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Featured, Toronto West Market Report, Toronto West, 2021

January 2021 // Toronto West Real Estate Market Report

December 16, 2020

 

 

 

 

New Street January  2021 Toronto West Real Estate Market Report //

 

 

Price//

  • The average price of a home in the Toronto West area was $852,389 in January 2021.
  • This figure was up by 2% from Dec. 2020. 
  • The average price increased from last year by approx. 5% ( Jan. 2020).
  • Detached and Semis saw the largest price increase from last year by 18% and 14% respectively.  

 

 

 

Sales Activity//

  • With 650 sales, volume increased from last year Jan. 2020 by 46%. 
  • Sales activity was up from last month by approx. 3%.
  • Condos and Semis saw the largest upswing in activity by 63% and 53% respectively. 

 

 

 

Market//

  • There is currently 1.6 months of supply in the Toronto West area with Detached and Townhomes seeing the lowest amount of inventory.
  • Homes are selling for over asking at 101% of the listing price in Toronto West.

 

 

 

 

Analysis//

  • Prices of Detached homes saw the highest price increase of 18% from last year Jan. 2020 and sales overall were up by approx 46%.
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Robert Jendrzejczak // NS Admin

As the Founder of New Street, Robert is passionate about optimizing the customer experience. He is a stickler for real-world business results. Rob has developed deep insights into the market and an insider perspective of what homebuyers are looking for these days. When he’s not helping New Street clients, he’s probably catching a run while purposefully ignoring the stop signs. Follow robertj.ca on Instagram.

All Stories By : Robert Jendrzejczak // NS Admin

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