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May 2011 has been another great month for Real Estate in Cabbagetown.

I took some time to review what Cabbagetown real estate numbers are and compared them with our region (C08) and city level numbers to see how we are doing compared to the average. Cabbagetown, over the past year, has seen an increase in average price sold over the same period last year. Our average price in Cabbagetown currently stands at $774,640.80 which takes into account all properties that have sold in 2011 while for the month of May, our average price was $823,505.00.

Let’s take a glimpse at what our local numbers look like:

Average List Price: $965,425
Average Sold Price: $823,505
Median Sold Price: $690,000
SOLD Listings: 25
Average Days on Market: 17
Let’s dig a little deeper into the numbers and define prices based on type of house. This would give you a better idea of how well your home is doing.

Attached/Row/Townhouse:

Average List Price $746,278
Average SOLD $732,667
Average Days on Market: 16
Semi-Detached

Average List Price $719,467
Average SOLD $716,636
Average Days on Market: 14
Detached

Average List Price $1,947,000
Average SOLD $1,874,500
Average Days on Market: 45
Our district numbers as reported by Toronto Real Estate Board

New properties Listed: 1,188
SOLD Listings: 689
Average SOLD $433,549
Median SOLD $383,000
Average DOM 23
You can find the complete report from Toronto Real Estate Board here

I also took the liberty to graphically compare how our numbers are this year compared to last year and came across some very interesting finds.

We are out-performing 2010 in all aspects such as average list price, average sold price, median sold price, lowest sold price, and highest sold price
We have shaved days off our Days on Market compared to last year

Additional graphs and reports are available on my blog. Please follow the direct link.

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