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Danforth Toronto 2015 1st Quarter Report

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%

 

danforthSales in Danforth Village - East York were very strong in the 1st  quarter of 2015. 43 sales happened down 8% 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 $700,864 up by more than 14% over last year. Homes sold in under 2 weeks. 61 new listings came on the market during this quarter but only 9 remained at the end. We saw multiple offers, bidding wars and even bully offers in this area. I see no change in the high prices and quick sales due to the lack of inventory in the area.

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.

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