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%|
|% 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%|
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.
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!