April 2022 was yet another month of few sales in The Annex, with very few options to purchase and thus few sales. There were a total of 20 transactions. Keep in mind that with so few trades, the values can be skewed with more lower-priced condos and houses versus higher-priced homes – our overall annual markers will provide a better sense of value increase, which you can reach out to us here to discuss.
Annex Homes Values
There were just 8 sales in the Annex in April 2022. The average home sold for $3,840,000, slightly down from $3,970,500 in April 2021. The average list-to-sale price was 99%. There was a 50/50 chance of multiple offers on house Annex listings. The average home was on the market for 10 days – this is a low number of days on market, which means that the Annex remains in high demand.
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Annex Condo Values
There were 12 condo sales—the average Annex condo sold for $1,387,583, down from $1,794,600 in March 2021 (note that the condos available in the Annex were of lower value than a year ago.) The average list-to-sale price was 108%. There was a 50% chance of multiple offers on house Annex listings. The average home was on the market for only 9 days.
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