Toronto Beaches real estate market update, August 8, 2010

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
Median Asking Price
  • 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.

Related posts:

  1. Toronto Beaches real estate market update, August 1, 2010
  2. Toronto Beaches real estate market update – August 15, 2010
  3. Toronto Beaches real estate market update, August 22, 2010
  4. Toronto Beaches real estate market update, August 29, 2010
  5. Toronto Beaches real estate market update – July 25, 2010

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