What does it mean when there’s a pattern of homes that sold for under asking price?
On one hand, it could mean that the asking price was positioned far too high compared to other houses in the same neighbourhood. But it could also mean that the GTA real estate market is finally starting to show signs of cooling off. It’s likely that all bids were far below asking or there wasn’t much competition. So it might just be time to hit the market to buy a new home.
Check out these Markham/Stouffville homes that sold for under asking. $150k below the listed price and start dreaming about all the money you could save for some renovations!
1. $486000 under asking
4 Bedroom, Detached 2-Storey on Ninth Line
Markham Box Grove
List Price: $3,986,000
Sold Price: $3,500,000
2. $200000 under asking
3 Bedroom, Detached 2-Storey on Barclay Crt
Markham Bayview Fairway-Bayview Country Club Estates
List Price: $2,300,000
Sold Price: $2,100,000
3. $172000 under asking
4 Bedroom, Linked 2-Storey on Living Cres
Markham Victoria Square
List Price: $1,130,000
Sold Price: $958,000
4. $182900 under asking
4 Bedroom, Linked 2-Storey on Alderbury Dr
Markham Middlefield
List Price: $995,900
Sold Price: $813,000
5. $163880 under asking
4 Bedroom, Detached 2-Storey on Terrance Drive Markham
Box Grove
List Price: $1,388,880
Sold Price: $1,225,000
Buying a home is one of the biggest purchases you may ever make. Get the professional help you need to get the best bang for your buck and find the information about your target neighbourhoods. Get in touch with The Tar Team to get your free consultation and potentially save thousands on your purchase!
DOWNLOAD YOUR FREE COPY OF OUR 2018 REAL ESTATE SALES DATA FOR YOUR AREA
Find out how much your neighbor’s house sold for!