Real Estate Boom or Bust? Correction Coming or More Higher Prices?

By: Michelle Makos

Real Estate Boom or Bust? Correction Coming or More Higher Prices?

Tags: real estate market, housing costs, charts, home sale prices, bust, boom, housing crisis, correction, what ever you want to call it

I have had so many people ask me "What do you think is going to happen to the market?"   I do not have a crystal ball, nor do I predict the future.  I can only comment on my own personal experiences and in 1989 we saw the real estate market basically tank... and during that time I was heavily invested in the market and also pregnant with my first child.   So that will age ...Read More

Important Changes coming - LTT

By: Michelle Makos

Important Changes coming - LTT

Tags: LTT, Important Changes, First Time Buyers, Must Read, New Rules, Land Transfer Tax,

City of Toronto Council has approved changes to the Toronto Land Transfer Tax that mean additional Toronto Land Transfer Tax costs for some home buyers with a closing date on or after March 1, 2017, when it will be harmonized with the provincial LTT. Click here to see the detailed City of Toronto Notice on the “original” proposed changes posted in December 2016 (NOTE:...Read More

The New Reality in Durham Region - CRAZY

By: Michelle Makos

The New Reality in Durham Region - CRAZY

Tags: Mulitple offers, Bidding Wars, Over Asking, Real Estate Market, Durham Region Real Estate

  Ok so I have been telling everyone how the market is crazy out there and multiple offers are everywhere.  Well folks, this is the new reality.  This was last night !!!  In Whitby, a bungalow with a single car garage... listed for 549,900 and had 32 offers and sold for $900,000 When is this nonsense going to stop !   That means 31 families LOST.  31 agents left w...Read More

Durham House Prices up 36% from same time last year !

By: Michelle Makos

Durham House Prices up 36% from same time last year !

Tags: Durham real estate, Pickering homes for sale, ajax house prices, whitby house prices, selling your durham home, selling your home, Durham homes for sale, housing prices, Pickering homes, Pickering house sales

Well everyone, the numbers are out !!!  The average selling price in Durham Region reached $608,417 last month.  In comparison, the average selling price was $446,117 during the same period last year. That is a 36% percent increase !!!  Wow ! Who knows how long this ride will continue but if you are thinking on selling I would love to meet with you and show you how these numbers ...Read More

What is your Walk Away Number?

By: Michelle Makos

What is your Walk Away Number?

Tags: Bidding war, multiple offers, Pickering home selling

Hey everyone, Just thought I would give you a quick update with what is happening in the market out here.   Buyers are completely frustrated and so are the agents.  The prices are going up every day.  This weekend a house in Whitby listed for 7 something sold for over ONE MILLION dollars... Complete craziness. So I guess what I am trying to say is work with someone you trust. &nbs...Read More

January 2017 TREB Market Watch Released

By: Michelle Makos

January 2017 TREB Market Watch Released

Tags: Home Prices in Toronto and Durham Region, Pickering Home Prices, Market Prices, Housing Prices, Home Sales, House Price Stats, Selling my Home, Pickering Real Estate Market

No surprises here !  Market up 11.8% in sales compared to January 2016 and the prices are up 22.3%.   If you are thinking of selling, this might be the year to capitalize on the equity in your home and the strong housing market.  For a more in depth analysis of your home and what I can do for you, let me know.   TREB January 2017 Market Watch from Michelle Makos ...Read More

Average Selling Price - Durham Region December 2016

By: Michelle Makos

Average Selling Price - Durham Region December 2016

Tags: Average Selling Prices, Durham Region Prices, Selling your home, prices in Pickering, Pickering home prices, Ajax prices, Whitby prices, Oshawa home selling prices, market prices in December 2016, selling my house, real estate agent durham

  Another increase ~ Homes up over 20% from same time last year... WOW !   ...Read More

December 2016 Market Watch - Another Record Year

By: Michelle Makos

December 2016 Market Watch - Another Record Year

Tags: real estate prices, buying a home, average selling price, December 2016 house prices, housing market, market research, December 2016 final market report

WOW - OVER A $200,000 INCREASE IN AVERAGE HOME SELLING PRICE SINCE DECEMBER 2013 TREB December Market Watch 2016 from Michelle Makos   Interesting Fact - December 2013 - Average Selling Prices was $520,398 and December 2016 - Average Selling Price is $729,922... not a bad return on investment ! For more information if buying or selling a home, feel free to contact me for personal and pr...Read More

2017 - What's next?

By: Michelle Makos

2017 - What's next?

Tags: 2017 housing prices, multiple offers, homes for sale in Pickering, buying a home in 2017, what you need to know when buying a home, market predictions for 2017, Durham Region Realtor, find your dream home, what to do when buying a home

Happy 2017 everyone... just a quick message as the website has had many visitors over the past two weeks and I don't want anyone to get discouraged.  The listings have been few and far between over the holidays as most sellers are waiting for "normal" to return to the workplace and kids to be back at school etc.   Today, TREB released the market stats for Decemb...Read More

Average Durham Housing Prices - November 2016

By: Michelle Makos

Average Durham Housing Prices - November 2016

Tags: House Prices in Durham, Michelle Makos, Royal Heritage Realty, Durham homes, Selling your homes, Home worth, What is my home worth

Well as we wait to see what the December numbers are, here are the November numbers released from the Durham Region Association of Realtors. The numbers speak for themselves.      I will be sure to post the year end numbers for 2016 as soon as they are released. At this time I would like to wish everyone a happy, healthy and prosperous New Year.   Looks like it is going t...Read More