Home price index (HPI) June 2021, Willowdale Toronto

​Willowdale East and West residential Home Price Index (HPI) report, June 2021

This report contains two sections home price index for one-story detached single-family and two-story detached single-family for (1) Willowdale East and (2) Willowdale West. The home price index is an important parameter to track price trends in a specific market.
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Brief Summary

• The source of data provided in this article is from Multiple Listing Service (MLS®)
• The data presented here as a The Base Year (also referred to as Base Period) of 2005

Willowdale East detached homes HPI values:

​Section (1) of this report focuses on HPI values (a) one story single family and (b) two story single family homes for both Willowdale East and West.

​​Willowdale East,​ Red: 1 story detached Single Family, Blue: 2 Story detached single famil

Willowdale East detached homes HPI values:

 |One Story|

12 months period
June 2020: 333.8
June 2021: 388.9
From June 2020 to June 2021 price increase of 55.1%

1 month period
May 2021: 388.6
June 2021: 388.9
From May 2021 to June 2021 NO significant price change

 |Two Story|

12 months period
June 2020: 328.2
June 2021: 339.9
From June 2020 to June 2021 price increase of 11.7%

1 month period
May 2021: 349.3
June 2021: 339.9
From May 2021 to June 2021 price drop of 9.4%


​There is a the sharp increase in HPI value starting 2021, for both one-story and two-story detached homes. One-story price increase is even greater compared to two story.

For one-story, starting April 2021 price starts dropping, and we see no price change from May to June 2021.

For two-story, there is a sharp price drop of 9.4% from May to June 2021.

Overall, prices have started to drop from the beginning of May 2021 we need to wait to see if this trend will continue. 

The value gap between one-story and two-story is still big but one-story detached.

​Willowdale West, Red: 1 story detached Single Family, Blue: 2 Story detached single family
The above Graph (1a) is identical to Graph 1 except only 2016 to 2021 is shown.

​Willowdale West detached homes HPI values:

 |One Story|

12 months period
June 2020: 332.1
June 2021: 400.0
From June 2020 to June 2021 price increase of 68.0%

1 month period
May 2021: 408.1
June 2021: 400.0
From May 2021 to June 2021 price drop of 5.1% 

 |Two Story|

12 months period
June 2020: 348.3
June 2021: 362.5
From June 2020 to June 2021 price increase of 14.2%

1 month period
May 2021: 375.4
June 2021: 362.5
From May 2021 to June 2021 price drop of 12.4%​
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​There is a the sharp increase in HPI value starting 2021, for both one-story and two-story detached homes. One-story price increase is even greater compared to two story.

For one-story, price was increasing until April 2021 and we notice a sharp price DROP of 5.1% starting May 2021 to June 2021.

For two-story, price from April 2021 to May 2021 did not change by much, however there is a sharp price DROP of 12.4% from May 2021 to June 2021.

Overall, prices have started to drop from the beginning of May 2021 we need to wait to see if this trend will continue. 

The value gap between one-story and two-story is still big but one-story detached.

​​| 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.