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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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July 11, 2011
Toronto, July 6, 2011 – Toronto Real Estate Board reported the third best June result on record, 10,230 sales, up 21 % over June 2010. The first half of 2011 saw a total of 48,189 sales, down 4.5 % compared to 2010.
Average price for June was $476,371, a 9.5 % increase over June 2010 and average price for the first six months was $467,169 up nearly 8% over 2010.
The shortage of listings is the main constriction in the market place leading to this rather large increase in price. We are still waiting for these strong price increases to tempt sellers into the marketplace and ease the competition between buyers for scarce listings.
Sales Average Price Sales Average Price
City of Toronto ("416") 4,133 $512,8793 3,428 $466,220
Rest of GTA (905") 6,097 $451,623 5,014 $413,712
GTA 10,230 $476,371 8,442 $435,034 |
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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