Downtown Toronto Real Estate Statistics

Downtown Toronto Real Estate Price Trend
Downtown Toronto real estate average sold price in the last 30 days (August 16 - September 14) was $834,063, which is $4,896 (0.6%) higher than the average price of $829,167 in the previous 30 day period (July 17 - August 15), and $24,118 (2.9%) down from the same period 1 year ago ($858,181). Downtown Toronto real estate prices over the last 30 days are also $26,124 (3.1%) lower than the average selling price of $860,187 over the past year.
Downtown Toronto average sold price for homes was $2,395,083 in the last 30 days (August 16 - September 14), which is $102,624 (4.3%) down from the average home price of $2,497,707 in the previous 30 day period (July 17 - August 15), and $1,907 (0.1%) higher than the same period 1 year ago ($2,393,176). In the last 30 days Downtown Toronto the average home price was $243,614 (10.2%) higher than the average selling price of $2,151,469 over the last 12 months.
Average Downtown Toronto condo sold price over the last 30 days (August 16 - September 14) was $741,064. During this period it was $22,251 (3.0%) up from the average price of condo of $718,813 during the previous 30 days (July 17 - August 15), and $30,814 (4.2%) lower compared to the same period 1 year ago ($771,878). In the last 30 days Downtown Toronto the average condo price was $765 (0.1%) lower than the average selling price of $741,829 over the last year.
Average sold price of Downtown Toronto townhouse was $1,077,382 in the last 30 days (August 16 - September 14), down $24,546 (2.3%) from the average townhome price of $1,101,928 over the previous 30 days (July 17 - August 15), and $119,591 (11.1%) higher than during to the same period 1 year ago ($957,791). Over the last 30 days the average townhouse price in Downtown Toronto was $72,861 (6.8%) lower compared to the average selling price of $1,150,243 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Downtown Toronto real estate was $834,063 in the last 30 days (August 16 - September 14), which is collectively $22,993 (2.6%) lower than the average asking price of $887,451. This represents an increase of $150 (0.6%) compared to $23,143 (2.9%) Sold-Under-Asking price from the previous 30 day period (July 17 - August 15).
The maximum Sold Over/Under Asking ratio in Downtown Toronto during the last 12 months was recorded in April, 2024 with an average of $2,611 over the asking price, while the minimum occurring in August, 2024 with $28,778 below the asking price.
Sales to New Listings Ratio
Sales to New Listings Ratio (SNLR) represents the number of sales in relation to new inventory listed over a period of time. SNLR for all property types in Downtown Toronto was 30.8% with 378 properties sold and 1,083 new properties listed in the past 30 days (August 16 - September 14). This represents a decrease from 34.3% recorded during the previous 30 day period (July 17 - August 15), and an increase from 28.0% compared to the same period one year ago.
Over the the last year the highest SNLR in Downtown Toronto was 71.1% recorded in December and the lowest was in September at 23.6%. SNLR of under 40% generally represents the Buyers' Market, while 60% and above - the Sellers' Market, with 40% to 60% range signaling a balanced market.
Average Days on Market when Sold vs Delisted
The Average Days on the Market (DOM) for 378 properties that were successfully sold in Downtown Toronto in the last 30 days (August 16 - September 14) was 33 days, which is 8 days more than 25 days average in the previous 30 day period (July 17 - August 15) and 12 days longer than during the same period a year ago (21 days).
There were 1,095 delisted properties in Downtown Toronto, those that got either Expired, Suspended or Terminated over the last 30 days (August 16 - September 14) with an average of 64 days on the market. This is 10 days longer than the average of 54 days during the previous 30 day period (July 17 - August 15) and 11 days more compared to the same period last year average of 53 days on the market.
1,095 Downtown Toronto properties that didn't sell stayed on the market 93.9% longer than 378 that sucessfully sold over the last 30 days - 33 days when sold vs 64 days when delisted respectively.
Average Days on the Market in Downtown Toronto over the past 12 months for properties that have sold was 25.3 days, with 57.7 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
1,229 new properties were listed on the market in Downtown Toronto in the last 30 days (August 16 - September 14). During the same time 378 properties were sold and 1,095 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 244 properties (or 19.9%).
During the previous 30 day period (July 17 - August 15) there were 1,083 new properties listed, 371 sold and 1,214 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was May with 1,683 new properties listed, the slowest - December with 367 new listings and a yearly average of 1,174 new listings per month.
New Real Estate Listings by Property Type
There were a total of 53 homes listed during the last 30 days (August 16 - September 14), which is 4.3% of all properties listed in Downtown Toronto. This is a 130.4% increase compared with a previous 30 day period (July 17 - August 15) and 5.4% down from the same period a year ago. Over the past year an average of 57 homes are were listed per month.
1,136 condo units were listed in the last 30 days (August 16 - September 14) in Downtown Toronto, which represents 92.4% of all new listings. This is up 11.8% from the prior 30 day period (July 17 - August 15) and 4.8% less compared to the same period last year. There were 1,071 condos listed per month on average during the last 12 months.
40 townhomes were listed over the last 30 days (August 16 - September 14) in Downtown Toronto, which is 3.3% of all new real estate inventory. This is a 9.1% less than during the previous 30 day period (July 17 - August 15) and 18.4% decrease compared to the same period a year ago. During the last year the average number of townhomes listed stood at 46 a month.
Real Estate Sales by Property Type
There were a total of 18 homes sold during the last 30 days (August 16 - September 14), which is 4.8% of all properties sold in Downtown Toronto. This is a 10.0% decline compared with a previous 30 day period (July 17 - August 15) and 0.0% down from the same period a year ago. Over the past year an average of 28 homes are were sold per month.
344 condo units were sold in the last 30 days (August 16 - September 14) in Downtown Toronto, which represents 91.0% of all sold properties. This is up 2.1% from the prior 30 day period (July 17 - August 15) and 3.0% more compared to the same period last year. There were 345 condos sold per month on average during the last 12 months.
16 townhomes were sold over the last 30 days (August 16 - September 14) in Downtown Toronto, which is 4.2% of all sold real estate. This is a 14.3% more than during the previous 30 day period (July 17 - August 15) and 33.3% increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 18 a month.
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