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.
![Fastest selling areas in Toronto | August 15-21, 2022](/content/images/size/w2000/2022/08/1-5.jpg)
![](https://ryliecook.ghost.io/content/images/2022/08/1-4.jpg)
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
![](https://ryliecook.ghost.io/content/images/2022/08/2-3.jpg)
Of the 150 condos to sell in Toronto during this period, 20 sold under 7 days on market (13.3%).
![](https://ryliecook.ghost.io/content/images/2022/08/Fastest-Selling-Areas-in-Toronto---Condos---Aug-15-21--2022---Stats.png)
Areas with fastest sales
Waterfront Communities: 2 sales | Average DOM = 3
Mt. Pleasant: 2 sales | Average DOM = 5
Houses
![](https://ryliecook.ghost.io/content/images/2022/08/3-2.jpg)
Of the 106 homes to sell in Toronto during this period, 28 sold under 7 days on market (26.4%).
![](https://ryliecook.ghost.io/content/images/2022/08/Fastest-Selling-Areas-in-Toronto---Houses---Aug-15-21--2022---Stats.png)
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.