MARCH CONDO UPDATE FOR MIDTOWN

The Midtown condo market remains strong as we enter a new year more buyers enter the market as interest rates start to edge slowly higher and supply of resale condos remains low.

January saw 7 units selling on Merton Street and 32 units sell along the Yonge St Corridor from Yonge and Bloor to Yonge and Lawrence. These units sold from a low of $198,000 for a one bed unit with no parking at Yonge & Bloor to a high of $770,000 for an approx 1600sq ft unit at Summerhill aith 2 parking spaces. Right now there are just 4 units for sale on Merton Street and 61 units for sale in the Midtown Yonge Street corridor from Davisville to Eglinton. These Midtown units range in price from a low of $198,000 for a one bed unit with no parking at Yonge and Eglinton to 2 1/4 million for a 2bed plus den of approx 4000sq ft with 2 parking at Yonge & Sheldrake.

Just click on our Midtown Condos For Sale Report button for an e-mail report of what’s available.

Thanks again to all our clients for the 3rd year running we sold the most listings on Merton Street again in 2005. We also set a new price record again on the street during 2005 for both condo and town homes.

How much is your Loft, Townhome or Apartment worth?
We may already have a buyer waiting for your unit.
When its time to get the best price for your condo or town home call Ralph for an up to date evaluation of your property.

For a free no obligation over the phone market evaluation of your unit just call me at 416-487-5131.

Buying a house in 2006:
Call (416.523.6447) or e-mail for an Area Report on the areas that interest you.

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