ATTENTION POSTMASTER: Time Sensitive Materials
ABOUTOWNE Realty Corp., Brokerage 1235 North Service Road W. Suite 100, Oakville, ON L6M 2W2
TEAM
Each Office Independently Owned and Operated.
416.520.4785
JUNE 2022
MORRISON REAL ESTATE MARKET REPORT
Nancy@NancyShea.ca
www.NancyShea.ca
THE IMPACT OF
RISING MORTGAGE RATES LEONARDO AND ANGELICA, If you are thinking of selling your house call me, and I will provide you with a targeted value and discuss with you how the sale strategy has changed with recent market changes. Now may be the perfect time for you to act. There are still many serious buyers and currently not a lot of inventory which could still result in multiple offers. If you are ready to make a move, call me today at 416.520.4785.
R A TE S A R E O N TH E RI SE For the first time since 2010, five-year fixed mortgage rates are all above 4%. With rates rising sharply over the past weeks, some buyers have delayed their purchase or are assessing the impact on affordability. Holding offers for a specific day, for the most part, is not happening. This timing also coincides with a March Break where people could now travel, the invasion of Ukraine, and perhaps buyer fatigue, all combing to take some energy out of the market. While that news may have you questioning the timing of selling your home, the market is still performing well! On average, a home
PREPARED ESPECIALLY FOR
in Morrison is selling at 97% of asking price.
Leonardo and Angelica Washington
W H A T D O E S THIS M E AN FO R Y OU ? PRESENTED BY
Sale prices are still strong and with fewer homes listed, there is less competition. Listing your home now provides an excellent stage to highlight your home and capture the steady buyer demand.
The Nancy Shea Team, Your Morrison Specialist
TEAM
www.NancyShea.ca
WHY CHOOSE NANCY SHEA? “Selling your home can be a very hectic and stressful procedure. My family and I appreciated how incredibly professional, organized, and thorough Nancy and her team were. They answered all our questions, kept us informed every step of the way, and made our sale a quick and smooth transaction. I definitely would recommend having Nancy as your Realtor.”
TEAM
416.520.4785 Nancy@NancyShea.ca
www.NancyShea.ca
MORRISON
AT A GLANCE
(03/01/22-05/23/22)
MORRISON MARKET ACTIVITY JUNE • 2022
THERE ARE 12 HOMES CURRENTLY ACTIVE IN MORRISON
ACTIVE
SOLD
Bedrooms
Washrooms
Est. Sq. Ft.*
List Price
3
2.0
1,900
$1,995,000
3
3.1
1,300
$2,599,999
3
3.1
3,300
$3,395,000
3
4.1
3,400
$3,950,000
4
2.1
3,700
$3,599,000
4
3.1
3,500
$4,498,000
4
5.1
8,100
$6,500,000
6
3.2
8,500
$6,698,000
5
4.1
6,900
$6,880,000
5
5.1
8,900
$8,200,000
5
7.3
12,200
$11,800,000
7
6.3
14,400
$18,980,000
AT A GLANCE
Average Sold Price
$5,217,000
Average Days on Market
38
Average Price Per Sq. Ft.
$846
Average Sold to List Price Ratio
97%
©2022 Google. This map represents data shown to the right.
ACCURATE HOME ASSESSMENTS MATTER... Every home is different; so are Realtors and the services they provide. You owe it to yourself to find the best fit for you and your home. We have been in the neighbourhood for over 15+ years and are experts. Call Nancy at 416.520.4785 or nancy@nancyshea.ca.
www.NancyShea.ca
MORRISON HOMES RECENTLY SOLD Age Range
Style
Bedrooms
Washrooms
Building. Est. Sq. Ft.*
Sold Price
Sold Date
Days on Market
0-5 Years
2 Storey
6
7.1
7,000
$5,000,000
05/16/22
33
51-99 Years
Bungalow
4
2.1
2,900
$2,550,000
04/14/22
8
0-5 Years
2 Storey
6
5.1
6,500
$4,900,000
04/11/22
18
Unknown
1.5 Storey
4
3.0
3,900
$9,800,000
03/31/22
118
31-50 Years
2 Storey
5
2.2
3,100
$2,518,000
03/29/22
9
6-15 Years
2 Storey
5
5.1
5,800
$4,200,000
03/18/22
13
31-50 Years
Bungalow
5
3.1
5,300
$3,665,000
03/16/22
12
0-5 Years
2 Storey
5
4.1
6,100
$4,290,000
03/16/22
55
Nancy Shea and RE/MAX Aboutowne Realty are not in any way affiliated with Morrison Owners Association, nor is this in any way an official advertisement or publication of Morrison. © 2022 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the OMDREB MLS between March 16th, 2022 and May 18th, 2022. Listings and sales may not be those of RE/MAX Aboutowne Realty. The OMDREB MLS does not guarantee the accuracy of this data, which may not reflect all the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. Due to OMDREB MLS regulations, full disclosure of all listing and sold data is only available upon request. *Square footage rounded down to nearest hundred.
Published by REAL Marketing (RM) | www.REALMarketing4You.com | 604.841.1739 | ©2022