There were a whopping 13 transactions. It’s nice to see our Annex come up with more sales again. It has been a while since we saw this much activity. Note that our overall annual markers will provide a better sense of value increase, which you can reach out to us here to discuss.
Annex Homes Values
There were 3 sales. The average home sold for $2,419,443, down from $3,150,000 in February 2022. Note: sellers are struggling to price their homes at what the market (buyer) is willing to accept in this real estate environment.) The average list-to-sale price was 94%. There was a 50/50 chance of multiple offers on Annex house listings. The average home was on the market for 28 days (proof that the overall Toronto real estate market is slower than historical statistics.)
➤ Check out our top reads for anyone thinking about living in The Annex:
- The Annex Neighbourhood Guide
- How To Adjust Your Home Selling Strategy When Prices Are Falling
- 5 Things You Didn’t Know About Toronto Lofts
Annex Condo Values
There were 10 condo sales—the average Annex condo – the Annex condo market is moving again. Perhaps it has to do with all the attention in the media, as many new condo pre-construction work is being done along Dupont and Bloor Street. The Annex is transforming!
Contact us here and read our Annex blogs to learn more about The Annex.
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