How’s the real estate market in Toronto doing you ask? Tired of having to sift through tons of information just to get a brief overview of what’s happening? Well look no further! I present you with the 1 minute Toronto real estate market update, straight to the point & quick! Tune in here twice a month where I will be giving you an update during the first 14 days of every month as well as an update at the end of the month for the Toronto real estate market. In 1 minute you’ll find out how our market is doing, whether it’s a buyers or sellers market and Toronto real estate prices.
Here’s the next video for the month of April as well as a snapshot on how March finished off, enjoy! (Video transcript below)
Looking for more information or have any specific questions you want to ask? Then make sure to send them over and I will be happy to answer them.
Want to receive those 47 monthly Toronto neighbourhood reports I mentioned in the video? Then click Toronto Stats.
Here are some infographics for April done by my awesome brokerage, Sage Real Estate, for central Toronto.
Have a question or thinking of selling your home?
Hey everyone it’s the realty queen and I am back with my one minute Toronto real estate market update, this time for the month of April. Now the average selling price in the 416 area for the month of April was $641,666. Now don’t get to scared of that number because that represented an 11.8% price increase when compared to the same time last year. Now our housing sector did really well across the board. Detached homes almost hit $1 million dollars for an average selling price, which is absolutely crazy, and saw a price increase of 13.2%, semis really blew it out of the water this month or in April with an 18.0% price increase when compared to last year, townhouses did not do so bad either at 14.7% and condos not so much only 1.8% price increase, of course this is all compared to last years numbers. So now what does this all mean? With the average price of detached homes hitting almost a million dollars it was not surprising that semi detached homes were definitely in the running and were maybe a more affordable choice for buyers out there. Now just because with the weather warming up there still is a massive shortage of listings (meaning homes for sale) right now. So if you are thinking of selling your home give me a call. As the last home I sold, I was able to sell it in under 48 hours with multiple offers. It is such a crazy market out there. Now if you are thinking of or looking for more neighbourhood specific information I think I have got about 47 neighbourhood specific reports I can send to you on a monthly basis. All you have to do is go to www.torontoweststats.com and get yourself on the list. Now before I sign off here, I just wanted to give you a quick snapshot of what happened here in March. So as you can see the average selling price was up and all our different housing sectors did really well too. So thanks so much for tuning in and we will see you back here really soon.