Willowdale, Toronto real estate market report for the year 2020, despite the pandemic, we had a steady, strong market
Residential freehold Willowdale real estate market trends (Communities: Willowdale East, Willowdale West)
Willowdale Housing Market Report for the year 2020. The source data are accumulated in this report is Multiple Listing Service (MLS®) stats.
The 2020 Willowdale MLS® stats indicate an average sold house price of $1,953,433 and total of 648 listing for the year 2020
Willowdale housing data shows the average days on market to sell for a home is 32 days.
The graph above shows the number of new listings. The pattern is typical, with the lowest listing in Jan and an increase in listing gradually until Oct. However, because of the pandemic, we had a sharp drop in the new listing from Mar to Apr, and by Jun, it picked up to normal levels. The total number of new listings is 648 for the year 2020.
The graph above shows the number of residential homes sold for each month for the year 2020. Because of the pandemic, we had a sharp drop in sales for April. Sales picked up around July and dropping to a season lever by Nov.
The above graph shows residential home sales started in early 2020 around 1.8 dollars. It reached above 2 M in Feb and a small drop in price, perhaps because of the pandemic. Even though many believed prices would drop for housing in 2021, prices stayed strong throughout the year. The average sold house price is $1,953,433 for the year.
The graph above shows the sold price to list price ratio. The ratio is very close to 95% throughout the year. Indicating that (1) a sellers market throughout 2020, (2) and the listing prices are, in most cases, close to the real value of the houses sold. With exception of few houses, most houses are listed at the market value.
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."
Go to January 2021 Report
Willowdale, Toronto real estate market report for January 2021, 13% increase from January of 2020
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: email@example.com or by phone: 416.990.2424
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