In July 2019, there were 8,595 home sales reported through the Toronto Real Estate Board MLS. This result continues the trend of improved year-over-year sales with a 24.3% jump from the same month a year earlier.
In July 2019, there were 8,595 home sales reported through the Toronto Real Estate Board MLS. This result continues the trend of improved year-over-year sales with a 24.3% jump from the same month a year earlier.
The average selling price for all home types combined was up by just over 3% over the same period and continues to be driven by higher density home types (for example, condominiums).
On average, single detached home prices remained lower than last year’s levels in the 416 area, but had a modest increase of 2.5 per cent in the 905 region.
When comparing North York prices to the rest of Toronto, Toronto average condo price is $627,927 and North York is $578,000.
For freehold property sales, the average sales price for Toronto is $1,227,301 vs. $1,1700,000 in North York.
It should also be noted that in North York, freehold prices have gone down 4.43% compared to the same time last year, but the condo prices have increased by 4.88%.
As we get to the end of summer I suspect that prices and sales will remain fairly flat as families get ready for their kids to return to school. Going into the Fall season, I suspect that we won't see any major changes to the market and prices will stay fairly flat.
If you would like to have more information about the sales activity in North York, or Toronto and surrounding areas, please feel free to contact me.
Lorie Brodie, Sales Representative
647-209-7786 | lorie@brodiehomes.com
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