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Report on last months NewsGTA Resale Housing Sales Up |
Year over Year summary Table (to date) |
In this Issue of my newsletter
This chart below shows the historical annual price and sales volumes since 2002 to 2012:
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
TORONTO, December 4, 2013 – Greater Toronto Area REALTORS® reported 6,391 residential sales through the TorontoMLS system in November, representing a 13.9 per cent increase over the sales result for November 2012. Over the same period, new listings on TorontoMLS were down by 4.4 per cent and month-end active listings were down by 12.1 per cent.
“Growth in sales was strong for most home types in the Greater Toronto Area. Sales growth was led by the single-detached market segment followed by condominium apartments.
Together, singles and condos accounted for almost three-quarters of total GTA transactions,” said Toronto Real Estate Board President Dianne Usher.
“With National Housing Day having just passed, housing affordability is top of mind in the GTA and indeed nationally. Despite strong price growth and an uptick in borrowing costs this year, monthly mortgage payments on the average priced home remain affordable for a household earning the average GTA income,” continued Ms. Usher.
The average selling price for November 2013 TorontoMLS transactions was $538,881 – up by 11.3 per cent in comparison to the average of $484,208 reported for November 2012.
The MLS® Home Price Index (HPI) Composite Benchmark was up by 5.7 per cent over the same period.
“Whether we consider the average TorontoMLS selling price or the MLS® HPI Composite Benchmark, annual home price growth remained well-above the rate of inflation in November.
This makes sense given the fact that competition between buyers increased last month. Transactions were up strongly year-over-year while the number of homes available for sale was down,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.
Greater Toronto REALTORS® are passionate about their work. They are governed by a strict Code of Ethics and share a state-of-the-art Multiple Listing Service. Over 36,000 TREB Members serve consumers in the Greater Toronto Area. The Toronto Real Estate Board is Canada’s largest real estate board.
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 click for larger image
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.
Summary of TorontoMLS Sales and Average Price
Sales by housing type
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
Update: The figures are in for 2012 and the average price was $479,000, I've updated the graph below to reflect these changes....stay tuned!
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 1989 real estate recession in the GTA and how long it took to recover from the drop in the average price from the peak price in February of 1989 to 2002
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
December
10, 2013 |
|||
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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