Mount Pleasant Davisville Sherwood Park Toronto First Quarter Real Estate Report 2015

Mount Pleasant Davisville Sherwood Park Toronto Real Estate

North Toronto Houses 2015 1st Quarter Report C10

Including: Mt. Pleasant (East West), Davisville & Sherwood Park

Mount Pleasant Toronto   2015     2014   Difference
House Sales   122     115   + 6%
Homes Average Price   $789,748     $717,213   + 10%
New Listings   213     203   + 5%
Active Listings   101     87   + 14%
% of Final Sales Price to Listing Price   102%     101%   + 1%
Days on Market   22     21   + 5%
Mount Pleasant Davisville Sherwood Park Toronto Real Estate

Row of Houses in Mt. Pleasant

Sales Average Price Detached New Listings Days on Market % Sold Price vs. Listing Price
Mount Pleasant East 47 $993,714 71 22 105%
Mount Pleasant West 75 $661,490 142 75 100%

Davisville and Mount Pleasant has really grown into one of Toronto’s hotbed neighbourhoods. Still considered an area to move up to without spending millions of dollars to do so. Just east of Yonge Street this neighbourhood is close to shopping, transportation, boutiques and 5 Star restaurants. It has always been considered a family friendly safe neighbourhood with excellent schools and this is the reason this area continues to boom in the Toronto Real Estate market.

Sales boomed in the 1st quarter of 2015. Sales were up 6% to over 122 sales from the same time in 2014. Sales prices rose 6% to close to $800,000. New listings were up 5% though active listings grew just 14% due to the average home on the market lasted less than 2 weeks and sold by close to 3% over asking price.

Sales will continue to be brisk in this area. The greatest concern is for the buyers that the new listings will drop off and that will create a larger demand for the inventory out there raising prices and creating more bidding wars and multiple offers.

I may sound like a broken record in this area but if you are debating on selling this is the time to do so with the inventory low and the prices high. We never have a clue how long this type of market will last.