Closed Sales & In Contract for Q3 2023
16Q | 1 Bed | 1 Baths | $1,100,000
18O | 1 Bed | 1 Baths | $1,995,000
14L | 1 Bed | 1.5 Baths | $1,460,000
10B | 1 Bed | 1 Baths | $1,065,000
PHL | 1 Bed | 1.5 Baths | $1,472,500
3K | 1 Bed | 1 Baths | $1,395,000
9M | 3 Beds | 2 Baths | $2,325,000
PHC | 1 Bed | 2 Baths | $3,418,219
17M | 2 Beds | 2 Baths | $3,400,000
17AB | 3 Beds | 3 Bath | $4,250,000
PHN | 1 Bed | 1 Baths | $2,200,000
10S | 1 Bed | 1 Bath | $1,795,000
2T | 1 Bed | 1 Bath | $1,595,000
14C | 1 Bed | 1 Bath | $1,450,000
Numbers
Average Sale Price: $2,065,766 - Down 16%
Average Discount: -2% from original price
Days on Market: 85 - Up 73%
With 14 closed sales in Q3 of 2023, Two Fifth had quite an active year compared to 2022. Average sale price did decrease as sellers are now having to be more flexible on their listing price even though the apartments had shorter time on the market. The activity cooled down towards the end of the quarter as buyers' demand subsided due to higher mortgage rates and overall economic uncertainty.
It remains to be seen how the values in the building are affected this year, and we certainly don't expect the same activity levels, but one thing remains certain - the building's incredible location, amenities, and upkeep will always be high on buyer's wish list. Additionally, there is an opportunity for sellers looking for more space, because when you sell in a buyers' market, you buy in a buyers' market.
So, will 2023 prove to be the best year for an upgrade? If you need more space, this can be the chance for you to make a move.
