500 Jones Road - Comparable Market Analysis

500 Jones Road Comparable Market Analysis Hamilton

500 Jones Rd Stoney Creek

Thursday, June 17, 2021

Summary of Comparable Listings This page summarizes the comparable listings contained in this market analysis.

Active Listings Address 500 Jones Rd 127 COVE Crescent

Price

$699,900 $699,900

Averages:

3 3.0

1 1.1

SqFt

$/SqFt

List Date

1,152 1,152

$607.55 $607.55

06/09/2021

SqFt

$/SqFt

Sale Date

1,510 1,165 1,340 1,341 1,339

$417.22 $643.78 $579.85 $622.67 $565.88

04/22/2021 06/13/2021 05/20/2021 06/04/2021

Sold Listings Address 500 Jones Rd 74 Pinelands Avenue 143 COVE Crescent 100 GREENSTEM Crescent 14 Drakes Drive

Price

$630,000 $750,000 $777,000 $835,000 $748,000

Averages:

3 3 3 3 3.0

1 1 2 2 1.6

Low

Median

Average

High

Count

Comparable Price

$630,000

$750,000

$738,380

$835,000

5

Adjusted Comparable Price

$645,000

$760,000

$743,380

$830,000

5

On Average, the 'Sold' status comparable listings sold in 11 days for $748,000

Researched and prepared by Nicole Lanigan

Royal LePage State Realty

This is a comparative market analysis and should not be considered an appraisal. All information regardless of source is deemed reliable but not guaranteed. All rights reserved. Copyright RAHB 2021.

500 Jones Rd Stoney Creek Thursday, June 17, 2021

CMA Price Adjustments This page outlines the subject property versus comparables properties.

Subject Property 500 Jones Rd MLS® # Stoney Creek City Prop Type Sub Type Trans Type Status Hamilton Region Stoney Creek (51) Munic/Area Nbrhd/Sub-Area 3 Beds 2.0 Baths Total # Rooms Basement List Date List Price Sale Date Sale Price Parking Spaces Garage Acres/Range Sqft Total/Rng Lot Frontage Year Built/Age Taxes/Tax Year Total # Units Heat Source Heat Type Air Conditioning Style/Type

Price Total Adjustments Adjusted Price

Details

Adjust

127 COVE Crescent H4109281 Stoney Creek Residential Freehold Sale Active Hamilton Stoney Creek (51) Community Beach / Fifty Point (510) 3 1.1 10,000 5 Full - Unfinished 06/09/2021 $699,900

Details

Adjust

3 2 spaces / Attached

74 Pinelands Avenue H4103973 Stoney Creek Residential Freehold Sale Sold Hamilton Stoney Creek (51) Community Beach / Fifty Point (510) 3 1.0 15,000 6 Crawl Space - Unfinished 04/16/2021 $599,990 04/22/2021 $630,000 4 0 spaces / None

1,152 31 1992 / 16-30 Years $3,714 / 2020

1,510 46 1939 / 51-99 Years $3,781 / 2020

Gas Forced Air

Gas Forced Air

2 Storey

2 Storey

$699,900 $10,000 $709,900 Researched and prepared by Nicole Lanigan

$630,000 $15,000 $645,000 Royal LePage State Realty

This is a comparative market analysis and should not be considered an appraisal. All information regardless of source is deemed reliable but not guaranteed. All rights reserved. Copyright RAHB 2021.

500 Jones Rd Stoney Creek Thursday, June 17, 2021

CMA Price Adjustments This page outlines the subject property versus comparables properties.

Subject Property 500 Jones Rd MLS® # Stoney Creek City Prop Type Sub Type Trans Type Status Hamilton Region Stoney Creek (51) Munic/Area Nbrhd/Sub-Area 3 Beds 2.0 Baths Total # Rooms Basement List Date List Price Sale Date Sale Price Parking Spaces Garage Acres/Range Sqft Total/Rng Lot Frontage Year Built/Age Taxes/Tax Year Total # Units Heat Source Heat Type Air Conditioning Style/Type

Price Total Adjustments Adjusted Price

Details

Adjust

Details

Adjust

143 COVE Crescent H4108855 Stoney Creek Residential Freehold Sale Sold Hamilton Stoney Creek (51) Community Beach / Fifty Point (510) 3 1.2 10,000 6 Full - Fully Finished 06/04/2021 $749,900 06/13/2021 $750,000 3 2 spaces / Attached

100 GREENSTEM Crescent H4106745 Stoney Creek Residential Freehold Sale Sold Hamilton Stoney Creek (51) Community Beach / Fifty Point (510) 3 2.1 -5,000 7 Full - Unfinished 05/10/2021 $785,000 05/20/2021 $777,000 2 1 spaces / Attached

1,165 30 1991 / 16-30 Years $3,834 / 2021

1,340 30 - / 6-15 Years $3,893 / 2021

Gas Forced Air

Gas Forced Air

2 Storey

2 Storey

$750,000 $10,000 $760,000 Researched and prepared by Nicole Lanigan

$777,000 $-5,000 $772,000 Royal LePage State Realty

This is a comparative market analysis and should not be considered an appraisal. All information regardless of source is deemed reliable but not guaranteed. All rights reserved. Copyright RAHB 2021.

500 Jones Rd Stoney Creek Thursday, June 17, 2021

CMA Price Adjustments This page outlines the subject property versus comparables properties.

Subject Property 500 Jones Rd MLS® # Stoney Creek City Prop Type Sub Type Trans Type Status Hamilton Region Stoney Creek (51) Munic/Area Nbrhd/Sub-Area 3 Beds 2.0 Baths Total # Rooms Basement List Date List Price Sale Date Sale Price Parking Spaces Garage Acres/Range Sqft Total/Rng Lot Frontage Year Built/Age Taxes/Tax Year Total # Units Heat Source Heat Type Air Conditioning Style/Type

Price Total Adjustments Adjusted Price

Details

Adjust

14 Drakes Drive H4107029 Stoney Creek Residential Freehold Sale Sold Hamilton Stoney Creek (51) Community Beach / Fifty Point (510) 3 2.1 -5,000 7 Full - Fully Finished 05/18/2021 $851,000 06/04/2021 $835,000 3 1 spaces / Attached 1,341 34 1983 / 31-50 Years $4,019 / 2021 Gas Forced Air 2 Storey

$835,000 $-5,000 $830,000 Researched and prepared by Nicole Lanigan

Royal LePage State Realty

This is a comparative market analysis and should not be considered an appraisal. All information regardless of source is deemed reliable but not guaranteed. All rights reserved. Copyright RAHB 2021.

500 Jones Rd Stoney Creek

Thursday, June 17, 2021

Minimums and Maximums This page summarizes key fields of the listings in this analysis.

The listings in this analysis can be summarized as follows: Listing Price between $599,990 and $851,000 Sale Price between $630,000 and $835,000 1,152 to 1,510 Square Feet $397.34 to $643.69 per Square Foot $417.22 to $643.78 per Sold Square Foot

Researched and prepared by Nicole Lanigan

Royal LePage State Realty

This is a comparative market analysis and should not be considered an appraisal. All information regardless of source is deemed reliable but not guaranteed. All rights reserved. Copyright RAHB 2021.

500 Jones Rd Stoney Creek, ON

Thursday, June 17, 2021

Number of Days On Market This chart illustrates the level of excitement and interest in a new listing over time. It also demonstrates the importance of pricing correctly. When a property is first listed, it generates a very high level of interest from prospective buyers, which reduces dramatically over time. It is important to be priced correctly from the beginning, during the peak of this curve.

Days On Market 18 16

Days On Market

14 12 10 DOM

8 6 4 2

29 H

41

07 0

45 H

41

06 7

55 H

41

08 8

81 09 2 41 H

H

41

03 9

73

0

MLS® #

Researched and prepared by Nicole Lanigan

Royal LePage State Realty

This is a comparative market analysis and should not be considered an appraisal. All information regardless of source is deemed reliable but not guaranteed. All rights reserved. Copyright RAHB 2021.

500 Jones Rd Stoney Creek, ON

Thursday, June 17, 2021

CMA Map Layout This page displays the Map for the CMA Subject and your comparables .

500 Jones Rd, Stoney Creek 1 2 3 4 5

Researched and prepared by Nicole Lanigan

74 Pinelands Avenue, Stoney Creek 127 COVE Crescent, Stoney Creek 143 COVE Crescent, Stoney Creek 100 GREENSTEM Crescent, Stoney Creek 14 Drakes Drive, Stoney Creek

Royal LePage State Realty

This is a comparative market analysis and should not be considered an appraisal. All information regardless of source is deemed reliable but not guaranteed. All rights reserved. Copyright RAHB 2021.

500 Jones Rd Stoney Creek, ON

Thursday, June 17, 2021

List Price and Sale Price This graph illustrates the list price, along with the sale price in Sold listings.

Price Graph 1000K

800K

Price

600K List Price Sale Price

400K

200K

29 H

41

07 0

45 H

41

06 7

55 H

41

08 8

81 09 2 41 H

H

41

03 9

73

0K

MLS® #

Researched and prepared by Nicole Lanigan

Royal LePage State Realty

This is a comparative market analysis and should not be considered an appraisal. All information regardless of source is deemed reliable but not guaranteed. All rights reserved. Copyright RAHB 2021.

500 Jones Rd Stoney Creek

Thursday, June 17, 2021

Brief Summary of Compared Listings This report summarizes the comparable listings contained in this market analysis.

Status: Active MLS® # H4109281

List Date

Address

06/09/2021

127 COVE Crescent

Prop Sub Type Freehold

Averages:

SqFt

Bds

Bth

L Price

1,152

3

1.1

$699,900

8

1,152

3.0

1.1

$699,900

8

SqFt

Bds

Bth

L Price

S Price

S Price

SP/LP

DOM

Status: Sold Sale Date

Address

H4103973

04/22/2021

74 Pinelands Avenue

Freehold

1,510

3

1.0

$599,990

$630,000

105.0

H4108855

06/13/2021

143 COVE Crescent

Freehold

1,165

3

1.2

$749,900

$750,000

100.0

9

H4106745

05/20/2021

100 GREENSTEM Crescent

Freehold

1,340

3

2.1

$785,000

$777,000

99.0

10

H4107029

06/04/2021

14 Drakes Drive

Freehold

1,341

3

2.1

$851,000

$835,000

98.1

17

1,339

3.0

1.6

$746,473

$748,000

100.5

11

MLS® #

Prop Sub Type

Averages:

SP/LP

DOM 6

Summary Status

Total

Avg Price

Avg $ Per SqFt

Median

Low

$699,900

$607.55

$699,900

$699,900

Active

1

Sold

4

$748,000

$565.88

$763,500

Total

5

$738,380

$574.21

$750,000

Researched and prepared by Nicole Lanigan

High

Avg DOM

$699,900

8

$630,000

$835,000

11

$630,000

$835,000

10

Royal LePage State Realty

This is a comparative market analysis and should not be considered an appraisal. All information regardless of source is deemed reliable but not guaranteed. All rights reserved. Copyright RAHB 2021.

500 Jones Rd Stoney Creek

Thursday, June 17, 2021

Pricing Recommendation General Facts About Pricing...

There are certain factors that are within our control and some factors beyond our control when it comes to setting the price. Those factors within our control are: the appearance of the property, how aggressively we market the property and the price. Factors outside our control are: location of property, size and local amenities. It's important to accept those factors that are beyond our control and focus on the pricing and preparation.

A property priced at market value will attract more buyers than a home priced above market value.

Consider that a competitively priced property will also attract a greater number of potential buyers and increase your opportunity for a quick sale.

Market Statistics...

Sell Price Per Sq. Ft. Statistics

Sell Price Statistics Average Price:

$751,800

Average Price/Sq Ft:

$569

High Price:

$830,000

High Price/Sq Ft:

$652

Median Price:

$766,000

Median Price/Sq Ft:

$598

Low Price:

$645,000

Low Price/Sq Ft:

$427

Figures are based on selling price after adjustments, and rounded to the nearest $100.

Summary...

After analyzing your property, comparable properties on the market now, recent sales and comparable properties that failed to sell, I conclude that in the current market, your property is most likely to sell for .

Researched and prepared by Nicole Lanigan

Royal LePage State Realty

This is a comparative market analysis and should not be considered an appraisal. All information regardless of source is deemed reliable but not guaranteed. All rights reserved. Copyright RAHB 2021.

500 Jones Rd Stoney Creek, ON

Thursday, June 17, 2021

Market Analysis Explanation This is an explanation and overview of this market analysis.

This Comparative Market Analysis will help to determine the correct selling price of your home. Ultimately, the correct selling price is the highest possible price the market will bear.

This market analysis is divided into three categories: 1. Comparable homes that are currently for sale 2. Comparable homes that were recently sold 3. Comparable homes that failed to sell Looking at similar homes that are currently offered for sale , we can assess the alternatives that a serious buyer has from which to choose.

We can also be sure that we are not under pricing your home.

Looking at similar homes that were sold in the past few months, we can see a clear picture of how the market has valued homes that are comparable to yours. Banks and other lending institutions also analyze these sales to determine how much they can lend to qualified buyers.

Looking at similar homes that failed to sell, we can avoid pricing at a level that would not attract buyers.

This Comparative Market Analysis has been carefully prepared for you , analyzing homes similar to yours. The aim of this market analysis is to achieve the maximum selling price for your home, while being able to sell your home within a relatively short period of time.

Researched and prepared by Nicole Lanigan

Royal LePage State Realty

This is a comparative market analysis and should not be considered an appraisal. All information regardless of source is deemed reliable but not guaranteed. All rights reserved. Copyright RAHB 2021.

APPENDIX A: MPAC Assessment vs. Market Sale Price

APPENDIX A - MPAC Assessment vs. Market Sale Price Status Subject Sold Sold Sold Sold

Address 500 Jones Road 74 Pinelands 143 Cove Crescent 100 Greenstem Cres 14 Drakes Dr

MPAC $ $ $ $ $

Sale Price 359,000 347,000 352,000 376,000 369,000

$ $ $ $

630,000 750,000 777,000 835,000

AVERAGE

% Difference 81.56% 113.07% 106.65% 126.29%

106.89%

Based on an analysis of the average MPAC assessment value versus the market sale price of comparable properties, the estimated "market" value of the subject property is: Average $ 742,736 Range $ 812,371 to NOTE: * denotes properties included in the "Direct Comparison Approach".

$

767,470

However, this method of deriving value is only presented as an alternative analytical tool to provide the Seller with additional "actual" statistical information regarding the subject property. Furthermore, it is noted that this method of deriving value is not as accurate as traditional valuation methods such as the "Direct Comparison Approach to Value" and the "Cost Approach to Value". The information contained herein is provided for analytical purposes only and Royal LePage State Realty, Brokerage makes NO representations and/or warranties regarding the accuracy of this information and the relationship between this information and true market value.

APPENDIX B: Cost Approach to Value

APPENDIX B - COST APPROACH TO VALUE Land Value: 38.35 Front Ft @ Actual Age: Effective Age:

4000

$ 153,400.00

17 years 17 years

Improvements: Building Basement Garage Landscaping

1030 Sq. ft.

1000 *Sq. ft.

1

@ @ @

Cost New Depreciation @ 11% $ 164,800.00 $ 18,677.33 $ 50,000.00 $ 5,666.67 $ 60.00 $ 6.80 $ 20,000.00 $ 2,266.67 Total Current Value of All Improvements Indicated Value by the Cost Approach Value Rounded to $160 $50 $60

Current Value $ 146,122.67 $ 44,333.33 $ 53.20 $ 17,733.33 $ 208,242.53

$ 208,242.53 $ 361,642.53 $ 723,285.06

* estimate square footage The cost approach value has a minimal value in terms of deriving market value since the Land Value is a difficult value to derive based on comparable available market values in the area. Thus, this method of deriving value is only presented for the purpose of an alternative analytical tool used inorder to provide "actual" statistical information regarding the subject property. Furthermore, it is noted that this method of deriving value is not an accuarate representation of "market" value and the "Direct Comparison Approach to Value" illustrates a more accurate representation of value. The information contained herein is provided for analytical purposes only and Royal LePage State Realty, Brokerage makes NO representations and/or warranties regarding the accuracy of this information and the relationship between this information and true market value.

APPENDIX D: MPAC Report

GeoWarehouse AVM Enhanced Residential Report Property Address

500 JONES RD

Municipality

HAMILTON CITY

Real Time Market Value (AVM)

$ 710,000

Valuation Date (yyyymmdd)

20210609

Lower Confidence Limit

$ 658,000

Upper Confidence Limit

$ 746,000

Confidence Rating (H=High, M=Medium, L=Low)

H

Property Type

301 - Single-family detached (not on water)

Year Built

2004

Total Area (Above Grade) (sq ft)

1030

Basement Finished Area (sq ft)

0

Number of Bedrooms

3

Number of Full Bathrooms

2

Number of Half Bathrooms

0

Frontage (ft)

38.35

Depth (ft)

120.41

Site Area

0

Generated on 06/15/2021

Copyright © All rights reserved Municipal Property Assessment Corporation. Not to be reproduced by any means or distributed in any manner, in whole or in part, without prior written permission.

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APPENDIX E: Geowarehouse Enhanced Report

Client Report Generated on 2021

This report was prepared by:

500 JONES RD HAMILTON

Nicole Lanigan nicolelanigan@royallepage.ca

PIN 173470799

GeoWarehouse is a product of Teranet Real Estate Information Solutions

© 2021 Teranet Inc.

500 JONES RD

| PIN 173470799

Property Details GeoWarehouse Address:

500 JONES RD HAMILTON L8E6E3 PIN:

173470799

Land Registry Office:

HAMILTON WENTWORTH (62)

Land Registry Status:

Active

Registration Type:

Certified (Land Titles)

Ownership Type:

Freehold

Ownership Owner Name: BARNETT, FRANCES PATRICIA

Legal Description LOT 9, PLAN 62M968, STONEY CREEK, CITY OF HAMILTON ; S/T EASEMENT AS IN WE120250; S/T A RIGHT TO ENTER WITHIN 5 YRS AFTER 04/05/28 AS IN WE242741.

Report Generated On Jun 15, 2021 by Nicole Lanigan (411586)

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500 JONES RD

| PIN 173470799

Lot Size Area:

5048.27 sq.ft

Perimeter:

318.24 ft

Measurements:

105.92ft x 20.83ft x 28.01ft x 120.77ft x 42.73ft Lot Measurement Accuracy : LOW These lot boundaries may have been adjusted to fit within the overall parcel fabric and should only be considered to be estimates.

Assessment Information ARN 251800302029219

Phased-In Value

Assessed Value

$359,000

$359,000

2021 Tax Year

Based on Jan 1, 2016

Frontage: Depth:

38.35 ft 120.41 ft

Description:

Single-family detached (not on water)

Property Code:

301

Sales History Sale Date

Sale Amount Type

Party To

Jun 28, 2004

$211,428

BARNETT, FRANCES PATRICIA;

Transfer

Report Generated On Jun 15, 2021 by Nicole Lanigan (411586)

Notes

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500 JONES RD

| PIN 173470799

Demographics

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500 JONES RD

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| PIN 173470799

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500 JONES RD

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Dominant Market Group

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500 JONES RD

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| PIN 173470799

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500 JONES RD

| PIN 173470799

Dominant Market Group

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500 JONES RD

| PIN 173470799

Comparable Sales Data Not Available

Area Heat Maps Average Sales Heat Maps - Last 1 Year Block

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500 JONES RD

| PIN 173470799

Growth Rate Heat Maps - Last 5 Years Block

Market Turnover Heat Maps - Last 1 Year Block

Report Generated On Jun 15, 2021 by Nicole Lanigan (411586)

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500 JONES RD

| PIN 173470799

Historical Market Trends Average Sale Values and Growth Rates

Market Turnover Rates

Report Generated On Jun 15, 2021 by Nicole Lanigan (411586)

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500 JONES RD

| PIN 173470799

Market Statistics Area Map Average Sales Price - Last 1 Year

$588,691

$656,117 Municipality

Block

Growth Rate - Last 5 Years

Market Turnover - Last 1 Year

5 Year Analysis Data Not Available

Report Generated On Jun 15, 2021 by Nicole Lanigan (411586)

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500 JONES RD

| PIN 173470799

Terms and Conditions Reports Not the Official Record. Reports, other than the Parcel Register, obtained through Geowarehouse are not the official government record and will not necessarily reflect the current status of interests in land.

Currency of Information. Data contained in the Geowarehouse reports are not maintained real-time. Data contained in reports, other than the Parcel Register, may be out of date ten business days or more from data contained in POLARIS. Coverage. Data, information and other products and services accessed through the Land Registry Information Services are limited to land registry offices in the areas identified on the coverage map.

Completeness of the Sales History Report. Some Sales History Reports may be incomplete due to the amount of data collected during POLARIS title automation. Subject properties may also show nominal consideration or sales price (e.g. $2) in cases such as transfers between spouses or in tax exempt transfers.

Demographic Information. Demographic Information is obtained from Environics Analytics. Environics Analytics acquires and distributes Statistics Canada files in accordance with the Government of Canada's Open Data Policy. No information on any individual or household was made a vailable to Environics Analytics by Statistics Canada.

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Parcel Mapping shown on the site was compiled using plans and documents recorded in the Land Registry System and has been prepared for property indexing purposes only. It is not a Plan of Survey. For actual dimensions of property boundaries, see recorded plans and documents.

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APPENDIX G: Market Stats

OUTSTANDING MARKET REVIEW Our goal is to ensure that our aggressive and ‘dialled-in’ marketing plan get the most exposure of your property listing in front of serious qualified purchasers.

It’s important for us to keep communication open with you and routinely review the market conditions and our marketing efforts.

MARKET CONDITIONS

The conditions of the macro and micro markets surrounding your property are key to understand when offering your property for sale. As your real estate advisors, it’s important for us to make sure that we effectively communicate those conditions with you so that you may be informed.

Months-of-Inventory [M.O.I.] Determining the current market conditions, and type of market, is key in order to provide professional guidance with the sale of your property. A ‘market intelligence’ tool that illustrates the strength of the market is determining the number of months’ of inventory. This metric identifies the strength of the market be indicating market demand. Typically:

“Seller’s Market” is identified as between 0-4 months’ of inventory.

“Balanced Market” is typically represented by 4-6 months of inventory.

“Buyer’s Market” is defined as anything over 6+ months of inventory.

1 The Heddle Group. | www.theHeddleGroup.ca | info@theheddlegroup.ca