Saved homes 3
    Saved Searches 3
          Recently Viewed 3

            AIDA: Real Estate Artificial Intelligence Digital Assistant

            Disclaimer

            AIDA (Artificial Intelligence Digital Assistant) is currently in BETA version, and is available at no charge for a limited time.

            Some features are limited, with full access granted only to our clients and real estate agents representing ITRealty.

            All results are for informational purposes only, and we do not guarantee neither take any responsibility for AIDA's CMA accuracy. Please use it for the informational purpose only at your own risk, contact your agent (or one of ours), or a professional appraisal company for more details.

            AIDA's CMA is taking into account real estate market fluctuations for given type properties in the city and neighborhood, so sometimes CMA may significately vary from the prices properties are listed at.

            Please check below on the page for what AIDA is not including into the CMA.

            Comparative Market Analysis for MLS# N4577191

            Sold Cnd
            $748,800
            3br 3ba 1600-1799sf

            Prop Tax

            $3,356

            Condo Fee

            $250

            Exposure

            Ew

            Mortg/m

            $ calculator

            WalkScore

            76

            Compare$607,706

            Please Login for the Map View

            Property Details Provided By
            Property Details Provided By Toronto Real Estate Board
            Listed By

            RE/MAX HALLMARK REALTY LTD., BROKERAGE

            Learn more about this property:
            MLS# N4577191 Listing Details
            Among all comparable properties sold in condo located at 23 Observatory Lane in Observatory in Richmond Hill from Jan 2017 to Sep 2019, after adjusting selling prices according to market conditions at the time of sale, AIDA has calculated that:
            Minimum Price Adjusted was:

            $587,530

            Maximum Price Adjusted was:

            $625,125

            AIDA's ESTIMATE (based on 4 properties)
            AIDA's Comparative Market Analysis is based on comparable properties sales data adjusted according to the monthly fluctuations of the local real estate market, and is equivalent to:

            $XXX,XXX

            Which makes the Asking Price ($748,800) more than AIDA's Appraised Value by:

            $XX,XXX

            Or, in percentage equivalent, by:

            XX%

            Notes
            • Condo lockers are not taken into account.
            • Upgrades and quality of renovation are not taken into account.

            Comparables

            AIDA found 4 comparable properties sold in condo located at 23 Observatory Lane in Observatory in Richmond Hill from Jan 2017 to Sep 2019

            Use the table's first column checkboxes to exclude/include properties into evaluation. The numbers above will automatically get recalculated accordingly.

            Sold onFloorUnit#AddressDist/metersExpSQFTBed • BathGar SpacesMaintTaxSold PriceTime Adj %Time Adj Price
            2018-07-25***10123 Observatory Lane17Ew1600-17993+0 • 31.0$250$3,276$680,000-12.5%***
            2018-10-20***3823 Observatory Lane17S1600-17993+0 • 31.0$216$3,341$683,000-8.76%***
            2019-08-14***23023 Observatory Lane0N1600-17993+1 • 30.0$235$3,477$672,000-12.57%***
            2019-08-29***9523 Observatory Lane0E1600-17993+0 • 30.0$235$3,548$715,000-12.57%***

            Observatory, Richmond Hill Sales History More

            Observatory, Richmond Hill: Overall Sales Statistics for Condos
            Neighborhood Sales Statistics
            Neighborhood Rent Statistics
            Observatory, Richmond Hill: Detailed Sales & Rent Statistics for Condos

            Observatory, Richmond Hill AIDA Analytics

            Disclaimer

            All results are for informational purposes only, and we do not guarantee neither take any responsibility for AIDA's CMA accuracy. Please use it for the informational purpose only at your own risk, contact your agent (or one of ours), or a professional appraisal company for more details.

            City of Richmond Hill Condos MOI (Months of Inventory)
            Last month sales statistics:
            It is a Sellers market. Existing inventory is less than enough for 4 months sales supply (57 days).
            Sellers are not likely to negotiate the price, but it is easier to sell your own property.
            Buy first, sell next is a possible strategy, as your own properety may go up in price while you are shopping.
            How often similar homes sell?
            You may expect 5 to 6 properties like that to be sold in Observatory during the next 30 days.
            Seasonal sales fluctuation is showing 52% inventory increase comparing to the average annual number, which is equvalent to 3.5 properties sold per month, and 10% increase comparing to the last six months.
            How soon it can be sold?
            This property has been on the market for 6 days, which is 29 days less than the recent sales average and can be considered as a relatively new listing that can be sold at any time if the price is right.
            Seasonal sales fluctuation is showing 24% D.O.M. increase comparing to the average annual number, which is equvalent to 28 D.O.M., and 31% increase comparing to the last six months indicating lowering demand for this type of property within this price range.
            At what price it can be sold?
            Similar properties currently sell at 2.53% below its asking price in Observatory.
            The selling to asking price ratio is declining in Observatory.
            This property has not been on the market for long enough yet to guess if it can be sold above the asking price, but it can get sold in the nearest future if the price is right.
            Have a look at comparable properties sold in the past, to get a better idea about this home market value: MLS N4577191 Comparative Market Analysis
            Comparable properties in Observatory sold over the last 12 months
            Date MLS Address Br • Bath Sq.ft. D.O.M. Asked for Sold for Price Diff %
            2018-09-07 N4202474 75 Weldrick Rd E 3+0 • 3 1200-1399 43 $599,800 $580,000 -3.3%
            2018-09-23 N4242701 95 Weldrick Rd E 3+1 • 3 1800-1999 13 $729,888 $720,000 -1.35%
            2018-10-20 N4248064 23 Observatory Lane 3+0 • 3 1600-1799 36 $718,800 $683,000 -4.98%
            2018-10-31 N4279427 75 Weldrick Rd E 3+1 • 3 1800-1999 14 $668,000 $620,000 -7.19%
            2018-11-27 N4241974 75 Weldrick Rd 3+0 • 3 1600-1799 78 $578,000 $575,000 -0.52%
            2018-11-28 N4290914 95 Weldrick Rd E 3+0 • 3 1600-1799 28 $649,000 $625,000 -3.7%
            2019-03-03 N4367354 23 Observatory Lane 3+1 • 3 1600-1799 6 $739,000 $765,000 3.52%
            2019-03-10 N4360128 75 Weldrick Rd E 3+1 • 2 1000-1199 24 $588,800 $546,500 -7.18%
            2019-03-27 N4366241 100 Observatory Lane 3+1 • 2 1400-1599 31 $719,000 $715,000 -0.56%
            2019-03-28 N4381501 75 Weldrick Rd E 3+0 • 3 1400-1599 15 $570,000 $573,000 0.53%
            2019-04-17 N4403540 23 Observatory Lane 3+0 • 3 1400-1599 13 $649,000 $685,000 5.55%
            2019-05-15 N4438272 23 Observatory Lane 3+0 • 3 1600-1799 11 $699,000 $738,000 5.58%
            2019-05-15 N4447692 75 Weldrick Road East 3+0 • 3 1600-1799 4 $579,000 $553,888 -4.34%
            2019-06-13 N4461535 75 Weldrick Road East 3+0 • 3 1200-1399 20 $599,990 $590,000 -1.67%
            2019-06-17 N4436649 33 Weldrick Road East 3+0 • 2 1200-1399 46 $699,000 $680,000 -2.72%
            2019-08-01 N4522675 95 Weldrick Road East 3+0 • 2 1600-1799 13 $659,000 $645,000 -2.12%
            2019-08-14 N4510495 23 Observatory Lane 3+1 • 3 1600-1799 37 $679,000 $672,000 -1.03%
            2019-08-17 N4510460 23 Observatory Lane 3+0 • 3 1800-1999 40 $750,000 $735,000 -2%
            2019-08-29 N4519786 23 Observatory Lane 3+0 • 3 1600-1799 45 $748,800 $715,000 -4.51%
            2019-08-30 N4530242 75 Weldrick Road East 3+0 • 3 1200-1399 35 $599,999 $582,000 -3%

            Have Questions? We can help.

            Every property is different. Automated appraisals can't accurately tell you how much a property is really worth.

            Talk to an expert to find today's market price for any given property before you put in an offer. Free no obligation property evaluation. Limited to our clients only.

            Have a property to sell?

            Ask us for a comprehensive property evaluation at no charge, based on the Comparative Market Analysis and the personal experience of local agents.

            Free Property Evaluation