Curious to know what’s happening with the condo market in Harbourfront/Waterfront for July 2021? Take a look at our latest stats curated just for you!
In July 2021, there has been a total of 76 units sold with an average sold price of $807,556 with 21 days on market. In comparison to July 2020, there have been 60 units sold with an average sold price of $836,333 with 21 days on the market which is a -3.4% decrease compared to last year.
Now, let’s delve deeper into Harbourfront’s real estate condo market in more detail.
For studios, the average sold price for July 2021 was $477,250 which is a -0.03% decrease compared to July 2020 with an average sold price of $491,667. The price of studios seems to remain stagnant in Toronto Waterfront compared to last year. This doesn’t mean that the value of studios will remain the same in the foreseeable future.
We see an average sold price of $618,947 which is a +0.03% increase compared to July 2020. This year July has more action with a total of 34 units sold and fewer days on market compared to last year July. Hotter weather means more demand and people are eager to move!
In July 2021, the average sold price for a 1 plus den was $712,557 which is a +1.5% increase compared to last year July 2020 with an average sold price of $702,004. The number of units sold was 38 with an average of 18 days on market! 1 plus den is one of the most popular condo layouts which means there’s no doubt that the value will continue to increase.
For 2 beds, the average sold price in July 2021 was $962,882 with 19 days on the market which is an -0.17% decrease compared to last year July 2020 with an average sold price of $964,544 with 18 days on market. The average sold price for 2 bedroom units with a larger living space amidst the pandemic will continue to increase.
In Toronto Harbourfront/Waterfront, the average sold price last month for 2 plus dens was $1,104,607 which is a -9.8% decrease compared to July 2020 with an average sold price of $1,224,500. There were 15 units sold last month with an average of 25 days on market.
For 3 beds, there were 6 units sold last month with a sold price of $1,188,800 which is a +9% increase compared to last year July with an average sold price of $1,077,000. The number of units sold was 6 last month and we can see that July’s condo market is hot and people are willing to spend on 3 bedroom units compared to the month of June 2021.
If you have any questions about the condo market in Toronto, feel free to connect with us below by filling out the form or email us at nicolejenly@gmail.com. We’re more than happy to help with your real estate needs. Until next time!
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