Downtown Toronto Real Estate Statistics

Downtown Toronto Real Estate Price Trend
Downtown Toronto real estate average sold price in the last 30 days (December 18 - January 16) was $806,779, which is $353 (0.0%) lower than the average price of $807,132 in the previous 30 day period (November 18 - December 17), and $61,116 (7.6%) up from the same period 1 year ago ($745,663). Downtown Toronto real estate prices over the last 30 days are also $48,133 (6.0%) lower than the average selling price of $854,912 over the past year.
Downtown Toronto average sold price for homes was $2,349,999 in the last 30 days (December 18 - January 16), which is $529,611 (22.5%) up from the average home price of $1,820,388 in the previous 30 day period (November 18 - December 17), and $855,013 (36.4%) higher than the same period 1 year ago ($1,494,986). In the last 30 days Downtown Toronto the average home price was $83,596 (3.6%) higher than the average selling price of $2,266,403 over the last 12 months.
Average Downtown Toronto condo sold price over the last 30 days (December 18 - January 16) was $715,222. During this period it was $39,957 (5.6%) up from the average price of condo of $675,265 during the previous 30 days (November 18 - December 17), and $1,394 (0.2%) lower compared to the same period 1 year ago ($716,616). In the last 30 days Downtown Toronto the average condo price was $14,500 (2.0%) lower than the average selling price of $729,722 over the last year.
Average sold price of Downtown Toronto townhouse was $1,205,000 in the last 30 days (December 18 - January 16), up $26,137 (2.2%) from the average townhome price of $1,178,863 over the previous 30 days (November 18 - December 17), and $382,000 (31.7%) higher than during to the same period 1 year ago ($823,000). Over the last 30 days the average townhouse price in Downtown Toronto was $76,899 (6.4%) higher compared to the average selling price of $1,128,101 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Downtown Toronto real estate was $806,779 in the last 30 days (December 18 - January 16), which is collectively $28,160 (3.3%) lower than the average asking price of $842,864. This represents a decline of $13,023 (86.0%) compared to $15,137 (1.8%) Sold-Under-Asking price from the previous 30 day period (November 18 - December 17).
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 28.5% with 216 properties sold and 736 new properties listed in the past 30 days (December 18 - January 16). This represents a decrease from 52.9% recorded during the previous 30 day period (November 18 - December 17), and a decrease from 51.5% compared to the same period one year ago.
Over the the last year the highest SNLR in Downtown Toronto was 59.4% recorded in December and the lowest was in September at 24.0%. 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 216 properties that were successfully sold in Downtown Toronto in the last 30 days (December 18 - January 16) was 46 days, which is 13 days more than 33 days average in the previous 30 day period (November 18 - December 17) and 4 days longer than during the same period a year ago (42 days).
There were 821 delisted properties in Downtown Toronto, those that got either Expired, Suspended or Terminated over the last 30 days (December 18 - January 16) with an average of 81 days on the market. This is 15 days longer than the average of 66 days during the previous 30 day period (November 18 - December 17) and 8 days less compared to the same period last year average of 89 days on the market.
821 Downtown Toronto properties that didn't sell stayed on the market 76.1% longer than 216 that sucessfully sold over the last 30 days - 46 days when sold vs 81 days when delisted respectively.
Average Days on the Market in Downtown Toronto over the past 12 months for properties that have sold was 28.8 days, with 62.8 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
759 new properties were listed on the market in Downtown Toronto in the last 30 days (December 18 - January 16). During the same time 216 properties were sold and 821 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 278 properties (or 36.6%).
During the previous 30 day period (November 18 - December 17) there were 736 new properties listed, 389 sold and 821 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 480 new listings and a yearly average of 1,178 new listings per month.
New Real Estate Listings by Property Type
There were a total of 26 homes listed during the last 30 days (December 18 - January 16), which is 3.4% of all properties listed in Downtown Toronto. This is a 13.0% increase compared with a previous 30 day period (November 18 - December 17) and 136.4% up from the same period a year ago. Over the past year an average of 54 homes are were listed per month.
707 condo units were listed in the last 30 days (December 18 - January 16) in Downtown Toronto, which represents 93.1% of all new listings. This is up 2.9% from the prior 30 day period (November 18 - December 17) and 51.1% more compared to the same period last year. There were 1,077 condos listed per month on average during the last 12 months.
26 townhomes were listed over the last 30 days (December 18 - January 16) in Downtown Toronto, which is 3.4% of all new real estate inventory. This is a 0.0% less than during the previous 30 day period (November 18 - December 17) and 225.0% increase 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 10 homes sold during the last 30 days (December 18 - January 16), which is 4.6% of all properties sold in Downtown Toronto. This is a 72.2% decline compared with a previous 30 day period (November 18 - December 17) and 25.0% up from the same period a year ago. Over the past year an average of 29 homes are were sold per month.
199 condo units were sold in the last 30 days (December 18 - January 16) in Downtown Toronto, which represents 92.1% of all sold properties. This is down 40.2% from the prior 30 day period (November 18 - December 17) and 14.6% less compared to the same period last year. There were 363 condos sold per month on average during the last 12 months.
7 townhomes were sold over the last 30 days (December 18 - January 16) in Downtown Toronto, which is 3.2% of all sold real estate. This is a 65.0% less than during the previous 30 day period (November 18 - December 17) and 30.0% decrease compared to the same period a year ago. During the last year the average number of townhomes sold stood at 20 a month.
DIALOG CONTENT
Would you like to receive Similar Listing Alerts as soon as they are uploaded to MLS®?
How would you rate our website?
Would you like to rate us on Google?
Yes
1386165496