[๐ฉ๐ถ๐ฑ๐ฒ๐ผ ๐๐ฒ๐น๐ผ๐] Week 26!
๐จ๐ฟ๐ฏ๐ฎ๐ป
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 weโre seeing that mainly in the core. Condos directly in the downtown core are being listed faster than we can buy them. Although MoI didnโt increase that month from last month itโs up. Now with Airbnbโs 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 donโt need to sellโฆ.donโt!
Numbers Aug 23rd to 29th
๐ ๐๐ผ๐๐๐ฒ๐
๐House Average Price: $1,576,064
๐House Median Price: $1,370,000
๐527 Active Listings
๐90 Firm Sales This Week
๐Months of Inventory (MoI) ~ 1.65
๐Average Days on Market ~7 DoM
๐ข๐๐ผ๐ป๐ฑ๐ผ๐
๐Condo Average Price: $738,811
๐Condo Median Price: $664,000
๐2604 Active Listings
๐98 Firm Sales This Week
๐MoI ~ 4.55
๐Average Days on Market (DOM) ~35
๐จ๐ฟ๐ฏ๐ฎ๐ป ๐ก๐ผ๐ฟ๐๐ต: ๐ฅ๐ผ๐๐ฒ๐ฑ๐ฎ๐น๐ฒ, ๐๐ฒ๐ฒ๐ฟ ๐ฃ๐ฎ๐ฟ๐ธ, ๐ ๐ผ๐ผ๐ฟ๐ฒ ๐ฃ๐ฎ๐ฟ๐ธ, ๐๐ผ๐ฟ๐ฒ๐๐ ๐๐ถ๐น๐น, & ๐๐ฎ๐๐ฟ๐ฒ๐ป๐ฐ๐ฒ ๐ฃ๐ฎ๐ฟ๐ธ
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 arenโt 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
๐House Average Price: $2,805,800
๐House Median Price: $2,025,000
๐163 Active Listings
๐21 Firm Sales This Week
๐Months of Inventory (MoI) ~ 2.85
๐Condo Average Price: $1,114,667
๐Condo Median Price: $1,082,500
๐291 Active Listings
๐6 Firm Sales This Week
๐MoI ~ 6.42
๐๐ฒ๐ฎ๐๐ถ๐ฑ๐ฒ & ๐๐ฎ๐๐ถ๐๐๐ถ๐น๐น๐ฒ
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 youโre 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.
๐House Average Price: $2,313,550
๐House Median Price: $1,732,200
๐49 Active Listings
๐8 Firm Sales This Week
๐Months of Inventory (MoI) ~ 1.47
๐Condo Average Price: $775,188
๐Condo Median Price: $696,500
๐190 Active Listings
๐8 Firm Sales This Week
๐MoI ~ 4
๐๐ถ๐ฟ๐ฐ๐ต ๐๐น๐ถ๐ณ๐ณ
Birch Cliff, the darling of the East Side. Some call it Lawrence Park East but Iโd rather call it Birch Cliff ๐ 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.
๐House Average Price: $1,440,000
๐House Median Price: $1,150,000
๐21 Active Listings
๐8 Firm Sales This Week
๐Months of Inventory (MoI) ~ 1.00
As always, please comment below, DM, or call/text 416-434-1511 if any questions. CC: Ara Mamourian
