If you're looking to buy or sell a home, or are just curious about the market, it can be interesting to look at historical home sales prices. Until recently, data on property prices and history could not be published by agents or agents. But this is changing. Home sales prices are becoming more affordable for home buyers and sellers across Canada. Information is more readily available in some regions than in others. You can always contact your real estate agent if you need this information. Knowing how much your home sold for gives you confidence that you are paying or receiving a fair price for your home.
Where to find prices for homes sold in Canada
Canadian regulations regarding home prices vary by province and territory. In some cases, information may be freely and readily available while complying with Canadian privacy laws. In other countries, information is accessible without a broker, but only for a fee. In some cases, information is not accessible at all without a real estate agent. Here's a breakdown of what you can access in each state:
RE/MAX has a trusted source to help you find the value of your home. Alternatively, you can use state rating websites. Or anyone can search for home prices for sale in British Columbia, Alberta, Manitoba, and Ontario.
Saskatchewan, Quebec, New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland have paid access to information about homes for sale. This can be registered on the state government website.
In the Yukon, Northwest Territories and Nunavut, there are no paid or free searches without the help of realtors.
How to Find home Sold Prices
If you live in a state where Sold Home Prices are readily available online, it is very easy to search and find if you know where to look;
1) Select a site from Search. Each state has an evaluation site and you can also use the RE/MAX Home Value Estimator tool. Some websites contain properties that have been sold in the past and pull information from where specific homes are listed, such as Multiple Listing Services (MLS) Reports and Databases.
2) Enter the relevant information to search for. Such as Zip code or specific address. Postal codes are useful if you want to know how many homes have sold in your neighborhood. Also, if you know the property you want to check, you can easily search for a specific home.
3) Check the result. Once you have entered your zip code, you can click on the house you are interested in to see more details. This information isn't always perfectly accurate, but it does give you a good idea of what properties have historically sold.
Pros and Cons of knowing sold home prices
Generally, only realtors need access to actual home prices for sale, but today's online services allow many people to access this information. The most reliable way to do this is to enlist the help of your real estate agent to ensure the information is correct.
Knowing past home sales prices can help homebuyers understand whether a property is rising or falling in value and whether the price is fair based on current market conditions. If you are a seller, access to sales data will help you fairly value your property based on market conditions and sales prices of similar properties.
Privacy concerns are the primary reason access to for-sale home prices is not profitable. Some people feel uncomfortable when information is easily accessible to prying eyes. Also, property prices may change in ways that are not beneficial to you.
For the most reliable and up-to-date information, contact your local Realtor.
