Mid Town Toronto Houses 2017 4th Quarter Report C02

Including: Yonge and St. Clair, Casa Loma, Wychwood and The Annex

Mid Town Toronto   2017     2016   Difference
House Sales   184     183   .01%
Homes Average Price   $1,336,075     $1,370,746   -2. 5%
New Listings   265     291   - 7%
Active Listings   97     108   -10%
% of Final Sales Price to Listing Price   99%     100%    -1%
Days on Market   25     22   -13.6%

 

  Sales Average Price Detached New Listings Days on Market % Sold Price vs. Listing Price
Yonge and St. Clair 43 $1,531,988 46 18 99%
Casa Loma 30 $1,350,203 46 32 101%
Wychwood 23 $1,233,717 27 15 102%
The Annex 88 $1,262,282 146 28 98%

 

We saw really no change in in midtown Toronto sales as the number of sold properties increased from 183 sales during this quarter last year to 184 this is a .01% more. Housing prices continued to be strong but they did decrease by -2.5% at $1,336,075.  New listings on the market continues to be flat in a slow inventory market dropping another -7% and active listings at the end of the quarter was down 10% as well. Final sales to listing price showed a small decrease of 1%. The time to sell your home was still just under a month.

Yonge and St. Clair saw an increase in sales over the 3rd quarter 2017 to 43 and we saw the average price decrease slightly from last year. The prices for detached did rise over this period of time. Casa Loma neighbourhood continues to be strong in the final prices of home but this is do to the lack of inventory we are seeing in this neighbourhood.

Overall mid town Toronto remains in good shape as prices are still strong. I believe that if we do see more inventory in this area we may see the rising prices stall. Therefore if you are debating on selling your home soon now is better than later to list your property as we may enter an uncertain market in midtown Toronto moving forward.

 

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