Episode 254 of the Toronto Real Estate Musing daily video blog. This is Week 34 of the Beach real estate market for the period of Monday Aug 23 to Sunday August 29, 2010.
We’re in the dog days of summer at end of August and we are seeing normal seasonal trends as can by seen by looking back to 2007 and 2008 with 2009 sales activity clearly a peak year.
We do expect sales to increase in mid-September. Our advice? Patience is the key if you are selling now.
Properties Sold in The Beach, aka TREB district E02
- Freeholds: 1 this week; 4 last week; 11 in same week last year, 4 in same week 2008; 0 in same week 2007
- 0 this week, 0 last week; 2 in same week last year; 0 in same week 2008; 0 in same week 2007
Median Sold Price:
- Freehold: $270,000 this week (only 1 property sold with Avg DOM 23) vs $423,000 last week with Avg DOM 42
- Condo: no sales this week, no sales previous week
Properties For Sale
- Freehold: 92 properties listed down 5% from last week’s 95
- Condos: 19 this week and 19 last week
Median Asking Prices
- Freehold: $599,000 this week vs $599,900 last week
- Condos: $339,900 this week and same last week
Data is obtained from the Toronto Real Estate Board, with analysis performed by O’Neill Real Estate Limited.
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