2 Bedroom Central Etobicoke Condo Market Insights

2 Bedroom Central Etobicoke Condo Market Insights

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Here are the latest insights from the Central Etobicoke condo market. Since January 1st, 2024, we've seen some intriguing trends in 2-bedroom condo sales, and I'm excited to share these key insights with you today."

In the past six months, 166 two-bedroom condos have been sold in Central Etobicoke. These condos are primarily located in popular communities like Islington-City Centre West, Edenbridge-Humber Valley, and Stonegate-Queensway."

The average list price for these condos was approximately $824,000, with the average sold price coming in slightly lower at around $807,000. This indicates that the market is competitive, with buyers negotiating prices close to the listing price.

The median sold price was about $709,000, with some condos selling for as high as $2.3 million and as low as $490,000. This range shows that Central Etobicoke caters to a diverse array of buyers, from those looking for luxury living to those seeking more affordable options.

Now, let's talk about the speed of sales. Condos in this area spent an average of 32 days on the market, with a median of just 20 days. Some condos even sold within a single day! This quick turnover highlights the strong demand in Central Etobicoke.

Most of these condos featured two bedrooms and two washrooms, making them ideal for small families, couples, or individuals looking for extra space. The average annual property taxes were around $2,995, reflecting the value and amenities offered by these properties.

So, what does this mean for prospective buyers in Central Etobicoke? The market is thriving, with a wide range of condos available to suit different preferences and budgets. Whether you're looking for a luxurious condo or a more affordable option, now is a fantastic time to explore your options in this vibrant community.

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