Episode 248 of the Toronto Real Estate Musing daily video blog. This is Week 33 of the Beach real estate market for the period of Monday Aug 16 to Sunday August 22, 2010.
We are continuing to see the slow summer market trend as we saw in the last 2 weeks. This trend is seasonal and matches that of 2008 and 2007. 2009 was a peak year and is the exception. It is also taking longer to sell home, however prices remain strong.
Properties Sold in The Beach, aka TREB district E02
- Freeholds: 4 (up 300%) vs. 1 last week, 10 last year, 0 same week 2008, 0 same week 2007
- Condos: 0 vs 0 last week, 1 last year, 0 same week 2008, 0 same week 2007
Median Sold Price:
- Freehold: $423,000 (Avg DOM:42) vs. $361,000 last week and $475,000 last year (Avg DOM: 30)
- Condo: no sales this week, no sales previous week and $308,000 last year (Avg DOM:5) same week
Properties For Sale
- Freehold: 95 properties listed down 4% from last week’s 99
- Condos: 19 up 6% from last week’s 18
Median Asking Prices
- Freehold: $599,900 vs last week $599,000
- Condos: $339,900 vs last week $319,700
Data is obtained from the Toronto Real Estate Board, with analysis performed by O’Neill Real Estate Limited.
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