Ralph Richardson
Sales Representative
midtownhomes@gmail.com

Right At Home Realty Inc
Brokerage

Office: 416-391-3232

Direct: 416-523-6447

 

 

 

More Sales, More Buyers!

Merton Street Condos & Townhomes

 

Sales Activity Increased Significantly in March

 

 

 

March was a strong month for both sales and selling prices across all segments of the market. Buyer demand continues to push numbers higher, even as inventory remains tight.

 

In the midtown C10 area there were 60 condo sales in March, a large increase when compared to the 33 units that were sold in the same month last year. Demand for condos in the midtown area clearly remains strong, despite the changes in year-over-year market conditions, which have driven a rise in sales prices anywhere from 10% to 20% in some cases.

 

The supply of resale condos in the midtown area has gotten substantially tighter with 33 units for sale at the beginning of March, as compared with 74 units that were on the market in March 2016.

 

The number of days on market for units sold in March ranged from 1 day to 63 days. Midtown condo selling prices varied widely in an even higher bracket than any other month so far this year, with selling prices ranging from 97% to 142% of asking price. Selling prices came in at a far more sober 95% to 110% during the same time last year.

 

At 68 Merton Street, there were no sales in March, compared to 4 units sold in February. There is 1 unit currently for sale at this brand new building located at Yonge & Merton Streets.

 
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