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2011 Annual Report

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2011 Port Credit Real Estate Report

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2011 Annual Report

  1. 1. Direct: (905) 822-69002011 Royal LePage Real Estate Services Ltd., Brokerage Email: kpeterson@royallepage.ca Please visit: www.KatePeterson.ca SOUTH MISSISSAUGA RE AL ES TATE Market Study Residential Real Estate: Keeping you in touch with the market Sales Representative The Right Move
  2. 2. Sales Representative Biography Real Estate Experience Jeff Peterson • Licensed since 2005 Sales Representative • Royal LePage Top Producer for Jeff graduated from the University four consecutive years of Toronto with a B.A.Sc. in • President’s Gold Award 2008 – Engineering and followed that up Top 10% nationally for Royal LePage with an M.Sc. in Computer Science. • Director’s Platinum Award 2007 & 2009 – With that kind of background, Jeff’s approach to Top 5% nationally for Royal LePage real estate transactions is carefully measured which • Diamond Award 2010 – Top 3% Nationally is vital when assisting clients with the evaluation of for Royal LePage their investments and prospective purchases. When clients get immersed in the emotional aspects of real Affiliations estate choices, Jeff’s calm demeanor helps to see them • Member Toronto Real Estate Board through the negotiations to a successful conclusion. • Member Mississauga Real Estate Board Jeff was born in Toronto and grew up in Mississauga • Member Oakville Milton Real Estate Board with a few years in-between spent in Montreal and Calgary. He’s been married to Kate for 22 years and is Personal Background actively involved in the busy lives of their 4 children. • Married with four children He plays pickup hockey with friends in Port Credit • Mississauga resident ’81-’86 and soccer with a team in Burlington. • Mississauga / Port Credit resident since 1998 • Graduated from the University of Toronto with Lisa Korosak a BSc. in Psychology and Sociology Client Care Manager Previous Career Joining the Kate Peterson Team inTOP 3% IN CANADA • PR and Customer Service Representative for August 2010, Lisa brings a long for Royal LePage in 2010 HOMES Publishing Group family history as a Mississauga • Market Analyst for PMA Brethour Inc., Brokerage resident. Lisa’s background in graphic • Social Worker for Metropolitan Toronto Community design and advertising is an asset to the Kate Peterson and Social Services Dept. team and her past experience working in a corporate environment enables her to coordinate with clients in Leisure Activities a professional manner with a personal touch. Actively • Spending time with family and friends, watching involved in both her church and volunteering in her many a hockey game, skiing, squash and travelling. children’s schools, Lisa also continues to give back to the community. In her downtime, Lisa enjoys tennis, golf and travelling with her husband and two children.
  3. 3. AREAS COVERED IN THIS REPORT Kate’s MessageW12 The last few years have seen some interesting changes and fluctuations in theThe area bounded by Dundas St. to the North,Lake Ontario to the South, Etobicoke Creek real estate market with some incredible highs and some uncomfortable lows,to the East and The Credit River to the West. which thankfully were fairly short-lived when looked at in context with the long term. Now, as things seem to be moving towards a better balance, it wouldW13 appear that the peaks and valleys one can normally expect in the marketplaceThe area bounded by Dundas St. to theNorth, Lake Ontario to the South, The CreditRiver to the East and Winston Churchill Drive will not be of the same magnitude as we’ve experienced recently. Optimism forto the West a calmer, balanced marketplace in the coming year seems warranted.Note: that except for W12 and W13, theboundaries of the areas covered in this report Current market indicators, newspaper articles and real estate analysts are consistently on the same pageare not official real estate board or municipalboundaries and have been chosen for analysis as well to that effect. Employment is holding steady and interest rates, while having moved a point or two,purposes only. In some cases, sample sizes remain at historical lows. Consumers remain in the marketplace with a healthy respect for forecasts thatare too small to show definitive trends. real estate will continue to be a wise investment. Prudently however, they maintain an eye on the future,For more information, please contact Kate. watching for signs of change and so wise decisions on spending and financing are the order of the day. Nevertheless, outlooks indicating greater stability in the marketplace abound and this has been reflected in the market and reported by the real estate boards.STATISTICS IN THIS REPORT INCLUDE*: A wonderful new year lies ahead and buyers and sellers both can anticipate successful transactions and10 year history of Sale Prices, look forward to their wonderful new homes. With a wide network of professionals and service providersDays on Market, Listing Counts and available to my clients, I can help make your move a little easier. The right information, the right decisions,Sold Counts for: the right results... It’s The Right Move to have Kate by your side. Welcome to 2011.• Detached Homes• Semi-detached Homes• Townhomes• Condominiums• Vacant Land• Multi-Family Dwellings* All statistics are from the Toronto Real Estate Board. The Right Move
  4. 4. W12 W12 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010South East Mississauga # Listed 2,641 unavailable 1,530 1,625 1,669 1,782 1,693 1,856 1,549 1,67110 Year Price History # Sold 756 911 890 1,027 940 929 992 778 949 903 % of listings (W.) Dundas St. (E.) sold 29% unavailable 58% 63% 56% 52% 59% 42% 61% 54% Av. Price 246,370 278,399 314,428 334,805 386,820 398,770 438,257 452,426 492,764 540,438 % change -5% +13% +13% +6% +15% +3% +10% +3% +9% +9.5% eek vs. Prior Year e Cr Cr Median ed i co k 222,500 unavailable 265,000 289,900 322,250 340,000 357,500 386,500 412,000 445,000 Price it R Etob ive r Av. DOM unavailable unavailable 35 35 34 34 31 32 34 29 Lake Ontario $600,000 $500,000 $400,000 $300,000 1000 $200,000 500 $100,000 $0 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Average Sales Price Number of SalesAll statistics are from the Toronto Real Estate Board.
  5. 5. W13 W13 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 South West Mississauga # Listed 3,269 unavailable 1,580 1,652 1,562 1,624 1,513 1,585 1,346 1,623 10 Year Price History # Sold 930 985 1,003 997 903 883 888 707 816 863 % of listings Dundas St. W sold 28% unavailable 63% 60% 58% 54% 59% 45% 60% 53% Av. Price 305,111 334,160 354,534 403,287 450,257 473,622 516,659 509,995 549,079 591,837 d. % change hurchill Blv +4% +9.5% +6% +13.5% +11.5% +5% +9% -1.4% +8% +8% Cr vs. Prior Year e dit R iv Median er 247,000 unavailable 269,000 318,000 347,000 365,000 379,000 365,000 415,500 443,500 PriceWinston C Av. DOM unavailable unavailable 37 32 31 34 31 36 35 29 Lake Ontario $700,000 $600,000 $500,000 $400,000 $300,000 1000 $200,000 500 $100,000 $0 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Average Sales Price Number of Sales The Right Move
  6. 6. W12 and W13 $700,000Historical Average $600,000 $500,000Price Trend $400,000 W12 $300,000 W13 $200,000 $100,000 $0 2000 2006 2004 2008 2009 2005 2002 2003 2007 2001 1990 1984 1996 1994 1998 1999 1980 1988 1986 1995 1989 1992 1982 1993 1983 1985 1997 2010 1991 1987 1981 1979W12 and W13 700 2008(Combined) 600 ListingsListing to Sales Ratio 500 20102008-2009-2010 400 2009 300 Sales 200 100 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Listings /08 350 419 458 525 611 590 569 526 657 659 656 451 Sales /08 101 118 150 188 182 181 175 132 115 89 72 51 Sales % /08 29% 28% 33% 36% 30% 31% 31% 25% 18% 14% 11% 11% Listings /09 437 484 543 559 517 538 409 382 398 389 347 249 Sales /09 51 90 128 157 180 191 190 164 185 173 180 86 Sales % /09 12% 19% 24% 28% 35% 36% 46% 43% 46% 44% 52% 35% Listings /10 300 381 473 551 581 530 492 474 490 467 414 257 Sales /10 92 156 210 234 206 176 140 117 141 151 128 99 Sales % /10 31% 41% 44% 42% 35% 33% 28% 25% 29% 32% 31% 39%All statistics are from the Toronto Real Estate Board.
  7. 7. $1,400,000 $800,000 1,267,971$1,200,000 Mineola West 1,180,756 $700,000 Mineola East 695,573 681,817 Freehold Properties 1,120,626 Freehold Properties 1,086,779 624,393 $600,000 592,708$1,000,000 962,111 562,316 889,859 493,312 $500,000 $800,000 749,019 422,673 679,307 $400,000 373,134 606,592 361,567 $600,000 331,408 458,379 $300,000 $400,000 56 51 $200,000 46 48 41 42 33 33 36 34 $200,000 38 40 39 29 29 29 36 37 $100,000 24 20 $0 $0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Average Sold Price Average DOM Average Sold Price Average DOM $450,000 $600,000 $400,000 391,271 Mineola East Cawthra West 503,692 Condominium Townhomes $500,000 Freehold Properties $350,000 330,286 337,950 454,904 455,996 432,904 311,300 296,500 399,747 $300,000 279,500 $400,000 261,538 354,692 $250,000 244,650 229,450 315,235 220,586 299,403 $300,000 273,047 $200,000 54 241,866 $150,000 47 $200,000 40 38 39 33 $100,000 34 29 30 27 25 26 25 29 29 $100,000 23 26 $50,000 24 22 18 $0 $0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Average Sold Price Average DOM Average Sold Price Average DOM The Right Move
  8. 8. $800,000 $600,000 563,391 Port Credit Village 680,598 Port Credit West $700,000 Freehold Properties Freehold Properties $500,000 489,522 488,590 464,920 593,719 596,829 437,633 $600,000 544,180 413,078 534,134 363,338 510,930 $400,000 382,627 $500,000 439,468 420,514 $400,000 371,827 378,330 290,905 293,382 $300,000 56 $300,000 $200,000 39 39 38 35 33 $200,000 28 27 40 $100,000 36 34 33 36 22 $100,000 28 27 30 29 25 13 $0 $0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Average Sold Price Average DOM Average Sold Price Average DOM $1,000,000 $450,000 The Regatta 904,725 70 & 80 Port Street 418,923 426,619 $900,000 Condominiums 409,948 407,857 (65 Port Street) 839,475 831,667 $400,000 Condominiums $800,000 752,333 $700,000 $350,000 609,000 327,947 320,500 $600,000 568,429 114 552,143 528,800 93 $300,000 $500,000 69 70 53 52 59 60 46 $400,000 374,900 41 $250,000 31 33 28 $300,000 24 14 $200,000 $200,000 2002 2003 2004 2005 2006 2007 2008 2009 2010 2005 2006 2007 2008 2009 2010 Average Sold Price Average DOM Average Sold Price Average DOMAll statistics are from the Toronto Real Estate Board. Sample sizes may be too small to show a definitive trend.
  9. 9. $1,000,000 $300,000 Port Credit Village – Port Credit Village – 256,960 $900,000 874,000 853,743 Residences on the Lake 806,556 $250,000 North of Lakeshore 225,508 221,071 239,400 $800,000 Condominium Townhomes 791,250 Condominium Apartments 745,645 203,167 206,488 $200,000 191,577 697,500 186,561 $700,000 168,500 606,480 $600,000 565,886 $150,000 139,700 87 555,325 $500,000 63 $100,000 59 56 51 54 52 44 43 $400,000 45 44 43 36 37 36 34 $50,000 28 25 26 $300,000 $200,000 $0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Average Sold Price Average DOM Average Sold Price Average DOM $300,000 $500,000 281,752 459,944 460,406 Shawnmarr 271,444 262,660 $450,000 Queen Street 431,442 Condominium Townhomes 251,903 Condominium Townhomes 410,636 $250,000 240,586 396,417 $400,000 215,898 366,145 198,053 $350,000 334,261 $200,000 186,014 311,000 175,310 $300,000 293,117 162,714 279,106 $150,000 $250,000 $200,000 51 48 46 $100,000 41 $150,000 39 37 $100,000 30 32 28 27 $50,000 29 30 24 24 27 27 25 24 24 $50,000 19 $0 $0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Average Sold Price Average DOM Average Sold Price Average DOM The Right Move
  10. 10. $800,000 $1,200,000 761,499 740,374 Lorne Park North 696,794 Lorne Park South Freehold Properties 695,165 Freehold Properties 986,506 $700,000 $1,000,000 899,764 606,347 805,969 $600,000 $800,000 785,683 734,211 547,968 508,224 $600,000 582,323 $500,000 459,606 539,953 562,916 505,109 433,714 $400,000 389,668 $400,000 373,615 49 44 45 43 37 38 39 37 36 $300,000 33 34 34 $200,000 30 31 31 30 27 28 28 27 $200,000 $0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Average Sold Price Average DOM Average Sold Price Average DOM $1,400,000 $900,000 844,545 820,329 $1,200,000 Lorne Park East 1,157,554 $800,000 Lorne Park West Freehold Properties Freehold Properties 727,592 1,071,332 1,031,902 1,044,686 $700,000 641,815 647,640 652,097 $1,000,000 958,357 626,774 905,902 $600,000 547,431 $800,000 $500,000 723,275 722,683 443,975 414,241 604,723 $600,000 554,028 $400,000 $300,000 $400,000 $200,000 56 50 47 53 48 48 $200,000 42 44 41 39 37 $100,000 37 39 34 32 30 32 26 27 28 $0 $0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Average Sold Price Average DOM Average Sold Price Average DOMAll statistics are from the Toronto Real Estate Board. Sample sizes may be too small to show a definitive trend.
  11. 11. $900,000 $500,000 477,869 810,682 $800,000 Rattray Marsh $450,000 Sheridan Homelands Freehold Properties 734,838 Freehold Properties 425,883 428,009 685,490 399,277 $700,000 390,334 648,740 646,690 $400,000 367,272 $600,000 544,152 $350,000 522,289 331,447 $500,000 457,611 455,743 308,535 $300,000 288,897 400,790 272,081 $400,000 $250,000 $300,000 40 $200,000 35 $200,000 45 29 25 26 39 38 22 24 22 24 $100,000 37 34 $150,000 33 31 31 18 27 27 $0 $100,000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Average Sold Price Average DOM Average Sold Price Average DOM$1,300,000 $900,000 1,225,065 807,152 814,527 789,343$1,200,000 Mississauga Golf Club Area 1,137,205 $800,000 Sherwood Forest Freehold Properties Freehold Properties$1,100,000 1,066,722 $700,000 670,327 665,703 675,758 1,050,222$1,000,000 $600,000 546,603 918,296 517,646 515,984 899,447 $900,000 71 $500,000 462,996 $800,000 759,606 60 $400,000 734,083 699,032 52 52 $700,000 677,952 49 51 $300,000 46 47 47 44 42 41 $600,000 $200,000 37 33 34 $500,000 $100,000 28 30 27 27 22 $400,000 $0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Average Sold Price Average DOM Average Sold Price Average DOM The Right Move
  12. 12. Attention,Home Buyers Royal LePage Real Estate Services Ltd., Brokerage Sales Representative TOP 3% IN CANADAand Sellers for Royal LePage in 2010The Right Information CanMake All the Difference!Kate Peterson has built her business SOUTH MISSISSAUGAby always going the extra mileto ensure clients reach their goals.That’s why she’s offering thesespecial reports for people throughoutthe area.The Last 10 PropertiesSold in Your NeighbourhoodAsk Kate for a complimentarycopy of this vital resource that willhelp you gauge current market trendsand compare pricing in your area.The Five Hottest Buyson the MarketCall Kate today for a free copyof this important tool and get a jumpon the best values in your area.Call Today For YourFree Market Evaluation!Direct: (905) 822-6900Email: kpeterson@royallepage.ca The Right Information The Right Decisions The Right Results It’s The Right Move to have Kate by your side.Please visit: www.KatePeterson.ca Not intended to solicit properties already listed or buyers under contract.

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