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Posts tagged with: listingsSeptember 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 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
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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.
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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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