MID - JANUARY GTA MLS 

 

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.

 

 

 

Summary of TorontoMLS® Sales and Average Price
January 1 - 31
2012				2011
Sales		Average Price		Sales		Average Price
City of Toronto ("416")	1,705		$499,045		1,677		$446,458
Rest of GTA ("905")	2,862		$442,380		2,522		$412,000
GTA	4,567		$463,534		4,199		$425,762

ed 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 

2011 GTA  MARKET REPORT 

 

 

 

 

 

 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