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

๐Ÿ  ๐—›๐—ผ๐˜‚๐˜€๐—ฒ๐˜€ 

๐Ÿ“ˆHouse Average Price: $1,484,921
๐Ÿ“ˆHouse Median Price: $1,375,000
๐Ÿ“ˆ461 Active Listings
๐Ÿ“ˆ81 Firm Sales This Week
๐Ÿ“ˆMonths of Inventory (MoI) ~ 1.47
๐Ÿ“ˆAverage Days on Market ~7 DoM

๐Ÿข๐—–๐—ผ๐—ป๐—ฑ๐—ผ๐˜€

๐Ÿ“ˆCondo Average Price: $802,132
๐Ÿ“ˆCondo Median Price: $693,500
๐Ÿ“ˆ2454 Active Listings
๐Ÿ“ˆ111 Firm Sales This Week
๐Ÿ“ˆMoI ~ 4.42
๐Ÿ“ˆAverage 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.

๐Ÿ“ˆHouse Average Price: $2,465,190
๐Ÿ“ˆHouse Median Price: $2,380,209
๐Ÿ“ˆ165 Active Listings
๐Ÿ“ˆ18 Firm Sales This Week
๐Ÿ“ˆMonths of Inventory (MoI) ~ 4.09

๐Ÿ“‰Condo Average Price: $1,429,094
๐Ÿ“‰Condo Median Price: $1,049,000
๐Ÿ“‰272 Active Listings
๐Ÿ“‰15 Firm Sales This Week
๐Ÿ“‰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.

๐Ÿ“ˆHouse Average Price: $2,133,276
๐Ÿ“ˆHouse Median Price: $2,180,000
๐Ÿ“ˆ50 Active Listings
๐Ÿ“ˆ6 Firm Sales This Week
๐Ÿ“ˆMonths of Inventory (MoI) ~ 1.17

๐Ÿ“‰Condo Average Price: $683,143
๐Ÿ“‰Condo Median Price: $680,000
๐Ÿ“‰159 Active Listings
๐Ÿ“‰7 Firm Sales This Week
๐Ÿ“‰MoI ~ 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.

๐Ÿ“ˆHouse Average Price: $1,230,667
๐Ÿ“ˆHouse Median Price: $1,181,000
๐Ÿ“ˆ28 Active Listings
๐Ÿ“ˆ3 Firm Sales This Week
๐Ÿ“ˆMonths of Inventory (MoI) ~ 1.23

Week 24: Well that was a short vacation…

[๐—ฉ๐—ถ๐—ฑ๐—ฒ๐—ผ ๐—•๐—ฒ๐—น๐—ผ๐˜„] 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. ๐—จ๐—ฟ๐—ฏ๐—ฎ๐—ปSales 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 1st๐Ÿ  ๐—›๐—ผ๐˜‚๐˜€๐—ฒ๐˜€ ๐Ÿ“ˆHouse Average Price: $1,484,921๐Ÿ“ˆHouse Median Price: $1,375,000๐Ÿ“ˆ461 Active Listing๐Ÿ“ˆ81 Firm Sales This Week๐Ÿ“ˆMonths of Inventory (MoI) ~ 1.47๐Ÿ“ˆAverage Days on Market ~7 DoM๐Ÿข๐—–๐—ผ๐—ป๐—ฑ๐—ผ๐˜€ ๐Ÿ“ˆCondo Average Price: $802,132๐Ÿ“ˆCondo Median Price: $693,500๐Ÿ“ˆ2454 Active Listings๐Ÿ“ˆ111 Firm Sales This Week๐Ÿ“ˆMoI ~ 4.42๐Ÿ“ˆAverage Days on Market (DOM) ~35๐—จ๐—ฟ๐—ฏ๐—ฎ๐—ป ๐—ก๐—ผ๐—ฟ๐˜๐—ต: ๐—ฅ๐—ผ๐˜€๐—ฒ๐—ฑ๐—ฎ๐—น๐—ฒ, ๐——๐—ฒ๐—ฒ๐—ฟ ๐—ฃ๐—ฎ๐—ฟ๐—ธ, ๐— ๐—ผ๐—ผ๐—ฟ๐—ฒ ๐—ฃ๐—ฎ๐—ฟ๐—ธ, ๐—™๐—ผ๐—ฟ๐—ฒ๐˜€๐˜ ๐—›๐—ถ๐—น๐—น, & ๐—Ÿ๐—ฎ๐˜„๐—ฟ๐—ฒ๐—ป๐—ฐ๐—ฒ ๐—ฃ๐—ฎ๐—ฟ๐—ธOnly 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. ๐Ÿ“ˆHouse Average Price: $2,465,190๐Ÿ“ˆHouse Median Price: $2,380,209 ๐Ÿ“ˆ165 Active Listings๐Ÿ“ˆ18 Firm Sales This Week๐Ÿ“ˆMonths of Inventory (MoI) ~ 4.09๐Ÿ“‰Condo Average Price: $1,429,094๐Ÿ“‰Condo Median Price: $1,049,000๐Ÿ“‰272 Active Listings๐Ÿ“‰15 Firm Sales This Week๐Ÿ“‰MoI ~ 5.1๐—Ÿ๐—ฒ๐—ฎ๐˜€๐—ถ๐—ฑ๐—ฒ & ๐——๐—ฎ๐˜ƒ๐—ถ๐˜€๐˜ƒ๐—ถ๐—น๐—น๐—ฒAgain, 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. ๐Ÿ“ˆHouse Average Price: $2,133,276๐Ÿ“ˆHouse Median Price: $2,180,000 ๐Ÿ“ˆ50 Active Listings ๐Ÿ“ˆ6 Firm Sales This Week ๐Ÿ“ˆMonths of Inventory (MoI) ~ 1.17 ๐Ÿ“‰Condo Average Price: $683,143๐Ÿ“‰Condo Median Price: $680,000๐Ÿ“‰159 Active Listings๐Ÿ“‰7 Firm Sales This Week๐Ÿ“‰MoI ~ 2.94๐—•๐—ถ๐—ฟ๐—ฐ๐—ต ๐—–๐—น๐—ถ๐—ณ๐—ณOnly 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.๐Ÿ“ˆHouse Average Price: $1,230,667 ๐Ÿ“ˆHouse Median Price: $1,181,000๐Ÿ“ˆ28 Active Listings ๐Ÿ“ˆ3 Firm Sales This Week๐Ÿ“ˆMonths of Inventory (MoI) ~ 1.23 As always, please comment below, DM, or call/text 416-434-1511 if any questions. CC: Ara Mamourian

Posted by The Spring Team Real Estate on Wednesday, August 19, 2020

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

TELL US WHAT YOU THINK