Midtown Condo Sales Ease Back in September After An Exceptional August
After a very strong August for sales the market eased back a little in September. In the midtown C10 area there were 16 condo sales this September versus 25 last year and down also from 25 sales in August of this year.
However the supply of resale condos in the midtown area has picked up with 83 units for sale at the end of September compared with 71 for sale last year at this time.
The days on market for units sold last month ranged from 4 days to 76 days. Midtown condo selling prices ranged from 95% to 109% of asking price compared with 93% to 103% of asking price for the same month last year.
On Merton Street, sales remained good with 3 units selling in September which is down slightly from last year when 5 units sold.
On Merton Street there were 11 units for sale which is back up to normal levels compared with most of this year when there were very few units available.