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North Toronto Midtown Report Q4 2015

 

North Toronto – Midtown is bordered by the Summerhill train tracks to the south; Avenue Road to the West; Eglinton to the north and Bayview to the east. The neighbourhoods in this quadrant include Yonge – St. Clair, Deer Park, Yonge - Eglinton, Davisville Village and Moore Park. The types of homes sold include condominiums as well as detached, semi-detached and town houses.

In the fourth quarter of 2014, the average price of a single family dwelling in North Toronto-Midtown (NTM) was $1,219,486. By Q4 2015, the price had risen to $1,294,177 - a gain of 6%. The sales-to-list-price ratio averaged 104% for both periods, indicating that many sales attracted multiple bids. In both quarters, the average number of days on market was under 2 weeks. 70 NTM properties changed hands in Q4 2014, while only 66 houses were sold in 2015. These figures paint picture of a Seller’s market - more Buyers than Sellers.

In Q4 2015, the average price of a condominium in North Toronto-Midtown had risen from $564,638 to $604,599 - an increase of 7%. The sales-to-list-price ratio stayed constant at 99%, while the days on market count went from 18 to 22. 80 NTM condos were sold in Q4 2014. In Q4 2015 this number dropped to 66 sales. In 2014, 5 condos traded at or above $1 million; in 2015 that number had increased to 7.  

North Toronto – Midtown enjoys leafy neighbourhoods, good schools and access to the Yonge-University subway line. The value of its housing stock will continue to increase steadily over time.

 

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North Toronto highlights

Deer Park highlights

Davisville Village highlights

Moore Park highlights

Rosedale Real Estate Report Q4 2015

Forest Hill Real Estate Report Q4 2015

Lawrence Park Real Estate Report Q4 2015

Rosedale Real Estate Report Q4 2015

North Toronto - Midtown Real Estate Report Q4 2015

Lawrence Park Real Estate Report Q4 2015

- See more at: http://www.peterrussellrealestate.com/forest-hill-toronto-real-estate-report-fourth-quarter-2015#sthash.dd6BimnW.dpuf

Rosedale Real Estate Report Q4 2015

North Toronto - Midtown Real Estate Report Q4 2015

Lawrence Park Real Estate Report Q4 2015

- See more at: http://www.peterrussellrealestate.com/forest-hill-toronto-real-estate-report-fourth-quarter-2015#sthash.dd6BimnW.dpuf

 

 

 

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Peter Russell - Chestnut Park Real Estate Ltd., Brokerage
1300 Yonge Street #100
Toronto, ON, M4T 1X3
(416) 706-3200
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