What Is The Value Of My Property?

The value of your Toronto property is worth what buyers are willing to pay, but a professional market analysis is crucial to setting the right price from the outset.

Determining your home’s value is one of the most important steps in the selling process. While the true worth of any property is established by what a buyer is willing to pay, your initial listing price significantly influences how the market responds. Price too high and risk sitting stale; price too low and you may leave money on the table. Getting this balance right is where an experienced real estate team makes all the difference.

Comparative Market Analysis (CMA)

A Comparative Market Analysis (CMA) is the foundation of accurate pricing. Your real estate team reviews similar properties that have recently sold, are currently listed, or were withdrawn from the market. Factors considered include:

• Location: How do homes in Leslieville compare to similar homes in Summerhill or The Annex?
• Size & Features: Square footage, number of bedrooms, lot dimensions, renovations, or unique elements like a laneway suite.
• Time on Market: Did comparable homes sell quickly or linger before receiving offers?
• Price Adjustments: Were reductions necessary, or did bidding wars drive the sale above the asking price?
• Market Conditions: TRREB data on inventory levels, months of supply, and absorption rates.

This analysis provides a data-backed pricing range. A skilled agent then interprets the story behind the numbers, why one condo sold in days with multiple offers while another sat unsold for weeks.

Toronto Market Realities

Toronto is a city of micro-markets. A two-bedroom condo downtown, averaging $700,000, behaves differently than a detached east-end home priced over $1.5M. Mortgage rules, interest rates, and buyer demand vary across neighbourhoods, so a one-size-fits-all pricing approach doesn’t work. The right CMA considers both TRREB-wide trends and hyper-local dynamics.

Fox Marin’s Approach

The Fox Marin Real Estate Team, with over 1,000 successful transactions and more than $580 million in sales, provides sellers with detailed pricing memos supported by TRREB analytics and market insights. Our process goes beyond surface-level comps; we layer in staging recommendations, buyer psychology, and negotiation strategy. This ensures your home isn’t just listed, but positioned to achieve its maximum market value.

Key takeaway: A property’s actual value is set by buyers, but expert pricing backed by data and market knowledge ensures you capture every dollar possible.

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