Team Compton Market Recap Week 37 – Spring market in the air.

Hey everyone!

🔍 **Market Insights:** Over the past week, we’ve been knee-deep in the action with our clients, navigating the ins and outs of buying and selling across the city. From prime pockets to not-so-hot zones, we’ve got the lowdown! 💡

🌆 **Weekly Areas:** We’re zooming into key areas like downtown and its surroundings, Don Mills, Leaside, Mount Pleasant, Young & Eglinton, and the Durham regions. While we won’t bore you with all the details, let’s say things are holding steady on the active listings and sales fronts, see numbers below 📊

🏡 **East End Excitement:** Particularly in the east end, we’re witnessing a flurry of multiple offer situations, especially for semis and smaller detached homes in the $700K to $1M range. 🏠💥 Offers are flying, with some properties seeing as many as 27 bids! 😱

🏙️ **Downtown Condo Buzz:** Meanwhile, downtown condos are making a comeback, with over 300 new listings hitting the market in the past couple of weeks. Investors, take note – there’s ample opportunity to snag a deal! 💰

🛣️ **Don Mills Dynamics:** In the Do Mills area, we’re seeing a similar story, with multiple offers popping up and homes moving swiftly, especially those with sought-after amenities.. 🚇

🏞️ **Durham Delights:** Venture a bit further out to the Durham regions, and you’ll find more affordable options and a bit more elbow room. Listings are picking up, presenting prime opportunities for savvy buyers! 🌳

💼 **Spring Market Outlook:** As we head into the spring season, we’re anticipating even more action on the horizon. With whispers of potential rate cuts from the Bank of Canada, there’s a sense of optimism in the air! ☀️

📈 **Mortgage Matters:** Speaking of rate cuts, if you’re considering refinancing or weighing fixed vs. variable options, now’s the time to chat with your mortgage broker. They’ll help steer you in the right direction based on your individual needs and circumstances. 📉💼

📅 **Get in Touch:** Have questions about your specific area or home type? Don’t hesitate to reach out! You can schedule a meeting with us via the link in our YouTube video description below. We’re here to help! 🤝

That’s all for now, folks! Thanks for tuning in, and remember to hit that like, share, and subscribe button for more real estate updates! 🎬✨

                                                                                       WB- Week Before

Downtown & Surrounding areas 

Housing Average Price-$ 1,523,633   WB – 1,468,082

Active Listings – 480       WB-476

Sold firm –61      WB- 50

Month on inventory –  2.03        WB- 2.01

Average Days on Market-12      WB-13

Condo Ave Price-$790,525     WB- $873,006

Active listings-2381       WB- 2326

Sold firm-94     WB –103

Months of Inventory-4.39     WB – 4.29

Average days on market-29        WB-29

Don Mills Area-

Housing Average Price- $1,885,000   WB – $1,861,089

Active Listings – 53    WB- 53

Sold firm –6       WB –10

Month of Inventory – 2.70     WB- 2.70

Average Days on Market- 13       WB- 15

Condo Ave Price- $683,000     WB – $942,000

Active listings- 85      WB – 90

Sold firm- 6     WB – 5

Months of Inventory – 3.15    WB- 3.33

Average days on market- 21      WB – 10

Leaside, Davisville, Mount Pleasant, Young & Eg 

Housing Average Price- $2,439,252     WB – $2,247,500

Active Listings – 99     WB-90

Sold firm – 8     WB- 7

Months of Inventory- 2.08        WB- 1.89

Average Days on Market- 16      WB – 17

Condo Ave Price- $706,985      WB- $737,173

Active listings- 298     WB-300

Sold firm-13      WB-15

Month of Inventory-3.76      WB- 3.78

Average days on market- 16       WB – 30

Durham ( Pickering, Ajax, Whitby) 

Housing Average Price- $970,743    WB – $995,514

Active Listings – 1173    WB- 1097

Sold firm – 165    WB – 162

Month of Inventory –1.79      WB- 1.67

Average Days on Market- 15      WB- 12

Condo Ave Price- $661,038     WB – $650,924

Active listings- 241      WB – 232

Sold firm-39     WB –21

Months of Inventory –2.18     WB- 2.10

Average days on market-20       WB – 20

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