Year Over Year Price Change: -7.43% Demand Rate: .454 Months of Inventory: 2.2
Highland Creek, with it’s high list prices, had 7 sold homes: Average List Price: $1,202,100 Average Sold Price: $1,375,014 Days on Market: 13 Year Over Year Price Change: -16.33% Demand Rate: .54 Months of Inventory: 1.86
Let me know if I should go back to going into detail about the houses and not just the stats.
Looking at the demand rate of the neighbourhoods, we can see that buyer confidence is strengthening. Buyers are not dumb. They are well-informed (maybe they know more than most agents actually) and are not interested in buying an over-priced turkey.
Please reach out to me and let’s start the conversation about when would be a good time to buy a new home and list your home for sale.
Text 647-559-2229 mike@mikelind.ca westrougeliving.com
The real estate market in West Rouge, Centennial, and Highland Creek was active in March seeing 23 houses sold.
Most of the selling activity was in West Rouge and Centennial. Highland Creek, with it’s high entry price into the neighbourhood, was stale in terms of sales. This may be because of continued unrealistic price expectations in the neighbourhood, homeowners wanting way more than the house is actuall worth, and would-be home buyers who are armed with knowledge and won’t buy a lump just for the sake of getting into the market.
Spring is just around the corner, we’ve had almost a full year of price and interest rate adjustments and the market looks primed to bounce back just like it did in 2008 (and I said it would).
Let’s take a look at what’s been happening…
WEST ROUGE
There were a total of 13 houses for sale in West Rouge. 10 of the houses for sale sold, 2 are sold conditionally, which leaves 1 house on the market for sale for buyers to choose from.
Yikes. That homeowner must be wondering why theirs was the only one that didn’t sell!
Year-over-year sold prices are down -14.84%.
The average listing price in West Rouge was $1,082,829. The average selling price was $1,151,600, 107% of the asking price, or 6.35% higher than the listed price, and the average time it took a house to sell was 9 days.
With only one house available, the months of inventory is 1.08 and the demand rate is .92 meaning there are approximately 8 buyers per house in West Rouge.
CENTENNIAL
There were a total of 18 houses listed for sale in Centennial, and much like West Rouge, 10 of the houses for sale sold.
Year-over-year sold prices are down -16.32%.
The average listing price in Centennial was $1,224,290. The average selling price was $1,245,300, 102% of the asking price, or 1.72% higher than the listed price, and the average time it took a house to sell was 10 days.
With 8 houses on the market (at the time of writing this), the months of inventory is 1.8 and the demand rate is .56 meaning there are approximately 4.5 buyers per house in Centennial.
HIGHLAND CREEK
In Highland Creek, there were a total of 12 houses listed for sale, but only 3 of the houses sale sold. I have toured every home that was for sale in Highland Creek and I think the listing prices put the ‘high’ in Highland Creek. Seriously, it must be the new cannabis shop there…
The average listing price in Highland Creek was $1,145,633. The average selling price was $1,420,000, (that’s one heck of a coincidence with my listing price comment!) 124% of the asking price, or 19.3% higher than the listed price, and the average time it took a house to sell was 4 days.
Year-over-year sold prices are down -10.9%.
8 houses on the market in Highland Creek (at the time of writing this) will take 4.3 months to sell and the demand rate is .14 meaning there are approximately 1.25 houses per buyer.
Thinking about buying or selling this year?
What I see is a market on the rise. It’s been almost a full year since the interest rate increases and the prices have adjusted down as much as I think they’re going to be.
Looking at the demand rate of the neighbourhoods, we can see that buyer confidence is strengthening. Buyers are not dumb. They are well-informed (maybe they know more than most agents actually) and are not interested in buying an over-priced turkey.
Please reach out to me and let’s start the conversation about when would be a good time to buy a new home and list your home for sale.