[๐—ฉ๐—ถ๐—ฑ๐—ฒ๐—ผ ๐—•๐—ฒ๐—น๐—ผ๐˜„] 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

๐Ÿ  ๐—›๐—ผ๐˜‚๐˜€๐—ฒ๐˜€ 

๐Ÿ“ˆHouse Average Price: $1,548,086
๐Ÿ“ˆHouse Median Price: $1,400,000
๐Ÿ“ˆ408 Active Listings
๐Ÿ“ˆ110 Firm Sales This Week
๐Ÿ“ˆMonths of Inventory (MoI) ~ 1.36
๐Ÿ“ˆAverage Days on Market 7 DoM

๐—ง๐—ผ๐—ฟ๐—ผ๐—ป๐˜๐—ผ’๐˜€ ๐˜‚๐—ป๐—ฒ๐—บ๐—ฝ๐—น๐—ผ๐˜†๐—บ๐—ฒ๐—ป๐˜ ๐—ฟ๐—ฎ๐˜๐—ฒ ๐—ฐ๐˜‚๐—ฟ๐—ฟ๐—ฒ๐—ป๐˜๐—น๐˜† ๐˜€๐—ถ๐˜๐˜€ ๐—ฎ๐˜ 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. 

๐Ÿข๐—–๐—ผ๐—ป๐—ฑ๐—ผ๐˜€

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! 

๐Ÿ“ˆCondo Average Price: $805,812
๐Ÿ“ˆCondo Median Price: $740,000
๐Ÿ“ˆ2189 Active Listings
๐Ÿ“ˆ171 Firm Sales This Week
๐Ÿ“ˆMoI ~ 4.25
๐Ÿ“ˆAverage Days on Market (DOM) – 30

Urban North: Rosesale, Deer Park, Moore Park, Forest Hill, & Lawrence Park

๐Ÿ“ˆHouse Average Price: $2,884,479
๐Ÿ“ˆHouse Median Price: $2,460,750
๐Ÿ“ˆ171 Active Listings
๐Ÿ“ˆ18 Firm Sales This Week
๐Ÿ“ˆMonths of Inventory (MoI) ~ 3.4

๐Ÿ“‰Condo Average Price: $1,564,730
๐Ÿ“‰Condo Median Price: $1,234,400
๐Ÿ“‰236 Active Listings
๐Ÿ“‰10 Firm Sales This Week
๐Ÿ“‰MoI ~ 6.3

Leaside & Davisville

๐Ÿ“ˆHouse Average Price: $1,934,807
๐Ÿ“ˆHouse Median Price: $2,050,000
๐Ÿ“ˆ44 Active Listings
๐Ÿ“ˆ15 Firm Sales This Week
๐Ÿ“ˆMonths of Inventory (MoI) ~ 1.26

๐Ÿ“‰Condo Average Price: $780,632
๐Ÿ“‰Condo Median Price: $655,000
๐Ÿ“‰136 Active Listings
๐Ÿ“‰21 Firm Sales This Week
๐Ÿ“‰MoI ~ 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.

๐Ÿ“ˆHouse Average Price: $1,229,600
๐Ÿ“ˆHouse Median Price: $966,000
๐Ÿ“ˆ29 Active Listings
๐Ÿ“ˆ5 Firm Sales This Week
๐Ÿ“ˆMonths of Inventory (MoI) ~ 1.61

Week 21 – Houses are more expensive than they've ever been

[๐—ฉ๐—ถ๐—ฑ๐—ฒ๐—ผ ๐—•๐—ฒ๐—น๐—ผ๐˜„] 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. You can find the charts and the specific info on the three other communities on the blog –> ๐Ÿ  ๐—›๐—ผ๐˜‚๐˜€๐—ฒ๐˜€ ๐Ÿ“ˆHouse Average Price: $1,548,086๐Ÿ“ˆHouse Median Price: $1,400,000๐Ÿ“ˆ408 Active Listings๐Ÿ“ˆ110 Firm Sales This Week๐Ÿ“ˆMonths of Inventory (MoI) ~ 1.36๐Ÿ“ˆAverage Days on Market 7 DoM๐—ง๐—ผ๐—ฟ๐—ผ๐—ป๐˜๐—ผ'๐˜€ ๐˜‚๐—ป๐—ฒ๐—บ๐—ฝ๐—น๐—ผ๐˜†๐—บ๐—ฒ๐—ป๐˜ ๐—ฟ๐—ฎ๐˜๐—ฒ ๐—ฐ๐˜‚๐—ฟ๐—ฟ๐—ฒ๐—ป๐˜๐—น๐˜† ๐˜€๐—ถ๐˜๐˜€ ๐—ฎ๐˜ 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. ๐Ÿข๐—–๐—ผ๐—ป๐—ฑ๐—ผ๐˜€ 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! ๐Ÿ“ˆCondo Average Price: $805,812๐Ÿ“ˆCondo Median Price: $740,000๐Ÿ“ˆ2189 Active Listings๐Ÿ“ˆ171 Firm Sales This Week๐Ÿ“ˆMoI ~ 4.25๐Ÿ“ˆAverage Days on Market (DOM) – 30As always, please comment below, DM, or call/text 416-434-1511 if any questions. cc:The Spring Team Real Estate๐™’๐™–๐™ฉ๐™˜๐™ ๐™ข๐™ค๐™ง๐™š ๐™ž๐™ฃ ๐™ฉ๐™๐™š ๐™ซ๐™ž๐™™๐™š๐™ค ๐™—๐™š๐™ก๐™ค๐™ฌ ๐™–๐™ฃ๐™™ ๐™ซ๐™ž๐™จ๐™ž๐™ฉ ๐™๐™๐™š๐™Ž๐™ฅ๐™ง๐™ž๐™ฃ๐™œ๐™๐™š๐™–๐™ข.๐™˜๐™–/๐™—๐™ก๐™ค๐™œ

Posted by Ara Mamourian on Thursday, July 30, 2020

As always, please comment below, DM, or call/text 416-434-1511 if any questions.

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