Here’s how to start researching what homes are going for in Greater Toronto Area
Whether you’re buying a house or selling one, you need to know the current home prices in GTA. However, this isn’t always easy to find out, especially in changing market conditions.
In order to price a house competitively or budget realistically, it’s good to see prices for comparable homes. There are several ways you can find out local market prices.
You could give the neighbor down the street a call, but if you don’t know them very well, that might be awkward. You may not feel comfortable asking them.
Here are 3 tips to help you find out current home prices in GTA. This research will get you well on your way to accurately pricing your house for sale.
1. Connect with a knowledgeable GTA realtor
The obvious first step is to ask someone who regularly looks at closing prices for houses nearby. Since that’s part of their job, realtors are a great resource.
Not only will a good realtor be able to get you recent listings and sales, they’ll also have insights. It’s likely they’ll have current knowledge of market dynamics and homebuyer mentality.
The best realtors in Greater Toronto Area have:
- Access to the MLS
- Connections with clients buying and selling homes
- Knowledge of recent market trends
- Resources to find out off-market sale prices
Jan Szybalski at Your Home Sold Guaranteed Jan’s Realty Team has a system that gets accurate prices. This will guarantee you know exactly what homes in GTA are selling for.
Our team provides a complete comparative analysis of your home. It’s based on your specific criteria using an exclusive system to conduct a thorough market analysis. This happens when we search the database for similar homes listed or sold in the area.
The system allows us to filter for specific house features like:
- Number of bedrooms and bathrooms
- Number of stories
- Square footage
- Acreage
- Renovations or special interior features
- Year the home was built
- Unique exterior features (garage, pool, etc.)
This results in a highly customized, accurate comparison between the most similar nearby properties.
Jan Szybalski and his team are here to guide you through the home buying or selling process. They’re giving you access to information that you would NOT be able to find on your own.
2. Utilize online search tools, but know what you’re getting
Often, people looking for home prices in their area gravitate to websites like Zillow®, Trulia®, Redfin®, and Realtor.com®.
Those sites can show the correct previous sale prices. However, they can be highly inaccurate because results are limited. Doing searches on these public websites won’t be able to show you completely comparable homes. The prices are also frequently outdated by the time you view the listings.
In addition, numbers show that more than 50% of the homes sold last year weren’t listed on the MLS.
There are many off-market homes available that only a real estate agent with access to this information would know.
On top of that, did you know that certain areas in the US and Canada have a non-disclosure?
These states have laws preventing the closing price of a home from being publicly disclosed online. This is intended to protect citizens’ privacy, but it can make comparing prices for home sellers difficult.
Here is a shortlist of some US states that have a non-disclosure.
- Alaska
- Idaho
- Louisiana
- Mississippi
- Missouri
If you live in a non-disclosure area, it is impossible to do a comparative analysis online. This is just one more reason to use a trusted realtor.
3. Find home sale prices in local public property records
This is a time-consuming way to find current selling prices for homes in GTA. If you’re really committed to deep research, this may be a good method.
But the reality is that most home sellers don’t have time to scour public records.
If you really want to do your own research, you can check:
- Local county courthouse
- Tax assessor’s office
- County records
Keep in mind the accuracy of this information may not be a fair comparison to what your home is worth.
Jan Szybalski will price and sell your home quickly or buy it himself
Jan’s team of real estate agents will price your home to sell fast and for top dollar. Plus, we guarantee upfront in writing to sell your house at a price that we will agree on together.
This exclusive custom offer will make sure that:
- You get YOUR price – guaranteed
- The sale happens in YOUR timeframe
- You benefit from the highest and best offer
Our exclusive guarantee program has already helped hundreds of home sellers like you. The agreement is especially valuable for people who don’t have time for do-overs or relisting.
If you’re thinking about selling your home and want the help of an award-winning realtor, call Jan Szybalski. We’ll answer all your questions at 416-272-6363.
We’ll also give you a free no-obligation home evaluation and comparative market analysis on your home.
Just fill out the form below for more information.