A notable contrast to the competitive, record-shattering seller’s market of years past, real estate in Toronto has now balanced out. At its peak, sellers could expect quick sales with impressive offers from a multitude of motivated buyers. Today, inflation, elevated interest rates, and other economic factors have contributed to a reduced pool of active buyers. As a result, many sellers are feeling increasingly anxious about how long their home will spend on the market.
While the market may be moving at a slower pace, it’s far from outright dormant. Rather, homeowners who wish to maximize their opportunities for a swift sale will need to be strategic and intentional in their approach to selling.
Looking to optimize your home’s market performance? Our strategic advisory services can help you achieve a smooth and lucrative sale. Call us at 416.441.2888 or reach us by email at evan@christensengroup.ca.
Making Sense of a Shifting Market
Before diving deeper, let’s analyze major trends in today’s market. As noted by the Toronto Regional Real Estate Board, the average home sold in February of 2023 spent only 22 days on the market. While this is notably longer compared to the mean data of 2020 or 2021, it’s an important correction for anxious sellers who might assume their property will be on the market for months on end. Additionally, this stat is indicative of the market heading in a positive direction as it shows a decline in ‘Days on Market’ compared to the month prior.
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The Preeminent Factor in Your Sale
If you’re a homeowner who is hoping for an expedited and high-result sale, electing a top-performing real estate agent will be paramount to your success. That said, in a city with over 70,000 active agents, it can be difficult to cut through the clutter and find the right professional for the job.
That’s where we come in.
In a market where clients are constantly facing new challenges, our proven track record of achieving high-result sales speaks for itself. In 2022, Christensen Real Estate Group completed more than 70 total transactions – placing us in the top 0.5% of TRREB agents. As we continuously outproduce more than 99% of other Realtors in Toronto, our unique, effective selling strategies are simply irrefutable.
Want to learn more about the distinctions between an elite, high-volume agent and a part-time agent? Click here to read our blog post on the topic.
Steps to Success
Compelling today’s buyers and garnering lucrative offers requires proven, value-amplifying selling strategies. Here’s a look at our approach to selling.
Strategic Preparations
As today’s buyers have a larger selection of inventory to choose from, sellers should take every opportunity to elevate their home above others on the market. Thoughtful pre-market preparations such as decluttering, property upgrades and repairs, and professional staging are effective methods of doing exactly that.
Comprehensive Marketing
Another facet of optimizing buyer interest is amplifying your home’s market exposure. This entails an encompassing marketing strategy that includes both digital and traditional advertising. Christen Real Estate Group’s forward-thinking marketing strategies incorporate a wide range of innovative techniques to ensure the right buyers discover your property.
Tactical Pricing
Rather than grabbing a number from the air, taking a methodical, data-informed approach to pricing your home is critical to a smooth sale. In a challenging market, remaining competitive with other sellers without leaving money on the table is easier said than done. As part of our selling process, we complete a Comparative Market Analysis (CMA) to determine the right price for your home.
Seeking a competitive edge in one of North America’s most cut-throat markets? Explore these educational insights to build up your real estate knowledge.
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Working With Christensen Real Estate Group
If you’re looking to accomplish a quick, top-dollar home sale, you’ll want to work with a dedicated, high-performing real estate team – like Christensen Real Estate Group.
With over 40 years of experience, we bring a wealth of knowledge to today’s fluctuating market. No matter what your selling aspirations may look like, we look forward to helping you exceed your goals.
Our unbeatable selling strategies are backed by decades of local market experience. To begin your journey to an exceptional and lucrative home sale call us at 416.441.2888 or reach us by email at evan@christensengroup.ca.
