July 2024 Sales Reports
Here is a summary of the sales activity in your Cornell Neighbourhood in July.
Average Selling Price Decreased Month-over-Month:
The average selling price decreased by -0.49% month-over-month: the average sales price in July was $$1,141,320(June was $1,146,941)
Average Selling Price Decreased Year-over-Year:
The average selling price decreased by -4.11% year-over-year. The average selling price in July 2023 was $1,190,320
Here are the specifics so you can get a feel for what types of homes are selling and what they are selling for:
June 2024 Sales Reports
Here is a summary of the sales activity in your Cornell Neighbourhood in June.
Average Selling Price Decreased Month-over-Month:
The average selling price increased by +2.05% month-over-month: the average sales price in June was $1,146,941 (May was $1,123,838)
Average Selling Price Decreased Year-over-Year:
The average selling price decreased by -3.56% year-over-year. The average selling price in June 2023 was $1,189,266.
Here are the specifics so you can get a feel for what types of homes are selling and what they are selling for:
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May 2024 Sales Reports
Here is a summary of the sales activity in your Cornell Neighbourhood in May.
Average Selling Price Decreased Month-over-Month:
The average selling price decreased by -5.27%% month-over-month: the average sales price in May was $1,123,838 (April was $1,186,462)
Average Selling Price Decreased Year-over-Year:
The average selling price decreased by -9.38%year-over-year. The average selling price in May 2023 was $1,240,176
Here are the specifics so you can get a feel for what types of homes are selling and what they are selling for:
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April 2024 Sales Reports
Here is a summary of the sales activity in your Cornell Neighbourhood in April.
Average Selling Price Decreased Month-over-Month:
The average selling price decreased by -0.95% month-over-month: the average sales price in April was $$1,186,462 (March was $1,197,803)
Average Selling Price Decreased Year-over-Year:
The average selling price decreased by -5.24% year-over-year. The average selling price in March 2023 was $1,197,803
Here are the specifics so you can get a feel for what types of homes are selling and what they are selling for:
March 2024 Sales Reports
Here is a summary of the sales activity in your Cornell Neighbourhood in March.
Average Selling Price UP Month-over-Month:
The average selling price decreased by -0.81% month-over-month: the average sales price in March was $1,197,803 (February was $1,207,604)
Average Selling Price UP Year-over-Year:
The average selling price increased by +5.42% year-over-year. The average selling price in March 2023 was $1,136,200
Here are the specifics so you can get a feel for what types of homes are selling and what they are selling for:
February 2024 Sales Reports
Here is a summary of the sales activity in your Cornell Neighbourhood in February.
Average Selling Price UP Month-over-Month:
The average selling price increased by +3.42% month-over-month: the average sales price in February was $1,204,484 (January was $1,166,607)
Average Selling Price UP Year-over-Year:
The average selling price increased by +3.84% year-over-year. The average selling price in February 2023 was $1,161,912
Here are the specifics so you can get a feel for what types of homes are selling and what they are selling for:
January 2024 Sales Reports
Here is a summary of the sales activity in your Cornell Neighbourhood in January.
Average Selling Price UP Month-over-Month:
The average selling price increased by +18.99% month-over-month: the average sales price in January was $1,166,607 (December was $980,452)
Average Selling Price UP Year-over-Year:
The average selling price decreased by -6.84% year-over-year. The average selling price in January 2023 was $1,252,306
Here are the specifics so you can get a feel for what types of homes are selling and what they are selling for:
December 2023 Sales Reports
Here is a summary of the sales activity in your Cornell Neighbourhood in December.
Average Selling Price UP Month-over-Month:
The average selling price decreased by –12.19% month-over-month: the average sales price in December was $980,452 (November was $1,116,543)
Average Selling Price UP Year-over-Year:
The average selling price decreased by -5.50% year-over-year. The average selling price in December 2022 was $1,037,519
Here are the specifics so you can get a feel for what types of homes are selling and what they are selling for:
November 2023 Sales Reports
October 2023 Sales Reports
September 2023 Sales Reports
Freehold Average Selling Prices UP Month-over-Month:
The average selling price increased by 3%. The average selling price in September was $1,300,772 (August was $1,264,236).
Freehold Average Selling Price UP Year-over-Year:
The average selling price increased by 6.70% year-over-year. The average selling price in September 2022 was $1,219,083.
Condo Average Selling Price UP Month-over-Month:
The average condo selling price increased by 10.59% month-over-month. The average selling price in September was $810,000 (August was $732,409).
Condo Average Selling Price UP Year-over-Year:
The average condo selling price increased by 5.89% year-over-year. The average selling price in September 2022 was $764,960.
Here are the specifics so you can get a feel for what types of homes are selling and what they are selling for:
August 2023 Sales Reports
Freehold Average Selling Prices DOWN Month-over-Month:
The average selling price decreased by -7.36%. The average selling price in August was $1,236,078 (July was $1,334,247).
Freehold Average Selling Price UP Year-over-Year:
The average selling price increased by 5.0% year-over-year. The average selling price in August 2022 was $1,176,377.
Condo Average Selling Price DOWN Month-over-Month:
The average condo selling price decreased by -3.93% month-over-month. The average selling price in August was $732,409 (July was $762,428).
Condo Average Selling Price UP Year-over-Year:
The average condo selling price increased by 6.61% year-over-year. The average selling price in August 2022 was $687,000.
Here are the specifics so you can get a feel for what types of homes are selling and what they are selling for:
June 2023 Sales Reports
Here is a summary of the sales activity in this area in June.
Freehold Average Selling Prices Down Month-over-Month:
The average selling price decreased by -2.6%. The average selling price in May was $1,378,403 (May was $1,415,293).
Freehold Average Selling Price UP Year-over-Year:
The average selling price increased 21.9% year-over-year. The average selling price in June 2022 was $1,130,684.
Condo Average Selling Price Down Month-over-Month:
The average condo selling price decreased by 0.96% month-over-month. The average selling price in June was $757,488 (May was $764,857).
Condo Average Selling Price Down Year-over-Year:
The average condo selling price decreased by -11.7% year-over-year. The average selling price in June 2022 was $858,500.
Here are the specifics so you can get a feel for what types of homes are selling and what they are selling for:
May 2023 Sales Reports
Here is a summary of the sales activity in this area in May.
Freehold Average Selling Prices UP Month-over-Month:
The average selling price increased by 1.3%. The average selling price in May was $1,415,293 (April was $1,376,573).
Freehold Average Selling Price UP Year-over-Year:
The average selling price increased 8.6% year-over-year. The average selling price in May 2022 was $1,217,588.
Condo Average Selling Price Down Month-over-Month:
The average condo selling price decreased by 8.6% month-over-month. The average selling price in May was $764,857 (April was $836,833).
Condo Average Selling Price Down Year-over-Year:
The average condo selling price decreased by –15.4% year-over-year. The average selling price in May 2022 was $905,000.
Here are the specifics so you can get a feel for what types of homes are selling and what they are selling for:
April 2023 Sales Reports
Here is a summary of the sales activity in this area in April.
Freehold Average Selling Prices UP Month-over-Month:
The average selling price increased by 7.3%. The average selling price in April was $1,376,573 (March was $1,281,860).
Freehold Average Selling Price UP Year-over-Year:
The average selling price increased 8.7% year-over-year. The average selling price in April 2022 was $1,265,991.
Condo Average Selling Price UP Month-over-Month:
The average condo selling price increased by 9.5% month-over-month. The average selling price in April was $836,833 (March was $764,167).
Condo Average Selling Price UP Year-over-Year:
The average condo selling price increased by 9.3% year-over-year. The average selling price in April 2022 was $765,000.
Here are the specifics so you can get a feel for what types of homes are selling and what they are selling for:
October 2022 Sales Reports
Here is a summary of the sales activity in this area in October. We are currently seeing a balanced market with very reasonable average selling prices. Please set up a call with us if we can provide you with information specific to your situation.
Freehold Average Selling Prices UP Month-over-Month:
The average selling price increased by 6%. The average selling price in October was $1,327,765 ($1,252,636 in September).
Freehold Average Selling Price UP Year-over-Year:
The average selling price increased by 1.7% year-over-year. The average selling price in October 2021 was $1,305,840.
Volume of Freehold Homes Sold UP:
The volume of freehold homes increased month-over-month: 18 home sales in October (11 home sales in September).
New Freehold Listings Vs. Homes Sold:
There were 24 new listings to hit the market for sale in October and 18 homes sold in October.
Condo Average Selling Price DOWN Month-over-Month:
The average condo selling price decreased by 2.1% month-over-month. The average selling price in October was $748,950, while in September it was $764,960.
Condo Average Selling Price UP Year-over-Year:
The average condo selling price increased by 5.1% year-over-year. The average selling price in September 2021 was $712,900.
Volume of Condos Sold DOWN:
The Number of condo sales was decreased month-over-month. There were 4 condo sales in October (5 condo sale in September).
Here are the specifics so you can get a feel for what types of homes are selling and what they are selling for:
September 2022 Sales Reports
Here is a summary of the sales activity in this area in September. We are currently seeing a balanced market with very reasonable average selling prices. Please set up a call with us if we can provide you with information specific to your situation.
Freehold Average Selling Prices UP Month-over-Month:
The average selling price increased by 8.9%. The average selling price in September was $1,252,636 ($1,153, 600 in August).
Freehold Average Selling Price DOWN Year-over-Year:
The average selling price decreased by 5% year-over-year. The average selling price in September 2021 was $1,318,719.
Volume of Freehold Homes Sold DOWN:
The volume of freehold homes slightly decreased month-over-month: 11 home sales in September (14 home sales in August).
New Freehold Listings Vs. Homes Sold:
There were 19 new listings to hit the market for sale in September and 11 homes sold in September.
Condo Average Selling Price UP Month-over-Month:
The average condo selling price increased by 11.3% month-over-month . The average selling price in September was $764,960, while in August it was $687,000.
Condo Average Selling Price UP Year-over-Year:
The average condo selling price increased by 10.2% year-over-year. The average selling price in September 2021 was $693,857.
Volume of Condos Sold UP:
The Number of condo sales was increased month-over-month. There were 5 condo sales in September (1 condo sale in August).
Here are the specifics so you can get a feel for what types of homes are selling and what they are selling for:
August 2022 Sales Report
Here is a summary of the sales activity in this area in August. While transaction levels and selling prices are down month over month (normal for any summer), they are also down year over year. When looking at these numbers, it’s important to remember that selling prices reached an all-time high during the two years of the pandemic. It would be impossible, and dangerous for the economy, if that upward trajectory were to have continued. We are currently seeing a balanced market with very reasonable average selling prices. Please set up a call with us if we can provide you with information specific to your situation.
Average Selling Price DOWN Month-over-Month:
The average selling price decreased by 6.7%. The average selling price in August was $1,153, 600 ($1,236,048 in July).
Average Selling Price DOWN Year-over-Year:
The average selling price decreased by 10% year-over-year. The average selling price in August 2021 was $1,281,514.
Volume of Homes Sold DOWN:
The volume of freehold home slightly decreased month-over-month: 14 home sales in August (16 home salesin July).
Absorption Rate:
There were 20 new listings to hit the market for sale in August and 14 homes sold in August, making the absorption rate (number of sales vs number of new listings) at 70%.
Condo Average Selling Price DOWN Month-over-Month:
The average condo selling price decreased by 6.1% month-over-month . The average selling price in August was $687,000, while in July it was was $731,667.
Condo Average Selling Price DOWN Year-over-Year:
The average condo selling price decreased by 3.7% year-over-year. The average selling price in August 2021 was$713,056.
Volume of Homes Sold DOWN:
The Number of condo sales was increased month-over-month. There was 1 condo sale in August (3 condo sales in July).
Here are the specifics so you can get a feel for what types of homes are selling and what they are selling for:
July 2022 Sales Report:
Here is a summary of the sales activity in your area in July.
Average Selling Price UP Month-over-Month:
The average selling price increased by 8.6%. The average selling price in July was $1,236,048 ($1,137,765 in June)
Average Selling Price UP Year-over-Year:
The average selling price increased slightly by 6.8% year-over-year. The average selling price in July 2021 was $1,156, 940.
Volume of Homes Sold DOWN:
The volume of freehold home slightly decreased month-over-month: 16 home sales in July (17 home sales in June). Less homes were listed for sale in the month of July.
Absorption Rate:
There were 20 new listings to hit the market for sale in July and 16 homes sold in June, making the absorption rate (number of sales vs number of new listings) at 80%.
Condo Average Selling Price DOWN Month-over-Month:
The average condo selling price decreased by 14.8% month-over-month . The average selling price in July was $731,667, while in June it was $858,500.
Condo Average Selling Price UP Year-over-Year:
The average condo selling price increased by 9.7% year-over-year. The average selling price in July 2021 was$666,925.
Volume of Homes Sold UP:
The Number of condo sales was increased month-over-month. There were 3 condo sales in July (2 condo sales in June).
Here are the specifics so you can get a feel for what types of homes are selling and what they are selling for:
June 2022 Sales Reports:
Here is a summary of the sales activity in your area in June:
Average Selling Price DOWN Month-over-Month:
The average selling price decreased by 6.6%. The average selling price in June was $1,137,765 ($1,217,588 in May)
Average Selling Price DOWN Year-over-Year:
The average selling price decreased slightly by 0.6% year-over-year. The average selling price in June 2021 was $1,145,192.
Volume of Homes Sold:
The volume of freehold home sales was the same month-over-month: 17 home sales in June (17 home sales in May). Less homes were listed for sale in the month of June.
Absorption Rate:
There were 44 new listings to hit the market for sale in June and 17 homes sold in June, making the absorption rate (number of sales vs number of new listings) at 39%.
Condo Average Selling Price DOWN Month-over-Month:
The average condo selling price decreased slightly by 5% month-over-month . The average selling price in June was $858,500, while in May it was $905,000.
Condo Average Selling Price UP Year-over-Year:
The average condo selling price increased by 22% year-over-year. The average selling price in June 2021 was $666,454.
Volume of Homes Sold:
The Number of condo sales was the same month-over-month. There were 2 condo sales in June (2 condo sales in May).
Here are the specifics so you can get a feel for what types of homes are selling and what they are selling for:
May 2022 Sales Reports:
Here is a summary of the sales activity in your area in May:
- The average selling price decreased by 3.8% month-over-month: $1,217,588 was the average selling price in May ($1,265,991)
- (The average selling price increased by 9% year-over-year. The average selling price in May 2021 was $1,117,015).
- The number of freehold home sales decreased month-over-month: 17 home sales in May (33 home sales in April). More home sales were listed for sale in the month of May. The absorption rate (number of sales vs number of new listings) was 24%.
- The Number of condo sales was the same month-over-month. There were 2 condo sales in May (2 condo sales in April).
- The average condo selling price increased by 18% month-over-month. The average selling price in May was $905,000 ($765,000 in April).
- (The average condo selling price increased by 24% year-over-year. The average selling price in May 2021 was $725,630.)
Here are the specifics so you can get a feel for what types of homes are selling and what they are selling for:
April 2022 Sales Reports:
- The average selling price decreased by 9.5% month-over-month: $1,265,991 was the average selling price in April ($1,399,406 in March ).
- The number of freehold home sales increased again month-over-month: 33 home sales in April (27 home sales in March), as more homes were listed for sale in the month. The absorption rate (number of sales vs number of new listings) was 117% in April, a large increase over March which was 32%.
- The Number of condo sales decreased by 11 units month-over-month. There were 2 condo sales in April (13 condo sales in March)
- The average condo selling price also decreased by 12%. The average selling price in April was $765,000 ($870,615 in March).
Here are the specifics so you can get a feel for what types of homes are selling and what they are selling for:
March 2022 Sales Report:
- The average selling price decreased by 13.8% month-over-month: $1,399,406 was the average selling price in March ($1,622,404 in February), driven by a larger percentage of townhomes in the overall mix of freehold homes sold in the month
- The number of freehold home sales increased substantially month-over-month: 33 home sales in March (23 home sales in February), as more homes were listed for sale in the month. The absorption rate (number of sales vs number of active listings) was 32% in March , a marked difference from February which was 82%
- Number of condo sales also increased by 5 units month-over-month. 13 condo sales in March (8 condo sales in February)
- The average condo selling price also decreased by 5.8%. The average selling price in March was $870,615 ($924,413 in February)
Here are the specifics so you can get a feel for what types of homes are selling and what they are selling for:
February 2022 Sales Report:
- The average selling price increased by 16.3% month-over-month: $1,622,404 was the average selling price in February ($1,357,900 in January), driven by a larger number of detached homes sold in the month.
- The number of freehold home sales increased substantially month-over-month: 23 home sales in February (10 home sales in January) as sellers turned their attention back to the market following a period of low inventory in December and January.
- Number of condo sales also increased by 6 units month-over-month. 8 condo sales in February (2 condo sales in January).
- The average condo selling price also increased by 2.1%, continuing the trend of a larger percentage of condo towns sold in this category over condominium apartments. The average selling price in February was $924,413 ($895,195 in January)
Here are the specifics so you can get a feel for what types of homes are selling and what they are selling for:
January 2022 Sales Report:
- Once again, the average selling price increased slightly month-over-month: $1,357,900 was the average selling price in January ($1,333,100 in December)
- The trend of low inventory also continued to influence the volume of home sales into January with another decrease in the number of homes sold. The number of freehold home sales decreased month-over-month: 10 home sales in January (20 home sales in December)
- Number of condo sales decreased by 2 units month-over-month. 2 condo sales in January (4 condo sales in December).
- The average condo selling price increased by 12.9% due to the larger percentage of townhomes sold in this category over condominium apartments. The average selling price in January was $895,195 (December was $779,750
December Sales Report:
- The average selling price remained almost the same month-over-month: $1,333,100 was the average selling price in December ($1,320,017 in November)
- As is typical for December, the number of freehold home sales decreased month-over-month: 20 home sales in December (29 home sales in November)
- Number of condo sales decreased by 7 units month-over-month. 4 condo sales in December (11 condo sales in November).
- The average condo selling price increased by 6%. The average selling price in December was $779,750 ($732,464 in November).
November Sales Report:
- The number of freehold home sales remained the same month-over-month: 29 home sales in November (29 home sales in October)
- The average selling price remained almost the same month-over-month: $1,320,017 was the average selling price in November ($1,305,840 in October)
- Number of condo sales increased by 5 units month-over-month. 11 condo sales in November (6 condo sales in October).
- The average condo selling price increased slightly. The average selling price in November was $732,464 ($712,900 in October).
October Sales Report:
- There were 29 freehold home sales in October (23 home sales in September).
- The average selling price stayed the same month-over-month.
- There were 7 condo sales in October (7 condo sales in September).
- The average condo selling price increased slightly. Average selling price in October was $708,643 ($693,857 in September).
September Sales Report:
- There were 23 freehold home sales in September (27 home sales in August).
- Month over month, the average selling price increased slightly. In September, the average selling price was $1,318,719 (August $1,281,514).
- The number of Condo sales in Cornell went down by 3 units. There were 6 condo sales in September (August: 9 condo sales).
- The average condo selling price stayed the same month-over-month.
August Sales Report:
- There were 37 freehold home sales in July and 27 home sales in August.
- Month over month, the average selling price increased slightly. In July, the average selling price was $1,156,940, and in August, the average selling price was $1,281,514.This is because July had a lower ratio of homes sold above $1.5m (1/27) compared to August, which had 3/27.
- The number of Condo sales in Cornell went down by 45%. There were 16 Condo sales in July and 9 Condo sales in August.
- The average condo selling price increased slightly. This is because July has a few sales below $600k, and all condo sales in August were above $600k.
Here are the specifics so you can get a feel for what types of homes are selling and what they are selling for:
July Sales Report:
The number of freehold home sales in July increased by four units compared to June. The number of condo home sales increased by three units.
- There were 33 freehold home sales in June and 37 homes sales in July.
- Month over month, the average selling price increased slightly. In June, the average selling price was $1,145,192, and in July, the average selling price was $1,156,940.This is because June had a higher ratio of homes sold below $1m (11/37) compared to July, which only had 5 sales out of 33 that sold below $1m.
- The number of Condo sales in Cornell went up by 3. There were 13 Condo sales in June and 16 Condo sales in July.
- The average condo selling price stayed the same ($666k).
June Sales Report:
The number of freehold home sales in June decreased by 4 compared to May. The number of condo home sales increased by two.
- There were 37 freehold home sales in May, and 33 homes sales in June.
- Month over month, the average selling price increased by $28k! In May, the average selling price was $1,117,015, and in June, the average selling price was $1,145,192.This is because May had a higher ratio of townhomes sold below $1m, contrary to June that had a higher ratio of homes sold above $1m, bringing the average up.
- The number of Condo sales in Cornell went up by 2. There were 10 Condo sales in May and 12 Condo sales in June.
- The average condo selling price went down by $63k. This is because May had one three-story townhouse that sold for $900,800, and all sales in June were stacked townhouse and condo apartments that sold below $830k, bringing the average down.
May Sales Report:
The number of freehold home sales in May decreased by 17% compared to April. Similarly, the number of condo home sales decreased but just by one.
Here is a summary of the numbers:
- In April, there were 45 freehold home sales, and in May, there were 37 home sales.
- Month over month, the average selling price decreased by $39,000! In April, the average selling price was $1,156,114, and in May, the average selling price was $1,117,015.This is because April had three sales above $1.5m, while all May sales were below $1.5m, bringing the average down.
- The number of Condo sales in Cornell went down by 1. There were 10 Condo sales in April and 9 Condo sales in May.
- The average condo selling price went up by $50k month-over-month. This is because, in April, there was one condo apartment that sold in the $500k, which brought the average down, and in May, one townhome sold in the $900k, which brought the average up.
Here are the specifics so you can get a feel for what types of homes are selling and what they are selling for:
April Sales Report:
The number of freehold home sales in April increased by 7 compared to March. While the number of condo home sales decreased by 1.
Here is a summary of the numbers:
- In March, there were 38 freehold home sales, and in April, there were 45 home sales.
- Month over month, the average selling price decreased by almost $15,000! In March, the average selling price was $1,170,819, and in April, the average selling price was $1,156,114.This because there was a higher number of townhomes that sold below $1m compared to March.
- The number of Condo sales in Cornell went down by 1. There were 11 Condo sales in March and 10 Condo sales in April.
- The average condo selling price went up by $5,346. This is because, in April, only one condo apartment sold, and the other 9 were townhomes that sold above $600,000.
Here are the specifics so you can get a feel for what types of homes are selling and what they are selling for:
March Sales Report:
The number of freehold home sales in March increased by almost 30% compared to February. Similarly, Condo home sales increased by one.
Here is a summary of the numbers:
- In February there were 29 freehold home sales, and in March there were 38 home sales.
- Month over month, the average selling price increased by almost $90,000! In February, the average selling price was $1,080,919 and in March the average selling price was $1,170,819.
- The number of Condo sales in Cornell went up by one. There were 11 Condo sales in February, and 12 Condo sales in March.
- The average condo selling price went up slightly by almost $3000.
Here are the specifics so you can get a feel for what types of homes are selling, and what they are selling for:
February Sales Report:
The number of freehold home sales in February doubled by 50% compared to January. On the other hand, Condo home sales decrease by 2.
Here is a summary of the numbers:
- There was a higher volume of freehold home sales in February (29 sales) over January (14 sales).
- Month over month, the average selling price increased by almost $42,000! In January, the average selling price was $1,038,962 and in February the average selling price was $1,080,919.
- The number of Condo sales in Cornell went down by 2 units. There were 13 in January, and 11 in February.
- The average condo selling price went down slightly by $14,000. This is because there were more high-value stacked townhouses vs lower-priced apartments sold in January compared to February.
Here are the specifics so you can get a feel for what types of homes are selling, and what they are selling for:
