Midtown

Market Insights

• The Midtown market saw a 56% decline in volume during Q2 2020 over the same quarter last year due to COVID 19. This decline was largely due to Midtown’s primary buildings (The Ritz, Millennium Tower, Millennium Place & 45 Province) severely limiting showings during March & April.
• The average year-over-year price in Midtown decreased 13% during Q2.
• The average price per sq/ft sold dipped 3.8% year-over-year to $1,024.
• The 2 largest sales during Q2 were 45 Province #2901, which closed for $3.9M ($1,484 sq/ft) and Ritz Carlton #PH2B, which closed for $3.5M ($1,178 sq/ft).