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Posts tagged with: average priceMarch 20, 2012MID MARCH 2012 MLS Sales REPORT
TORONTO, March 19, 2012 –In the first 14 days of March, GTA REALTORS® reported 4,215 sales on the TorontoMLS system, a 7% increase over the same period in 2011. New listings were down 2% year-over-year to 6,970.
“Really no change. The market would benefit from an increased number of listings to help moderate price increases, but so far no such luck. The average transaction price was up over 9% to $502,155 in the “416”. On average, homes sold for 100 per cent of the asking price within three weeks.
The Major Banks are still competing amongst themselves in the mortgage market to keep interest rates low and with improving economic news from south of the border our market looks set to continue in its now well established pattern for the remainder of the year.
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Summary of TorontoMLS Sales and Average Price
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March 1 - 14
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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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1,645
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$553,536
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1,556
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$512,798
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Rest of GTA ("905")
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2,570
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$469,267
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2,371
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$424,696
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GTA
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4,215
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$502,155
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3,927
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$459,605
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March 8, 2012GTA REALTORS® FEBRUARY SALES DATA
Toronto, March 5, 2012 – The Toronto Real Estate Board REALTORS® reported 7,032 MLS® sales in February 2012 – up 16 % over February 2011. New listings were up by a lesser 11 per cent to 12,684. Over the first 28 days of February, sales were up by 10% and new listings by 6%.
“No change there then. A mere 2 month’s inventory, still a strong seller’s market evidenced by the Sale Price to List Price ratio of 99% .
The average transaction price in the TREB market area was $502,508 in February – up 11 per cent over to February 2011. The Composite MLS® Home Price Index for TREB, which provides a less volatile measure of price growth compared to the average price, was up by 7.3 per cent compared February 2011.
Market price looks set to continue upward unless the improved numbers tempt more sellers into the Market Place. Bank of Canada said to day that economic data shows that our economy is improving they are going to keep the overnight rate at 1% so we can look forward to a strong market for the rest of 2012.
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Summary of TorontoMLS® Sales and Average Price February 1 – 29
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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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2,686
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$553,519
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2,527
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$497,180
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Rest of GTA ("905")
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4,346
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$470,981
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3,531
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$421,946
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GTA
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7,032
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$502,508
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6,058
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$453,329
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February 3, 2012 GTA REALTORS® RELEASE MONTHLY MARKET FIGURES
TORONTO, February 3, 2012 – Toronto Real Estate Board reported 4,567 MLS sales in January 2012, up 8.8 % from the 4,199 sales reported in January 2011.
The average transaction price for January 2012 was $463,534 – up by almost 9% compared to January 2011.
The hope was that higher prices would produce more listings as the market tries to find equilibrium. But as usual the Buyers are out before the sellers are ready and the resulting imbalance has caused an immoderate price increase and heartache for buyers as they are again forced to compete for scarce listings.
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Summary of TorontoMLS® Sales and Average Price
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January 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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1,705
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$499,045
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1,677
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$446,458
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Rest of GTA ("905")
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2,862
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$442,380
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2,522
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$412,000
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GTA
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4,567
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$463,534
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4,199
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$425,762
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January 5, 2012
December 2011 MLS
TORONTO, January 5, 2012 The Toronto Real Estate Board repoted 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 the 8% 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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December 19, 2011TORONTO, December 16, 2011 -- Greater Toronto REALTORS® reported 2,699 transactions through the TorontoMLS® system during the first 14 days of December 11 % above the same period in 2010. Year-to-date sales amounted to 87,407 – up 4.3 % compared to 2010.
The average selling price for this period was $460,967 – up 6% in comparison to December 2010. A sustainable level of price growth compared to the frothy 10 - 11 % seen earlier in 2011. More new listings have helped slow the rate of price increase.
Summary of TorontoMLS® Sales and Average Price
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December 1 - 14
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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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1,139
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486,414
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1,057
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472,181
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Rest of GTA ("905")
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1,560
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442,388
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1,374
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407,143
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GTA
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2,699
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460,967
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2,431
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435,421
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November 3, 2011Toronto, November 3, 2011 – TorontoMLS®reported 7,642 home sales in October 2011. An increase of 17.5 % over the 6,504 transactions reported in October 2010. This will put us on course for the second best, if not the best, year in Board history. Average transaction price was $478,137 up 8% over the same period last year. An rate of increase slightly below the last 2 months - a good thing, reflecting the increase in active listings. Interest rates remain low and are likely to remain so throughout 2012. Demand remains brisk as affordability remains a sustainable level.
Summary of TorontoMLS® Sales and Average Price
October 1 - 31
2011 2010
Sales Average Price Sales Average Price
City of Toronto ("416") 3,124 $522,606 2,690 $490,660
Rest of GTA ("905" ) 4,518 $447,388 3,814 $409,043
GTA 7,642 $478,137 6,504 $442,799
October 18, 2011GTA REALTORS® RELEASE MID-MONTH RESALE MARKET FIGURES
Toronto, October 18, 2011 –Toronto Real Estate Board reported 3,477 sales on the TorontoMLS® in the first 2 weeks of October 2011 representing a 20 % increase over the 2,890 sales reported during the same period of 2010. New listings for the same period were up 21 per cent to 6,249.
The average selling price during the first two weeks of October was $475,743 – up 7.5 per cent compared to the same period in 2010.
We seem to be moving into a more balanced market with the increase in listings being higher than the increase in sales. We can predict if this trend continues, a moderation in the rate of house price increase and a more balanced market.
Toronto MLS® Sales and Average Price October 1 – 14 2011
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2011 2010
Sales Average Price Sales Average Price
City of Toronto ("416") 1408 $524,553 1,237 $499,740
Rest of GTA ("905") 2,069 $442,527 1,653 $400,088
GTA 3,477 $475,743 2,890 $442,742
September 19, 2011 - Updated: September 19, 2011Toronto, September 16, 2011 – Toronto Real Estate Members reported 3,149 sales for the first half of September, an increase of over 25 % compared to the the same period of September 2010. New listings were up by 14 per cent at 6,890, compared to last year.
The average selling price in the first half of September was $454,194 – an increase of 11 per cent compared to the same period in September 2010. Affordability in the short term is assured by indications that interest rates are not due to rise before the end of 2012 or even in to 2013. 11% price increase is not sustainable in the long term. My fervent hope is that rising prices will tempt more sellers into the market and redress the current imbalance between the numbers of Buyers and Sellers.
TorontoMLS® Sales and Average Price September 1 - 14
2011 2010
Sales Average Price Sales Average Price
City of Toronto ("416") 1,232 $464,825 943 $430,406
Rest of GTA ("905") 1,917 $447,362 1,567 $396,329
GTA 3,149 $454,194 2,510 $409,132
Source: Toronto Real Estate Board September 8, 2011 - Updated: September 8, 2011
GTA REPORT AUGUST 2011 RESALE MARKET DATA REPORT
Toronto, September 7, 2011
Toronto REALTORS® reported 7,542 MLS® sales through in August – a 24 % increase over the 6,083 sales in August 2010. New listings, were up by 20 per cent to 12,509 compared to August 2010. No easing in the shortage of listings which is causing the tight market conditions we are experiencing at the moment. Average transaction price increased by 10% to $451663 due to this inventory restriction. The Toronto Land Transfer Tax is a factor in discouraging the "move up " buyer We could see a near record year as we are on pace for 90,000 sales in 2011. It remains to be seen how long 10% year on year price increase is sustainable before affordability becomes eroded. Nevertheless our market is holding up well despite the world wide jitters over the global economy. The Bank of Canada announced this week no increase in the overnight rate currently at 1% the remainder of 2011 going into 2012. Good news for variable rate mortgage holders.
Summary of TorontoMLS® Sales and Average Price August 2011
2011 2010
Sales Average Price Sales Average Price
City of Toronto ("416") 2,898 $464,863 2,318 $420,405
Rest of GTA ("905") 4,644 $443,426 3,765 $402,889
GTA 7,542 $451,663 6,083 $409,564
Source: Toronto Real Estate Board
August 4, 2011Greater Toronto REALTORS® release July Resale Market Figures
Toronto, August 4, 2011 – Greater Toronto REALTORS® reported 7,922 sales through the TorontoMLS® system in July 2011, a 23 per cent increase over July 2010, a very slow month. Total sales to date 2011 55,863 – down by 1.3 % over the first 7 months of 2010. The Board is predicting close to 90,000 transactions this year. Second best on record.
Condo apartment sales have been especially strong.
Average price for July was $459,122 – up by 9.7% compared to the July 2010 average of $418,675.
Market conditions are still tight, leading many multiple offer situations and the ensuing competition between buyers and sellers driving the year on year increase.
Some relief may be in sight as the number of new listings increased from10,825 in July 2010 to 12,508 this July.
Summary of TorontoMLS® Sales and Average Price July 2011
2011 2010
Sales Average Price Sales Average Price
City of Toronto ("416") 3,072 $475,717 2,542 $443,000
Rest of GTA ("905”) 4,850 $448,612 3,883 $402,751
GTA 7,922 $459,122 6,425 $418,675 July 18, 2011Mid-July GTA Resale Market Figures
Toronto, July 18, 2011 –,The Toronto Real Estate Board reported an increase in sales and the average selling price for the first half of July compared to the same period of July 2010. The number of transactions reported through the Toronto MLS® system was up 35 per cent to 3,609, from 2,672 last year.
The average selling price was up 9.6 % to $464,277 compared to $423,773 in July 2010.
Tight market conditions coupled with very cheap mortgage money have produced a steeper than normal price increase, 10% year on year price increases are not sustainable in the long term. An increase in active listings would certainly moderate price increases. Is there a correction in the wind? Most Bank economists think so. Will the market go down or merely move sideways ? The alarmists who call for a 25% correction are clearly wrong but a correction of less than 5% would be improve the health of the Market. The Bank of Canada is not expected to change interest rates in its announcement due out tomorrow. Employment is looking stronger. Canadian Business remains optimistic for the future.
Real Estate Board Summary of TorontoMLS® Sales and Average Price
July 1st - 14th
2011 2010
Sales Average Price Sales Average Price
City of Toronto ("416") 1,400 $481,200 1,085 $455,756
Rest of GTA ("905") 2,209 $453,551 1,587 $401,908
GTA 3,609 $464,277 2,672 $423,773
Source: Toronto Real Estate Board
May 24, 2011 GTA REALTORS® Mid-Month Resale Housing Market Figures
TORONTO, May 18, 2011 – Toronto Real Estate Board reported 4,774 MLS® sales during the first two weeks of May 2011, 2% lower than the May 2010 number.
The continuing positive economic outlook and sustained employment coupled with the still very low interest rates makes the real estate market in the GTA strong without any sign of instability – yet.
Average selling price for the first half of May was $486,223 – up more than 8% over 2010.
“The shortage of listing inventory has lead to an inevitable price increase. More supply would certainly curtail the upward price trend. Many sellers seem to be holding back selling their property as they cannot find a home to purchase. The old Chicken and Egg problem. Markets are the best mechanism to solve this. Wait and see.
Summary Of May Sales And Average Price
May 2011 May 2010
Sales Average Price Sales Average Price
City of Toronto ("416") 1,867 $543,787 1,984 $500,375
Rest of GTA (905") 2,907 $449,252 2,903 $413,284
GTA 4,774 $486,223 4,887 $448,641
: Source Toronto Real Estate Board
Greater Toronto REALTORS® are passionate about their work. They adhere to a strict Code of Ethics April 18, 2011Toronto Real Estate Board Mid April Market Report
TORONTO, APRIL 18, 2011 ‐‐ TREB reported 4,444 sales for the first two
weeks of April 2011 – three per cent down over the same period of 2010. New listings were down 21 per cent compared to 2010.
The average transaction price for the first two weeks of April was $483,165, a 12 per cent increase over the $430,271 reported during the same period last year.
Market activity was still strong reflecting the positive economic environment being enjoyed in the GTA. The 20 to 35 basis point increase in fixed mortgage rates seeming to have little to no effect on sales. The main constriction in the market place seems to be the dearth of listings as the 21% decrease in new listings would indicate. Prices remain healthy and competition between buyers for the properties which are available is leading to numerous multiple offers. The 12% price increase is reflective of this and will hopefully tempt sellers into the Market.
2011 2010
Sales Average Price Sales Average Price
City of Toronto ("416") 1,760 $540,229 1,837 $470,532
Rest of GTA ("905") 2,684 $445,746 2,764 $403,514
GTA 4,444 $483,165 4,601 $430,270
November 18, 2010TORONTO, November 16, 2010 -- Toronto Real estate Board reported 3,076 sales MLS® sales during the first two weeks of November 2010.
This is a 16 per cent fewer than the 3,666 sales year on year the same period in November 2009.
Total year-to-date sales were 78,526 – up a little from 2009 following the pattern already established form the last several months. Average price for mid November transactions was $437,554 – up over five per cent compared Mid November 2009's $415,066 .
I recognise this. It is a normal market in recovery mode from the over-spiced market conditions of early 2009 - 2010 November 11, 2010Toronto Real Estate Board reported 6,681 MLS® sales in October 2010, a 21 per cent decrease over the 8,476 sales recorded in October 2009. Sales amounted to 75,582 through the first ten months of the year,– up one per cent over the same period in 2009. A familiar pattern for the more balanced market we have been experiencing in the latter half of 2010.
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42 per cent of total sales in the City of Toronto were Condo apartments and accounted for almost 60 per cent of sales in TREB’s central districts.
In the surrounding area almost 90 per cent of transactions are the more traditional low rise properties.
Average transaction price for the month was $443,729 – up five per cent over the average of $423,559 in October 2009. Average transaction price year to date was $430,802.
Affordability looks good. When the US economic recovery kicks in we can look forward to boom times but meanwhile – steady as she goes
October
2010 2009
Sales Average Price Sales Average Price
City of Toronto ("416") 2,751 $491,157 3,554 $464,212
Rest of GTA ("905") 3,930 $410,529 4,922 $394,205
GTA 6,681 $443,729 8,476 $423,559 October 19, 2010TORONTO, October 18, 2010 – TREB reported 3,012 MLS® sales in the first two weeks of October 2010. A 17 % from the 3,631 sales in first two weeks of October 2009. Year-to-date sales were 71,988, a increase compared to 2009.
The market is continuing to do what markets do best which is to adapt to changing conditions. Month on month sales decreases are moderating, showing the true strength of the GTA realty market.
The average transaction price for October mid-month was $444,644 – up 7% compared to 2009’s price of $414,479.
Summary Of October Sales And Average Price
October
2010 2009
Sales Average Price Sales Average Price
City of Toronto ("416") 1,273 $500,807 1,489 $455,001
Rest of GTA ("905") 1,739 $403,531 2,142 $386,311
GTA 3,012 $444,644 3,631 $414,479
Source: Toronto Real Estate Board July 15, 2009
DURHAM REGION JUNE 2009- Sales of single family dwellings are up 8.6% (1115) in June 2009 from May’s reported 1026 sales, and more relently up 15% from 967 sales June 2008.
Average selling prices are up 1.2% ($281,765) in June from May’s $278,592, and down only .5% from the reported $283,012 in June ‘08.
Total active listings are down 11.7% (2276) from May’s 2579, and down 27% from June ‘08’s 3118
which would give an overall List to Sell ratio of almost 49% - a Seller's market.
Buyer's are taking full advantage of these still very low interest rates. Employment fears seem to be lessening as the hope that the economy will pick up end of this / beginning of next year is becoming more widespread and whatever layoffs had to occur have already happened.
Last update occured: July 7, 2009
June 3, 2009TREB (Toronto Real Estate Board) stats for May show a 2% increase in unit sales over may 2008 and a 1% decline in average house price. Market conditions remain tight with a 21% decline in active listings.
Ajax is showing an average price in may 2009 of $295,450; Days on Market 37, selling 97% of List Price compared to May 2008 $301,874; Days on Market 35, selling average of 98% of List Price |
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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