There were 18 transactions. The Annex appears to be hovering with a relatively balanced amount of sales, despite being lower than we would normally see annually. 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 5 sales. The average home sold for $2,288,900, down from $2,387,000 in May 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 100%. There was a 50/50 chance of multiple offers on Annex house listings. The average home was on the market for 25 days – proof that the real estate market is recovering quickly.
➤ 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 13 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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