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 North Toronto House and Condominium Sales Price Report

2nd Quarter, 2015

 

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North Toronto Condominium

North Toronto Condominium

 

North Toronto Detached and

Semi-Detached House Sales

Q2 2014 Q2 2015 % Difference
Average Sold Price $1,575,056 $1,872,232 + 18%
# of Homes Sold 121 112 - 8%
% Sale Price to List Price 106 104 - 2%
Days on Market 11 12 + 9%

The North Toronto real estate market was brisk in the 2nd quarter of 2015.  As compared to March - June of the previous year, 8% fewer homes were sold.  The ratio of sale price to list price was down by 2%.  However, since 2015's sale price to list price ratio was still above 100%, a Seller's market may be assumed.  This is underlined by the average sale price, which increased by a startling 18%.  (It should be noted that one sale in 2015 was above $5.5 million, which would strongly affect the average price percentage.)  In 2nd quarter 2015, a house took less than a fortnight to sell. 

North Toronto Condominium Sales Q2 2014 Q2 2015 % Difference
Average Sold Price  $563,250 $586,249  + 4%
# of Condos Sold  68  72  + 6%
% Sale Price to List Price  100  100  -
Days on Market  17  17  -

North Toronto condominium sales were robust in March to June, 2015, as compared with the same time period the previous year.  The average sale price increased by 4%, despite there being 6% more inventory on the market than in 2014.  On average, Sellers received their list price, and sold within a month of coming to market.

Together, these statistics add up to a strong Seller's market, with Buyers eager to make the most of their opportunities.     

Best Wishes for Success,

 

Peter

 

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Peter Russell - Chestnut Park Real Estate Ltd., Brokerage
1300 Yonge Street #100
Toronto, ON, M4T 1X3
(416) 706-3200
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