What Happens in W06 stays in W06
The W06 grid reference for the Toronto real estate board takes in a number of family residences namely Alderwood, Mimico, New Toronto, Longbranch, and more recently the entire condominium new construction phenomena along Lake Shore and Marine Parade Dr.
The Lake Shore at Superior Ave., is not exempt from a revitalization with the announcement of the Mimico by the Lake named Eleven Superior by Davies Smith.
From the Toronto Real Estate board statistics we have learned that in the W06 grid there were 269 active listing ( Homes and condos for sale) of which 120 were new listings added in November and 84 of those sold.
In greater detail there were 51 active listings (detached homes) of which 36 were sold within month at an average price of $ 440,550. This is slightly ahead of the Toronto Average in that the average Toronto Price is quoted as $438,030 up five percent from last year.
The condo suites along the Lake Shore did slightly better on average with 196 active units for sale with only 35 sales. That seems a very low number of available and sold units given that there are in excess of 6,000 condominium suites effective 2008 source Humber Bay Shore Condominium Association The average condo sales price was $ 370,496.
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