Resales TREB November up 105%

Gordon Shirbon
Broker

Coldwell Banker Terrequity Realty, Brokerage
Independently owned and operated

211 Consumers Rd., Ste. 105 , Toronto, ON M2J 4G8

Direct: (416)495-2280 Phone: (416) 496-9220 Fax: (416) 496-2144 Toll: (800) 496-9220

Resales TREB November up 105%

December 7, 2009

November of 2008 was a very weak month for sales. The beginning of our very short (thank heavens) market downturn so the 105% increase in volume from 3,640 to 7,446 should be taken with a grain of salt, but all in all a most gratifying result. Although the number of new listings was unchanged at 9,925, the number of active listings was down 49% from 27,037 to13,827 hence the prevalence of multiple offers. If you have a house to sell, now is a good time. Inventory is at an all time low. Average price year to date was $394,464.

We are on track for about 85,000 units sold which would be the second best year ever.

Ajax saw 116 sales on 387 active listings giving a List to Sales ratio of close to 30% which is a closer to a balanced market. So if you are a buyer sick of Toronto's market insanity come to Ajax, get a good deal (average price $314,000) and pay only one Land Transfer Tax.

Tagged with: toronto resales november stats

« Back to Posts / Permalink

| | Share

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.

Summary of TorontoMLS Sales and Average Price
March 1 - 31
2012				2011
Sales		Average Price		Sales		Average Price
City of Toronto ("416")	3,682		$548,354		3,610		$498,050
Rest of GTA ("905")	6,008		$477,006		5,376		$428,155
GTA	9,690		$504,117		8,986		$456,234

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

Summary of TorontoMLS® Sales and Average Price
December 1-31			2011				2010
Sales		Ave. Price			Sales			Ave. Price
City of Toronto "416"	1,948			$474,270		1,818			$463,580
Rest of GTA "905"	2,770			$435,378		2,468			$411,383
GTA	4,718			$451,436		4,286			$433,523