By Michael McCann
There was an increase in the number of homes sold in April with 45 changing hands compared with 36 houses sold in the month of March.
For those of us who have a thing for statistics that’s a 25% increase.
This is certainly typical for the spring real estate market, as most buyers and sellers are anxious to close before July.
The reason behind this is that once the warmer weather hits, sellers and buyers collectively would rather be at the cottage or travelling than buying a house.
Let`s have a look at the numbers:
Birchcliff – Cliffside Home Sales in April 2013 – 45 homes sold
Source: Toronto Real Estate Board. Excludes commercial properties, condos and vacant land.
Birchcliff/Cliffside
- April 2012 saw 42 sold homes while April 2013 we had 45 sold properties – Up 8% in one year
- April 2012 average sold price was $545,692 and April of 2013 the average sold price was $620,749 – Up 14% in one year
- April 2012 took an average of 12 days to sell a home and April 2013 was no different – 12 days
If you check out March’s housing statistics for our neighbourhood you will notice that there is only a $300 difference in average sold price from March to April.
Toronto Real Estate Board
- 10,021 sales in April 2012 with April 2013 showing 9.811 sales – Down 2% in one year
- $515,888 average selling price April 2012 with April 2013 coming in at $526,335 – Up 2% in one year
Canadian Real Estate Association
- April 2013 home sales were down 3.1% over April 2012
Birchcliff homes are selling, but the single most asked question neighbours put to me is what type of market are we in locally? Seller? Buyer? Balanced?
The answer is that in Birchcliff we remain a seller’s market. Those homes which show well and are realistically priced are still attracting buyers who are willing to pay a premium to be part of our community.
The May local housing market continues to be very active, so expect to see increased activity all the way into late June.
For a look at local real estate prices over the last six months, click on the tabs.
[tabs slidertype=”top tabs”] [tabcontainer] [tabtext]March[/tabtext] [tabtext]February[/tabtext] [tabtext]January [/tabtext] [tabtext]December[/tabtext] [tabtext]November[/tabtext] [tabtext]October[/tabtext] [/tabcontainer] [tabcontent] [tab]Birchcliff – Cliffside Home Sales in March 2013 – 36 homes sold [/tab] [tab]Birch Cliff – Cliffside Home Sales in February 2013 – 23 homes sold [/tab] [tab]Birch Cliff – Cliffside Home Sales in January 2013 – 18 homes sold [/tab] [tab]Birch Cliff – Cliffside Home Sales in December 2012 – 11 homes sold [/tab] [tab]Birch Cliff – Cliffside Home Sales in November 2012 – 27 homes sold [/tab] [tab]Birch Cliff – Cliffside Home Sales in October 2012 – 19 homes sold [/tab] [/tabcontent] [/tabs]
According to the Toronto Real Estate Board, our local housing market is defined as Birch Cliff/Cliffside and the boundaries can be seen below.
View Birch Cliff / Cliffside in a larger map
