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 February done by my awesome brokerage, Sage Real Estate, for central Toronto.
Have a question or thinking of selling your home? You know what to do…….
Transcript:
Hey everyone its the Realty Queen and I am back with my one minute Toronto real estate market update, this time for the month of February. The average selling price in the 416 area for the month of February was $599,414, which represented an 8.9% price increase when compared to last year. Now our housing sectors did really great across the board and detached homes saw a price increase of 15.7%, semi detached homes saw 8%, our town houses really rocked it this month and saw a price increase of 20.7% and our condos saw a price increase of 6% of course all compared to last years numbers. So now what does this all mean? It means that our home prices on average will trend upwards well above the rate of inflation and seller market conditions will prevail throughout the rest of this year. So if you are thinking of selling your home don’t be scared of the cold weather, give me a call and lets get your house on the market especially in a time when we are seeing ten to twenty offers on any single home. Now if you are looking for more neighbourhood specific information, I think I’ve 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 will see you back here soon with another update in real estate. Of course.