118 Merchants' Wharf S 608

118 Merchants' Wharf S 608 is a 2-bedroom 3-bathroom condo listed for sale at $2,580,000, which is $1,761,418 (215.2%) higher than the average sold price of $818,582 in the last 30 days (April 4 - May 3). During the last 30 days the average sold price for a 2 bedroom condo in Downtown Toronto increased by $33,837 (4.3%) compared to the previous 30 day period (March 5 - April 3) and up $4,336 (0.5%) from the same time one year ago.There were 1,630 2-bedroom condos listed in Downtown Toronto over the last 30 days (April 4 - May 3), which is up 34.0% compared with the previous 30 day period (March 5 - April 3) and up 47.8% compared with the same period last year.2-bedroom condos in Downtown Toronto typically sold ($13,620) (1.7%) below asking price over the last 30 days (April 4 - May 3), which represents a $3,217 decrease compared to the previous 30 day period (March 5 - April 3) and ($6,043) less than the same period last year.Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 2-bedroom condos in Downtown Toronto over the last 30 days (April 4 - May 3) stood at 41.3%, down from 53.1% over the previous 30 days (March 5 - April 3) and down from 66.4% one year ago.An average time on the market for a 2-bedroom 3-bathroom condo in Downtown Toronto stood at 25 days when successfully sold over the last 30 days (April 4 - May 3), compared to 52 days before being removed from the market upon being suspended or terminated.