Willowdale Real Estate Blog
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Willowdale, Toronto real estate market report for January 2021, 13% increase from January of 20202/1/2021
 Willowdale, Toronto real estate market report - January 2021 Residential freehold Willowdale real estate market trends (Communities: Willowdale East, Willowdale West) Willowdale Housing Market Report for January 2021 The January 2021 Willowdale MLS® stats indicate an average house price of $2,045,933 and 40 new listings in the last 28 days. As of today, Willowdale housing data shows median days on market for a home is 15 days. Housing Prices January 2021 for 28 days *Average sold price: $2,045,933 Monthly change in price December 2020 to January 2021: 18% Increase Yearly change in price January 2020 to January 2021: 13% Increase  Table above. The monthly comparison for 2020 and 2021 shows a significant increase of 18%. The yearly change shows that there is 13% increase in the January of 2021  Graph above shows the 5 year average sold price for the month of January. January 2017 has the highest average and prices are hover around 2 Million dollar and January 2021 just over 2 Million dollar. *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. Housing Inventory New listings: 40 the total number of NEW homes listed in this period Homes sold: 15 the total number of homes with firm contract - not closed deals** Months of Inventory: 1 the number months it takes to sell off all the active listing homes in the market Learn more about the Month of Inventory Average days on market: 37 the average number of days it takes to sell a home Average selling to listing price ratio: 95.2% the ratio = average listing prices / average sold prices Understanding this report This report is the home price and inventory for the three communities, Willowdale East, Willowdale West, and. The data provided here help you make a well-informed decision about where you'd like to live. **Why do we use firm contract numbers instead of closed deals? To obtain the most updated stats, we use the firm contract - NOT when the transaction is reported or when the deal closes. A contract is firm when both the home seller and buyer agree to the transaction. Why use periods of 28 and 56 days? We use 28 and 56 day periods because some months have more weekends, ensuring that each period has the same amount of days and weekends to make a like-for-like comparison. What does pro-rated data? It can take up to four weeks or more for transactions to be reported based on historical reporting. Almost 30% of home transactions within this period have yet to be included in this report. Hence this period's numbers are considered "pro-rated." February 2021 report Willowdale Ontario real estate market trend report - February 2021  AuthorThe 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 Comments are closed.
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