Jul 18

114 GLEDHILL AVE., TORONTO

ASKING PRICE $400,000

SELLING PRICE $506,000

PREVIOUS SELLING PRICE $193,000 (1998)

TAXES $3,098 (2011)

DAYS ON THE MARKET Seven

LISTING AGENT Linda Ing-Gilbert, Re/Max Hallmark Realty Ltd.

The Action: On a short street with schools at both ends, this two-bedroom house was one of about five detached properties simultaneously listed for sale in May.

Even in light of the competition, this two-storey residence sold quickly after nearly 80 private showings midweek and two busy public open houses one weekend.

What They Got: This roughly 60-year-old house contains an updated kitchen and four-piece bathroom, plus a rare family room with a gas fireplace, skylit vaulted ceilings and sliding patio doors to the private backyard and shed.

Hardwood floors appear everywhere from the living room and open dining area to the upper bedrooms, including a master suite with a deck.

Other assets include a lower-level office and laundry room, as well as a parking pad and four-year-old roof, heating and cooling systems.

The Agent’s Take: “Most houses in that area have three bedrooms, so this was a smaller, detached house with two bedrooms, but it was really well maintained,” agent Linda Ing-Gilbert says.

“For a professional couple looking for a condo in the same price point, this is a great alternative – a better one.”

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Jul 18
              •  
        • Few juxtapositions are as classic as the rough-dressed rube midst debonair cosmopolitans. So it shouldn’t be too surprising that every shelter mag you open right now is showing arrays of knocked-about furniture, bare-bulbed chandeliers and rusting industrial tables displayed alongside sleek Eames loungers and Eero Saarinen tulip tables. 

          Looks easy? Well, you can’t just drop some rough-edged agrarian elephant into a room full of mid-century city sophisticates.

      Read all post…

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      Jul 18

      (ORLANDO, FL) — According to the Florida Association of Realtors (FAR), Florida’s existing condo sales rose 8 percent in June with a total of 7,941 units sold statewide compared to 7,330 sold in June 2010.

      The statewide existing condo median sales price last month was $93,900; a year earlier, it was $92,300 for a 2 percent increase. The national median existing condo sales price was $165,400 in May 2011, according to the National Association of Realtors (NAR).

      “Promising signs continue for a slowly strengthening economy and housing market,” said 2011 Florida Realtors President Patricia Fitzgerald, manager/broker-associate with Illustrated Properties in Hobe Sound and Mariner Sands Country Club in Stuart. Read all post…

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      Tags: Condo Sales, Sales

      Jul 18

      With “Buyer’s Market” conditions being experienced right across the country, there are many hotspots with good deals for homebuyers and investors

      In conjunction with RPData, St.George Bank has recently published a report identifying 24 suburbs, which they believe represent the best value for homebuyers and investors.

      St.George Chief economist Besa Deda said the hotpots have been selected on a range of factors, including proximity to transport and retail amenities and the potential for renovation of properties in a suburb.

      She said there were  “pockets of opportunity for home buyers and investors seeking capital growth over the medium to long-term”.

      Another key factor was finding suburbs with attractive pricing – prices may have risen by less than the average for that area, or may be lower than similar suburbs in other area.

      “What you’ve got to remember is that we often view the housing market as one market, but really the housing market is a number of markets,” she said.

      “Even in a suburb, houses on one street can differ from houses on another street.”

      She said there were a number of suburbs included on the list which may have been overlooked, or undervalued compared to the pricing of neighbouring suburbs.

      “It might be surprising that some of these suburbs have been overlooked, particularly when you consider the growth that some of the nearby suburbs have witnessed.”

      Like many economists, she says relatively strong population growth and relatively low levels of new home construction should help to put a floor under the market.

      However, she warned that home buyers and investors will need to be vigilant with their research in coming years in order to spot value.

      The hotspots are:

      Sydney

      ·  Arncliffe (houses) ·  Eastlakes (units) ·  Newtown (units) ·  Potts Point (units) ·  Sydenham (houses)

      Melbourne

      ·  Braybrook (houses) ·  Carlton (units) ·  Heidelberg West (houses)< .li> ·  Kingsville (units) ·  Travancore (units)

      Brisbane

      ·  Arana Hills (houses) ·  Greenslopes (units) ·  Holland Park (houses) ·  Salisbury (houses) ·  Windsor (units)

      Adelaide

      ·  Dulwich (units) ·  Thebarton (houses)

      Hobart

      ·  New Town (units)

      Perth

      ·  Mirrabooka (houses) ·  West Leederville (units)

      Darwin

      ·  Tiwi (houses)

      Canberra

      ·  Braddon (units)

      Regional Australia

      ·  Newcastle, NSW (houses) ·  Gladstone, Qld (houses)

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      Tags: Hotspots

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