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Posts tagged with: units soldNovember 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
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 |
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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