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.
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 January done by my awesome brokerage, Sage Real Estate, for central Toronto.
Video Transcript
Hey everyone, it’s the Realty Queen and I’m back with my one minute real estate market update this time for the first fourteen days of February. The average selling price in the 416 area for the first 14 days of February was $594,129 which represented a 7.2% price increase when compared to last year. Now our detached homes, semi’s and condo’s also did well and saw price increases of 15.2%, 9.6%, and 5% respectively and of course this is all in compared to last year’s numbers. So now what does this all mean? It means although we saw an influx of listings hit the market, it still remains a competitive market among buyers, and sellers are cashing in, especially in desirable neighbourhoods such as The Junction Proper, The Junction Triangle, Wallace Emerson, Dovercourt Park just to name a few. So if you own a home in any of these neighbourhoods and are thinking of selling, give me a call and let’s get the ball rolling now. Now if you’re looking for more neighbourhood specific information, I think I 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. So thanks so much for tuning in, and we’ll see you back here real soon, with another update of course.