Fastest selling areas in Toronto | August 15-21, 2022

Here's your quick summary of the areas to sell the fastest in Toronto from August 15-21, 2022.

There was a fairly large reduction in house sales vs. last week (152 vs. 106 ~ 30% decrease) & properties took slightly longer to sell on average.

Houses saw less negotiation from original price as % difference rose from 98 to 99% (meaning the home is selling closer to the asking price), however homes are taking slightly longer to sell.

Condos experienced a similar slowdown in sales on a week-over-week basis dropping from 198 sales last week to 150 this week (24% decrease).

Less negotiation was also seen in the condo sector having the same percentage change as the housing market (98% to 99%).

Condos were selling faster on average vs. last week but still slower than the housing market.

Condos

Of the 150 condos to sell in Toronto during this period, 20 sold under 7 days on market (13.3%).

Areas with fastest sales
Waterfront Communities: 2 sales | Average DOM = 3
Mt. Pleasant: 2 sales | Average DOM = 5

Houses

Of the 106 homes to sell in Toronto during this period, 28 sold under 7 days on market (26.4%).

Areas with fastest sales
Lawrence Park: 2 sales | Average DOM = 0
Clairlea-Birchmount: 2 sales | Average DOM = 2.5

Be sure to check back next week for the latest stats!

Have any questions about buying or selling in today's market?

Feel free to message me on Instagram @TorontoRealEstate.ca !

Rylie C.