[๐ฉ๐ถ๐ฑ๐ฒ๐ผ ๐๐ฒ๐น๐ผ๐] Week 23! Looks like people are in fact taking time off and enjoying the dog days of summer (That’s what you call these days right?) Sales are way down across the board in our urban communities. Prices, however, are holding strong in most casesโฆcondos are an interesting beast.
๐House Average Price: $1,400,726 ๐House Median Price: $1,300,000 ๐445 Active Listings ๐57 Firm Sales This Week ๐Months of Inventory (MoI) ~ 1.47 ๐Average Days on Market 7 DoM
๐ข๐๐ผ๐ป๐ฑ๐ผ๐
๐Condo Average Price: $817,763 ๐Condo Median Price: $692,500 ๐2396 Active Listings ๐90 Firm Sales This Week ๐MoI ~ 4.42 ๐Average Days on Market (DOM) – 35
Urban North: Rosesale, Deer Park, Moore Park, Forest Hill, & Lawrence Park
Months of inventory have been increasing here week over week so but houses remain in-demand. Seems like the end of summer has taken people’s attention off of real estate so we should see a couple weeks of low volume.
There’s a really good chance that you’ll be in competition when buying homes under $3M. There seems to be more opportunity $3-7m but the majority of the sales $1.3 to $3M were in competition.
๐House Average Price: $2,803,462 ๐House Median Price: $2,260,000 ๐168 Active Listings ๐13 Firm Sales This Week ๐Months of Inventory (MoI) ~ 4.09
๐Condo Average Price: $1,994,643 ๐Condo Median Price: $2,245,000 ๐266 Active Listings ๐7 Firm Sales This Week ๐MoI ~ 5.1
Leaside & Davisville
Leaside & Davisville doesn’t have a ton of sales volume however each of the five available houses and six condos sold in competition. So the decrease in sales volume doesn’t speak to the lack of demand.
๐House Average Price: $2,028,428 ๐House Median Price: $1,837,000 ๐43 Active Listings ๐5 Firm Sales This Week ๐Months of Inventory (MoI) ~ 1.17
๐Condo Average Price: $783,136 ๐Condo Median Price: $792,000 ๐146 Active Listings ๐6 Firm Sales This Week ๐MoI ~ 2.94
Birch Cliff
Houses here continue to out perform all other communities with consistent sales over asking. The days of sub million dollar deals are done here.
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: $1,272,000 ๐House Median Price: $1,272,000 ๐24 Active Listings ๐4 Firm Sales This Week ๐Months of Inventory (MoI) ~ 1.23
[๐ฉ๐ถ๐ฑ๐ฒ๐ผ ๐๐ฒ๐น๐ผ๐] Week 23! Looks like people are in fact taking time off and enjoying the dog days of summer (That's what you call these days right?) Sales are way down across the board in our urban communities. Prices, however, are holding strong in most cases…condos are an interesting beast. ๐ ๐ฐ๐ถ'๐ญ๐ญ ๐ฏ๐ฐ๐ต๐ช๐ค๐ฆ ๐ข ๐ฉ๐ถ๐จ๐ฆ ๐ธ๐ฆ๐ฆ๐ฌ ๐ฐ๐ท๐ฆ๐ณ ๐ธ๐ฆ๐ฆ๐ฌ ๐ฅ๐ณ๐ฐ๐ฑ ๐ช๐ฏ ๐ข๐ท๐ฆ๐ณ๐ข๐จ๐ฆ ๐ฑ๐ณ๐ช๐ค๐ฆ ๐ถ๐ณ๐ฃ๐ข๐ฏ ๐ฉ๐ฐ๐ถ๐ด๐ฆ๐ด ๐ข๐ฏ๐ฅ ๐ค๐ฐ๐ฏ๐ฅ๐ฐ๐ด. ๐๐ฐ๐ฏ'๐ต ๐ฃ๐ฆ ๐ข๐ญ๐ข๐ณ๐ฎ๐ฆ๐ฅ! ๐๐ฉ๐ฆ๐ณ๐ฆ'๐ด ๐ฃ๐ฆ๐ฆ๐ฏ ๐ข ๐ฎ๐ข๐ด๐ด๐ช๐ท๐ฆ ๐ฅ๐ฆ๐ค๐ณ๐ฆ๐ข๐ด๐ฆ ๐ช๐ฏ ๐ด๐ข๐ญ๐ฆ๐ด ๐ท๐ฐ๐ญ๐ถ๐ฎ๐ฆ ๐ข๐ฏ๐ฅ ๐ต๐ฉ๐ฆ๐ณ๐ฆ ๐ธ๐ฆ๐ณ๐ฆ๐ฏ'๐ต ๐ข๐ด ๐ฎ๐ข๐ฏ๐บ ๐ฃ๐ช๐จ-๐ต๐ช๐ค๐ฌ๐ฆ๐ต ๐ด๐ข๐ญ๐ฆ๐ด ๐ข๐ด ๐ธ๐ฆ'๐ท๐ฆ ๐ฉ๐ข๐ฅ ๐ช๐ฏ ๐ฑ๐ณ๐ฆ๐ท๐ช๐ฐ๐ถ๐ด ๐ธ๐ฆ๐ฆ๐ฌ๐ด. ๐๐ฆ ๐ด๐ฉ๐ฐ๐ถ๐ญ๐ฅ ๐ด๐ฆ๐ฆ ๐ต๐ฉ๐ข๐ต ๐ญ๐ฆ๐ท๐ฆ๐ญ ๐ฐ๐ถ๐ต ๐ช๐ฏ ๐ต๐ฉ๐ฆ ๐ค๐ฐ๐ฎ๐ช๐ฏ๐จ ๐ธ๐ฆ๐ฆ๐ฌ๐ด.Numbers Aug 2nd to 8th Starting March 1st๐๐จ๐ฟ๐ฏ๐ฎ๐ป๐ ๐๐ผ๐๐๐ฒ๐ ๐House Average Price: $1,400,726๏ฟฝ๐House Median Price: $1,300,000๏ฟฝ๐445 Active Listings๏ฟฝ๐57 Firm Sales This Week๏ฟฝ๐Months of Inventory (MoI) ~ 1.47๏ฟฝ๐Average Days on Market 7 DoM๐ข๐๐ผ๐ป๐ฑ๐ผ๐ ๐Condo Average Price: $817,763๏ฟฝ๐Condo Median Price: $692,500๏ฟฝ๐2396 Active Listings๏ฟฝ๐90 Firm Sales This Week๏ฟฝ๐MoI ~ 4.42๏ฟฝ๐Average Days on Market (DOM) – 35๐๐จ๐ฟ๐ฏ๐ฎ๐ป ๐ก๐ผ๐ฟ๐๐ต: ๐ฅ๐ผ๐๐ฒ๐ฑ๐ฎ๐น๐ฒ, ๐๐ฒ๐ฒ๐ฟ ๐ฃ๐ฎ๐ฟ๐ธ, ๐ ๐ผ๐ผ๐ฟ๐ฒ ๐ฃ๐ฎ๐ฟ๐ธ, ๐๐ผ๐ฟ๐ฒ๐๐ ๐๐ถ๐น๐น, & ๐๐ฎ๐๐ฟ๐ฒ๐ป๐ฐ๐ฒ ๐ฃ๐ฎ๐ฟ๐ธMonths of inventory have been increasing here week over week so but houses remain in-demand. Seems like the end of summer has taken people's attention off of real estate so we should see a couple weeks of low volume. There's a really good chance that you'll be in competition when buying homes under $3M. There seems to be more opportunity $3-7m but the majority of the sales $1.3 to $3M were in competition. ๐ ๐๐ผ๐๐๐ฒ๐ ๐House Average Price: $2,803,462 ๏ฟฝ๐House Median Price: $2,260,000 ๏ฟฝ๐168 Active Listings ๏ฟฝ๐13 Firm Sales This Week ๏ฟฝ๐Months of Inventory (MoI) ~ 4.09 ๏ฟฝ๏ฟฝ๐ข๐๐ผ๐ป๐ฑ๐ผ๐๐Condo Average Price: $1,994,643๏ฟฝ๐Condo Median Price: $2,245,000๏ฟฝ๐266 Active Listings๏ฟฝ๐7 Firm Sales This Week๏ฟฝ๐MoI ~ 5.1๐๐๐ฒ๐ฎ๐๐ถ๐ฑ๐ฒ & ๐๐ฎ๐๐ถ๐๐๐ถ๐น๐น๐ฒLeaside & Davisville doesn't have a ton of sales volume however each of the five available houses and six condos sold in competition. So the decrease in sales volume doesn't speak to the lack of demand. ๐ ๐๐ผ๐๐๐ฒ๐ ๐House Average Price: $2,028,428๏ฟฝ๐House Median Price: $1,837,000 ๏ฟฝ๐43 Active Listings ๏ฟฝ๐5 Firm Sales This Week ๏ฟฝ๐Months of Inventory (MoI) ~ 1.17 ๏ฟฝ๏ฟฝ๐ข๐๐ผ๐ป๐ฑ๐ผ๐๐Condo Average Price: $783,136๏ฟฝ๐Condo Median Price: $792,000๏ฟฝ๐146 Active Listings๏ฟฝ๐6 Firm Sales This Week๏ฟฝ๐MoI ~ 2.94๐๐๐ถ๐ฟ๐ฐ๐ต ๐๐น๐ถ๐ณ๐ณHouses here continue to outperform all other communities with consistent sales over asking. The days of sub million dollar deals are done here. ๐ ๐๐ผ๐๐๐ฒ๐๐House Average Price: $1,272,000 ๏ฟฝ๐House Median Price: $1,272,000๏ฟฝ๐24 Active Listings ๏ฟฝ๐4 Firm Sales This Week ๏ฟฝ๐Months of Inventory (MoI) ~ 1.23 As always, please comment below, DM, or call/text 416-434-1511 if any questions. cc: The Spring Team Real Estate
๐๐ผ๐๐ป๐๐ผ๐๐ป & ๐ฆ๐๐ฟ๐ฟ๐ผ๐๐ป๐ฑ๐ถ๐ป๐ด ๐จ๐ฟ๐ฏ๐ฎ๐ป ๐๐ผ๐บ๐บ๐๐ป๐ถ๐๐ถ๐ฒ๐ Did you see that house in Mississauga that fetched 68 Offers? Inventory is insanely low in ALL communities throughout the…
Is Toronto’s Condo Market Back for Good? In September 2020 there were just under 3500 condo listings available for sale downtown and in surrounding communities.…
Whatโs keeping people from coming to market? If they have kids, well, Iโd imagine dealing with homeschooling etc.. is putting some serious strain on any…
