Autumn leaves and pumpkins, please! Fall is finally approaching and we can’t wait to embrace these fall-inspired lattes, activities, and more importantly pumpkin picking! Curious about August 2021 condo statistics in Toronto Harbourfront and Waterfront? See below!
In August 2021, there has been a total of 74 units sold with an average sold price of $802,744 and an average of 16 days on market. In comparison to August 2020, there were 56 units sold with an average sold price of $889,802 with 21 days on the market.
Now, let’s delve deeper into Harbourfront’s real estate condo market in more detail.
There were no studios sold last August 2021. In contrast, there were three studios sold in August 2020 with an average sold price of $495,667 and an average of 28 days on market.
We see an average sold price of $665,998 which is a 7% increase compared to August 2020. There were a total of 24 units sold and an average of 12 days on market compared to last year August with 15 units sold and 21 days on market.
In August 2021, the average sold price for a 1 plus den was $728,538, the number of units sold was 25 with an average of 15 days on the market which is a 1% increase compared to last year’s August 2020 with an average sold price of $721,143. Value and demand will continue to increase for 1 plus dens as it is one of the most popular layouts here.
For 2 beds, the average sold price in August 2021 was $956,385 with 21 days on the market and a total of 13 units sold. In August 2020, the average sold price is $1,309,600 with 20 days on market and a total of 10 units sold. That’s a 27% decrease from last year. The statistics between 2 beds and 2 plus dens are sometimes the same value, square footage, and price, so the two comparisons cannot be heavily relied upon.
In Toronto Harbourfront/Waterfront, the average sold price last month for 2 plus dens was $1,368,217 which is a 28% increase compared to August 2020 with an average sold price of $1,062,405. There were only four 2 plus dens sold last month with an average of 10 days on market!
For 3 beds, there were 5 units sold last month with an average sold price of $1,151,360 which is a 16% decrease compared to last year’s August with an average sold price of $1,373,667 and 15 days on market.
We see an increase in average sold price compared to last month July. As the market starts to cool down, August has fewer people willing to put their properties on market meaning more demand than supply!
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