Toronto Real Estate - Riverdale Market Update July 2018

Summer is here, and school is out. Its holiday and barbecue time in Riverdale-Playter States.

Hi, I'm Rosalin Smith-Carr here at Johnson and Daniel in Toronto. We've had nineteen sales in the last 30 days.

The days on the market to sell, that's the DOM is taking an average of only seven days.

The sale prices for all homes were virtually all about the asking price with a few selling from 200 to 500 thousand above the asking.

Right now there are 15 homes for sale in Riverdale-Playter States and the prices are ranging from $800,000 to just under 3 million.

Because of the slower start in home sales this year we expect this brisk level of sales to continue through the summer months.

Despite the more stringent mortgage rules buyers still want to make Riverdale-Playter States their home.

For those of you who may be thinking of a change, you may want to consider getting ahead of the September market.

Fall traditionally brings more homes to the market and therefore more competition for sellers.

Stay tuned for further updates.

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