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TREB (Toronto Real Estate Board) Average Single Family Historical Home Prices and trends for Toronto and Mississauga



Graph of TREB Prices

Monthly Price comparison

Average Price Prediction

 

TREB Average prices for Toronto and Mississauga, Single Family Homes - average price trends for real estate in mississauga ontario

Report on last months News

GTA Resale Housing Sales Up
GTA REALTORS® Report Resale Market Figures

In this Issue of my newsletter

Report as of May 2011!

The average prices and the number of sales, once again, both were very strong last month.

See Average Prices in the GTA

 

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

This is the latest report from the Toronto Real Estate Board on April resale housing prices and sales volumes

GTA REALTORS® REPORT MONTHLY RESALE HOUSING FIGURES

TORONTO, May 4, 2011 -- Greater Toronto REALTORS® reported 9,041 existing home sales through the TorontoMLS® system in April 2011.

This result was down 17 per cent compared April 2010 when sales spiked to a new record of 10,898.

While off last year’s record result, April 2011 sales were in line with the average April sales level reported over the previous five years.

“Existing home sales have been strong from a historic perspective through the first four months of 2011.

Expect the pace of sales to remain robust through the spring, as the economy expands and home buyers continue to benefit from affordable home ownership opportunities,” said Toronto Real Estate Board (TREB) President Bill Johnston.

Market conditions tightened markedly over the last year. April 2011 sales accounted for 62 per cent of new listings during the month – up substantially from 53 per cent in April 2010. Tighter conditions resulted in the average April selling price growing by nine per cent annually to $477,407.

“The number of listings has been below expectations so far this year. Increased competition between home buyers has led to an accelerating annual rate of price growth,” said Jason Mercer, TREB’s Senior Manager of Market Analysis. “The strong price growth experienced in April should result in more listings and more balanced market conditions.”

Median Price
In April, the median price was $402,000, from the $373,000 recorded during April of 2010.

In March, the median price was $385,000, from the $370,000 recorded during March of 2010.


I hope this finds you Happy and Healthy!

All the Best!

Mark

summary of GTA resale homes sales and average price

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

housing market indicators

SUMMARY OF SALES AND AVERAGE PRICE 2011 click for larger image

summary of sales and average prices for last month on TREB

 

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.

Below is a Graph showing TREB Historical Average Price Data

Click this graph to see large graph of TREB Average prices for Toronto and Mississauga, Single Family Homes - Mark Argentino Real Estate Toronto mississauga, Realtor, Real Estate Agent, Broker,Buyers Representative

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

Mississauga District Prices

If the average single family residential price in the GTA continues to increase at 4% per year, the average price would be over $500,000 by 2015 and by 2020 the average price will be over $600,000!

 

TREB Average Price Estimate at 4% increase per year until 2020

Current Average price for a single family home in the GTA is $427,000

Estimated average price by year 2015 is $525,000!

By 2020 average price estimate is $638,000!

Of course these are only estimates, but it shows that if the current trend continues prices will be well over $600,000 by 2020

When I first made this graph in 2007, the data showed that if Average prices continued to increase from end of 2007 at 4% per year, the average price would be over $475,000 in 6 years ( 2013)  Now the data shows $485,000 for 2013!
In the beginning of 2007 I made the same graph below and if Average prices continued to increase from 2006 at 4% per year, the average price would be over $460,000 in 7 years ( 2013)
The graph below is one that I made about a year ago and shows how times have changed in 2 years

TREB Average Price Estimate at 4% increase per year for next 7 years

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

last real estate recesssion GTA Toronto

 


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

what they sold for in April 2011August 2010

August 2010 what they sold for last month

August of 2008

from August of 2008 graphical representation of the percentage of homes selling in each of the price ranges shown TREB Average prices for Toronto and Mississauga, Single Family Homes

 

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

weekly sales report 2010 November

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

Mississauga January 2008

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 2006

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.

Mississauga 2005

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.

Neighbourhood Corner January 2004 for Mississauga

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.

Neighbourhood Corner Information - Mississauga (from January 2003)

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.

 

Archived issues of my TREB Market Watch reports

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Mississauga MLS Real Estate Properties & MLS.CA Homes for Sale  | All Pages including Mississauga Real Estate Blog all maintained by info@mississauga4sale.com Copyright © A. Mark Argentino, P.Eng., Broker, RE/MAX Realty Specialists Inc., Brokerage, Mississauga, Ontario, Canada L5M 7A1 (905) 828-3434  Google  First created - Tuesday, July 16th, 1996 at 3:48:41 PM - Last Update of this website: Tuesday, August 1, 2017 8:30 AM
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