Toronto Regional Real Estate Board President Lisa Patel announced that sales reported through TRREB’s MLS® System by Greater Toronto Area REALTORS® amounted to 11,083 – a new record for the month of September. This result was up by 42.3 per cent compared to September 2019. Following a record third quarter, sales through the first nine months of 2020 were up by approximately one per cent compared to the same period in 2019.
“Improving economic conditions and extremely low borrowing costs sustained record-level sales in September, as we continued to account for the substantial amount of pent-up demand that resulted from the spring downturn. Further improvements in the economy, including job growth, would support strong home sales moving forward. However, it will
be important to monitor the trajectory of COVID-19 cases, the related government policy response, and the impact on jobs and consumer confidence,” said Ms. Patel. Year-over-year sales growth in September continued to be driven by ground-oriented market segments, including
detached and semi-detached houses and townhouses. Annual growth rates were also higher for sales reported in the GTA regions surrounding the City of Toronto. The September 2020 MLS® Home Price Index Composite Benchmark was up by 11.6 per cent year-over-year. The average selling price for all home types combined in September was $960,772 – up by 14 per cent year-over-year. Price growth was driven by the low-rise market segments. The relatively better supplied condominium apartment
segment experienced a comparatively slower pace of price growth.
“On a GTA-wide basis, market conditions tightened in September relative to last year, with sales increasing at a faster pace than new listings. With competition between buyers increasing noticeably, double-digit year-over-year price growth was commonplace throughout the region in September, resulting in the overall average selling price reaching a new record,” said Jason Mercer, TRREB’s Chief Market Analyst.
Toronto Regional Real Estate Board (TRREB) President Lisa Patel announced that the strong rebound in Greater Toronto Area (GTA) home sales continued with a record result for the month of August. GTA REALTORS® reported 10,775 residential sales through TRREB’s MLS® System in August 2020 – up by 40.3 per cent compared to August 2019.Sales were up on a year-over-year basis for all major home types, both in the City of Toronto and surrounding GTA regions. It should be noted that the low-rise market segments, including detached and semi-detached houses and townhouses, were the drivers of sales growth. Condominium apartment sales were up on an annual basis for the second straight month but to a lesser degree. “Increased demand for ownership housing has been based on improving economic conditions, in terms of monthly GDP growth and job creation, and the continuation of very low borrowing costs. In addition, fewer households have chosen to go on vacation as a result of COVID-19 and instead have remained in the GTA and been active in the housing market, satisfying pent-up demand from the spring,” said Ms. Patel. Both the number of new listings entered into TRREB’s MLS® System during the month and the number of active listings at the end of the August 2020 were up on a year-over-year basis. While new listings were up strongly for all home types, growth in new condominium apartment listings far outstripped growth in the other market segments. “Generally speaking, market conditions remained very tight in the GTA resale market in August. Competition between buyers was especially strong for low-rise home types, leading to robust annual rates of price growth. However, with growth in condominium apartment listings well-outstripping condo sales growth, condo market conditions were comparatively more balanced, which was reflected in a slower pace of price growth in that segment,” said Jason Mercer, TRREB’s Chief Market Analyst. The MLS® Home Price Index Composite Benchmark was up by 11.1 per cent in August 2020 compared to August 2019. Over the same period, the overall average selling price was up by 20.1 per cent to $951,404. Annual detached and semi-detached sales growth was stronger in the comparatively more-expensive City of Toronto compared to the surrounding GTA regions, which helps explain why growth in the overall average selling price outstripped growth in the MLS® HPI Composite Benchmark.
Located in the quiet, tree-lined neighborhood of Vinegar Hill, this is a spacious and bright 2-bedroom apartment with a home office and two balconies in a boutique 9-unit condominium. This keyed-elevator, floor-through apartment comes with ebony-stained solid oak plank flooring, carrara marble bathrooms and kitchen counters, and a wealth of customizations and fine details: The master bedroom and home office have steel and glass Mark Jupiter designed closet doors, styled to reflect the industrial history of DUMBO and Vinegar Hill, with Elfa closet systems inside. The home office has an entire wall of classic mid-century modern Vitsoe shelving. The expansive gourmet kitchen includes a custom-designed pantry with Paperstone cabinet fronts, along with a Fisher & Paykel refrigerator, Bertazzoni range and microwave, and a Bosch dishwasher. The master bathroom has a custom Mark Jupiter designed solid walnut vanity, Restoration Hardware sconces and Kohler fixtures. The living/dining room is a huge 23′ x 20′ space, a rare find in newer apartments. With wall-to-wall windows in every room, and an East-West orientation, the bedrooms are bathed in morning light and the living room enjoys brilliant afternoon sun.
Need some private outdoor space? This unit boasts two balconies: a large balcony off the living/dining room and a European-style balcony off the master bedroom. 105 square feet of outdoor space. A storage space in the basement is included. The building has low common charges and a 421a tax abatement that is in effect until 2029. Very convenient, central location: five minutes to the F and seven minutes to the A/C subways lines, just around the corner from the arts and culture of DUMBO, down the street from the East River and a few blocks away from the northern end of Brooklyn Bridge Park.
102 Gold Street 3F , Brooklyn, NY 11201
Provenance and pedigree meet comfort and contemporary conveniences on this breathtaking and very private 4.5-acre grand Montecito estate, currently being showcased in the Wall Street Journal “Behind the Listing” section. The Mediterranean home, lovely guesthouse and vintage pool house rest on the grounds of historic El Mirador. There is a special, rarefied quality here, yet the ambiance evokes a sort of joie de vivre. Impeccably landscaped gardens, expansive manicured lawns and hedges, a pond, pergolas, terraces, and a large pool provide space and amenities for extensive entertaining and celebrations.
The primary residence, though substantial, offers an air of intimacy, warmth, and calm abiding, thanks to liberal use of warm woods in floors, masterfully crafted cabinetry and paneling. Those accoutrements are complemented by vast open-beam and truss, barrel- and groin-vaulted ceilings and an abundance of French doors and windows. The result is a singular home imbued with a profusion of spaciousness and light.
Rooms are large yet somehow intimate. The formal living room, for example, at over 1,000 square feet, feels friendly and comfortable thanks to its substantial fireplace, large cove windows, and its French doors opening to one of several terraces, and beyond to impeccably maintained grounds. The family room, library, office, loggia and grand foyer grace the home’s entrance level as well. The formal dining room — comfortably seating a dozen or more in style — as well as the large chef’s kitchen and adjacent informal dining area, create a culinary center perfect for entertaining friends or large and extended family.
The home’s four bedrooms all host baths en suite. The nearly 600 square-foot master suite could uphold the title “regal” with its impressive fireplace, arched French doors to its private balcony, pair of large walk-in closets, and two luxurious bathrooms. A second primary bedroom suite also has a fireplace, as well as a pair of intimate balconies.
Even the most discerning guests at this grand Montecito estate will feel at home in the substantial 3-bedroom, 2-bath guest house. Its upper level hosts a large living room, bedroom and bath, while the entry level features a den, kitchen and dining area, two bedrooms and an additional bath.
The Adobe, a structure well-preserved from the original El Mirador estate, has been expertly restored to maintain the ambiance of yesteryear while incorporating today’s comforts and amenities. It provides 2 bedrooms, 2 baths, a kitchen, and a wonderful over 40-foot-long living room. On one side it opens to an expansive vine-covered veranda, running the entire length of the adobe and overlooking the lighted tennis court. On the other side, the living room opens to the estate’s glistening swimming pool.
It is to be expected of any grand Montecito estate of this stature that its grounds would be as magnificent as its structures. Palmyra is no exception. Elegant entry gates open to a serpentine driveway lined with tall hedges and mature trees. There are rolling lawns, impeccably-trimmed privets, tropical and native flora, citrus trees, flower gardens, a lagoon, pergolas and fountains.
Adjacent to acclaimed Lotusland, this magical Montecito estate represents the epitome of class, prestige, and the comfortable luxury and sophistication for which Montecito is world-renowned.
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