Toronto Central Real Estate Market – April 2025 Snapshot

Are you looking to buy or sell property in Toronto? Understanding the current real estate landscape is essential for making informed decisions in this dynamic market. Our latest analysis reveals significant trends across different housing types and neighborhoods that could impact your real estate journey.

Central Toronto Real Estate Trends

Luxury Detached Homes in Central Toronto

Central Toronto's detached housing market continues to showcase premium values, with properties maintaining an impressive average price of $2.38 million. With 214 sales recorded (down 7% year-over-year), these prestigious homes typically sell within 20 days – slightly longer than last year's 18-day average. Sellers are achieving an average of 97% of the asking price, reflecting continued strong demand despite increased inventory levels (1,016 active listings, up 45% from last year).

Semi-Detached Homes: Central Toronto's Hot Commodity

The semi-detached segment in Central Toronto demonstrates remarkable resilience with 79 sales (up 14% year-over-year) and homes selling at an average price of $1.44 million. Buyers compete for these properties, evidenced by 105% ask-to-sell ratio and a quick 11-day average selling period. Inventory has increased by 58% year-over-year, offering more options for potential buyers.

Central Toronto Condo Market Adjusting

Central Toronto's condominium sector shows signs of adjustment, with sales dropping 24% to 626 units. The average price holds at $750,000 with properties selling at 97% of the asking price. Market pace has slowed slightly, with units taking 32 days to sell compared to 26 days last year. With 4,416 active listings (up 27% year-over-year), buyers now have expanded choices in this segment.

Toronto West Real Estate Analysis

West Toronto Detached Homes: Balanced Value and Demand

West Toronto offers more accessible entry points for detached home buyers with an average price of $1.55 million. The area recorded 251 sales (down 4% year-over-year) with properties selling within 19 days on average. The perfect 100% ask-to-sell ratio indicates a well-balanced market. Active listings have increased substantially (791 properties, up 55% year-over-year), creating favorable conditions for buyers.

Semi-Detached Market Strength in West Toronto

West Toronto's semi-detached homes continue to attract steady interest with 78 units sold (down just 1%) at an average price of $1.15 million. The strong 104% ask-to-sell ratio highlights continued competitive bidding. Properties spent slightly longer on market at 18 days versus 17 last year. Inventory growth is significant with listings up 66% year-over-year.

West Toronto Condo Market Cooling

The condominium sector in West Toronto shows a pronounced slowdown with sales falling 38% to 181 units, though the average price remains stable at $660,000. Properties now require 32 days to sell (up from 26), but still achieve 97% of the asking price. Active listings have increased 24% year-over-year, creating potential opportunities for buyers.

Toronto East Real Estate Insights

East Toronto Detached Homes: Growing Demand and Value

East Toronto's detached housing market shows strengthening demand with 263 sales (up 2% year-over-year) and an average price of $1.28 million. Homes are selling at an impressive 104% of asking price, though taking longer to sell at 18 days versus 12 last year. The most dramatic inventory increase can be seen here with listings up 98% year-over-year to 771 active properties.

Semi-Detached Homes: East Toronto's Market Leader

The semi-detached segment in East Toronto stands out as the strongest seller's market with 110% ask-to-sell ratio. With 96 units sold (up 4%) at an average price of $1.22 million and properties selling within 12 days. Listings have more than doubled, up 113% year-over-year.

East Toronto Condo Market Transitioning

East Toronto's condominium market reflects broader cooling trends with sales down 38% to 118 units, though maintaining a healthy 98% ask-to-sell ratio. Days on market increased to 32 from 23 last year. Available inventory has expanded significantly with listings up 49% year-over-year to 705 units.

Whether you're looking to buy your dream home, sell your current property, or explore investment opportunities in Toronto's diverse neighborhoods, understanding these market nuances is crucial.

Semi-detached homes demonstrate continued market strength, with East Toronto properties achieving 110% of asking price. Conversely, condo sales volume has declined significantly despite price stability, indicating shifting buyer preferences.

Inventory has increased substantially across all segments (up to 113% YOY for East Toronto semi-detached), creating a more balanced market environment.

Looking for personalized advice on navigating Toronto's evolving real estate market? Contact me today for a consultation about your real estate needs.