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%.