Whether you are thinking of moving to a larger condo unit or house, downsizing or selling your investment property you need to understand your micro market in your neighbourhood. Gone are the days of low inventory, multiple offers and 20 showings in 2 days.

If you have to sell, you have to get ahead of the market. Pricing right the first time, how the property is presented and marketing the property for maximum exposure are 3 important factors when selling your condo.

Other key factors when  determining how to price your condo are:

  • Is your unit renovated?
  • Do you have parking, locker, a balcony?
  • Your exposure
  • The neighbourhood & location
  • Your walk score
  • Is your condo a low rise boutique building or high rise?
  • turnover rate in your building
  • the age of the building
  • the reputation
  • how many units are being rented
  • property management
  • amenities

Prices have declined compared to the average price in the beginning of the year. Inventory levels are steadily increasing month to month.

Let’s take a look at the South Etobicoke Condominium Real Estate Market

  • as of April there are currently 143 condos for sale
  • the average sale price to listing price is 98% (2024)
  • The percentage of condo listings that are selling is 37% (year to date as of April 30, 2024)
  • Months of Inventory is 3.6 (April 2024)

If you have any further questions please feel free to contact us! Book a meeting here.