Cricket Club Market Update - Summer 2008

  

Cricket Club

August 2008 

The cooling market has impacted sales in the Cricket Club, Toronto area this month, with sales down a significant -39% vs. August 2007. Average price has followed suit this month, with Cricket Club home prices down -5% vs. last year to an average price of $563,294.

Average number of days on the market increased significantly in Cricket Club, up 33% from 28 days to 42 days this month and the average % of list price achieved decreased from 101% to 96%.

While the numbers may seem a little daunting for sellers in the Cricket Club neighborhood of Toronto, bear in mind, these statistics are based off of a very strong August 2007 - a month where real estate has typically been at its slowest. Stay tuned for results from September - we shall see if the trend continues.

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July 2008 

The cooling market has impacted sales in the Cricket Club, Toronto area this month, with sales down -26% vs. July 2007. Despite a reduction in home sales in Cricket Club, prices remain stable, increasing by 1% this month vs. July 2007 to an average of $690,144. A good sign that people are still willing to pay a premium to be in this great neighborhood.

Average number of days on the market increased significantly in Cricket Club, up 31% from 22 days to 32 days this month and the average % of list price achieved decreased from 100% to 97%.

While the numbers may seem a little daunting for sellers in the Cricket Club neighborhood of Toronto, bear in mind, these statistics are based off of a record-breaking July in 2007. It's hard to show growth when you are up against such a strong base. Sales were still up significantly vs. 2006 as are values.