Toronto Real Estate News: Realtors at The Weir Team examine 2016 spring real estate market conditions for the Toronto zone of E02
We often hear about how the spring market is the most popular time to sell a house or condo in Toronto, Pickering, Ajax and Whitby.
While it is a popular time to list houses for sale, mainly in order to close the sale to coincide with the end of the school year, it hasn’t made much of an impact on when the best time to sell would be. In fact, many feel the spring market is not so advantageous for real estate sellers because buyers will have so much more to choose from at that time. And since we continue to see a strong seller’s market in Toronto and Durham Region real estate, we’re finding that almost anytime could lead to tremendous selling prices for real estate sellers using the best GTA realtors.
Spring 2016 delivered an unprecedented leap in real estate selling prices.
Let’s take a closer look at selling prices for April and May 2016. Specifically we’ll study the E02 real estate zone in Toronto for freehold homes.
The Weir Team has more and more buyers and sellers hiring Cameron Weir and Scott Hanton. Here are just a few of our recent listings nearby:
If you want any more specific information or want to know more about what your house is currently worth, email info@TheWeirTeam.ca and we’ll be in touch shortly.
Now let’s take a closer look at E02 where Toronto’s best real estate agents work in the neighbourhoods of East End-Danforth, The Beaches and the Woodbine Corridor.
In April and May 2016, 154 properties were sold at an average selling price of $1,107,772. It took an average of 10 days on market to sell.
Houses that with lower selling prices of $350,000 to $600,000 were found on Queen St E, Coxwell Avenue, Dundas St E, Morton Road, Bastedo Avenue, Drayton Avenue, Lyall Avenue, Hannaford Street, Oakcrest Avenue and Victoria Park Avenue.
Houses that sold between $600,000 and $700,000 were found on Woodbine Avenue, Coleman Avenue, Norway Avenue, Balfour Avenue, West Lynn Avenue, Lyall Avenue, Norwood Terrace, Coxwell Avenue, Battenberg Avenue, Woodbine Avenue, Gerrard St E, Gainsborough Road, Devon Road, Darrell Avenue, Hannaford Street and Corley Avenue.
Houses that sold between $700,000 and $800,000 were found on Lawlor Avenue, Kenilworth Avenue, Wildwood Crescent, Silver Birch Avenue, Scarborough Road, Pickering Street, Gerrard St East, Wembley Drive, Aldergrove Avenue, Malvern Avenue, Hanson Street, Gates Avenue, Elmer Avenue, Wayland Avenue, Kingswood Road, Belleville Street, West Lynn Avenue, Gainsborough Road, Norwood Terrace and Glen Morrow Mews.
Houses that sold between $800,000 and $900,000 were found on Norwood Road, Corley Avenue, Woodbine Avenue, East Lynn Avenue, Westlake Avenue, Kenilworth Avenue, Drayton Avenue, Wayland Avenue, Oakcrest Avenue, Kingsmount Road, Lawlor Avenue, Herbert Avenue, Beach View Crescent, Belleville Street, Ladykirk Avenue, Kingsmount Road, Victoria Park Avenue, Kingswood Road, Kingston Road, Silver Birch Avenue, Norway Avenue, Waverley Road, Kellner Court, Bellefair Avenue and Glenmore Road.
Houses that sold between $900,000 and $1,000,000 were found on Crossovers Street, Brookside Drive, Whistle Post Street, Beech Avenue, Wayland Avenue, Elmer Avenue, Cairns Avenue, Bellhaven Road, Beaton Avenue, Rhyl Avenue, Scarborough Road, Lee Avenue, Haslett Avenue and Pickering Street.
Houses that sold between $1,000,000 and 1,400,000 were found on Devon Road, Neville Park Boulevard, Drummondville Lane, Hannaford Street, Balsam Avenue, Battenberg Avenue, Golfview Avenue, Waverley Road, Glen Davis Crescent, Queen Street East, Osborne Avenue, Wheeler Avenue, Silver Birch Avenue, Nursewood Road, Waverley Road, Rainsford Road, Joseph Duggan Road, Spruce Hill Road, Malvern Avenue and Glen Manor Drive.
Houses that sold between $1,400,000 and $2,000,000 were found on Neville Park Boulevard, Long Crescent, Hammersmith Avenue, Courcelette Boulevard, Boardwalk Drive, Kingswood Road, Waverley Road, Leuty Avenue, Wheeler Avenue, Sarah Ashbridge Avenue, Balsam Avenue, Kenilworth Avenue, Willow Avenue and Fallingbrook Crescent.
Compiled by Scott Hanton, Real Estate broker for The Weir Team; proud to be among the best real estate agents in Toronto, Riverdale, Leslieville, East York, Topham Park, Scarborough, Pickering, Ajax, Whitby and throughout Durham Region.
Data from the Toronto Real Estate Board’s MLS system.