I've not done any research by number of bedrooms and I last looked at prices on Monday for all condos that sold in Toronto for July. I do generally follow size as opposed to number of bedrooms.onlineharvest wrote: ↑Aug 3rd, 2017 12:43 pmCurious, RE agents or those with access to its data, do you have data on averages for different sized condos? 1 bed, 2 bed, etc
I haven't seen any downward movement in price for smaller condos where I reside, wondering if that's the same trend elsewhere, or simply area dependent.
I noted that where sales prices where up to the $700k's there was strong evidence of bidding wars, meaning over asking offers. Thereafter they moderate until the $800's where sale prices tapered off to at or close to asking and thereafter proceeded downwards as price rose.
In every market it's normal that the higher the price the fewer the buyers so that wasn't surprising. What it does note is that since the competitive demand for condos is in the under $700k number, these are not buyers who would have been looking for a house as houses haven't been that low in the core in many years.
If you'd like I'd be happy to do a cursory check and see if number of bedrooms is playing a factor, although I don't think it is.