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GTA November Housing SalesDecember 8, 2011
Toronto, December 6, 2011 – Greater Toronto REALTORS® reported an increase of 11% in MLS residential transactions to 7,092, new listings were up by 14 % comparison to November 2010..
Average price for November transactions was up almost 10% to $480,421, compared to $437,494 in November 2010.
As predicted, the market is becoming slightly more balanced as the growth in new listing offers buyers more choice, reducing the number and intensity of multiple offer situations. Good for all concerned.
We can, all things being equal, look forward to a busy but less frantic market in 2012, with a slowing of the rate of price increase to a more sustainable level.
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Summary of TorontoMLS® Sales and Average Price November 1 - 30
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2011
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2010
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Sales
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Average Price
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Sales
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Average Price
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City of Toronto ("416")
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3,027
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$524,805
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2,742
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$477,092
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Rest of GTA ("905")
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4,065
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$447,371
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3,642
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$407,682
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GTA
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7,092
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$480,421
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6,384
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$437,494
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TorontoMLS
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MERRY CHRISTMAS
HAPPY NEW YEAR |
April 2012 – GTA MLS Sales.
Toronto, May 3, 2012 – GTA Realtors® reported 10,350 MLS sales for April 2012, 18% higher than the 8,778 sales recorded in April 2011. Sales of single-detached homes were up by 22 % for an average sale price of $650,147.
The average transaction price for April 2012 was $517,556 – up 8.5 % over April 2011. Condo apartments were up by 4% to $339,978.
Affordability remains good and despite the usual hand wringing by the big banks over consumer indebtedness, interest rates look to remain low for the foreseeable future.
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Summary of TorontoMLS Sales and Average Price
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March 1 - 31
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2012
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2011
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Sales
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Average Price
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Sales
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Average Price
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City of Toronto ("416")
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3,682
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$548,354
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3,610
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$498,050
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Rest of GTA ("905")
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6,008
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$477,006
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5,376
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$428,155
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GTA
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9,690
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$504,117
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8,986
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$456,234
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2011 MLS
TORONTO, January 5, 2012 The Toronto Real Estate Board reported 4,718 MLS transactions through the TorontoMLS® system in December 2011. This gave a total of 89,347 for the year – up four per cent in comparison to 2010 and is the second best year on record under the current Toronto Real Estate Board (TREB) boundaries. This despite an extended shortage of listings. . We could have sold more had we the product and possibly kept the year on year price increase below 8%. An increase from the $431,276 of 2010 to $465,412 in 2011. A more sustainable 4% increase is forecast for 2012 to an average price in the $480,000’s
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Summary of TorontoMLS® Sales and Average Price
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December 1-31
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2011
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2010
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Sales
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Ave. Price
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Sales
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Ave. Price
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City of Toronto "416"
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1,948
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$474,270
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1,818
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$463,580
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Rest of GTA "905"
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2,770
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$435,378
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2,468
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$411,383
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GTA
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4,718
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$451,436
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4,286
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$433,523
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