Episode 236 of the Toronto Real Estate Musing daily video blog.
This is Week 31 of the Beach real estate market for the period of Monday Aug 2 to Sunday August 8, 2010.
It’s true that real estate sales are down throughout Canada, however it’s important to remember that The Beaches neighbourhood is a destination market; our prices are not as impacted as the national average.
Properties Sold
- Freehold: 5 this week, up 66% from 3 previous week and same as a year ago at 5
- Condo: 0 this week, same as last week at 0, but 2 same week last year
Properties For Sale in The Beach, or TREB district E02:
- Freehold: 107 down 5% (113 previous week)
- Condo: 20 up 18% (17 previous week)
For Freeholds the median Days on the Market (DOM) was 25 with a low of 8 days, a high of 66 days, and an average of 36 days.
Median Sold Price
- Freehold: $580,000 this week, $640,000 previous week, and $465,000 last year
- Condo: $0 this week, $0 last week and $511,500 last year
- Freehold: $574,000 this week, and $574,000 previous week
- Condo: $324,900 this week, and $339,900 previous week
Data is obtained from the Toronto Real Estate Board, with analysis performed by O’Neill Real Estate Limited.