Semi-detached Riverdale home sells for $220k+ over asking

Last year, we listed this semi-detached Riverdale home for $1,495,000, offers anytime. At this point in the pandemic, homes were selling, but not at the same rate or price points as the previous spring-summer market. After a few weeks and little to no interest, our clients decided to cancel the listing, opting for a short-term rental and possible reno.⁠

Fast forward five months later in one of the hottest markets Toronto has ever seen, we reached out to our clients to update them on the tightening conditions of the market. There simply was not enough inventory for buyers in their neighbourhood, because of this the market turned to favour sellers, driving up competition between eager buyers and in turn driving up sale prices of homes at a rapid rate.

We ended up listing this home again a week later, and in four days, 60 booked showings, and two pre-emptive offers later, it sold for $1,620,000! $125k MORE than a mere few months ago!!

If you are thinking about selling, now is the time!
With less inventory, homes are selling fast and for TOP dollar.

If you would like more information on recent home sales in your neighbourhood, book a consultation today.