Don Mills & Banbury Houses 2015 1st Quarter Report C13
| ||Sales||Average Price Detached||New Listings||Days on Market||% Sold Price vs. Listing Price|
|Don Mills & Banbury||68||$821,170||150||63||101%|
Don Mills and Banbury continue to be one of Toronto's hottest markets. We have seen prices rise by more than 5% year over year for the past 15 years and this quarter was eaven stronger as prices rose by more than 12% over the same period of time last year. There is no sign of slow down in any way. Sales were down close to 30%to 68. New listings were down slightly and inventory remained the same and sold in less than 3 weeks. We can see multiple offers and bidding wars in this market based on the final sales price being at 105% of asking.
Overall this is a great market for the seller out there. Being so close to downtown ateries we have seen many flock this way instead of paying over a million just blocks away. We will continue to see this area grow this year based on how quickly listings come and go on the market.
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.