I had someone inquire about last week’s 3-pointer videos on Instagram (which I haven’t posted the follow-up article to, sorry). The inquiry was specifically about the meaning of a supply-flood, and how exactly that may take shape. A flood, or other type of supply-shock is probably the biggest vulnerability the real estate market faces right … Continue reading Watch for these 3 supply flood indicators in the real estate market.
Real estate is a technology. I've had this idea marinating in my head for a little while that is sort of an expansion of the concept I've already communicated I believe in: real estate is a technology. Land is the surface of a floating rock in space we're lucky enough to exist upon. It is a … Continue reading The burning Amazon, and real estate as an information system
Real estate supply & demand I've been writing a lot about demand factors lately, and perhaps that's a function of the buyer's market we're currently in. So, as an aside, I will be releasing my Summer 2019 market report sometime within the next few days, but here's a teaser infographic reiterating that we are, in fact, in … Continue reading WTF is a buyer’s market?
York Region, Ontario had a total dollar volume of $660,347,405 worth of real estate traded so far in 2015. The average price of a home is $778,712 and the median price of a home is $710,000 The average sale to list ratio this year is 100% and properties are on market for an average of 23 days. There have been 753 new listings so far this year in YORK REGION Currently, there are 2807 active listings in the area.