North York Real Estate Statistics
North York Real Estate Price Trend
North York real estate average sold price in the last 30 days (November 17 - December 16) was $1,116,236, which is $83,505 (7.5%) lower than the average price of $1,199,741 in the previous 30 day period (October 18 - November 16), and $81,810 (7.3%) down from the same period 1 year ago ($1,198,046). North York real estate prices over the last 30 days are also $58,716 (5.3%) lower than the average selling price of $1,174,952 over the past year.
North York average sold price for homes was $1,782,745 in the last 30 days (November 17 - December 16), which is $79,829 (4.5%) down from the average home price of $1,862,574 in the previous 30 day period (October 18 - November 16), and $11,224 (0.6%) lower than the same period 1 year ago ($1,793,969). In the last 30 days North York the average home price was $62,550 (3.5%) lower than the average selling price of $1,845,295 over the last 12 months.
Average North York condo sold price over the last 30 days (November 17 - December 16) was $645,749. During this period it was $20,951 (3.2%) down from the average price of condo of $666,700 during the previous 30 days (October 18 - November 16), and $37,814 (5.9%) lower compared to the same period 1 year ago ($683,563). In the last 30 days North York the average condo price was $34,093 (5.3%) lower than the average selling price of $679,842 over the last year.
Average sold price of North York townhouse was $866,046 in the last 30 days (November 17 - December 16), up $9,797 (1.1%) from the average townhome price of $856,249 over the previous 30 days (October 18 - November 16), and $84,067 (9.7%) lower than during to the same period 1 year ago ($950,113). Over the last 30 days the average townhouse price in North York was $34,715 (4.0%) lower compared to the average selling price of $900,761 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for North York real estate was $1,116,236 in the last 30 days (November 17 - December 16), which is collectively $30,487 (2.5%) lower than the average asking price of $1,205,129. This represents an increase of $2,860 (8.6%) compared to $33,347 (2.5%) Sold-Under-Asking price from the previous 30 day period (October 18 - November 16).
The maximum Sold Over/Under Asking ratio in North York during the last 12 months was recorded in March, 2024 with an average of $9,026 over the asking price, while the minimum occurring in December, 2023 with $35,927 below the asking price.
Sales to New Listings Ratio
Sales to New Listings Ratio (SNLR) represents the number of sales in relation to new inventory listed over a period of time. SNLR for all property types in North York was 64.9% with 544 properties sold and 1,389 new properties listed in the past 30 days (November 17 - December 16). This represents an increase from 50.8% recorded during the previous 30 day period (October 18 - November 16), and a decrease from 69.4% compared to the same period one year ago.
Over the the last year the highest SNLR in North York was 104.8% recorded in December and the lowest was in September at 28.4%. SNLR of under 40% generally represents the Buyers' Market, while 60% and above - the Sellers' Market, with 40% to 60% range signaling a balanced market.
Average Days on Market when Sold vs Delisted
The Average Days on the Market (DOM) for 544 properties that were successfully sold in North York in the last 30 days (November 17 - December 16) was 41 days, which is 10 days more than 31 days average in the previous 30 day period (October 18 - November 16) and 11 days longer than during the same period a year ago (30 days).
There were 891 delisted properties in North York, those that got either Expired, Suspended or Terminated over the last 30 days (November 17 - December 16) with an average of 68 days on the market. This is 7 days longer than the average of 61 days during the previous 30 day period (October 18 - November 16) and 10 days more compared to the same period last year average of 58 days on the market.
891 North York properties that didn't sell stayed on the market 65.9% longer than 544 that sucessfully sold over the last 30 days - 41 days when sold vs 68 days when delisted respectively.
Average Days on the Market in North York over the past 12 months for properties that have sold was 27.6 days, with 58.8 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
838 new properties were listed on the market in North York in the last 30 days (November 17 - December 16). During the same time 544 properties were sold and 891 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 597 properties (or 71.2%).
During the previous 30 day period (October 18 - November 16) there were 1,389 new properties listed, 705 sold and 1,058 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was May with 1,886 new properties listed, the slowest - December with 354 new listings and a yearly average of 1,362 new listings per month.
New Real Estate Listings by Property Type
There were a total of 281 homes listed during the last 30 days (November 17 - December 16), which is 33.5% of all properties listed in North York. This is a 47.6% decline compared with a previous 30 day period (October 18 - November 16) and 16.1% up from the same period a year ago. Over the past year an average of 508 homes are were listed per month.
477 condo units were listed in the last 30 days (November 17 - December 16) in North York, which represents 56.9% of all new listings. This is down 32.5% from the prior 30 day period (October 18 - November 16) and 33.6% more compared to the same period last year. There were 715 condos listed per month on average during the last 12 months.
80 townhomes were listed over the last 30 days (November 17 - December 16) in North York, which is 9.5% of all new real estate inventory. This is a 45.2% less than during the previous 30 day period (October 18 - November 16) and 17.6% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 139 a month.
Real Estate Sales by Property Type
There were a total of 216 homes sold during the last 30 days (November 17 - December 16), which is 39.7% of all properties sold in North York. This is a 29.4% decline compared with a previous 30 day period (October 18 - November 16) and 3.3% up from the same period a year ago. Over the past year an average of 248 homes are were sold per month.
281 condo units were sold in the last 30 days (November 17 - December 16) in North York, which represents 51.7% of all sold properties. This is down 19.0% from the prior 30 day period (October 18 - November 16) and 21.6% more compared to the same period last year. There were 300 condos sold per month on average during the last 12 months.
47 townhomes were sold over the last 30 days (November 17 - December 16) in North York, which is 8.6% of all sold real estate. This is a 9.6% less than during the previous 30 day period (October 18 - November 16) and 104.3% increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 56 a month.