condo apartment market price analysis by ed tasellari, cfa, frm
TRANSCRIPT
FO
R S
AL
E
2 BEDROOMS
D E T A I L SAPR
1615
Open Home
Ph. 416000000
2 BATHROOMS
1 PARKING SPOT
#920 - 825 Church St, Toronto, ON, M4W 2H2Listed at $549,900.00
What about Fair Value?
Our analysis isbased on historicaltransactions 13-15
All historicaltransactionssourced fromMLS.TREB area C09
ED T.
#920 - 825 Church St, Toronto, ON, M4W 2H2Listed at $549,900.00
ll Historicaltransactionsourced fromMLS.
Listing DetailsValuation?Historical Sold& Leasedcomparableproperties
AreaBr.Wr.
Comparable CondoApartment Leased
AreaBr.Wr.
Condo Apartments Sold all sizes 2013-2015
*Disclaimer - Some transactions may not be included due to limited sales data
Total # propertiessold 2013-1543 - transactionsRange Area:549.5-1499.5 Sq FtRange Cost: $310K - $3.95MAverage Cost(below $1M): $519KAvg. Sale DOM:29 Days
Condo ApartmentBedrooms: 2Washrooms: 2Area: 700-799 sq FtParking: UndergroundAsking Price:549K
*Some transactions may not be included due to limited sales data
ED T.
#920 - 825 Church St, Toronto, ON, M4W 2H2Listed at $549,900.00
ll Historicaltransactionsourced fromMLS.
Listing Details
AreaBr.Wr.
Comparable CondoApartment Leased
AreaBr.Wr.
*Some transaction may not be included due to limited sales data Total # propertiessold 2013-1543 - transactionsRange Area:549.5-1499.5 Sq FtRange Cost: $310K - $3.95MAverage Cost(below $1M): $519KAvg. Lease DOM:29 Days
AreaBr.Wr.
Condo Apartments Sold allsizes 2013-2015
Comparableproperties 2Brx 2Wr @ 749.5Sq ft
Sold:
Max: 699k
Min: 499k
Avg: 549k
Average P/Sqft:$733/Sq Ft.
Condo ApartmentBedrooms: 2Washrooms: 2Area: 700-799 sq FtParking: UndergroundAsking Price:549K
Comparables
Condo ApartmentBedrooms: 2Washrooms: 2Avg Area: 749.5 sq FtParking: YesAvg Sold Price:549K
ll Historicaltransactionsourced fromMLS.
AreaBr.Wr.
Comparable Condo ApartmentLeased 550-950 Sq ft
Comparableproperties 2Brx 2Wr @ 749.5Sq ft
Leased:
Max: $2600
Min: $2200
Avg: $2425
Sale/RentFactor: 220x
Condo Apartments Leasedall sizes 2013-2015 Total # properties
leased 2013-1548 - transactionsRange Area:549.5-1499.5 Sq FtRange Cost: $1600 - $9500Average Cost: $2950Avg. Lease DOM:24 Days
AreaBr.Wr.
ll Historicaltransactionsourced fromMLS.
AreaBr.Wr.
omparable Condo ApartmentLeased 550-950 Sq ft
Comparableproperties 2Brx 2Wr @ 749.5Sq ft
Leased:
Max: $2600
Min: $2200
Avg: $2425
Sale/RentFactor: 220x
l
AreaBr.Wr.
TREB Area - C09 Indexed Condo Aparatment Sales /Notional Average Sales
TREB C09 Index Condo Sales vs. City of Toronto CondoSales 2012-2015
TREB C09 Notional Sales vs. City of Toronto NotionalSales 2012-2015
l Financing OptionsCurrent Mortgage Fixed Rates 2.5%-3.5%25 Year Amortization Period
Fixed orVariable?
Down payment 5-20%?
Loan 80%-95%
Informed
Prepared by Ed Tasellari, CFA, FRM