News & My Thoughts
October 25, 2022
It is very tough to sell anything these days. Buyers expect 100k off the list price even if the property is reasonably priced. Sellers need to be patient. People are looking for deals and will forgo market price unless they really need to buy. Assignments are also tough to sell. Buyers are looking for distressed assignments as many can't close. Buyers hate seeing any profit made by the sellers, even if the assignment was purchased years ago.
August 15, 2022
We are seeing sellers cave to low-ball offers. The rate hikes and days on market are making sellers anxious. We've seen the 2M mark crack for double car detached 38' lot. It is a tough environment. Those who were praying for these prices back in January are now too scared to buy.
March 14, 2022
More inventory has come onto the market and things are settling down. In January, each new listing was breaking a record as there was no inventory. Prices are still very expensive, but you have a little more choice and you know the going rate for each type of house. Offer nights are still the norm, but many have flopped in the last three weeks.
Updated November 2022
Average Kleinburg Home Prices
| Type | Lot | SqFt | Price |
|---|---|---|---|
| Towns | - | 1,800 | $1,150,000 |
| Semis | - | 2,000 | $1,200,000 |
| Detached | 30' | 2,200 | $1,400,000 |
| Detached | 40' | 2,900 | $1,800,000 |
| Detached | 44' | 3500 | $2,100,000 |
| Detached | 50'+ | 3,800 | $2,300,000 |
Andre Pasche
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Prices After Corona
We take a look at the Toronto Real Estate numbers that are floating around since corona hit. You can paint a very different picture depending on what statistic you choose.
What Makes A Good Lot
My favorite video. You are making an enormous purchase. Don’t settle for a subpar lot. You will be stuck holding the bag when it comes time to sell.
Location
Where is Kleinburg and where are the new subdivisions being built? We also take a look at driving times to grocery stores, malls and transportation hubs.
Highway & Subway
Some people think Kleinburg is too far north. In this video we talk about the highway 27 extension and the subway extension. (updated video coming soon)
Recent Sales
| Type | Street | List | Sold | Beds | Baths | Date |
|---|---|---|---|---|---|---|
| Town | East's Corner Blvd | $1,150,000 | $1,120,000 | 3 | 3 | Sep '22 |
| Town | East's Corner Blvd | $1,270,000 | $1,185,000 | 4 | 4 | Aug '22 |
| Semi | Oren St | $1,270,000 | $1,250,000 | 3 | 4 | Aug '22 |
| Semi | Aster Dr | $1,300,000 | $1,250,000 | 3 | 3 | Aug '22 |
| Type | Street | Lot | SqFt | List | Sold | Beds | Baths | Date |
|---|---|---|---|---|---|---|---|---|
| Small Detached | Bright Land Dr | 30 | 2,000 | $1,530,000 | $1,400,000 | 4 | 4 | Oct' '22 |
| Small Detached | Moody Dr | 30 | 2,000 | $1,400,000 | $1,330,000 | 4 | 4 | Sep '22 |
| Small Detached | Pelee Ave | 30 | 2000 | $1,350,000 | $1,275,000 | 3 | 3 | Aug '22 |
| Small Detached | Pelee Ave | 30 | 2000 | $1,400,000 | $1,350,000 | 3 | 4 | Aug '22 |
| Small Detached | Danby st | 35 | 2,200 | $1,600,000 | $1,500,000 | 4 | 4 | Jul '22 |
| Type | Street | Lot | SqFt | List | Sold | Beds | Baths | Date |
|---|---|---|---|---|---|---|---|---|
| Double Car Detached | Galen Cres | 38 | 3,200 | $2,200,000 | $2,000,000 | 4 | 4 | Sep '22 |
| Double Car Detached | Boone Cres | 38 | 2,900 | $1,800,000 | $1,700,000 | 4 | 4 | Aug '22 |
| Double Car Detached | Danby St | 38 | 3,000 | $1,880,000 | $1,860,000 | 5+1 | 5 | Aug '22 |
| Double Car Detached | Timber Creek | 40 | 3,100 | $2,000,000 | $1,900,000 | 4 | 4 | Jul '22 |
| Double Car Detached | Boone Cres | 38 | 2,900 | $1,800,000 | $1,850,000 | 4 | 4 | Jul '22 |
| Type | Street | Lot | SqFt | List | Sold | Beds | Baths | Date |
|---|---|---|---|---|---|---|---|---|
| Bigger Detached | Tiburon Tr | 113 | 5,000 | $3,440,000 | $3,300,000 | 4 | 5 | Oct '22 |
| Bigger Detached | Timber Creek | 50 | 3,600 | $2,550,000 | $2,420,000 | 5 | 6 | Aug '22 |
| Bigger Detached | Rolling Green | 68 | 5,700 | $3,900,000 | $3,600,000 | 4 | 6 | Aug '22 |
| Bigger Detached | Woodgate Pines | 42 | 4,500 | $2,800,000 | $2,700,000 | 4 | 5 | Aug '22 |
| Bigger Detached | Chesney Cres | 50 | 3,200 | $2,600,000 | $2,300,000 | 4 | 4 | Jul '22 |