The Annex, Toronto Houses

2nd Quarter 2022 Real Estate Sales Report

The Annex Toronto 

 

2022

 

 

2021

 

Difference

Sales

 

41

 

 

37

 

+ 10 %

Average Price

 

$3,004,038

 

 

$2,829,199

 

+ 6 %

Average Listing Price

 

$3,020,507

 

 

$2,729,089

 

+ 10 %

% of Final Sales Price to Listing Price

 

101 %

 

 

96 %

 

+ 5%

Days on Market

 

11

 

 

16

 

- 31 %

# of Detached Houses

 

15

 

 

13

 

 

# of Semi's

 

19

 

 

18

 

# of Townhouses

  7     6

The Annex Toronto's real estate housing market saw a strong increase in sales. The market was up 10% in sales over 2021 to 41 sales. This is still down from 2019 but showing signs of slowly coming back. There is still a lack of inventory in the Annex. Sales prices for 2022 increase by almost $250,000, partly due to a lack of inventory and the amount of detached homes sold in the The Annex neighbourhood, pushing the average sales price up. The average price comes in at a strong $3,004,038 per house.  

Another statistic showing that the market will remain strong is that we are seeing houses sell at 101% of the final sales price to the listing price. Also, houses are selling in just over 4 weeks. 

I will be very curious to see what 3rd quarter of 2022 brings. If inventory increases we may see a flatline of the price. If inventory remains we will see a continuous price increase.

If you have any questions, feel free to contact me and I'll get back to you as soon as possible.

 

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