Report on last months NewsGTA Resale Housing Sales Up |
In this Issue of my newsletter
This is the report for November from the Toronto real estate board
and indicates a 'normal' amount of activity and price drop for the month
of November.
All the best!
Mark
GTA REALTORS(r) Report Monthly Resale Housing Market Figures
TORONTO, December 3, 2010 -- Greater Toronto REALTORS reported 6,510 existing
home sales in November - down 13 per cent from 7,446 sales in November 2009.
New listings were also down 13 per cent annually to 8,642.
On a month-over-month basis, the seasonally adjusted annual rate of sales increased for the fourth straight month to 88,100. This rate was substantially higher than the July low of 67,900.
"The GTA resale market has tightened since the summer. Healthy market conditions continued to support growth in the average selling price," said Toronto Real Estate Board President Bill Johnston.
"Sales through the first 11 months of the year were down only marginally compared to the same period in 2009. We remain on track for one of the best years on record under the current TREB market area," continued Johnston.
The average selling price for November transactions was $438,030 - up five per cent compared to November 2009.
"The average selling price in the GTA is affordable. A household earning the average income can comfortably cover the mortgage payments on an average priced home. Expect the average selling price to grow at a moderate pace in the next while.
This chart plots the monthly MLS sales for the current year and the previous three years. The recurring seasonal trend can be examined along with comparisons to previous years for each month. Click the chart bellow to see a larger printable version.
This chart plots the monthly MLS average home price for the current year and the previous three years. The recurring seasonal trend can be seen along with comparisons to previous years for each month. You can click the thumbnail below to see a larger printable version. As well, you can see the season trends in graphical form
I hope this finds you Happy and Healthy!
All the Best!
Mark
Housing market indicators for November 2010
SUMMARY OF October SALES AND AVERAGE PRICE 2009 - 2008
Greater Toronto REALTORS® are passionate about their work. They adhere to a strict Code of Ethics and share a state-of-the-art Multiple Listing Service. Serving over 28,000 Members in the Greater Toronto Area, the Toronto Real Estate Board is Canada’s largest real estate board.
Toronto
REALTORS® are passionate about their work. They adhere to a strict code of ethics and share a state-of-the-art Multiple Listing Service designed exclusively for REALTORS®.
Serving more than 24,000 Members in the Greater
Toronto Area, the Toronto Real Estate Board is Canada's
largest real estate board. Greater Toronto Area
open house listings are now available on www.TorontoRealEstateBoard.com.
See the Average Price Cycles
from January 1995 to Date - a very interesting cyclical pattern is clearly
seen!
See how the historical 1 year mortgage interest rate
compares to the 5 year rate
Breaking down the total Numbers into TREB Areas for this month
Please browse here if you wish to see all the TREB Sales stats for 2007
This graph shows the last real estate recession in the GTA and how long it took to recover from the drop in the average price
This is a graphical representation showing the percentage of homes that sold in each price range.
Note the shift when you compare this month to 2 years ago,
quite significant!
August 2010
August of 2008
Latest sales report for November 2010 latest Sales
Report - August 26, 2010 NOTE: Please note these are preliminary
figures. Minor adjustments may be required at month's end. Region Area Sales Av.
Price East 123 $278,453 West 221 $323,384 Central 88 $432,270 North 93 $375,131 Total 525 $340,275 NOTE: Please
note these are preliminary figures. Minor adjustments may
be required at month's end. Region Area Sales Average
Price East 391 $300,867 West 627 $358,062 Central 268 $504,817 North 300 $419,670 Total 1,586 $380,654 NOTE: Please
note these are preliminary figures. Minor adjustments may
be required at month's end. * All figures above for Single-Family Dwellings.
Spot sales figures
Last month December 2008 Sales figures
555
For comparison purposes, see last year in February below.
See 2007 year sales figures
See 2006 year sales figures
See 2005 year sales figures
See 2004 year sales figures
Neighbourhood Corner - Mississauga - Each month The Toronto Real Estate Board profiles a neighbourhood and for January of 2006 TREB chose Mississauga!
There were 647 sales in Mississauga this January, a decline of three per cent over the first month of 2007. The average price came in at $339,655, a one per cent increase over the same time-frame last year. Of these sales, 196 were of detached homes which averaged $516,190, up eight per cent over January '07.
Mississauga (MLS districts W12 to W20) had 608 sales in January, up seven per cent over the figure recorded in January of 2005. These sales averaged $305,464, a two per cent increase over last January. Breaking down the total, there were 201 sales of detached homes, which averaged $448,889; there were 171 sales of condominium apartments, and the average for these was $193,481.
There were 569 sales in the Mississauga area during January, down 12 per cent from the figure recorded in January of 2004. The average price, however, rose seven per cent to $298,503. Breaking down the total, detached homes in Mississauga (203 sales) averaged about $418,655, while semis (121 sales) came in at $279,025.
The Mississauga area (W-12 through W-20) registered 645 sales in January, down 10 per cent from the 721 recorded during the same time-frame in 2003. However, the overall average in Mississauga came to $277,594, up seven percent over the $259,207 recorded in January of last year. Average days-on-market was 43, about the same as the Board-wide figure of 42.
In Mississauga (W-12 to W-20) the latter half of this year saw prices climb 10 per cent to $256,824 over the $233,151 recorded for the whole of 2001. Average Days-on-Market in Mississauga was 34, as compared to a city-wide average of 38 days.
Rental Market indicators in the GTA
This chart shows the breakdown of single family residential sales
for last month.
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