Topham Park Gains Notice As Hot New Area To Buy In!!
2012 saw fewer sales (37) in Topham Park than 2011 (50) but the good news is the values have gone up. The biggest jump in value was for older 2 storey homes which increased by 26% in 2012 and the Cape Cod-style one & a half storeys at 27%. Bungalows went up 11%, traditional one & a half storeys 4% and custom new builds only 1.25%.
Our little neighbourhood seems to be gaining some recognition as a great place to live!
Cape Cod One & A Half Storey
Homes SOLD: 6 Average Days on market: 7 Average sold price: $494,667 Average list price: $480,432 High List Price: $499,000 Low List Price: $434,700
One & A Half Storey Homes SOLD: 3 Average Days on market: 16 Average sold price: $450,333 Average list price: $463,263 High List Price: $499,990 Low List Price: $429,900
Two Storey
Homes SOLD: 3 Average Days on market: 24 Average sold price: $646,333 Average list price: $642,666 High List Price: $799,999 Low List Price: $539,000
Custom Two Storey
Homes SOLD: 6 Average Days on market: 31 Average sold price: $749,417 Average list price: $773,467 High List Price: $929,000 Low List Price: $709,000
Bungalow
Homes SOLD: 19 Average Days on market: 14 Average sold price: $435,602 Average list price: $427,794 High List Price: $550,000 Low List Price: $299,900
** Stats from Toronto MLS® from: Jan/01/12 to Dec. 31/12
SELLING YOUR HOME ON YOUR OWN - OR USING A REAL ESTATE SALESPERSON
The Income Tax Act does not specifically set out whether or not a gain or loss is capital in nature. The taxpayer is responsible for reporting the gain as income or capital gain. This report may then be challenged by the Canada Customs and Revenue Agency with the onus of proof on the taxpayer.
If you have decided that now is the time to sell your home, you might be thinking: should I hire a Real Estate Sales Representative or do it alone. Have you ever considered repairing your own car? Anyone can buy the tools and parts. However, most of us just do not have the knowledge, training, experience or the expertise and commitment of time to do the job properly. Besides, there are plenty of experienced professionals to do the work for us.
A very accurate saying is that "Any home will sell once you get the price right." Of course, this is usually said from the perspective of dropping a price until it's too attractive to pass up. Actually, the accurate pricing of your home prior to listing is as much an art as it is a science.
A great many moves in our lives are to larger residences to accommodate growing families. Or, perhaps our financial development allows us to move up to a larger home with more features and amenities. There is no stress involved in trying to reduce our life’s stuff to fit into a smaller place. If anything, we just need to shop for some more furniture for the new larger place.
