[๐—ฉ๐—ถ๐—ฑ๐—ฒ๐—ผ ๐—•๐—ฒ๐—น๐—ผ๐˜„] Week 37! 

๐—จ๐—ฟ๐—ฏ๐—ฎ๐—ป

BOOM! New condo listings drop by more than 100 units this week as sales activity picks up. Desperate sellers are taking offers and selling while those that have the ability to ride this out are pulling their unsold units off the market. This speaks to the financial strength and stability of many owners as well as the strength of our real estate market in general. People that buy today will be very happy a year from now. The deals we were seeing even a week ago donโ€™t seem to be on the table any longer. 

๐Ÿ  ๐—›๐—ผ๐˜‚๐˜€๐—ฒ๐˜€ 

๐Ÿ“ˆHouse Average Price: $1,425,475
๐Ÿ“ˆHouse Median Price: $1,291,251
๐Ÿ“ˆ545 Active Listings
๐Ÿ“ˆ74 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: $769,922
๐Ÿ“ˆCondo Median Price: $675,000
๐Ÿ“ˆ3201 Active Listings
๐Ÿ“ˆ113 Firm Sales This Week
๐Ÿ“ˆMoI ~ 5.31
๐Ÿ“ˆAverage Days on Market (DOM) ~ 23.28

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

Donโ€™t get too excited about that huge jump in average price here. Some huge sales skew that data a little. Sales down from 19 to only 9 this week but that should jump up next week. Still fairly steady here as most houses listed under $3M are flying with a ton of activity north of $5m as well. We should see sales maintain a relatively low rate here as we approach the holidays.

๐Ÿ  ๐—›๐—ผ๐˜‚๐˜€๐—ฒ๐˜€ 

๐Ÿ“ˆHouse Average Price: $4,005,667
๐Ÿ“ˆHouse Median Price: $2,800,000
๐Ÿ“ˆ183 Active Listings
๐Ÿ“ˆ9 Firm Sales This Week
๐Ÿ“ˆMonths of Inventory (MoI) ~ 2.96

๐Ÿข๐—–๐—ผ๐—ป๐—ฑ๐—ผ๐˜€ 

๐Ÿ“‰Condo Average Price: $1,343,127
๐Ÿ“‰Condo Median Price: $780,000
๐Ÿ“‰335 Active Listings
๐Ÿ“‰15 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

Listings of houses and condos are down here as well continuing the theme of the last three weeks. Prices of houses continue to improve rewarding home sellers and making buyers bend over backward to get what they want. Condos also remain stable here as well with some of the lowest months of inventory and most stable prices. 

๐Ÿ  ๐—›๐—ผ๐˜‚๐˜€๐—ฒ๐˜€

๐Ÿ“ˆHouse Average Price: $2,234,050
๐Ÿ“ˆHouse Median Price: $1,810,250
๐Ÿ“ˆ47 Active Listings 
๐Ÿ“ˆ10 Firm Sales This Week 
๐Ÿ“ˆMonths of Inventory (MoI) ~ 1.58 

๐Ÿข๐—–๐—ผ๐—ป๐—ฑ๐—ผ๐˜€

๐Ÿ“‰Condo Average Price: $696,500
๐Ÿ“‰Condo Median Price: $643,500
๐Ÿ“‰242 Active Listings
๐Ÿ“‰10 Firm Sales This Week
๐Ÿ“‰MoI ~ 4.78

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

Another week here with fairly low sales activity with the 4 sales being mostly for land value. Any agent can check the MLS and tell you whatโ€™s sold and what hasntโ€™ but our local intelilgence goes beyond that. One of our developer clients sold his project to a local privately for $2.5m. In 2021 Weโ€™ll see $2.5 be the entry level price for nicely done new builds on 40โ€™ lots. 

๐Ÿ“ˆHouse Average Price: $848,000
๐Ÿ“ˆHouse Median Price: $756,500
๐Ÿ“ˆ34 Active Listings 
๐Ÿ“ˆ4 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.

TELL US WHAT YOU THINK