With all the doom and gloom being reported in the media, you would think that prices would be dropping everywhere. Lets take a look at Toronto Real Estate Board’s districts C01. We are only looking at Condos and include all units sold during the month of October. There was a drop in units sold, and increase in days on market and an increase in the average selling price. Even though condo prices increased a little, buyers are now getting more time to make there decision.
Condo Units Sold
There were 154 units sold in October, down from 297 units sold in 2007 and 242 units sold in 2006.
Average Days on Market
The Average days on market in October was 32.24. This is up 49.76% over last Octobers and 11.09% over 2006.
Condo Average Selling Price
The average selling price for Condos in C01 during the month of October was $352,212. This is up 3.56% over last years $340,105. This is also up 12.33% over October 2006’s average price of $313,547.