Despite the winter-like temperatures that have lingered far too long into the year, the spring season has officially arrived, bringing forth a thriving Spring Real Estate Market! Although sales volumes remain below the usual spring levels, the market is fully active and strong, benefiting buyers and sellers alike.
While detached home sales continue to be strong, current market statistics are showing that the downtown Toronto condominium market is on fire and continues to outperform the entire GTA housing sector. The average sale price for condominiums is approaching 650K with 1,608 units sold in April.
Supply remains to be an issue within our city, as the annual growth rate for new listings is much lower than that reported for sales. This trend causes market conditions to tighten and prices to spike, greatly benefiting sellers across the city. Our team has had much success favouring these conditions and securing record prices for our seller clients…and we can do the same for you! If you’ve been thinking about listing your property, now’s the time to act.
For over 35 years, we’ve been selling homes throughout Toronto’s finest neighbourhoods. Our clients trust us to minimize risk, offer unbiased opinions and ensure sales at the highest possible price. We are constantly and carefully analyzing the activity of Toronto’s real estate market, recognizing these changing conditions and adapting our strategies accordingly.
If you’re buying or selling, you can trust our knowledge and experience to get you the best possible results. Contact us to learn more about our services or arrange a personal consultation by emailing us at firstname.lastname@example.org or calling us at 416-441-2888 ext. 772.