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

๐—จ๐—ฟ๐—ฏ๐—ฎ๐—ป

A serious bite has been taken out of available house & condo  listings this week which is a COVID first. For the first time since march the 1st the number of available condo listings dropped by over 100 units. Does this mean the condo market has improved? Absolutely not, but if we can stack a few weeks of this trend together, then thatโ€™s a different story. Fingers crossed. But again…itโ€™s all about borders. Once they open..POP! Another first here is that there were 30% more houses sold last week than condos. 

๐Ÿ  ๐—›๐—ผ๐˜‚๐˜€๐—ฒ๐˜€ 

๐Ÿ“ˆHouse Average Price: $1,435,904
๐Ÿ“ˆHouse Median Price: $1,227,800
๐Ÿ“ˆ611 Active Listing
๐Ÿ“ˆ127 Firm Sales This Week
๐Ÿ“ˆMonths of Inventory (MoI) ~ 1.65
๐Ÿ“ˆAverage Days on Market ~ 11.66 DoM

๐Ÿข๐—–๐—ผ๐—ป๐—ฑ๐—ผ๐˜€ 

๐Ÿ“ˆCondo Average Price: $688,147
๐Ÿ“ˆCondo Median Price: $646,000
๐Ÿ“ˆ3293 Active Listings
๐Ÿ“ˆ97 Firm Sales This Week
๐Ÿ“ˆMoI ~ 5.31
๐Ÿ“ˆAverage Days on Market (DOM) ~ 22.57

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

Months of inventory has dropped to under 3 for the third time during COVID proving once again that the appetite for houses is still very strong in higher end markets. Condo inventory remains relatively unchanged and Seller should experience a fairly balanced selling process while those with houses to sell are still in the driverโ€™s seat in most cases. If youโ€™re going from condo to house then youโ€™d better sell first here. If youโ€™re going house to condo…go ahead and sell first as youโ€™ve got many options to choose from when you buy. 

๐Ÿ  ๐—›๐—ผ๐˜‚๐˜€๐—ฒ๐˜€ 

๐Ÿ“ˆHouse Average Price: $2,673,630
๐Ÿ“ˆHouse Median Price: $2,600,100
๐Ÿ“ˆ200 Active Listings
๐Ÿ“ˆ13 Firm Sales This Week
๐Ÿ“ˆMonths of Inventory (MoI) ~ 2.96

๐Ÿข๐—–๐—ผ๐—ป๐—ฑ๐—ผ๐˜€ 

๐Ÿ“‰Condo Average Price: $752,000
๐Ÿ“‰Condo Median Price: $667,000
๐Ÿ“‰360 Active Listings
๐Ÿ“‰7 Firm Sales This Week
๐Ÿ“‰MoI ~ 7.05

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

House inventory here has decreased once again to 1.58mths. Thatโ€™s an extremely low number which firmly roots most house sellers in the driverโ€™s seat. Youโ€™re likely in multiple offers on any house here. If youโ€™re going from condo to house youโ€™d better make sure that condo is sold first as thatโ€™s going to take you a while. Condo MoI also dropped a little but not anything significant. 

๐Ÿ“ˆHouse Average Price: $2,015,974
๐Ÿ“ˆHouse Median Price: $2,068,000 
๐Ÿ“ˆ60 Active Listings 
๐Ÿ“ˆ19 Firm Sales This Week 
๐Ÿ“ˆMonths of Inventory (MoI) ~ 1.58 

๐Ÿข๐—–๐—ผ๐—ป๐—ฑ๐—ผ๐˜€

๐Ÿ“‰Condo Average Price: $769,111
๐Ÿ“‰Condo Median Price: $810,000
๐Ÿ“‰241 Active Listings
๐Ÿ“‰9 Firm Sales This Week
๐Ÿ“‰MoI ~ 4.78

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

Strong, safe, and stable once again in Birchcliff with no major changes in activity or price. Still strong demand here and we only see that improving as folks get more comfortable being away from their beloved urban centre. Only 11kms from King and Bay so itโ€™s more accessible than people think. 

๐Ÿ“ˆHouse Average Price: $1,008,688
๐Ÿ“ˆHouse Median Price: $835,000
๐Ÿ“ˆ32 Active Listings 
๐Ÿ“ˆ8 Firm Sales This Week
๐Ÿ“ˆMonths of Inventory (MoI) ~ 1.38 

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

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