Danforth East York Toronto Houses 2015 1st Quarter Report E03
Including: Danforth Village, Broadview North, Playter Estates, O’Connor Parkview, Woodbine Lumsden
|Danforth Village – East York, Toronto||2015||2014||Difference|
|House Sales||43||47||– 8%|
|Homes Average Price||$700,864||$613,485||+ 14%|
|New Listings||61||75||– 19%|
|Active Listings||9||18||– 50%|
|% of Final Sales Price to Listing Price||105%||108%||– 3%|
|Days on Market||12||8||+ 50%|
Sales in Danforth including Danforth Village – East York Toronto, were very strong in the First Quarter of 2015. Over 40 Sales / Homes exchanged hands which is down 8 percent over last year but they Sold at a very high price and very quickly.
Prices were up the highest that we have ever seen in Danforth East York peaking at just over $700K up by more than 14% over last year. Homes sold in under 2 weeks. There were over 60 New Listings came on the market during this First Quarter but only 9 remained at the end.
Danforth saw many multiple offers, bidding wars and even bully offers which seems to now be the norm. However, there seems to be little change in the higher priced Homes and quick sales due to the lack of inventory in this Neighbourhood.
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. If you are considering Buying, make sure you have enlisted the skills of an experienced Agent who can handle the fast pace of this market.