Town Centre Court 2 bedroom + den sold in 4 days for $383,500

A Town Centre Court 2 bedroom plus den condo sold in four days for… wait for it… $383,500.  This was the highest sale this past September 2016 among 11 reported sales at the Town Centre Court condo location.

Town Centre Court 2 bedroom

Four 1 bedroom condos sold ranging from $240,000 to $245,000.

Four 1 bedroom plus den condos sold ranging from $275,000 to $288,000.

A two bedroom condo sold for $295,000.

And two, 2 bedroom plus den condos sold ranging from $365,000 to the high of $383,500.

Why a Town Centre Court 2 bedroom is getting popular

With the average freehold detached home in Toronto well over $1 million, townhouses and condos are becoming the “go-to” choices for many first time buyers.  Mind you, first time buyers won’t be searching in the $1 million price range, but as average detached home prices throughout the city continue to surge, condos and townhouses are hot right now.

Scarborough condos remain a great value in all of the city, especially with a location near the Scarborough Town Centre area.  If you own a condo at Town Centre Court, you will have witnessed drastic price increases this past year.  A tight inventory of condos available is driving prices upwards.

Availability remains limited, especially for 61 Town Centre Court where condos for sale rarely last long on the market.  A penthouse at 61 Town Centre is currently listed for sale at $579,000. It has four bedrooms, three washrooms,a fully renovated interior and breathtaking views.  It also has three parking spaces, yes, for your three luxury sports cars.

Average days to sell & % of asking price

In September 2016, the average days on market for Town Centre Court was 26 days.  The quickest sale was one day, and the slowest was 43 days.  On average, sellers got 98% of their asking price (which is expected in this market), with the lowest being 96% of asking price and highest 100% of asking price.

Town Centre Court 2 bedroom + den sold in 4 days for $383,500

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