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Market Update Alert! 🏡📈


September 2024 saw a positive shift in the GTA housing market, with home sales up 8.5% year-over-year, totaling 4,996. Buyers are starting to take advantage of more affordable conditions thanks to interest rate cuts and lower home prices. 📊🏘️

New listings surged by 10.5%, providing even more options for buyers. The average selling price was $1,107,291, down just 1% compared to last year, while the MLS® Home Price Index Composite benchmark dropped by 4.6%. On a seasonally adjusted basis, both sales and prices edged up from August, signaling growing buyer activity. 💼🔍

Are you wondering what this means for the value of your home? DM us @boltonandclements, and we'll provide you with expert advice on what this means for you specifically. 🏡🔍

Watch our September 2024 Market Report reel on Instagram and see how the trends affect you. 🏡

Yours in real estate,

Bolton & Clements Real Estate Group

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Low Cost, High ROI Fall Reno Ideas 💡

Thinking of selling your home in the near(ish) future? With winter just around the corner, October is the perfect time to make smart, quick renovations to increase your home’s buyer appeal & value.

Here are a few cost-effective upgrades to tackle before hibernation hits:

A fresh coat of paint is one of the simplest and most effective ways to boost your home’s appeal. Focus on neutral tones that create a clean, modern look and make spaces feel bigger and brighter. Don’t forget the exterior—painting the front door or trim can give your home instant curb appeal, especially before the snow arrives.

Kitchens and bathrooms sell homes, but you don’t need a complete remodel to make a difference. Consider replacing outdated fixtures, adding a fresh backsplash, or upgrading hardware like faucets and cabinet handles. These small changes can modernize the space without breaking the bank.

Buyers are increasingly looking for energy-efficient homes. Simple upgrades like sealing windows and doors, adding insulation, or smart home-tech installs (thermostat, door locks, etc) can make your home more attractive (and in most cases reduce ownership costs).

With the days getting shorter, good lighting becomes essential. Replace outdated fixtures with modern, energy-efficient options, and ensure your home is well-lit both inside and out. Bright, inviting spaces help buyers envision themselves in the home.

October offers the perfect window to make last-minute improvements before winter arrives and the real estate market slows down. These small but impactful updates can give your home a competitive edge, helping you sell faster and for a higher price.

If you’re considering listing soon and want personalized advice on where to start, comment down below!

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