[๐ฉ๐ถ๐ฑ๐ฒ๐ผ ๐๐ฒ๐น๐ผ๐] 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
Numbers Aug 9th to 15th Starting March 1st
๐ ๐๐ผ๐๐๐ฒ๐
๐House Average Price: $1,484,921 ๐House Median Price: $1,375,000 ๐461 Active Listings ๐81 Firm Sales This Week ๐Months of Inventory (MoI) ~ 1.47 ๐Average Days on Market ~7 DoM
๐ข๐๐ผ๐ป๐ฑ๐ผ๐
๐Condo Average Price: $802,132 ๐Condo Median Price: $693,500 ๐2454 Active Listings ๐111 Firm Sales This Week ๐MoI ~ 4.42 ๐Average 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.
๐House Average Price: $2,465,190 ๐House Median Price: $2,380,209 ๐165 Active Listings ๐18 Firm Sales This Week ๐Months of Inventory (MoI) ~ 4.09
๐Condo Average Price: $1,429,094 ๐Condo Median Price: $1,049,000 ๐272 Active Listings ๐15 Firm Sales This Week ๐MoI ~ 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.
๐House Average Price: $2,133,276 ๐House Median Price: $2,180,000 ๐50 Active Listings ๐6 Firm Sales This Week ๐Months of Inventory (MoI) ~ 1.17
๐Condo Average Price: $683,143 ๐Condo Median Price: $680,000 ๐159 Active Listings ๐7 Firm Sales This Week ๐MoI ~ 2.94
Birch Cliff
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.
๐House Average Price: $1,230,667 ๐House Median Price: $1,181,000 ๐28 Active Listings ๐3 Firm Sales This Week ๐Months of Inventory (MoI) ~ 1.23
[๐ฉ๐ถ๐ฑ๐ฒ๐ผ ๐๐ฒ๐น๐ผ๐] 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. ๐จ๐ฟ๐ฏ๐ฎ๐ปSales 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 1st๐ ๐๐ผ๐๐๐ฒ๐ ๐House Average Price: $1,484,921๐House Median Price: $1,375,000๐461 Active Listing๐81 Firm Sales This Week๐Months of Inventory (MoI) ~ 1.47๐Average Days on Market ~7 DoM๐ข๐๐ผ๐ป๐ฑ๐ผ๐ ๐Condo Average Price: $802,132๐Condo Median Price: $693,500๐2454 Active Listings๐111 Firm Sales This Week๐MoI ~ 4.42๐Average Days on Market (DOM) ~35๐จ๐ฟ๐ฏ๐ฎ๐ป ๐ก๐ผ๐ฟ๐๐ต: ๐ฅ๐ผ๐๐ฒ๐ฑ๐ฎ๐น๐ฒ, ๐๐ฒ๐ฒ๐ฟ ๐ฃ๐ฎ๐ฟ๐ธ, ๐ ๐ผ๐ผ๐ฟ๐ฒ ๐ฃ๐ฎ๐ฟ๐ธ, ๐๐ผ๐ฟ๐ฒ๐๐ ๐๐ถ๐น๐น, & ๐๐ฎ๐๐ฟ๐ฒ๐ป๐ฐ๐ฒ ๐ฃ๐ฎ๐ฟ๐ธOnly 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. ๐House Average Price: $2,465,190๐House Median Price: $2,380,209 ๐165 Active Listings๐18 Firm Sales This Week๐Months of Inventory (MoI) ~ 4.09๐Condo Average Price: $1,429,094๐Condo Median Price: $1,049,000๐272 Active Listings๐15 Firm Sales This Week๐MoI ~ 5.1๐๐ฒ๐ฎ๐๐ถ๐ฑ๐ฒ & ๐๐ฎ๐๐ถ๐๐๐ถ๐น๐น๐ฒAgain, 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. ๐House Average Price: $2,133,276๐House Median Price: $2,180,000 ๐50 Active Listings ๐6 Firm Sales This Week ๐Months of Inventory (MoI) ~ 1.17 ๐Condo Average Price: $683,143๐Condo Median Price: $680,000๐159 Active Listings๐7 Firm Sales This Week๐MoI ~ 2.94๐๐ถ๐ฟ๐ฐ๐ต ๐๐น๐ถ๐ณ๐ณOnly 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 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.๐House Average Price: $1,230,667 ๐House Median Price: $1,181,000๐28 Active Listings ๐3 Firm Sales This Week๐Months of Inventory (MoI) ~ 1.23 As always, please comment below, DM, or call/text 416-434-1511 if any questions. CC: Ara Mamourian
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