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Central Toronto Houses 2014 2nd Quarter Report C12

Including: Bridle Path , Sunnybrooke & St. Andrews, Winfield

Central Toronto   2014     2013   Difference
House Sales   225     124   + 81%
Homes Average Price   $1,852,139     $1,793,498   + 3%
New Listings   295     329   - 11%
Active Listings   147     174   - 16%
% of Final Sales Price to Listing Price   97%     96%   + 1%
Days on Market   27     29   - 7%

 

  Sales Average Price Detached New Listings Days on Market % Sold Price vs. Listing Price
Bridle Path & Sunnybrook 67 $2,036,543 131 34 97%
St. Andrew's & Winfield 83 $1,703,282 164 21 98%

 


2nd Quarter 2014 Toronto Real EstateI love to gage the luxury real estate of Toronto by C 12. It offers showing the strength of the market on a whole. Most of this area are homes over a million dollars and before a market slides you tend to see weakness in the luxury neighbourhoods. This is not the case in this area. Sales were in fact up 81% over the same period last year and we saw the prices continue to climb to $1,852,139 3% over the same period of last year. The area that we did see a decline was in new listings which was 11% down from the year prior and active listings at the end of this 2nd quarter came in at only 147, 16% less than in 2013. Other good news was that sellers were getting 1% more than asking prices and the listings were on the market 2 days less than last year.

Bridle Path and Sunnybrook continued it's strong sales of 67 at over 2 million and we saw 131 new listings selling in 34 days. This market continues to hold its own with no sign of weakness. No one will know what is to come in the future but for you sellers thinking of going into the market now is the time.

The same holds true for St. Andre's and Winfield where prices were up, Listings were up and days on the market were way down.

I willl be watching very closely what will happen in this market over the next few months. At this time we see no changes for the worse.