[𝗩𝗶𝗱𝗲𝗼 𝗕𝗲𝗹𝗼𝘄] Week 24! Wow, so that didn’t last long. People seemed to take a break from real estating last week but some buyers are back in play during Week 24.
Sales volume (aka the number of actual sales) is up nearly 60% for Houses and 23% for Condos. We’re still down from our Mid-July highs (which were virtually pre-COVID numbers).
Numbers Aug 9th to 15th Starting March 1st
📈House Average Price: $1,484,921
📈House Median Price: $1,375,000
📈461 Active Listings
📈81 Firm Sales This Week
📈Months of Inventory (MoI) ~ 1.47
📈Average Days on Market ~7 DoM
📈Condo Average Price: $802,132
📈Condo Median Price: $693,500
📈2454 Active Listings
📈111 Firm Sales This Week
📈MoI ~ 4.42
📈Average Days on Market (DOM) ~35
Urban North: Rosesale, Deer Park, Moore Park, Forest Hill, & Lawrence Park
Only 5 of the 18 House sales resulted in multiple offers during Week 24 and those were mostly in the sub $2M range…as expected. $3-5M homes are all selling relatively quickly and close to asking in most cases so not too many “deals” spotted here. Nice to see sales volume jump up a little this week.
📈House Average Price: $2,465,190
📈House Median Price: $2,380,209
📈165 Active Listings
📈18 Firm Sales This Week
📈Months of Inventory (MoI) ~ 4.09
📉Condo Average Price: $1,429,094
📉Condo Median Price: $1,049,000
📉272 Active Listings
📉15 Firm Sales This Week
📉MoI ~ 5.1
Leaside & Davisville
Again, not a ton of sales volume in this pocket however prices remain high and stable. There was a slight increase in new listings but MoI is super tight here so we could use some supply. If you’re in the Leaside and Davisville area we need you on the market! You’ll do well.
📈House Average Price: $2,133,276
📈House Median Price: $2,180,000
📈50 Active Listings
📈6 Firm Sales This Week
📈Months of Inventory (MoI) ~ 1.17
📉Condo Average Price: $683,143
📉Condo Median Price: $680,000
📉159 Active Listings
📉7 Firm Sales This Week
📉MoI ~ 2.94
Only 3 sales here but that’s typical. Not a ton of quality inventory but lots of Buyer attention. This area offers some of the largest lots in the East at a price that’s too attractive to ignore.
You could go 500M south of Kingston Rd into the Beaches and pay 2x for the same lot. Being closer to Queen and the beach are an incredible amenities to have at your doorstep but if you’re looking for more house and land, your money will go a lot further here. The area is still fairly auto-centric but that’s changing slowly but surely.
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: $1,230,667
📈House Median Price: $1,181,000
📈28 Active Listings
📈3 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.