In October 2011, 9 homes sold in Lytton Park, at an average price of $1,731,020. On average these properties took 10 days to sell and sold at 101% of their listing price. A total of $15,579,180 worth of real estate changed hands on the MLS system in October.
All signs point to a very strong fall market in Lytton Park. Average selling price is up 32% over this same time last year, homes are selling at 101% of their asking price, and are taking 12 fewer days to sell as compared to last year.
These numbers support the anecdotal evidence from our salespeople that Lytton Park still faces a lack of supply, not demand. When submitting offers on Lytton Park properties, buyers have been facing multiple offer scenarios. There are just not enough properties available.
Provided below are some overview charts of the market activity in Lytton Park 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 Lytton Park in October 2011 click here: Lytton Park Real Estate Market Report October 2011 Donwload.