As the real estate market in the Greater Toronto Area (GTA) continues to heat up, prospective buyers may be wondering about the current selling prices of homes – specifically, whether they’re going above or below asking prices. In January, the market experienced dynamic shifts, with some homes fetching prices above their listing, while others sold below expectations. Here are three that were below and three that were above their asking price:
This executive penthouse, featuring stunning views and luxurious finishes, recently sold for more than $280,000 under its original asking price. The property features a chef’s kitchen, a versatile den, and generously sized bedrooms with walk-in closets, making it an appealing opportunity for those seeking a turnkey lifestyle in the heart of the GTA.
This exceptional mid-century modern home, the last on an exclusive cul-de-sac, sold for approximately $80,000 below its asking price, presenting a unique opportunity for the new owner. Renovated by an award-winning architect, the property features breathtaking views of Highland Creek, a spa-like primary suite with cathedral ceilings, and a cozy bunkie with heat and electricity.
This impeccably remastered executive home in the heart of Mississauga’s cherished neighborhood, designed by David Small, recently changed hands for a remarkable $120,000 below its initial listing price. Boasting a chef-inspired kitchen, a private backyard oasis with a saltwater pool, hot tub, and built-in kitchen, as well as a Muskoka room with soaring ceilings, this residence is an entertainer’s dream.
This recently sold East York home, meticulously renovated in 2021, achieved remarkable success by selling for approximately $150,000 above its original listing price. This property exemplifies modern living at its finest with a thoughtfully designed interior featuring a custom black quartz fireplace wall, a designer chef’s kitchen, and upscale finishes.
This immaculate modern luxury townhome by Wycliffe Homes exceeded expectations, selling for an impressive $170,000 above its asking price. This property epitomizes contemporary elegance and sophistication. With high-end finishes and upgrades throughout, including a Scavolini custom kosher kitchen with premium appliances, oak hardwood floors, and a fully fenced backyard oasis.
This Dufferin Grove home, which recently sold for over $200,000 above its asking price, showcases a stunning modern renovation with wide plank white oak floors and a captivating floating staircase. Flooded with natural light from huge windows and a second-floor skylight, this residence boasts three bedrooms, three bathrooms, a finished basement, and a 1.5-car detached garage accessed via a laneway.
Kimmie Nguyen is the Data Analyst Assistant at Zoocasa where she plays a pivotal role in intertwining the intricacies of data analysis with the dynamic world of real estate.
With a genuine passion for applying scientific insights into the realm of business, Kimmie brings a fresh perspective to the intersection of technology and real estate. Kimmie enjoys uncovering valuable insights in the ever-changing real estate market through the dynamic usage of data trends.