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market picks up weekender september 19 1987 p9 mhttrn real estate still strong in markham by deb bodine champion local real estate brokers are expecting a respite from the wild roller coaster ride the real estate market has taken so far this year were looking forward to a good strong fall says linda killackey manager of family trust in unionville this month has started out very well doug meharg optimistically agrees the owner of century 21 armour comments i see real estate in the golden horseshoe but particularly in the mar kham area being blessed with goodness for the next five years easily he partially attributes the de mand for real estate in the town of markham to the influx of in dustrial immigrants from the oriental parts of the world best investment these people come in with cash and look at markham as the best investment area in ontario there is a good indust rial base good facilities and transportation and markham offers easy access to the large city although the hwy 404 will have to double its capacity in the next two or three years he cautions in reviewing the year to date mr meharg explains the highs and the lows of the past eight months house sales were ex tremely high from january to april compared with the same period in 1986 we experienced a heated market with a lot of people spe culating prices escalated by leaps and bounds so high in fact that they went out of reach of the poeple interested in buying market at standstill from the peak of the early months of 87 the roller coaster plummeted down in may effec tively bringing the real estate market to somewhat of a stand still may and june are usually good months notes mr meharg but this year we ex perienced a drop in production of 65 per cent from last year mr meharg attributes the sharp dropoff in sales to sever al factors the inflated prices the increased interest rates which frightened the investors and the phenomenal number of listings on the market from midmarch to the end of may there were twice as many listings as usual but gra dually they are selling off and we are returning to a more nor mal market says betty web ber manager of family trusts markham office we now have drapery special up to 30 o off list price triple ft made to measure tergal 150 1 1 triple foot poly silk 13 i v triple fool room darkening roller shades 50 off vertical bunds t afacfcmmade free matting vabra mace b measure selected fabrics bay window special we new offer the shadeomatic one puce angle track patent af for bay windows stock venetians 18x45 8 22x45 10 24x45 12 2rx45 14 30x45 18 78x84 75 more sizes available custom venetian blinds 3pf plus free valance suaaestertlist price free striping 50 off plusfr manufacturers suqaostocjlist price free eg 48x46 s122 50 s6100 4754135 a free shop atihome service 7170 warden ave markham comer of denison warden unit 10 a better balance between buyers and sellers the ratio of sales to listings is balancing out 184 sales in april 87 there were 975 properties listed with the multi ple listing service for the area of ef1 bordered on the east by the pickering town line north to 16th avenue west as far as kennedy road north to the 18th west to woodbine ave and south to steeles avenue there were 184 sales during that month at an average price of 232081 and a median price of 215000 the month of may saw only 75 sales within the same area with the total listings escalated to 1300 the average price rose slightly to 245949 and the median 229500 in june the average and me dian prices dropped slightly 240990 and 228750 respective ly with 921 properties listed mls and 84 sales the average price for july was 218959 and the median price was 194500 both reflecting perhaps the price reductions evident during the slow months that month saw 120 sales in ef1 with 873 properties listed mls summer months slow it is common for june and july to be slow people go off to the cottage they are family months adds ms webber the market was consider ably more active in june though many people seemed to be sitting back to see what was going to happen explains dorothy mason of peter l mason realtor ltd prices have levelled out and we are getting activity and sell ing houses she notes we have a mixed price range on our board says ms killackey and all price ranges look to be healthy the significance of the num ber of listings on the market is apparent when examining facts and figures provided by the toronto real estate board the ef1 area had almost 100 per cent more listings for the month of august 87 than in august 86 last year there were 339 homes listed with the multiple listing service and 169 sales in ef1 last month there were 676 mls listings and 144 sales the average price jumped from 167853 aug 86 to 227207 aug 87 while the me dian price jumped from 156500 to 198000 during the same time period distinctive broadl00m presents incredible carpet value carefree antron nylon as only ou pont can make it whatever style lexlure or colour o carpel you choose 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