Contributed by Daniel Bloch
Cabbagetown pride is more evident today than it has ever been. There is a strong sense of togetherness throughout the neighbourhood associations, the annual festivals, and the level of care in home ownership on the storybook streets that border Parliament. Visitors to the area are welcomed by beautifully landscaped gardens, smiling residents, clean streets, and a variety of shops and restaurants, making Cabbagetown both an exciting destination and a wonderful place to call home.
Summer real estate sales for the community were slower than previous years, with limited inventory hitting the market in the months of July, August, and September. Consequently, the demand for homes in the area has grown significantly, with some of the strongest values we have seen in the history of the neighbourhood. Streets on both sides of Parliament have seen excellent sales, like a recent semi-detached home on Seaton south of Gerrard, which received 9 offers.
With more and more restored homes replacing former rooming houses, Cabbagetown is catching up to other areas of the city which offer similar housing stock. Values are way up over 2013, with a healthy and steady-paced increase predicted year-over-year into 2015. Average days on market are less than last year, all proving that buyers coming into the area see the value and benefits of living in a unique community within a short distance to the downtown core.
We wish everyone all the best over the holidays. Feel free to reach out to us with any real estate needs or to get our opinion on the market ahead. 2014 saw some record sales in the area, let’s all hope that 2015 will bring new high sales and renewed inventory to the area.
Visit our website www.teambloch.com for useful Buyer and Seller resources.
Daniel Bloch | Bloch Real Estate Team firstname.lastname@example.org c 416.666.0311