Toronto East Market Watch June 2021
Saturday Jul 10th, 2021Share
Let’s talk about the Sales in Toronto East which is part of the City of Toronto. In June we had 1,003 Sales with the Average Price of $983,960. The sales dropped 9.9% and the price down by 3.5% monthly. The day on the market is 11 days.
If you look at the graph, the average price and the sales have dropped 3.3% and 21% respectively since March this year. One of the reasons why the price did not drop at the same pace as the sales volume is we don’t have enough homes for sale when there is a high demand of homes by the buyers.
If you look at the chart showing the Types and Sale Ratio, 41% of sales is in Detached, 16% in Semi, 5% in Freehold Townhouse and 38% in Condo Apartment and Condo Townhouse.
There is no change in price in Detached homes last month, the average price was $1,259,276. The monthly sales came down by 16% and 411 detached homes sold.
For Semi-Detached, we have 161 homes sold and have no change in sales volume compared to last month. The average price is $1,163,135 and down 5.9%.
For Townhouse, the sales by 34% monthly because the new listings dropped 25% in June. There were only 47 townhouse sold and the average price was $999,109.
Condo apartments in Toronto East. Last month we had 284 apartments units sold in June with 10.5% increase monthly and the price slightly dropped by 0.5% with the average price $572,177.
On the other hand, the sales in Condo Townhouse had a drop of 19.5% because of the shortage of new listings. The average price was $721,641 and had no change compared to last month.