[๐—ฉ๐—ถ๐—ฑ๐—ฒ๐—ผ ๐—•๐—ฒ๐—น๐—ผ๐˜„] Week 38!! 

๐—จ๐—ฟ๐—ฏ๐—ฎ๐—ป

Is this the condo comeback weโ€™ve been waiting for or a bump before another drop? That is the question. Forget average price here as we had an unusual number of small small small units dominate the sales count this week. But we had a bunch of small small small units sell! Meaning, buyers are back at it and are absorbing all of those units that have been sitting stagnant. If this keeps up weโ€™ll be under 3000 available units for the first time since mid July and that’s a great thing for anyone trying to sell a condo. The window of opportunity for Buyers  in condoland could be closing as we speak.  

๐Ÿ  ๐—›๐—ผ๐˜‚๐˜€๐—ฒ๐˜€ 

๐Ÿ“ˆHouse Average Price: $1,408,205
๐Ÿ“ˆHouse Median Price: $1,310,786
๐Ÿ“ˆ531 Active Listings
๐Ÿ“ˆ87 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: $686,062
๐Ÿ“ˆCondo Median Price: $620,000
๐Ÿ“ˆ3046 Active Listings
๐Ÿ“ˆ121 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

Smooth sailing here with both condos and houses moving as they have been for the past 38 weeks. Average price is back to a normal level after last weekโ€™s massive sales skewed the numbers a bit. Sales this week ranged from $1.2 for an entry level semi in Lawrence Park up to $4.7 for a nicely designed Forest Hill home. I expect no major swings in this area as we close out 2020. 

๐Ÿ  ๐—›๐—ผ๐˜‚๐˜€๐—ฒ๐˜€ 

๐Ÿ“ˆHouse Average Price: $2,557,286
๐Ÿ“ˆHouse Median Price: $2,425,000
๐Ÿ“ˆ172 Active Listings
๐Ÿ“ˆ14 Firm Sales This Week
๐Ÿ“ˆMonths of Inventory (MoI) ~ 2.96

๐Ÿข๐—–๐—ผ๐—ป๐—ฑ๐—ผ๐˜€ 

๐Ÿ“‰Condo Average Price: $1,256,600
๐Ÿ“‰Condo Median Price: $1,152,500
๐Ÿ“‰330 Active Listings
๐Ÿ“‰10 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: $1,721,500
๐Ÿ“ˆHouse Median Price: $1,724,000
๐Ÿ“ˆ51 Active Listings 
๐Ÿ“ˆ6 Firm Sales This Week 
๐Ÿ“ˆMonths of Inventory (MoI) ~ 1.58 

๐Ÿข๐—–๐—ผ๐—ป๐—ฑ๐—ผ๐˜€

๐Ÿ“‰Condo Average Price: $764,848
๐Ÿ“‰Condo Median Price: $636,940
๐Ÿ“‰240 Active Listings
๐Ÿ“‰8 Firm Sales This Week
๐Ÿ“‰MoI ~ 4.78

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

Seven out f the 8 sales were bungalows this week. Developers and entry level buyers are out in full force buying these gems up. Half of them will be $2.5m mini-mansions in 10 months and the other half, lived in and enjoyed for many years to come as is. Birchcliff is turning out to be quite the awesome community with liveable homes you can snag for as low as the mid to high $800โ€™s. 

๐Ÿ“ˆHouse Average Price: $885,939
๐Ÿ“ˆHouse Median Price: $865,000
๐Ÿ“ˆ28 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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