[๐ฉ๐ถ๐ฑ๐ฒ๐ผ ๐๐ฒ๐น๐ผ๐] Week 38!!
๐จ๐ฟ๐ฏ๐ฎ๐ป
Is this the condo comeback weโve 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 weโll 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.
๐ ๐๐ผ๐๐๐ฒ๐
๐House Average Price: $1,408,205
๐House Median Price: $1,310,786
๐531 Active Listings
๐87 Firm Sales This Week
๐Months of Inventory (MoI) ~ 1.65
๐Average Days on Market ~ 11.66 DoM
๐ข๐๐ผ๐ป๐ฑ๐ผ๐
๐Condo Average Price: $686,062
๐Condo Median Price: $620,000
๐3046 Active Listings
๐121 Firm Sales This Week
๐MoI ~ 5.31
๐Average Days on Market (DOM) ~ 23.28
๐จ๐ฟ๐ฏ๐ฎ๐ป ๐ก๐ผ๐ฟ๐๐ต: ๐ฅ๐ผ๐๐ฒ๐ฑ๐ฎ๐น๐ฒ, ๐๐ฒ๐ฒ๐ฟ ๐ฃ๐ฎ๐ฟ๐ธ, ๐ ๐ผ๐ผ๐ฟ๐ฒ ๐ฃ๐ฎ๐ฟ๐ธ, ๐๐ผ๐ฟ๐ฒ๐๐ ๐๐ถ๐น๐น, & ๐๐ฎ๐๐ฟ๐ฒ๐ป๐ฐ๐ฒ ๐ฃ๐ฎ๐ฟ๐ธ
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 weekโs 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.
๐ ๐๐ผ๐๐๐ฒ๐
๐House Average Price: $2,557,286
๐House Median Price: $2,425,000
๐172 Active Listings
๐14 Firm Sales This Week
๐Months of Inventory (MoI) ~ 2.96
๐ข๐๐ผ๐ป๐ฑ๐ผ๐
๐Condo Average Price: $1,256,600
๐Condo Median Price: $1,152,500
๐330 Active Listings
๐10 Firm Sales This Week
๐MoI ~ 7.05
๐๐ฒ๐ฎ๐๐ถ๐ฑ๐ฒ & ๐๐ฎ๐๐ถ๐๐๐ถ๐น๐น๐ฒ
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.
๐ ๐๐ผ๐๐๐ฒ๐
๐House Average Price: $1,721,500
๐House Median Price: $1,724,000
๐51 Active Listings
๐6 Firm Sales This Week
๐Months of Inventory (MoI) ~ 1.58
๐ข๐๐ผ๐ป๐ฑ๐ผ๐
๐Condo Average Price: $764,848
๐Condo Median Price: $636,940
๐240 Active Listings
๐8 Firm Sales This Week
๐MoI ~ 4.78
๐๐ถ๐ฟ๐ฐ๐ต ๐๐น๐ถ๐ณ๐ณ
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 $800โs.
๐House Average Price: $885,939
๐House Median Price: $865,000
๐28 Active Listings
๐8 Firm Sales This Week
๐Months of Inventory (MoI) ~ 1.38
As always, please comment below, DM, or call/text 416-434-1511 if any questions.
