In October 2011, 74 homes sold in South Etobicoke, at an average price of $564,985. On average these properties took 18 days to sell and sold at 100% of their listing price. A total of $41,808,886 worth of real estate changed hands on the MLS system in October.
The signs point to a very strong Fall market in South Etobicoke. Homes are selling at asking, they are taking substantially fewer days to sell this year vs. last and prices have increased over 6% as compared to last year. Now is a great time to sell in South Etobicoke.
These numbers support the anecdotal evidence from our salespeople that South Etobicoke still faces a lack of supply, not demand. When submitting offers on South Etobicoke properties, buyers have been facing multiple offer scenarios left, right, and centre. There are just not enough properties available.
Provided below are some overview charts of the market activity in South Etobicoke since Dec 2009. If you would like to download a report that outlines all of the details (including sold price) of the homes that sold in South Etobicoke in October 2011 click here: South Etobicoke Real Estate Market Report October 2011 Donwload.