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
Average Sold Price
# of Condos Sold
% Sale Price to List Price
Days on Market
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.