Downtown Toronto Real Estate Statistics

Downtown Toronto Real Estate Price Trend
Downtown Toronto real estate average sold price in the last 30 days (September 17 - October 16) was $928,356, which is $66,453 (7.2 %) higher than the average price of $861,903 in the previous 30 day period (August 18 - September 16), and $79,211 (8.5 %) up from the same period 1 year ago ($849,145). Downtown Toronto real estate prices over the last 30 days are also $98,953 (10.7 %) higher than the average selling price of $829,403 over the past year.
Downtown Toronto average sold price for homes was $2,558,324 in the last 30 days (September 17 - October 16), which is $49,311 (1.9 %) up from the average home price of $2,509,013 in the previous 30 day period (August 18 - September 16), and $573,235 (22.4 %) higher than the same period 1 year ago ($1,985,089). In the last 30 days Downtown Toronto the average home price was $282,490 (11.0 %) higher than the average selling price of $2,275,834 over the last 12 months.
Average Downtown Toronto condo sold price over the last 30 days (September 17 - October 16) was $763,025. During this period it was $3,158 (0.4 %) down from the average price of condo of $766,183 during the previous 30 days (August 18 - September 16), and $47,480 (6.2 %) higher compared to the same period 1 year ago ($715,545). In the last 30 days Downtown Toronto the average condo price was $40,174 (5.3 %) higher than the average selling price of $722,850 over the last year.
Average sold price of Downtown Toronto townhouse was $1,365,544 in the last 30 days (September 17 - October 16), up $162,944 (11.9 %) from the average townhome price of $1,202,600 over the previous 30 days (August 18 - September 16), and $205,097 (15.0 %) higher than during to the same period 1 year ago ($1,160,447). Over the last 30 days the average townhouse price in Downtown Toronto was $161,860 (11.9 %) higher compared to the average selling price of $1,203,684 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Downtown Toronto real estate was $928,356 in the last 30 days (September 17 - October 16), which is collectively $13,282 (1.5 %) higher than the average asking price of $913,709. This represents an increase of $15,248 (775.6 %) compared to $1,966 (0.2 %) Sold-Under-Asking price from the previous 30 day period (August 18 - September 16).
The maximum Sold Over/Under Asking ratio in Downtown Toronto during the last 12 months was recorded in April, 2021 with an average of $25,259 over the asking price, while the minimum occurring in December, 2020 with $15,152 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 59.8 % with 732 properties sold and 1,003 new properties listed in the past 30 days (September 17 - October 16). This represents a decrease from 59.9 % recorded during the previous 30 day period (August 18 - September 16), and an increase from 27.1 % compared to the same period one year ago.
Over the the last year the highest SNLR in Downtown Toronto was 131.0 % recorded in December and the lowest was in October at 29.4 %. 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 732 properties that were successfully sold in Downtown Toronto in the last 30 days (September 17 - October 16) was 14 days, which is 9 days less than 23 days average in the previous 30 day period (August 18 - September 16) and 0 days longer than during the same period a year ago (14 days).
There were 552 delisted properties in Downtown Toronto, those that got either Expired, Suspended or Terminated over the last 30 days (September 17 - October 16) with an average of 48 days on the market. This is 6 days shorter than the average of 54 days during the previous 30 day period (August 18 - September 16) and 8 days more compared to the same period last year average of 40 days on the market.
552 Downtown Toronto properties that didn't sell stayed on the market 242.9 % longer than 732 that sucessfully sold over the last 30 days - 14 days when sold vs 48 days when delisted respectively.
Average Days on the Market in Downtown Toronto over the past 12 months for properties that have sold was 19.8 days, with 48.2 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
1,225 new properties were listed on the market in Downtown Toronto in the last 30 days (September 17 - October 16). During the same time 732 properties were sold and 552 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 59 properties (or 4.8 %).
During the previous 30 day period (August 18 - September 16) there were 1,003 new properties listed, 601 sold and 476 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was October with 1,848 new properties listed, the slowest - December with 490 new listings and a yearly average of 1,132 new listings per month.
New Real Estate Listings by Property Type
There were a total of 79 homes listed during the last 30 days (September 17 - October 16), which is 6.4 % of all properties listed in Downtown Toronto. This is a 92.7 % increase compared with a previous 30 day period (August 18 - September 16) and 21.0 % down from the same period a year ago. Over the past year an average of 59 homes are were listed per month.
1,074 condo units were listed in the last 30 days (September 17 - October 16) in Downtown Toronto, which represents 87.7 % of all new listings. This is up 16.9 % from the prior 30 day period (August 18 - September 16) and 41.0 % less compared to the same period last year. There were 1,022 condos listed per month on average during the last 12 months.
72 townhomes were listed over the last 30 days (September 17 - October 16) in Downtown Toronto, which is 5.9 % of all new real estate inventory. This is a 67.4 % more than during the previous 30 day period (August 18 - September 16) and 10.8 % increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 52 a month.
Real Estate Sales by Property Type
There were a total of 56 homes sold during the last 30 days (September 17 - October 16), which is 7.7 % of all properties sold in Downtown Toronto. This is a 100.0 % increase compared with a previous 30 day period (August 18 - September 16) and 27.3 % up from the same period a year ago. Over the past year an average of 42 homes are were sold per month.
642 condo units were sold in the last 30 days (September 17 - October 16) in Downtown Toronto, which represents 87.7 % of all sold properties. This is up 16.1 % from the prior 30 day period (August 18 - September 16) and 40.2 % more compared to the same period last year. There were 694 condos sold per month on average during the last 12 months.
34 townhomes were sold over the last 30 days (September 17 - October 16) in Downtown Toronto, which is 4.6 % of all sold real estate. This is a 70.0 % more than during the previous 30 day period (August 18 - September 16) and 5.6 % decrease compared to the same period a year ago. During the last year the average number of townhomes sold stood at 31 a month.
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