Week 7- Last week before Back To School

Hello everyone,

Welcome to Week Seven of our Team Compton weekly update.

As summer draws to a close, we’ll keep this brief. Back-to-school time is upon us – a mix of excitement and fresh beginnings.

Let’s dive into the market briefly before we cover specific areas: Downtown surroundings, Don Mills, Leaside, Mount Pleasant, Young and Eglinton, Davis, and now Durham – Pickering, Ajax, and Whitby.

A recent headlines about prices dipping dramatically might be concerning to those looking to sell, but it’s part of the broader picture. The Bank of Canada is making moves to stabilize the economy, and these adjustments are expected. While not easy, they’re necessary.

Marketwise, we’ve likely hit the peak in May. Prices may fluctuate, but remember, it’s a long-term game. If Bank of Canada’s brings positive news in the coming months, next year, might trigger another surge.

Downtown surroundings areas saw prices dip, with active listings flat. Condo market saw fewer sales, with active listings down, but terminations are also pretty high.

Don Mills showed lower prices, some increase in active listings, and months of inventory rising slightly.

Leaside saw prices rise, active listings decline, and months of inventory dipped.

Our new Durham addition showcased prices above $900K, active listings up, and sales down.

An interesting number that also caught our eyes is, about 25% of listings are likely to sell each month while we are in this current market envoirnment. Pricing and presentation are key.

If you have queries about specific areas or home types, we’re here to help. We’re committed to improving these updates and value your support.

Stay tuned and subscribe. Thanks a lot, and have a fantastic day!

WB- Week Before

Downtown & Surrounding areas 

Housing Average Price-$ 1,292,328    WB – 1,556,764

Active Listings – 484      WB-486

Sold firm –19      WB- 26

Month on inventory – 2.11         WB- 2.05

Average Days on Market-11       WB-15

 

Condo Ave Price-$ 750,247     WB- $831,047

Active listings-2,204     WB- 2,260

Sold firm-63     WB –72

Months of Inventory- 4.16    WB – 4.26

Average days on market-25         WB-24

Don Mills Area-  

Housing Average Price- $1,458,000    WB – 2,124,384

Active Listings – 50    WB- 48

Sold firm – 1      WB – 6

Month of Inventory – 2.66     WB- 2.56

Average Days on Market- 8      WB- 4

 

Condo Ave Price- $ 595,417     WB – $687,500

Active listings- 74      WB – 78

Sold firm- 6     WB – 2

Months of Inventory – 2.82    WB- 2.97

Average days on market- 47      WB – 16

Leaside, Davisville, Mount Pleasant, Young & Eg 

Housing Average Price- $2,006,000      WB – $1,562,000

Active Listings – 110     WB-120

Sold firm – 7       WB- 5

Months of Inventory- 2.24           WB- 2.44

Average Days on Market- 10   WB – 11

 

Condo Ave Price- $ 613,583      WB- $597,800

Active listings-268    WB-271

Sold firm-9       WB-10

Month of Inventory- 3.57     WB- 3.61

Average days on market- 22       WB – 23

Durham ( Pickering, Ajax, Whitby) 

Housing Average Price- $939,635    WB – $978,060

Active Listings – 1381    WB- 1021

Sold firm – 128      WB – 179

Month of Inventory – 2.18     WB- 1.61

Average Days on Market- 16      WB- 15

 

Condo Ave Price- $ 605,592     WB – $662,628

Active listings- 254      WB – 178

Sold firm- 14     WB – 18

Months of Inventory – 2.38    WB- 1.6

Average days on market- 26      WB – 17

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