In October 2011, 5 homes sold in North Toronto, at an average price of $1,067,760. On average these properties took 19 days to sell and sold at 100% of their listing price. A total of $5,338,800 worth of real estate changed hands on the MLS system in October.
The signs point to a strong Fall market in North Toronto. Homes are selling on average at asking and they are taking substantially fewer days to sell this year vs. last and price is up 16% over this same time last year. Now is a great time to sell in North Toronto.
These numbers support the anecdotal evidence from our salespeople that North Toronto still faces a lack of supply, not demand. When submitting offers on North Toronto 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 North Toronto 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 North Toronto in October 2011 click here: North Toronto Real Estate Market Report October 2011 Donwload.