Yonge & St Clair, Casa Loma, Annex Toronto First Quarter Real Estate Report 2015

Annex Multiplex House Toronto Real Estate

Mid Town Toronto Houses 2015 1st Quarter Report C02

Including: Yonge and St. Clair, Casa Loma, Wychwood and The Annex

Mid Town Toronto   2015     2014   Difference
House Sales   182     129   + 41%
Homes Average Price   $1,152,958     $1,077,722   + 7%
New Listings   368     329   + 12%
Active Listings   196     229   -14%
% of Final Sales Price to Listing Price   99%     101%   – 2%
Days on Market   37     27   + 37%
  Sales Average Price Detached New Listings Days on Market % Sold Price vs. Listing Price
Yonge and St. Clair 26 $1,051,897 75 25 103%
Casa Loma 17 $1,548,905 39 29 98%
Wychwood 18 $953,940 21 10 102%
The Annex 68 $1,002,567 212 32 100%
Annex Multiplex House Toronto Real Estate

Annex Toronto Classic House

Sales in Midtown Toronto continued to steadily move upwards . There was a strong rise in sales from 2014 by 41 percent with 182 sales over the First Quarter. There was also a 7 percent increase in prices moving from $1,077,722 in 2014 to over $1,152,958 in 2015. This area is still in high demand as homes Sold for 99 percent of List Price.

One of the stats that shows that the Toronto Real Estate Market will continue to move well in 2015, is that Home prices are up and when they go on the market For Sale, they Sell quickly. This is partially due to the lack of inventory within the market for homes over 1 Million Dollars. A year ago we saw the luxury homes selling much slower and less than listing price. Active listings dropped by 14% this quarter.

Casa Loma Toronto Real Estate House

Casa Loma Home

One interesting stat is that 63 Condos Sold and 27 Homes Sold in these Neighbourhoods. Casa Loma Houses Sold Over asking price. Wychwood continues to rise in Price and are selling within 3 months.

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.  As a Buyer, it would be best to lock into a seasoned Agent who knows how to negotiate in this Fast-Paced Market!