06/23/2026
⚽️ Football & Real Estate Update ⚽️ It’s easy to think of the last week or so of June being all Fifa, all the time, but that simply isn’t the case. (Actually, .... my partner Fab would disagree with this statement!!) The last week has also been School Grad season, and the Day of Fathers, so it’s easy to lose track of the real estate market. So how has it faired? Let’s sit in the DEN of my fantastic new listing and look at the numbers.
⚽️ From last Monday to this one, free-hold inventory rose slightly to 4097 homes listed on the C, E and W districts of our MLS, with 627 of those in the last week. That’s a slight slow down in new listings week over week, but in line with school years wrapping up. Sales were strong, at 261 last week, and 41% of those above asking price. Activity followed prices as they have all year, with 50% of homes selling below $1 million selling in competition and 42% of homes selling between $1-2 million seeing the same. The fighting was much quieter in the upper price ranges, with 17% of homes selling between $2-3 million going for over-asking, and 13% of homes selling above $3 million facing the same conditions.
⚽️ The number of condo sales jumped 25% week over week to 250 sales in the last seven days, with 18% of those selling above asking price. Buyers are finally waking up to the opportunity to buy in a down market. And why not? As an investment, here is an interesting market fact. From June 1, there have been 1104 condo apartments leased, at 100% of asking price with an average of 5 days on market. That can be some stable cash-flow for the right investor.
⚽️ Now back to the game.......🥅
