End of February in Toronto neighbourhoods

It is the last day of February, and, stock market crash and RRSP season aside, it is interesting to see how are homes selling in various Toronto neighbourhoods. I compared sales in January and February.

Starting from the west end:

• The Kingsway had 5 sales in January, with average price $1,196,800 (98.2% of asking), and 8 sales in February, averaging $929,500 (101.6% of asking).
• Bloor West Village: 17 sales in January, $528,607 average (106.8% asking), and 12 sales in February, $590,375 average (101% asking).
• High Park: 12 sales in January at $592,342 average (105.3 of asking), 17 sales in February at $594,441 average (98.4% asking).
• Roncesvalles Village: 5 sales in January at $511,400 (103.6% asking), 6 sales in February at $475,542 average (102.3% asking).
• Riverdale had 16 sales in January at $521,269 average (102.1% asking), 21 sales in February at $579,841 average (106.7 asking).
• Prime Beaches had 11 sales in January at $624,064 average (102.2 asking), and 18 sales in February at $601,983 average (103.9% asking).
• In Scarborough, Guildwood Village had 3 sales in January at $367,850 (98.7 asking), and 7 sales in February at $422,286 (96.7 asking).
• Looking north, North Toronto had 4 sales in January, averaging $765,625 (97.2% asking), and 6 sales in February at $881,667 average (107.7% asking).

It is still a common practice in busy Toronto neighbourhoods to list properties low (often substantially below market value) to generate bidding wars and quick, firm sale.