[𝗩𝗶𝗱𝗲𝗼 𝗕𝗲𝗹𝗼𝘄] 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.
𝘠𝘰𝘶’𝘭𝘭 𝘯𝘰𝘵𝘪𝘤𝘦 𝘢 𝘩𝘶𝘨𝘦 𝘸𝘦𝘦𝘬 𝘰𝘷𝘦𝘳 𝘸𝘦𝘦𝘬 𝘥𝘳𝘰𝘱 𝘪𝘯 𝘢𝘷𝘦𝘳𝘢𝘨𝘦 𝘱𝘳𝘪𝘤𝘦 𝘶𝘳𝘣𝘢𝘯 𝘩𝘰𝘶𝘴𝘦𝘴 𝘢𝘯𝘥 𝘤𝘰𝘯𝘥𝘰𝘴. 𝘋𝘰𝘯’𝘵 𝘣𝘦 𝘢𝘭𝘢𝘳𝘮𝘦𝘥! 𝘛𝘩𝘦𝘳𝘦’𝘴 𝘣𝘦𝘦𝘯 𝘢 𝘮𝘢𝘴𝘴𝘪𝘷𝘦 𝘥𝘦𝘤𝘳𝘦𝘢𝘴𝘦 𝘪𝘯 𝘴𝘢𝘭𝘦𝘴 𝘷𝘰𝘭𝘶𝘮𝘦 𝘢𝘯𝘥 𝘵𝘩𝘦𝘳𝘦 𝘸𝘦𝘳𝘦𝘯’𝘵 𝘢𝘴 𝘮𝘢𝘯𝘺 𝘣𝘪𝘨-𝘵𝘪𝘤𝘬𝘦𝘵 𝘴𝘢𝘭𝘦𝘴 𝘢𝘴 𝘸𝘦’𝘷𝘦 𝘩𝘢𝘥 𝘪𝘯 𝘱𝘳𝘦𝘷𝘪𝘰𝘶𝘴 𝘸𝘦𝘦𝘬𝘴. 𝘞𝘦 𝘴𝘩𝘰𝘶𝘭𝘥 𝘴𝘦𝘦 𝘵𝘩𝘢𝘵 𝘭𝘦𝘷𝘦𝘭 𝘰𝘶𝘵 𝘪𝘯 𝘵𝘩𝘦 𝘤𝘰𝘮𝘪𝘯𝘨 𝘸𝘦𝘦𝘬𝘴.
Numbers Aug 2nd to 8th Starting March 1st
📈House Average Price: $1,400,726
📈House Median Price: $1,300,000
📈445 Active Listings
📈57 Firm Sales This Week
📈Months of Inventory (MoI) ~ 1.47
📈Average Days on Market 7 DoM
📈Condo Average Price: $817,763
📈Condo Median Price: $692,500
📈2396 Active Listings
📈90 Firm Sales This Week
📈MoI ~ 4.42
📈Average 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.
📈House Average Price: $2,803,462
📈House Median Price: $2,260,000
📈168 Active Listings
📈13 Firm Sales This Week
📈Months of Inventory (MoI) ~ 4.09
📉Condo Average Price: $1,994,643
📉Condo Median Price: $2,245,000
📉266 Active Listings
📉7 Firm Sales This Week
📉MoI ~ 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.
📈House Average Price: $2,028,428
📈House Median Price: $1,837,000
📈43 Active Listings
📈5 Firm Sales This Week
📈Months of Inventory (MoI) ~ 1.17
📉Condo Average Price: $783,136
📉Condo Median Price: $792,000
📉146 Active Listings
📉6 Firm Sales This Week
📉MoI ~ 2.94
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.
📈House Average Price: $1,272,000
📈House Median Price: $1,272,000
📈24 Active Listings
📈4 Firm Sales This Week
📈Months of Inventory (MoI) ~ 1.23
As always, please comment below, DM, or call/text 416-434-1511 if any questions.