In October 2011, 9 homes sold in York Mills, at an average price of $1,795,867. On average these properties took 29 days to sell and sold at 103% of their listing price. A total of $16,162,800 worth of real estate changed hands on the MLS system in October.
All signs point to a seller’s market in York Mills. Average selling price is up 17% over this same time last year and homes are selling at 103% of their asking price. Now is a good time to sell in York Mills.
These numbers support the anecdotal evidence from our salespeople that York Mills still faces a lack of supply, not demand. When submitting offers on York Mills 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 York Mills 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 York Mills e in October 2011 click here: York Mills Real Estate Market Report October 2011 Donwload.