Monday Market Report | Toronto Real Estate Analysis | November 7-13th, 2022
Here's your week recap of what happened in the Toronto real estate market last week from November 7-13th, 2022.
![Monday Market Report | Toronto Real Estate Analysis | November 7-13th, 2022](/content/images/size/w2000/2022/11/Monday-Market-Report--November-7-13th--2022----Instagram-Post--Square--.jpg)
Here's your week recap of what happened in the Toronto real estate market last week from November 7-13th, 2022.
These stats relate to the City of Toronto
(Lake Ontario -> North York | Scarborough -> Etobicoke)
Average Condo Prices
1-Bed = $608,226
![](https://ryliecook.ghost.io/content/images/2022/11/Market-Monday---Nov-14--2022---1-Bed-Condo-Stats.png)
- 19 condos sold
- Average % of list price = 99%
- Average DOM = 28
1-Bed + Den = $624,455
![](https://ryliecook.ghost.io/content/images/2022/11/Market-Monday---Nov-14--2022---1-Bed-den-Condo-Stats.png)
- 34 condos sold
- Average % of list price = 98%
- Average DOM = 28
2-Bed = $897,022
![](https://ryliecook.ghost.io/content/images/2022/11/Market-Monday---Nov-14--2022---2-Bed-Condo-Stats.png)
- 45 condos sold
- Average % of list price = 98%
- Average DOM = 37
3-Bed = $1,492,978
![](https://ryliecook.ghost.io/content/images/2022/11/Market-Monday---Nov-14--2022---3-Bed-Condo-Stats.png)
- 14 condos sold
- Average % of list price = 99%
- Average DOM = 21
Average House Prices
2-Bed = $1,067,385
![](https://ryliecook.ghost.io/content/images/2022/11/Market-Monday---Nov-14--2022---2-Bed-House-Stats.png)
- 13 homes sold
- Average % of list price = 102%
- Average DOM = 28
3-Bed = $1,258,848
![](https://ryliecook.ghost.io/content/images/2022/11/Market-Monday---Nov-14--2022---3-Bed-House-Stats.png)
- 71 homes sold
- Average % of list price = 102%
- Average DOM = 16
4-Bed = $1,674,759
![](https://ryliecook.ghost.io/content/images/2022/11/Market-Monday---Nov-14--2022---4-Bed-House-Stats.png)
- 29 homes sold
- Average % of list price = 99%
- Average DOM = 19
Most Affordable
Condo = $260,000
2-bed condo @ Caledonia & Lawrence
House = $600,000
2-bed detached @ Dufferin & Eglinton
Most Expensive
Condo = $4,900,000
3-bed + 1 condo townhouse @ Yonge & Rosedale
House = $5,925,000
5-bed detached @ Forest Hill
Market Observations
After the recent interest rate hike from the BOC, we have had another adjustment period that many buyers seem to be coming out right now
- More offers
- Less days on market
- Less negotiation (for houses ~ still some w condos)
If a property doesn't sell, likely it gets put up for rent (unless the seller is motivated)
- Rental market continues to be hyper-competitive with very little inventory & surging pricing
Have any questions about the the Toronto real estate market?
Let me know in the comments below or message me on Instagram @TorontoRealEstate.ca !
Rylie C.