EVERYTHING REAL ESTATE
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Your go-to website for all things real estate in Stouffville! Buying & Selling Made Simple.
What did January 2022 look like for real estate? Here are the highlights:
50% UP IN STOUFFVILLE'S AVERAGE SELLING PRICE:
We’re seeing exponential growth in sale prices week-over-week and month-over-month. In Stouffville, TRREB (Toronto Regional Real Estate Board) recorded an average selling price of approx. $1.84M for January 2022, up by 50% compared to approx. $1.22M in January 2021. This is an increase of over $600,000 in one year – quite substantial.
18.2% DROP IN SALES VOLUME:
TRREB reported 5,636 sales during January 2022, down from 6,888 in January 2021. While considering this drop, sales remained substantial as January 2022 achieved a historical second-best high for its month. According to TRREB, average sales prices are anticipated to climb by 12% throughout the year.
LOW INVENTORY VS HIGH DEMAND:
Listings continue to remain in short supply, leading to exponential year-over-year price growth in Toronto and surrounding areas. Active listings at the end of January amounted to 4,140, reaching its lowest point in more than 20 years. It’s noteworthy to mention that the Government of Canada continues to fulfill their plan to increase immigration with over 1.2 million people entering the country by the end of 2023. This will most likely further increase the demand for housing and potentially higher selling prices.
BIDDING WARS CONTINUE:
Bidding wars have been the norm over the last few years, however as market conditions tighten, it’s become more difficult for buyers to secure a home on the resale market due to competition. With this, we are seeing the demand for condos increasing and more desirability for pre-construction homes.
With a rapidly rising population, the community of Stouffville is clearly no secret to homebuyers looking for somewhere to live close to the city limits. Home prices here have been some of the fastest rising so buying a home was a good investment years ago and should continue to be in the future.
OUR COMMUNITY
Stouffville has received check marks for high income, low crime rate, good weather and having a strong arts and sports community. It is said to be a safe, quaint, rural centre, and therefore is an attraction to empty nesters and new families alike.
With all the above, the choice to move to Stouffville might be an easy one.
NEW LOCAL DEVELOPMENT
Over the last decade, there has been a significant emphasis on the development of new single-family homes, especially along West Main Street. This development continues to encourage rapid intensification, a diversity of services, and new retail stores.
DINING DIVERSITY
There are also a surprising number of quality restaurants and bistros, with many of the best found right in the heart of downtown Stouffville. From fast food to five-star dining, and dozens of inviting coffee shops, you’ll quickly find that you don’t have to be a foodie to appreciate the outstanding dining diversity found on Stouffville’s ever-popular Main Street.
EASY COMMUTE
The community is well linked to Toronto and just a short drive away from Markham. Commuters are covered here as getting to work is easy with Highways 48, 404 and 407 nearby. The Stouffville GO Station is a three-minute drive away and the York Region Transit connects the Town to the Markham-Stouffville Hospital along the Ninth Line corridor.
MUSSELMAN’S LAKE
Experience a cottage feel in the city. A wonderful community on a scenic lake.
THE LATCHAM ART CENTRE
Public art gallery dedicated to contemporary art.
BRUCE’S MILL CONSERVATION PARK
Explore nature’s playground, walk a trail or go tree-top trekking.
TIMBER CREEK GOLF & FAMILY FUN
Great place for kids/ couples or families looking for some fun outdoors.
With over 20 years of combined experience in Sales, Finance, & Lending, our strategy for selling will get you top dollar. With our extensive knowledge and commitment to providing the best and most timely information to our clients, we will be your go-to resource for real estate industry insight and advice.
OUR COMMITTMENT TO YOU:
Our clients always come first! We learn your expectations, strategize a plan, keep you informed on any market changes, provide regular feedback on interest from prospective buyers, and make ourselves available any time of the day and work to get YOU the most.
COMMISSION:
We understand that your 'bottom line' is important. We keep our commission competative without sacrificing quality of service.
OUR SELLING PACKAGE:
Looking to find out what your home might be worth? We can help! Complete the below form for a free market analysis on your home.
Our homes and how we use them has evolved as we embrace multifunctional spaces, working from home, and a sense of retreat. Here are a few home design conepts that are trending this year!
MORE VINTAGE
With shortages and supply chain issues, celebrating one-of-a-kind finds will become increasingly important. Not only is shopping vintage an efficient and sustainable option, but it also adds character to a space.
DARK COLOURS AND EARTH TONES
Brown, copper, and other earthy tones are the new neutrals. Earthy textures, raw materials, and greenery are growing quickly in the home design world.
BRING ON THE TEXTURED FABRICS
Maybe it’s a reaction to a year and a half spent getting cozy at home, but expect lots of velvets, sherpas, and other textured fabrics. These types of fabrics add a chic and luxurious look to a space. Oh, and fringe is also making a comeback, especially on sofas and ottomans.
BLACK ACCENTS
Black accents are back this year (like they ever went away!) Black accents are a great way to add some edge and depth to more minimalist spaces. Black also adds contrast when the main elements such as walls and furniture are neutral colors.
NATURAL MATERIALS
Environmental awareness has been on the rise in every single aspect of our lives, and interior design is no exception. Natural materials are great neutrals and give an instant feeling of luxury and style to any space. Whether it be wood, marble, clay, terracotta, or even concrete —all come in colors and styles that will fit into virtually any decor style.
Our homes and how we use them has evolved as we embrace multifunctional spaces, working from home, and a sense of retreat. Here are a few home design concepts that are trending this year!
MORE VINTAGE
With shortages and supply chain issues, celebrating one-of-a-kind finds will become increasingly important. Not only is shopping vintage an efficient and sustainable option, but it also adds character to a space.
DARK COLOURS AND EARTH TONES
Brown, copper, and other earthy tones are the new neutrals. Earthy textures, raw materials, and greenery are growing quickly in the home design world.
BRING ON THE TEXTURED FABRICS
Maybe it’s a reaction to a year and a half spent getting cozy at home, but expect lots of velvets, sherpas, and other textured fabrics. These types of fabrics add a chic and luxurious look to a space. Oh, and fringe is also making a comeback, especially on sofas and ottomans.
BLACK ACCENTS
Black accents are back this year (like they ever went away!) Black accents are a great way to add some edge and depth to more minimalist spaces. Black also adds contrast when the main elements such as walls and furniture are neutral colors.
NATURAL MATERIALS
Environmental awareness has been on the rise in every single aspect of our lives, and interior design is no exception. Natural materials are great neutrals and give an instant feeling of luxury and style to any space. Whether it be wood, marble, clay, terracotta, or even concrete —all come in colors and styles that will fit into virtually any decor style.
Disclaimer: The information provided on this page and its corresponding links are from sources believed reliable, however, no responsibility is assumed for the accuracy of this information. Completing any above forms and clicking "submit" on this page will add you to our database for future real estate communications. Not intended to solicit clients currently under contract with another brokerage. Please advise if you are under contract with another brokerage.