Where is The Annex, Toronto Housing Market Today? 1st Quarter 2018 Real Estate Sales Report - Penny Brown

Penny Brown

Where is The Annex, Toronto Housing Market Today? 1st Quarter 2018 Real Estate Sales Report

07 June 2018
Penny Brown

Where is The Annex, Toronto Housing Market Today?

1st Quarter 2018 Real Estate Sales Report

 The Annex Toronto Real Estate

    

  1st Quarter

 

2018

 

 

2017

 

Difference      

Sales

 

20

 

 

36

 

- 44%

Average Price

 

$2,133,955            

 

 

$2,070,906               

 

+ 3%

Average Listing Price

 

$2,065,035       

 

 

$1,928,466       

 

+ 7%

% of Final Sales Price to Listing Price               

 

104%                      

 

 

116%

 

- 12%

Days on Market

 

18

 

 

13

 

+ 38%

 The Annex Toronto's housing market saw a decline in sales in the 1st quarter of 2018, down by 44% to 20 housing sales. Sales prices for the 1st quarter increased by 3%, a strong showing based on the housing market throughout the city. The average price comes in at a strong $2,133,955 per property. There is still a very strong demand for the smaller properties as we saw far more townhouses and semi’s being sold, this shows the demand for the area is high but fewer are able to afford the detached homes. Out of the 20 sales 16 were semi’s and townhouses.  It is interesting how prices have still increased with more smaller properties being sold.

Another statistic showing that the market will remain strong is that we are seeing 104% of the final sales price to the listing price. Also, homes are selling within 3 weeks.

The Annex market is in a very good place for both buyers and sellers. We have not seen the slide that many Toronto neighbourhoods have seen except for sales.