Average Condominium Price in Willowdale, North York for JUNE 2021

The average condo price is $700,200 and the median house price is $680,000.

The source of data for this report is Toronto Real Estate Board, Multiple Listing Service  MLS®.  The data is for the period of 28 days.

The average condo price is $700,200 and the median house price is $680,000.

There are in total 199 new listing and the number of condos sold are 113 in Willowdale East and West. 
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The Average days to sell a Condo is 14 days.
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The average Monthly condo price change JUNE 2021: Price drop of 3.54%

The average Yearly price change, June 2020 to June 2021: Price Increase of 2.1%

Section (1) of this report focuses on Condominium prices changes including (a) the average and median sold prices (b) average selling to listing price ratio

The above Graph shows the average sold prices for condominiums in Willowdale East and West community. There is a 3.5% decrease in Monthly average condo price sold in the June of 2021. The Yearly Average condo prices increased by 2.1% from June 2020 to June 2021.

​*Understanding the average sold price 

Average Sold price may vary drastically in the short-term from month to month for two main reasons. 

(1) the mix of sold homes changes; for example, one month, more high-priced homes are sold; hence, the average sold price is skewed to a higher number. If you have more lower-priced homes are sold in one month, the average sold price will be lower for that month.

(2) The change in the market condition where overall homes are sold more hence pushing the average sold price higher, or vice versa.

​See more market report

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Author

The above Real Estate article was provided by David Khosravi, a leader in his field in North York, Willowdale Real Estate, Reach out to David via email: drdavidkg@gmail.com or by phone: 416.990.2424
Are you thinking of selling your home? I will be glad to share my marketing strategies with you.