Report on last months NewsGTA Resale Housing Sales Up |
In this Issue of my newsletter
This is the report for latest month in real estate sales
from the Toronto real estate board and indicates a 'normal' amount of activity
and price levels.
All the best!
Mark
GTA REALTORS® REPORT MONTHLY RESALE HOUSING FIGURES
Greater Toronto REALTORS® Report May Resale Housing Market Figures
This is the latest report from the Toronto Real Estate Board on prices for December 2011
This is the latest news from the Toronto Real Estate Board on Average sales volumes and prices, market is very healthy!
Pace of Home Sales Remains Brisk in October
November 3, 2011 -- Greater Toronto REALTORS® reported 7,642 home sales through the TorontoMLS® in October 2011. This represented an increase of 17.5 per cent compared to the 6,504 transactions reported in October 2010.
Monthly sales data follow a recurring seasonal trend that should be removed before comparing monthly results within the same year. After adjusting for seasonality, the annualized rate of sales for October was 97,100, which was above the average of 90,700 for the first three quarters of 2011.
"The pace of October resale home transactions remained brisk in the GTA. This bodes well for a strong finish to 2011," said Toronto Real Estate Board President Richard Silver. "Home buyers who found it difficult to make a deal in the spring and summer due to a shortage of listings have benefitted from increased supply in the fall."
The average selling price through the TorontoMLS® in October was $478,137 – up eight per cent compared to October 2010.
"Sellers' market conditions remain in place in many parts of the GTA. The result has been above-average annual rates of price growth for most home types," said Jason Mercer, the Toronto Real Estate Board's Senior Manager of Market Analysis.
"Thanks to low interest rates, strong price growth has not substantially changed the positive affordability picture in the City of Toronto and surrounding regions."
I hope this finds you Happy and Healthy!
All the Best!
Mark
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 from last month
SUMMARY OF SALES AND AVERAGE PRICE 2011 click for larger image
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!
What different properties sold for in March of 2011
August 2010
August of 2008
January 2011
January
22, 2011 |
|||
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. |
Latest sales report for November 2010
latest Sales Report - August 26, 2010
RegION |
Area
Sales |
Average
Price |
---|---|---|
East |
329 |
$327,637 |
West |
555 | $392,685 |
Central |
266 |
$454,598 |
North |
337 |
$475,755 |
Total |
1,487 |
$408,194 |
NOTE: Please note these are preliminary figures. Minor adjustments may be required at month's end.
For comparison purposes, see last year in February below.
February
28, 2008 |
|||
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
Neighbourhood Corner - Mississauga - Each month The Toronto Real Estate Board profiles a neighbourhood and you may read how the market
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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