[๐—ฉ๐—ถ๐—ฑ๐—ฒ๐—ผ ๐—•๐—ฒ๐—น๐—ผ๐˜„] Week 26! 

๐—จ๐—ฟ๐—ฏ๐—ฎ๐—ป

The yo-yo continues to bob up and down as sales numbers dip to below 100 with 90 firm house sales in our urban communities. Followed by nearly a 33% drop in condo sales. Both average price and median are also down and weโ€™re seeing that mainly in the core. Condos directly in the downtown core are being listed faster than we can buy them. Although MoI didnโ€™t increase that month from last month itโ€™s up. Now with Airbnbโ€™s new rules disallowing rentals in anything other than your personal residence we should see a ton of condos hit the market in the coming weeks/months. Again, if you donโ€™t need to sellโ€ฆ.donโ€™t! 

Numbers Aug 23rd to 29th

๐Ÿ  ๐—›๐—ผ๐˜‚๐˜€๐—ฒ๐˜€ 

๐Ÿ“ˆHouse Average Price: $1,576,064
๐Ÿ“ˆHouse Median Price: $1,370,000
๐Ÿ“ˆ527 Active Listings
๐Ÿ“ˆ90 Firm Sales This Week
๐Ÿ“ˆMonths of Inventory (MoI) ~ 1.65
๐Ÿ“ˆAverage Days on Market ~7 DoM

๐Ÿข๐—–๐—ผ๐—ป๐—ฑ๐—ผ๐˜€ 

๐Ÿ“ˆCondo Average Price: $738,811
๐Ÿ“ˆCondo Median Price: $664,000
๐Ÿ“ˆ2604 Active Listings
๐Ÿ“ˆ98 Firm Sales This Week
๐Ÿ“ˆMoI ~ 4.55
๐Ÿ“ˆAverage Days on Market (DOM) ~35

๐—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—ธ

Houses continue to perform very well here as MoI is almost cut in half from last month. This is a result of slowly depleting listing inventory with the same level of buyer demand. If you have a house to sell you should be doing well here especially under $3M. Homes $3M to $10M are still selling relatively quickly but still up to 45-60 days in some cases. Condos on the other hand have crossed the dreaded 6MoI and arenโ€™t showing much life to be honest. only 6 firm sales this week down from 13 last. Condo sellers are going to be on the market for a while waiting fo their buyer. Buyers finally have something to celebrate here

๐Ÿ“ˆHouse Average Price: $2,805,800
๐Ÿ“ˆHouse Median Price: $2,025,000 
๐Ÿ“ˆ163 Active Listings
๐Ÿ“ˆ21 Firm Sales This Week
๐Ÿ“ˆMonths of Inventory (MoI) ~ 2.85

๐Ÿ“‰Condo Average Price: $1,114,667
๐Ÿ“‰Condo Median Price: $1,082,500
๐Ÿ“‰291 Active Listings
๐Ÿ“‰6 Firm Sales This Week
๐Ÿ“‰MoI ~ 6.42

๐—Ÿ๐—ฒ๐—ฎ๐˜€๐—ถ๐—ฑ๐—ฒ & ๐——๐—ฎ๐˜ƒ๐—ถ๐˜€๐˜ƒ๐—ถ๐—น๐—น๐—ฒ

Average price sitting pretty above $2M again. We were floating around the $1.8 mark for a while but here we are. Demand for larger homes in Leaside and Davisville is big and MoI is super low. Expect competition here if youโ€™re a Buyer. Condos are a different story but still moving quite healthily. This area is a great option for those that are priced out of Yonge and Eg or newer product. Many well maintained older condos here that can give you plenty of space for much less money than downtown or prime urban communities. 

๐Ÿ“ˆHouse Average Price: $2,313,550
๐Ÿ“ˆHouse Median Price: $1,732,200 
๐Ÿ“ˆ49 Active Listings 
๐Ÿ“ˆ8 Firm Sales This Week 
๐Ÿ“ˆMonths of Inventory (MoI) ~ 1.47 

๐Ÿ“‰Condo Average Price: $775,188
๐Ÿ“‰Condo Median Price: $696,500
๐Ÿ“‰190 Active Listings
๐Ÿ“‰8 Firm Sales This Week
๐Ÿ“‰MoI ~ 4

๐—•๐—ถ๐—ฟ๐—ฐ๐—ต ๐—–๐—น๐—ถ๐—ณ๐—ณ

Birch Cliff, the darling of the East Side. Some call it Lawrence Park East but Iโ€™d rather call it Birch Cliff ๐Ÿ™‚ Check out that average price! Crossing the $1.4 mark for the first time and taking median up with it. With only one month of inventory available you can imagine how competitive it is here. We can expect these numbers to continue into 2020 and beyond. Big lots, big homes and super close to The Beaches and the eventual growth to the North as Gerrard continues to make moves. 

๐Ÿ“ˆHouse Average Price: $1,440,000 
๐Ÿ“ˆHouse Median Price: $1,150,000
๐Ÿ“ˆ21 Active Listings 
๐Ÿ“ˆ8 Firm Sales This Week
๐Ÿ“ˆMonths of Inventory (MoI) ~ 1.00 

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

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