Market Update – April 2021

On in So How's the Market in Toronto by

In April, the Toronto real estate market for detached, semi-detached, and now even condos was on fire. But keep in mind when reviewing the year-over-year comparisons that the Toronto market was hit particularly hard by COVID-19 in April 2020.

Central Toronto REALTORS® reported 442 detached home sales through the Toronto MLS® in April 2021, and on average, these detached homes sold for $2,269,400.

Last year, in April 2020, Toronto MLS® reported 99 freehold detached home sales across Toronto, a 346% increase in volume for this year. It was also reported, on average, that freehold detached homes sold for $1,647,922 in April 2020 – and that’s a 38% increase in sale prices for this April.

Concerning semi-detached homes, Central Toronto REALTORS® reported 395 semi-detached home sales in April 2021; and on average, these semi-detached homes sold for $1,477,833 last month.

That compares to 108 semi-detached home sales in April 2020, a 266% increase in volume for this year. It was also reported that, on average, semi-detached homes sold for $1,182,378 in April 2020 – and that’s a 25% increase in sale prices for this April!

Concerning condo sales, Central Toronto REALTORS® reported 1,421 condo sales in April 2021, and on average, these condos sold for $829,491 last month.

In April 2020, there were 271 condo sales – which is a 424% increase in volume for this year. On average, these condos sold for $686,607 – and that’s a 21% increase in sale prices for this April.

 

 

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