Gordon Shirbon :: Coldwell Banker Terrequity RealtyManaging Broker

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

Posts tagged with: average house price

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Mid January 2012 GTA MLS Stats

January 19, 2012 - Updated: January 19, 2012

TORONTO, January 17, 2012 – GTA REALTORS® reported 1,506 MILS during the first two weeks of January 2012., a 6% increase over the first 14 days of January 2011. New listings were also up by 3.7%.

A Sellers’ market remains in place. The increase year over year in new listings were insufficient to correct the imbalance between demand and supply resulting in an inevitable average transaction price rise of 8.5% to $444,473

The average selling price during the first two weeks of 2012 was $444,473 – up by more than 8.5 per cent compared to the same period in 2011.

The Bank of Canada kept it’s rate at 1% citing the prospect of a slowing economy due economic contraction in the Euro zone amongst other factors. Provided that employment in Southern Ontario does not decline drastically we can predict another healthy year for Real Estate in the GTA. Summary of TorontoMLS® Sales and Average Price (January 1 – 14)
2012				2011
Sales		Average Price		Sales		Average Price
City of Toronto ("416")	552		$467,152		581		$416,647
Rest of GTA ("905")	954		$431,351		839		$404,341
GTA	1,506		$444,473		1,420		$409,376

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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