Mid Town Toronto Houses 2016 1st Quarter Report C02
Including: Yonge and St. Clair, Casa Loma, Wychwood and The Annex
Mid Town Toronto
Homes Average Price
% of Final Sales Price to Listing Price
Days on Market
Average Price Detached
Days on Market
% Sold Price vs. Listing Price
Yonge and St. Clair
Sales in midtown Toronto continued to move quite nicely. We did see a very strong rise in sales from 2014 by 41% with 182 sales over the quarter. We also saw a 7% increase in prices moving from $1,077,722 in 2014 to over $1,152,958 in 2015. This area is still in high demand as we saw homes sell for 99% of listing price.
One of the stats that shows that the market will continue to move well into 2014 is that home prices are up and when they go on the market they sell quickly. This is partially due to the lack of inventory within the market for homes over 1 million dollars. A year ago we saw the luxury homes selling much slower and less than listing price. Active listings dropped by 14% this quarter.
One interesting stat is that 63 condos sold and 27 homes sold in this area. We also saw that other than Casa Loma homes sold over asking price. Wychwood continues to rise in price and the homes there are selling within 3 months.
The analysis shows if you are debating on selling your home, now would be an excellent time to place your home on the market as the inventory continues to be low.
Bill Joyce Real Estate Ltd., Brokerage, Toronto Real Estate firm independently owned & operated.
Toronto,Ontario, M2N 4M4 / 416-485-8140.
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purchase, sale and lease of real estate as part of a cooperative selling system. Canadian Real Estate Association Last Updated: 6/25/2019 11:14:07 AM