How’s the market these days?

And without missing a beat, the typical realtor will answer, “the market is really heating up, it’s a fantastic time to sell….oh, and to buy also, rates might be going  up!  BETTER DO IT NOW BEFORE IT’S TOO LATE!”  This time it might be true….it’s all hot, hot,. hot, just like the Olympic torch….here’s what happened from February 1 to March 1:

E1 (Leslieville, Riverdale south of Danforth) had 65 home sales, up from 44 the same time last year.  The average house sale was listed at $449,900 and sold at $470,00 which is 107% of asking.

E2 (Beaches, Upper Beaches) had 67 home sales, up from 35 same time last year.  The average house sale was listed at $549,000 and sold at $575,000 which is 104% of asking,

E3 (Riverdale north of Danforth and East York) had 78 homes sales, up from 72 same time last year.  The average house sale was listed at $429,450 and sold at 448,800 which is 105% of asking.

And!  During the gold medal hockey game on February 28, 6 houses were sold in these neighbourhoods whcih is higher than the average Sunday sale.  So yes, I’d say the market is hot and probably getting hotter….if you want more information, email me at kgp@rogers.com