In October 2011, 1310 properties sold in Central Toronto, at an average price of $774,441. On average these properties took 21 days to sell and sold at 100% of their listing price. A total of $40,657,770 worth of real estate changed hands on the MLS system in October.
The signs point to the fact that it is a strong Fall market in Central Toronto. There were 10% more homes sold this year vs. last, average selling price is up 5% over this same time last year, homes are selling at 100% of their asking price, and they are taking 3 fewer days to sell. Now is a great time to sell in Central Toronto.
Provided below are some overview charts of the market activity in Central Toronto since Dec 2009. If you would like to download a report that outlines all of the details of the homes that sold in Central Toronto in October 2011 click here: Central Toronto Real Estate Market Report October 2011 Donwload.