Photo: Grant MacDonald/Flickr
We’ve all seen those “Sold” signs on front lawns boasting the short time the property spent on the market. But when it comes to your neighbourhood, how does its average days spent on the market compare to other parts of the city?
Looking at the Toronto Real Estate Board’s numbers for 2013, we found that the East End is once again topping our list. Here are a few other fast facts from our research:
- For the entire City of Toronto, the average time a property spent on the market was 26 days, slightly shorter than the GTA average of 27 days.
- Homes in E01 (The Beaches and Woodbine Corridor) spent the shortest amount of time on the market, averaging just 14 days.
- Properties in E02 (South and North Riverdale) and E03 (East York, Broadview North, The Danforth, Danforth Village, Crescent Town, O’Connor Parkview) tied for second place; they both averaged 17 days.
- E01, E02 and the third district on the list, W02 (High Park North, Junction Area), all saw high rates of homes selling above asking; the ratio of average sale price to average listing price was 103 per cent for each area.
For more details, check out the map and table of the top ten performers below:
Click here to see the full data.