Week 24 – Year of Resilience

Hello, everyone!

I hope this message finds you well. Week 24 marks the final update of the year, slightly delayed due to the holiday season. I trust you had a wonderful Christmas celebration, filled with joy and surrounded by loved ones.

🎉 **Year-End Reflections:**

As we approach the conclusion of 2023, I want to express my gratitude to each one of you for being a part of the journey over the past 24 weeks. Your support has been invaluable, and I look forward to continuing this dialogue in the upcoming year. If you find our updates valuable, consider liking, subscribing, and sharing on our YouTube page. Your support helps us reach a wider audience and stay ahead of the news curve.

📈 **Market Insights:**

Let’s dive into the numbers, focusing on the downtown surrounding areas: Don Mills, Leaside, Young and Eglinton, and the Durham area. Despite the holiday season, the market is still active, but there’s a noticeable decrease in inventory.

🌆 **Downtown Area Highlights:**

– Listings have decreased, but sales remain sturdy.

– Condo sales firmed up more last week, indicating continued activity.

– Overall, we observe less inventory but robust sales.

🏘️ **Durham Area Dynamics:**

– An impressive 20 more sales in Durham compared to the previous week.

– A significant decline in active listings, contributing to a decrease in months of inventory.

– Over the last four weeks, a noteworthy 30-50% reduction in active listings, shaping a unique market landscape.

🏠 **Market Opportunities:**

With the decline in active listings, there’s an opportunity for buyers to explore existing properties. Some deals may be waiting for those who act swiftly, given the limited new listings in the coming weeks.

🎉 **Wishing You a Happy New Year:**

Before we part ways for the year, I want to extend my best wishes for a fantastic New Year. I appreciate your attention and understanding, even with a brief interruption from my lovely sidekick!

🎊 **Looking Forward:**

Thank you for your continued support. I’ll be back in the New Year with more updates. Until then, have a wonderful celebration, stay safe, and here’s to a prosperous 2024!

Best regards

                                                                                             WB- Week Before

Downtown & Surrounding areas

Housing Average Price-$ 1,494,909    WB – 1,782,988

Active Listings – 379      WB-462

Sold firm –22      WB- 32

Month on inventory – 1.63         WB- 1.98

Average Days on Market-27      WB-34

Condo Ave Price-$848,058     WB- $811,518

Active listings-1970     WB- 2195

Sold firm-50     WB –42

Months of Inventory- 3.75    WB – 4.17

Average days on market-42        WB-37

Don Mills Area-  

Housing Average Price- $1,162,500    WB – 1,032,933

Active Listings – 51    WB- 62

Sold firm –4       WB – 3

Month of Inventory – 2.73     WB- 3.32

Average Days on Market- 31      WB- 17

Condo Ave Price- $610,000     WB – $531,975

Active listings- 71      WB – 74

Sold firm- 1     WB – 4

Months of Inventory – 2.75    WB- 2.87

Average days on market- 60      WB – 39

Leaside, Davisville, Mount Pleasant, Young & Eg 

Housing Average Price- $1,945,220     WB – $2,234,667

Active Listings – 83     WB-106

Sold firm – 5      WB- 9

Months of Inventory- 1.73        WB- 2.21

Average Days on Market- 50    WB – 31

Condo Ave Price- $686,100      WB- $692,380

Active listings-249    WB-282

Sold firm-10       WB-5

Month of Inventory- 3.27     WB- 3.70

Average days on market- 37       WB – 31

Durham ( Pickering, Ajax, Whitby) 

Housing Average Price- $908,964    WB – $948,927

Active Listings – 1,098    WB- 1,282

Sold firm – 93    WB – 73

Month of Inventory – 1.75     WB- 2.04

Average Days on Market- 31      WB- 29

Condo Ave Price- $585,721     WB – $592,231

Active listings- 207      WB – 249

Sold firm- 14     WB – 13

Months of Inventory – 1.91    WB- 2.30

Average days on market- 33      WB – 22

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