ETOBICOKE REAL ESTATE MARKET UPDATE FOR JULY 2022

Welcome to your Etobicoke Real Estate Market Update for July 2022. I have all the sold data for sales prices and average sales price by all home types for the districts W06, W07 & W08 in Etobicoke. Read on to find out all the details!

The W06 district comprises the neighbourhoods of Mimico, New Toronto, Long Branch and Alderwood in South Etobicoke.

In the month of July there were a total of 70 properties that sold and a total of 166 new listings that came on the market.

Currently there are approximately 244 active listings for sale in Mimico, New Toronto, Long Branch and Alderwood.

The district of W07 known as the Stonegate Queensway area comprises the neighbourhoods of Thompson Orchard, Sunnylea, The Queensway and Norseman Heights.

In the month of July there were a total of 17 properties that sold and a total of 30 new listings that came on the market.

Currently there are approximately 26 active listings for sale in Thompson Orchard, Sunnylea, The Queensway and Norseman Heights. 

The district of W08 comprises quite a few neighbourhoods namely Eringate-Centennial-West Deane, Princess Rosethorn, Edenbridge Humber Valley, Kingsway South, Islington Village, Eatonville, Etobicoke West Mall, Markland Wood and Islington City Centre.

In the month of July there were a total of 106 properties that sold and a total of 218 new listings that came on the market.

Currently there are approximately 271 active listings for sale in these neighbourhoods. This area comprises a lot of condo buildings. 

Looking at the month’s of inventory these markets are still indicating they are very much  Seller’s markets. It will be interesting to see if more houses come on the market in September.

The Etobicoke Real Estate Market Update for July 2022

If you are looking to buy a home in Etobicoke you have a lot to choose from right now. There are a lot of options and opportunities if you know where to look. I know a lot of buyers are waiting on the sidelines to see if prices will decrease further.

Thinking about buying a home?

You may want to get your pre-approval in place before the next rate announcement in September. If you are locked in now you still have 60-120 days to buy something. I honestly think it is better to buy now.

As always I’ll keep you posted as to the latest sold stats next month. If you are interested in getting into a home before the end of the year and would like to discuss your real estate needs. Please schedule a time with me here it’s easy and it’s Free!