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REALTOR®BUYERS:
WHY BUY A LOFT? Use Google maps to find your dream loft. Check-out Toronto LOFTS for sale.
SELLERS: |
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Andrew Harrild
Todd Armstrong|
FIGURE 1.2 2008 LOFT BUILDING SALES SUMMARY REPORT (FULL REPORT AVAILABLE TO CLIENTS) |
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Loft Name |
Average Selling $ |
Average Sqft |
Average $ per Sqft |
AVG Days on Market |
Highest price per Sqft |
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$462,440 |
1044 |
$443 |
15 |
$649 |
|
|
$409,625 |
857 |
$484 |
21 |
$591 |
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$407,943 |
827 |
$489 |
12 |
$569 |
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$341,816 |
783 |
$443 |
41 |
$465 |
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$610,417 |
1436 |
$429 |
22 |
$535 |
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$407,227 |
1102 |
$383 |
24 |
$479 |
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$392,577 |
864 |
$452 |
38 |
$502 |
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$324,461 |
709 |
$459 |
28 |
$499 |
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Figure 1.2 illustrates the 2008 selling price trends in some of Toronto's most popular loft buildings 2009 Appears to be 8% up, The numbers will be finalized shorlty. Units smaller than the average Sqft typically sell above the average price per Sqft while larger units sell below the average price per sqft (with the exception of penthouse units). With numerous other factors like views, exposure, level ect. affecting your loft's value it's interesting to see the highest selling price per Sqft in each of the buildings listed in Figure 1.1. Sellers who are considering listing their LOFT should keep in mind the cycles in the Toronto Real Estate Market. The chart below shows the cycles of the LOFT Market. Timing and positioning your loft is crucial for a sale to yield maximum returns. Call MrLOFT for advice on setting the stage for a perfect sale.
