GTA REALTORS® Release Mid-Month March Resale Housing Figures

Greater Toronto Area REALTORS® reported 3,594 transactions through the TorontoMLS system during the first 14 days of March 2013

Greater Toronto Area REALTORS® reported 3,594 transactions through the TorontoMLS system during the first 14 days of March 2013 – down 11.5 per cent compared to the same period last year. The number of new listings was up by less than two per cent.

“With sales down and listings up slightly, the GTA market was better supplied in the first half of March compared to last year. This fact notwithstanding, there has been enough competition between buyers to promote moderate to strong upward pressure on average selling prices for most home types on an annual basis,” said Toronto Real Estate Board President Ann Hannah.

“The average price for condominium apartments in the City of Toronto was up over last year. If this price growth continues, it may indicate that conditions are tightening slightly in this segment,” added Ms. Hannah.

The average selling price for the first two weeks of March was up by almost six per cent year-over-year to $532,102. Average prices were up for all major home type categories.

“Due to tight supply, the average annual rate of price growth for singles, semis and towns continues to far outpace the rate of inflation. The condo apartment segment has been a mitigating factor, which is why our forecast for price growth in 2013 remains at approximately 3.5 per cent or $515,000 for all home types combined,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

Summary of TorontoMLS Sales and Average Price March 1 - 14

2013

2012

Sales

Average Price

New Listings

Sales

Average Price

New Listings

City of Toronto ("416")

1,384

$586,655

2,618

1,596

$554,788

2,741

Rest of GTA ("905")

2,210

$497,938

4,416

2,466

$469,154

4,178

GTA

3,594

$532,102

7,034

4,062

$502,800

6,919

TorontoMLS Sales & Average Price By Home Type March 1 - 14, 2013

Sales

Average Price

416

905

Total

416

905

Total

Detached

470

1,264

1,734

909,910

603,797

686,769

Yr./Yr. % Change

-13.8%

-11.5%

-12.2%

7.2%

7.7%

7.2%

Semi-Detached

140

246

386

622,044

398,328

479,469

Yr./Yr. % Change

-20.0%

-7.5%

-12.5%

12.2%

2.9%

5.7%

Townhouse

144

393

537

447,460

375,420

394,738

Yr./Yr. % Change

-10.0%

-9.9%

-9.9%

8.2%

6.8%

7.2%

Condo Apartment

619

255

874

368,715

274,080

341,104

Yr./Yr. % Change

-10.7%

-7.9%

-9.9%

1.9%

0.2%

1.3%

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.

Media Inquiries: Mary Gallagher, Senior Manager Public Affairs (416) 443-8158 maryg@trebnet.com

Recent Post

Related Posts Plugin for WordPress, Blogger...

2 comments:

course in real estate said...

Thank you very much for the information, it is very useful to me, and i hope you could continue provide this kind of information to benefit us.

Daisy Suites said...

This kind of post is always inspiring and I prefer to read quality content so I happy to find much good point here in the post.

Get Real Estate Tips

linkwithin...

About Us

Get Free Email Updates to your Inbox!

REAL ESTATE SNATCH is the independent real estate blog of Samir Safadi, Sales Representative of West-100 Metro View Realty Ltd, brokerage it is dedicated to covering Real Estate News, digital culture, social media and technology, providing analysis of trends, Market Data , reviewing new development. Offering Real Estate services resources and guides. Services are provided to prospective buyers and sellers of real estate by Samir Safadi, Sales Representative, West-100 Metro View Realty Ltd, brokerage, duly registered in the province of Ontario, under Real Estate and Business Brokers Act, 2002 (REBBA 2002) and Member in good standing with



©Copyright 2009-2017 REAL ESTATE SNATCH All Rights Reserved Registration on or use of this site constitutes acceptance of our

Search This Blog