New Street May 2019 Etobicoke & Toronto West Real Estate Market Report //
๐ The average price of a home in the Toronto West area was $849,160
๐ This figure was up 3% from the previous month
๐ Up 9% from last year in May 2018
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๐ Sales volume was up by double-digit percentages again from last month by 16%
๐ Up 27% from May 2018
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๐ Toronto West had 1.9 months of supply in May 2019, lower than the GTA average of 2.5 months.
๐ Homes are selling for over asking at 102% of the listing price in Toronto West
Toronto West Home Type Highlights
๐ Prices of detached were slightly down from last year by about 5%
๐ With many new custom builds on old detached lots, semi-detached homes saw a jump of 11% from 2018
๐ Towns saw the highest increase in price up 16% from last year
๐ Condos also did well up 8% on average from last year
๐ Sales were even more telling of market conditions with the sale of detached homes up by 53% from last year
๐ Semis were up 73%
๐ Towns up between 24%-32% depending on ownership type
๐ Condo sales remained still from last year