February Real Estate Market
Wednesday Mar 03rd, 2021
The real estate market report for month February 2021 is here!
This is a busy time during the month of February. Even though the economy is slowly opening up and the vaccination is being prepare, the real estate market is really hot now! We are in the seller market, meaning low housing inventory and high demand for buyers that create a multiple offer situation that turn into a bidding war.
In the GTA, there are 15,137 new listings in the GTA that is a 42.6% compare to last year 2020, just before the pandemic is here. The average sale price for the Toronto real estate market has just hit the $1,000,000 threshold and we are still in the winter market. Even though the pandemic is still in effect and the economy is slowly opening up, Superstars Realty team has consistently sold a lot of houses in the GTA like sold overasking, double ended and highest price in the neighbourhood.
Contact me today to experience a team of 80 professional agents to get top $$$$$ for your home.
Vinson Li - Real Estate Agent/Mortgage Agent