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North Toronto Houses 2017 4th Quarter Report C04

Including: Forest Hill North, Lawrence Park, Bedford Park, Cricket Club and Englemount

North Toronto Toronto   2017     2016   Difference
House Sales   198     207   - 4%
Homes Average Price   $1,740,969     $1,706,791    2%
New Listings   351     269   13%
Active Listings   85     57   49.1%
% of Sales Price to Listing Price   99%     104%   - 4.8%
Days on Market   18     16   -12.5%

 

  Sales Average Price New Listings Days on Market % Sold Price vs. Listing Price
Forest Hill North 17 $1,332,951 21 13 102%
Lawrence Park N&S 86 $1,980,452 131 18 100%
Bedford Park 54 $2,085,483 113 18 97%
Englemount 41 $919,915 86 23 97%

 


Sales in North Toronto continued to be active however; it decreased by 4% in the 4th quarter of 2017. Prices increased over this quarter from 2016 by 2%.

This area is still in high demand as we saw homes sell for 99% of listing price and in just under 3 weeks. If new listings and inventory continued to increase this could lead to some new expectations. Time will tell.

Lawrence Park and North Forest Hill continue to hold the high demand factor as prices are very solid and we see no weakness over the near future. Bedford Park is the neighbourhood that has shown the greatest increase in prices over the past 5 years and continues to hold very strong.

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.

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