Good morning, good evening, and good afternoon.
Paul Andrigo, realestatepodcastshow.com. Today I'm doing the top sold stories of Toronto GTA.
This is the week 51 report.
This is the second, final episode of these weekly recaps that I do.
And every time I do them, it's always.
Incredible to dig in to these soul stories and to share them with you and make
sure that you get to actually see what I see.
So in addition to making sure that you guys see these reports,
when you look at the sold map for this week,
which you'll see as the graphic for the podcast, if you look at the sold map
and you see some wild, crazy numbers on there near where you live,
that should be enough reason.
If you're even remotely in the, in a position to think about making a move soon,
what you're going to want to do is find out what that recent sold,
what effect that recent sold has on you.
And it's important for you to understand that just because a property sold,
that does not mean that the buyers have moved on.
So of the people that may have bid on a property or the people that may have
been looking at a property near you, there could still be a dozen more buyers still looking.
And the good news about my system, when I help you get your properties listed
and make sure that your stories are being told, this is something that.
Does not happen normally in real estate in Toronto, GTA real estate.
It doesn't necessarily work where someone sees your soul story as part of this giant.
Think of, if you remember them, think of, you know, the old phone books that
used to come to your door.
They were like six inches thick and probably like just the size of a book,
but like just super thick books with lots of pages.
I see every sold story I handle as part of that book.
So when I am able to help you create an incredible sold in your area or nearby
you, that story continues.
Meaning that when I have a list of potential buyers in a certain area,
and I have a new listing after that listing sold, and I know that there's 25
buyers looking at homes in that area,
I definitely feel like, you know, if it was my house that I was selling,
I would definitely want to know who those other 25 qualified buyers might be because, you.
Not only do you know the information when you're in this business like I am,
you're dealing with people and you're dealing with buyers and sellers,
but you also know of those 25 buyers,
you know that there's probably a few,
maybe 10% of them that are very, very qualified,
sometimes very motivated, and they're ready to go now.
They've been looking for a while, they're qualified, and they want to be able
to be in a house, you know, very soon and they love your neighborhood.
So I'm hoping when you hear me tell these stories, I'm hoping that you hear your story in there.
I don't want this to be just about a bunch of random properties that you might never know.
I want these stories to be specific to you because they actually are.
And some of you have said to me over the years, oh, you know,
we're, we're, we're happy here. We're not going to move.
And two or three months later, something happened, job change,
life change, anything could come up.
And then you need to be in ready mode. You need to get started.
You need to go through the process.
You need to do what we all do. You need to turn your house, the,
the, the home you've lived in for so many years, You need to turn it into a house for sale.
And that usually takes, again, a great deal of work.
And I'm doing this right now with several of my, you know, really amazing clients.
Some that I've had for many years, some that I've just met recently.
And I remain someone who stays hands-on with this.
So just in case you're wondering, when you are working with me,
you're actually working with me. You're not working with anybody.
A team of people or a bunch of rookies or people who've never done this before.
I'm going through everything with you. I'm going through the highs and the lows
of the process and dealing with all the turbulence.
And the reason it makes sense that I'm there with you is because I'm dealing
with turbulence all the time.
It isn't uncomfortable to me. For you going through this every few years.
Sometimes you guys, you know, don't do this every month or every week.
So if you don't go through this
often, you're going to be, you're not going to feel the same way I do.
You're not going to react to certain things that you might think are a huge deal.
For me, it might just be like as simple as, you know, a grocery list.
It might, there might not be anything hugely wrong with your property.
You might think there's certain things that are wrong. you know.
I'll be able to walk you through your inspection report as I'm doing.
I just did one earlier tonight with a client who got their report done. I sit down with you.
We jump on a Zoom call, walk through the pages, and then we have an attack plan.
We know what needs to be done in what orders versus just, you know,
following a generic list of things to do.
So anyways, let's jump right into this because you're here.
You're listening to this because you want to know what the top soul stories
were in the Toronto GTA this week. And it was a little different this week than it normally is.
I'll be very honest with you. I was sort of blown away with the, with, with the results.
And what I mean by that is the first six, seven, eight, right up to number eight
of the top 10 souls this week, all of them outside Toronto. Okay.
So that is something that you don't see very often, but this week, that's what happened.
So all the big sales that happened this week were all, for the most part,
outside of Toronto, outside of one of the properties, two of the properties
in the top 10 were Toronto.
One of them, surprisingly, was a loft space.
So very, very mixed bag of results here.
So I'm going to run through the fact that there was a property that came up
in the Richmond Hill area.
There was another one in Vaughn and that one sold in 16 days.
And that was just over 4 million.
There was another property in Burlington that sold in under 30 days for a very
significant amount as well.
And then there was a couple of really big sales.
We're talking about the almost 5 million range.
And these were properties that were sold in Mississauga.
And then on top of that, there was the top two sales of this week,
which just happened to be in Oakville and Oakville by all means has been in
the top 10 list most weeks.
And because I review these lists every week with my clients across Toronto and
GTA areas, obviously in certain areas, you're going to have very high demand
for certain properties.
And in this particular case, the most expensive sold property this week that
sold for over 7 million was only on the market for five days.
This is something that you need to understand as a.
Generally speaking, not the norm for a property this size and a lot of this, this price, I mean.
So in a lot of cases, you know, anything over 5 million will usually take a little while to sell.
I I'll give the usual three to six months as a, as a sort of a target for people,
just because these buyers are generally speaking, not in, in the abundance we're talking about.
If you imagine what a reverse funnel, like an upside down, actually,
I guess a funnel for the most part, the big parts at the top,
the small parts at the bottom, that small part is where the, you know,
the most qualified buyers are that, that 10%, that bottom of the funnel,
that's where those very qualified buyers are.
So this week, a lot of those buyers were in a very ready position to make a move.
And that tells you that cold weather and winter and all the things that you may be concerned about.
And this is why I think, I don't know when this started.
This was probably decades ago. But for some weird reason, people had it in their
heads to wait. wait a season, see what happens.
There's no proof whatsoever that that is a good idea, especially because the
buyers that are out there right now are probably more serious than the ones
that will be out there in the spring.
So anyone who is out there spending $7 million in the, you know,
not the dead of winter, but you know, today in Toronto right now,
as I record this, it's minus 12.
And that's, you know, that's a little chilly and it's not ideally everyone's
home shopping weather, but it's Toronto.
It's, it's, it's what happened. We have, we, we usually have a couple of months
of this where it stays cold for at least December, January, February,
but looking back at past years,
what month do you think was the number one month for the highest,
average sold price. It was February 2022.
So of course there are other factors involved. The fact that we were in the
pandemic at that time, people were starting to get really itchy and they were ready to jump out.
And clearly for some reason it didn't happen in the spring, which a lot of people
were surprised that spring was not nearly as good as winter.
So just understand that it doesn't mean that this winter is going to be another
record breaking winter, but it just means that it could be.
There's a possibility. So getting yourselves on the market, being out there,
especially if you have high-end luxury homes.
And if you've got a property that has a great story, which most of you don't
necessarily know the full story.
If you can tell me without having to do any research, if you know off the top
of your head, how old your home is, if you know the past three owners of the
property, if there was owners before, if you know all that stuff, maybe you don't need me.
But the reality is there's probably some great stories about your property that aren't being told.
And it's my duty to make sure that I help you tell those stories.
That's what you'll hear on this podcast. You'll hear the series that I do,
which is what I do for my properties for sale. This house has a podcast.
I make sure that.
That the more, the bigger the property, the more important this is, by the way.
But it's the same for me. If I'm selling a one-bedroom condo,
I put the same exact effort and the same formula into that as I do a $5 million home.
And this system has worked so well, not just for that, but also just for the
fact that it tells the story of your home.
It gives the home history reports, which I also do for people.
And it doesn't matter if you're moving or not moving, but if you do want to
know your story, if you are curious at all about the history of your home,
who lived there before, could it be haunted?
Like anything that you might be concerned about, these reports,
these podcast reports that I do help to share those stories with you and put
your house in a position where it actually creates its own future.
And this is why having a podcast for your home is the equivalent of 10 years
ago, it was really great to have your house in a magazine or a newspaper,
the equivalent to that would be today.
It would be none of those things matter today.
It has more to do with the fact that pod stream podcast podcasting.
And this, this art is more of a mainstream media than just about anything else.
There have been, there's been an additional 5 million people across Canada that
have become podcast listeners over the last few years.
So you're talking about a very significant amount of the population,
many of which are high net worth individuals.
How do I know this? Because I'm behind the scenes of this podcast.
I get all the inquiries. I work with people who've heard these podcasts and
I help them buy and sell properties.
And it's what I want to make sure that each one of you has access to.
And you cannot be listed on this podcast, you will not be featured on the number
one ranked real estate podcast show on Google, Spotify, Apple podcasts,
and more unless you're selling with me.
So it makes sense if you're going to be paying any realtor to sell your home,
it makes sense that you get the absolute best marketing results from it.
It just makes more sense.
I don't know anybody who would argue with that as logic.
So it's very important that you think outside the box, moving forward,
moving into 2025, because you may have done it differently 10 years ago or five
years ago, you need to make sure you're doing what's right for you.
And sometimes that means making a change.
And that is why you do need to upgrade your agent once in a while.
You need to go to the next level. And that's what being on this podcast will do for you.
Thanks so much for tuning in. By all means, if you do want your own real estate
wealth report, you just need to go to real estate, realestatewealthreport.com
and get your personalized home value reports.
And what that does, once you're signed in, your home value will be protected.
You'll know exactly where you're going to be in real time, thanks to very specific
software that you'll have access to.
You will not be able to get this anywhere on Google or anything else.
You won't be able to find this information.
And what it does is it helps you keep track of the sole trends happening within
one kilometer of your property.
That's the only market you need to worry about.
Thanks so much for tuning in. Enjoy your week and stay tuned for the final week
52 report coming up next week.
And after that, we're going to be doing a big year-end report.
Lots of great stuff coming. Thanks so much. Have a great week.