Mimico, New Toronto & Long Branch Market Update for December 2021
If you are wondering how the real estate market is in Mimico, New Toronto or Long Branch, I have the sold data for you. Let’s take a look at your Mimico, New Toronto & Long Branch Market Update for December 2021.
I’ve compiled the sold data for all freehold home types that sold in the last 6 months from June 1, 2021 to November 30, 2021.
As we move into the last month of 2021, inventory continues to be very low in the Mimico, New Toronto and Long Branch neighbourhoods. There were 9,017 sales recorded for November in the whole of the GTA which set a new record.
Currently there are only 5 homes for sale in Mimico. There were 96 homes sold in Mimico in the last 6 months with an average days on market to sell a home in Mimico of 14. This is the same number as last month. If you missed last month’s market update, you can view it here.
It is very interesting to note the differences in the 3 different neighbourhoods in the last six months. The average sold price in Mimico is $1,376,419.
In the New Toronto neighbourhood, there are 8 homes currently for sale, slightly higher than Mimico. The average days on market it is taking to sell a house in New Toronto is 12. This tells us there is a slightly higher demand for homes in the New Toronto neighbourhood.
The average sold price in New Toronto is lower than Mimico at $1,292,758.
Have you been considering buying a home in Long Branch? Another fabulous area in South Etobicoke right by the water!
In the Long Branch neighbourhood, there are 4 homes currently for sale, even less than Mimico and New Toronto. The demand for homes in Long Branch is higher as the average days on market it is taking to sell a house is 11.
The average sold price in Long Branch sits at $1,427,089. If you are curious as to why the home prices are higher in Long Branch stay tuned for a blog post from me as I break down each neighbourhood for you.
If you are looking to buy a home in Mimico, New Toronto or Long Branch, what are you waiting for? Get in touch with me and let’s make this a reality for you before prices go up even more!
The inventory overall in all neighbourhoods is still very much a Seller’s market. If you are thinking about selling your home in New Toronto, Mimico or Long Branch now is the time to take advantage of those price gains we continue to see.
If you find yourself wondering what is all involved with preparing, staging and getting your home on the market please reach out to me to schedule a one on one no obligation consultation. I will take a look at your home objectively through a buyer’s eyes and let you know what areas of your home you need to focus on to prepare it for sale. We will go through a Comparative Market Evaluation to see just how much your home could be worth in today’s market and take the next steps to get you ready for sale!
There you have it! Your Mimico, New Toronto and Long Branch Market Update for December 2021.
Be sure to check back next month to see how the market performed again in New Toronto, Mimico and Long Branch and as always I welcome any questions you have about these fabulous south etobicoke neighbourhoods.
