Cathy Graham - Markland Wood - August 2022

CATHY GRAHAM Sales Representative

416.722.7158 CathyGraham@Rogers.com www.HomesInMarklandWood.com www.CathyGraham.co

Attention Postmaster: Time Sensitive Material

Each office independently owned and operated.

JACQUELYN BURKE Sales Representative

647.290.5254 Jackie.burke143@gmail.com

Markland Wood Real Estate Market Report | August 2022

100% CLUB / 200% CLUB / PLATINUM CLUB / CHAIRMAN’S CLUB Published by REAL Marketing (RM) | www.REALMarketing4You.com | 604.841.1739 | © 2022

EXCEPTIONAL SERVICES, SUPERIOR RESULTS! SOLD OVER ASKING!

Presented by Cathy Graham and Jacquelyn Burke Your Markland Wood Real Estate Resource

17 BURNT LOG CRESCENT | OFFERED AT $2,299,000 Friends and Future Neighbours, Let us achieve the same exceptional results for you as we did for these clients.

Call us at 416.722.7158 or 647.290.5254 to have your home professionally marketed and featured in our monthly publication.

Prepared Especially for Friends and Future Neighbours

CATHY GRAHAM

Markland Wood

Sales Representative

416.722.7158 CathyGraham@Rogers.com www.HomesInMarklandWood.com www.CathyGraham.co

JACQUELYN BURKE Sales Representative

647.290.5254 Jackie.burke143@gmail.com

Years of Proven Performance...

Makes The Difference 100 Percent Club

200 Percent Club

100% CLUB | 200% CLUB | PLATINUM CLUB | CHAIRMAN’S CLUB

What a

READJUSTING MARKET

Means for You

Headlines report current market conditions that may leave you with more questions than answers. The past two years were record-breaking in nearly every way. Record-low mortgage rates, an influx of buyers, sellers waiting to list, and years of under-building created the most unique market.

This combination led to record-high demand and record-low supply, but wouldn’t be sustainable long term.

Friends and Future Neighbours, The real estate market is changing – if you’ve thought about making a change and moving into your next dream home, call us today at 416.722.7158 or 647.290.5254. Let’s discuss your options!

HOME SHOWINGS 2019 gave a good baseline of pre-pandemic levels. Showings skyrocketed during the pandemic, and while current demand has begun to moderate slightly, showings are still above 2019 and 2020 levels.

Real Estate Market Report | For more information, please visit: www.HomesInMarklandWood.com

Friends and Future Neighbours, This market report was created especially for you. For a more in-depth, comparative market analysis on your property, call us today at 416.722.7158 or 647.290.5254.

Markland Wood Homes Currently Listed Status

Style

Bedrooms

Bathrooms

Month Listed

List Price

Active

Backsplit

4

2

June

$1,450,888

Active

2 Storey

4

3

May

$1,749,900

Active

Backsplit

4

2

July

$1,798,000

Active

2 Storey

4

4

June

$2,549,000

Markland Wood Homes Sold in the Last 6 Months Street Name

Style

Bedrooms

Bathrooms

Month Sold

DOM

Sold

Burnt Log Crescent

2 Storey

5

4

June

7

Sold

Cherry Post Crescent

2 Storey

4

3

June

7

Sold

Markland Drive

2 Storey

5

4

June

37

Sold

Fieldstone Road

2 Storey

4

3

May

6

Sold

Arbroath Crescent

Backsplit

4

2

April

24

Sold

Silverthorne Bush Drive

Backsplit

4

3

April

7

Sold

Toledo Road

2 Storey

3

3

March

2

Sold

Mill Road

Bungalow

3

4

March

5

“This has been expected and forecast for some time — A slowdown to more normal levels of sales and a flattening out of prices.”

—CREA Chief Economist

Sold

Boxbury Road

Bungalow Raised

3

2

March

6

Sold

Markland Drive

Bungalow

3

3

February

7

Sold

Forest View Road

Backsplit

3

5

February

7

Sold

Toledo Road

2 Storey

3

4

February

7

THE MARKET ISN’T CRASHING

Sold

Grasspoint Crescent

Backsplit

3

4

February

3

Sold

Broadfield Drive

Backsplit

3

3

January

12

EXISTING HOME SALES Perspective is everything! While headlines are talking about sales declining, the market is on pace to close this year with more sales than 2019 and surpassing 2020.

THE EXPERTS SAY IT BEST

IT’S A TURNING POINT THAT’S MOVING BACK TOWARD MORE PRE-PANDEMIC LEVELS.

Status

Cathy Graham and RE/MAX Professionals Inc. are not in any way affiliated with Markland Wood Owners Association, nor is this in any way an official advertisement or publication of Markland Wood. © 2022 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the Real Estate Board of Toronto (TREB) between January 7th, and July 7th, 2022. Listings and sales may not be those of RE/MAX Professionals Inc. The (TREB) does not guarantee the accuracy of this data, which may not reflect all the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. If you do not wish to receive any further newsletter correspondence, please contact me by email or telephone.