Toronto Home Prices February 2021

Thursday Mar 11th, 2021

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Toronto Home Prices February 2021

 

February is a good indicator for what's to come in the spring Toronto Real Estate Market. Ultra low inventory combined with ultra low interest rates are driving this seller's market to new heights! How did the Toronto market perform in February 2021?

 

Click here to see all available homes for sale in Toronto!

 

Below you will find key statistics such as Number of Solds, Average Sold Price and Average Days on Market.  Toronto features many types of properties, such as DetachedSemi Detached, Townhouses, Condo Apartments and Condo Townhouses - the statistics have been categorized accordingly.

 

Detached Homes:

February 2021:

Number of Solds: 941 

Average Sold Price: $1721116

Average Days on Market: 13 

 

Number of Solds:

A total of 941 Detached Homes were sold in Toronto during February 2021. This is an increase of 391 from the previous month. Compared to February 2020, it's an increase of 183.

Average Sold Price:

The average sold price in February 2021 was $1721116. This is an increase of $93547 from the previous month. Compared to February 2020, it's an increase of $211867.

Average Days on Market:

It took a total of 13 days on market to sell in February 2021. This is a decrease of 10 from the previous month. Compared to February 2020, it's a decrease of 5.

 

Semi Detached Homes:

February 2021:

Number of Solds: 301 

Average Sold Price: $1315603

Average Days on Market: 10 

 

Number of Solds:

A total of 301 Semi Detached Homes were sold in Toronto during February 2021. This is an increase of 128 from the previous month. Compared to February 2020, it's an increase of 114.

Average Sold Price:

The average sold price in February 2021 was $1315603. This is an increase of $88028 from the previous month. Compared to February 2020, it's an increase of $97948.

Average Days on Market:

It took a total of 10 days on market to sell in February 2021. This is a decrease of 8 from the previous month. Compared to February 2020, it's a decrease of 1.

 

Townhouses:

February 2021:

Number of Solds: 109 

Average Sold Price: $1185236

Average Days on Market: 11 

 

Number of Solds:

A total of 109 Townhouses were sold in Toronto during February 2021. This is an increase of 52 from the previous month. Compared to February 2020, it's an increase of 49.

Average Sold Price:

The average sold price in February 2021 was $1185236. This is an increase of $96786 from the previous month. Compared to February 2020, it's an increase of $96838.

Average Days on Market:

It took a total of 11 days on market to sell in February 2021. This is a decrease of 7 from the previous month. Compared to February 2020, it's a decrease of 7.

 

Condo Townhouses:

February 2021:

Number of Solds: 253 

Average Sold Price: $834044

Average Days on Market: 11 

 

Number of Solds:

A total of 253 Condo Townhouses were sold in Toronto during February 2021. This is an increase of 61 from the previous month. Compared to February 2020, it's an increase of 68.

Average Sold Price:

The average sold price in February 2021 was $834044. This is an increase of $114695 from the previous month. Compared to February 2020, it's an increase of $45509.

Average Days on Market:

It took a total of 11 days on market to sell in February 2021. This is a decrease of 12 from the previous month. Compared to February 2020, it's a decrease of 4.

 

Condo Apartments:

February 2021:

Number of Solds: 2074 

Average Sold Price: $682191

Average Days on Market: 23 

 

Number of Solds:

A total of 2074 Condo Apartments were sold in Toronto during February 2021. This is an increase of 287 from the previous month. Compared to February 2020, it's an increase of 670.

Average Sold Price:

The average sold price in February 2021 was $682191. This is an increase of $50320 from the previous month. Compared to February 2020, it's a decrease of $48240.

Average Days on Market:

It took a total of 23 days on market to sell in February 2021. This is a decrease of 11 from the previous month. Compared to February 2020, it's an increase of 7.

 

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