Corinne McCabe ABR, Broker

Bosley Real Estate Ltd., Brokerage

Cell 416-888-9842 | info@corinnemccabe.com

 

With no distractions to stand in our way for at least the next month we knew that we would see a return to a more traditional fall market. Things got off on the right foot two weeks ago and the steady pace of more listings and sales has continued just as we predicted. With two months left in 2015 there is still plenty of transactions on the horizon and our research shows there are plenty of buyers waiting for the perfect home.

 

Freehold listings are up for the third week in a row reaching just shy of 400 units in the downtown core.  The single biggest growth segment being in the $1.5M- $3M price range in the central core. Overall, this represents just 4.5% fewer listings than the same week one year ago. While sales are also trending 8.7% higher than the previous week they aren’t as high as they were last year (200 compared to 229). Homes trading at or above the list price is at a very respectable 55%, well within the range we have seen for a strong fall market.

 

Following three straight weeks of falling resale condominium listings last week we witnessed a 14.4% spike in available units. The number of sales remained unchanged from the previous week (216) and the percentage of units sold at or above the list price was a very healthy 23.1%. The hot spot of the week was the $400k-$700k segment in the east core where over half the units sold at or above the list price. Overall, sales are up 13.1% more than a year ago.

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Have you heard?  Danforth Village is going to be totally revitalized with the new condos.  There is already Carmelina Condos just west of Woodbine, all built and soon to be complete.  But this one is called 'On The Danforth', and will be on the south side between Morton and Westlake.  It looks like it will be a great project, and I'm registered with the builder to get all the latest information, floorplans, pricing etc. first!  They have yet to formally launch, but I expect that to happen any day now.

 

So if you want to be kept in the loop of this exciting new development, let me know!

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