The Beaches Houses 2017 4th Quarter Report E02

 

The Beach Toronto   2017     2016   Difference
House Sales   84     78   7.7%
Homes Average Price   $1,207,433     1,172,146   3%
New Listings   120     104   15.4%
Active Listings   26     16   62.5%
% of Final Sales Price to Listing Price   100%     104%   -4%
Days on Market   15     13   6.7%

 

 


davisville village toronto real estate reportThe Beaches has really grown into one of Toronto's hotbed neighbourhoods. Still considered an area to move up to without spending millions of dollars to do so. This neighbourhood is close to shopping, transportation, boutiques and restaurants. It has always been considered a family friendly safe neighbourhood with excellent schools and this is the reason this area continues to boom in the Toronto Real Estate market.

In the 4th quarter of 2017 sales were up 7.7% to 6 more sales from the same time in 2016. Sales prices rose 3% to $1,207,000. New listings were up marginally and active listings increased 62.5%. Even with more new listings and the desireable area; this is the reason that the prices of homes have still increased this quarter.

 

Sales will continue to be brisk in this area. The greatest concern is for the buyers that the new listings will drop off further and that will create a larger demand for the inventory out there.

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