[๐ฉ๐ถ๐ฑ๐ฒ๐ผ ๐๐ฒ๐น๐ผ๐] Have the past 6 months felt like 10yrs to anyone else? We’re so lucky to have been away for most of Feb…who knew that we’d be locked down taking on the role of all things for months and months.
Good thing I have real estate as a distraction otherwise I’d go even crazier than I already am. The one awesome thing about these times is I proved to myself that I’m more than just a pretty face. (because I know you’re all jealous of my mug)
My business actually improved during COVID. Thanks to my awesome clients and those of you who are seeing the value in what I’ve been doing. Love you and thank you! Now let’s get into it! (FYI – going to announce something totally cool and unexpected next week so stay tuned!)
Now buckle up because shit’s getting intense out there and you need this info to be prepared.
Remember, below are the figures for our Downtown and Urban Communities. Charts on other communities I’m tracking are below
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๐House Average Price: $1,548,086
๐House Median Price: $1,400,000
๐408 Active Listings
๐110 Firm Sales This Week
๐Months of Inventory (MoI) ~ 1.36
๐Average Days on Market 7 DoM
๐ง๐ผ๐ฟ๐ผ๐ป๐๐ผ’๐ ๐๐ป๐ฒ๐บ๐ฝ๐น๐ผ๐๐บ๐ฒ๐ป๐ ๐ฟ๐ฎ๐๐ฒ ๐ฐ๐๐ฟ๐ฟ๐ฒ๐ป๐๐น๐ ๐๐ถ๐๐ ๐ฎ๐ 13.6% which is over 2% higher than last month. This is something to monitor. Very important to drill down and see where these losses are happening. For now, the typical home buyer isn’t affected en masse.
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Seem extremely slow at the moment with what seems like a ton of new listings however looking at MoI, we’re at an all-time COVID low with 4.25 so I’m a bit confused as to why the condo market feels as soft at the moment. I think what it is, is that we’re so used to things selling in 0-7 days that if we hit 20 days on market we start to panic a little. Time to stop that!
๐Condo Average Price: $805,812
๐Condo Median Price: $740,000
๐2189 Active Listings
๐171 Firm Sales This Week
๐MoI ~ 4.25
๐Average Days on Market (DOM) – 30
Urban North: Rosesale, Deer Park, Moore Park, Forest Hill, & Lawrence Park
๐House Average Price: $2,884,479
๐House Median Price: $2,460,750
๐171 Active Listings
๐18 Firm Sales This Week
๐Months of Inventory (MoI) ~ 3.4
๐Condo Average Price: $1,564,730
๐Condo Median Price: $1,234,400
๐236 Active Listings
๐10 Firm Sales This Week
๐MoI ~ 6.3
Leaside & Davisville
๐House Average Price: $1,934,807
๐House Median Price: $2,050,000
๐44 Active Listings
๐15 Firm Sales This Week
๐Months of Inventory (MoI) ~ 1.26
๐Condo Average Price: $780,632
๐Condo Median Price: $655,000
๐136 Active Listings
๐21 Firm Sales This Week
๐MoI ~ 2.89
Birch Cliff
Remember, I stopped tracking condos here a couple of weeks ago as there aren’t enough sales consistently. People tend to not be selling as often but rest assured this area will start to achieve $1000/PSF in no time.
๐House Average Price: $1,229,600
๐House Median Price: $966,000
๐29 Active Listings
๐5 Firm Sales This Week
๐Months of Inventory (MoI) ~ 1.61
As always, please comment below, DM, or call/text 416-434-1511 if any questions.
