GTA REALTORS® Release Mid-Month Resale Housing Figures For April



Greater Toronto REALTORS® reported 4,260 sales through the TorontoMLS system during the first 14 days of April
Greater Toronto REALTORS® reported 4,260 sales through the TorontoMLS system during the first 14 days of April, representing a slight dip of less than one per cent compared to the same period in 2012. The reported sales figure did benefit from one extra working day compared to last year, because Good Friday in 2012 fell in April.

“April sales to date, which were driven by strong growth in single-detached home sales in the regions surrounding Toronto, represent a positive start to the spring market. Because market conditions have remained tight, we continue to see average price growth well above the rate of inflation for many home types,” said Toronto Real Estate Board President Ann Hannah.

The average selling price for April mid-month sales was $527,397 – up 4.3 per cent compared to $505,617 in 2012. Rates of average price growth were similar for the City of Toronto and the surrounding regions under the TREB market area.

“The annual rate of price growth so far in April is actually above TREB’s forecast of 3.5 per cent for 2013. Strong growth in the average condo apartment price in the City of Toronto was a key driver in this regard,” said Jason Mercer, the Toronto Real Estate Board’s Senior Manager of Market Analysis.

Summary of TorontoMLS Sales and Average Price April 1 - 14

2013

2012

Sales

Average Price

New Listings

Sales

Average Price

New Listings

City of Toronto ("416")

1,565

$578,327

3,405

1,638

$553,032

2,809

Rest of GTA ("905")

2,695

$497,821

5,365

2,655

$476,364

4,771

GTA

4,260

$527,397

8,770

4,293

$505,617

7,580

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

Sales

Average Price

416

905

Total

416

905

Total

Detached

561

1,596

2,157

847,793

589,985

657,036

Yr./Yr. % Change

-3.4%

6.8%

3.9%

5.0%

3.7%

3.4%

Semi-Detached

184

287

471

599,147

411,948

485,079

Yr./Yr. % Change

-3.2%

-2.7%

-2.9%

4.2%

5.4%

4.8%

Townhouse

167

506

673

405,690

374,598

382,313

Yr./Yr. % Change

-3.5%

-1.9%

-2.3%

-4.5%

2.8%

0.7%

Condo Apartment

640

247

887

386,602

271,777

354,627

Yr./Yr. % Change

-4.3%

-9.5%

-5.8%

5.9%

-6.6%

3.2%



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

Follow REALESTATESNATCH On Twitter and Facebook!




Read more from REAL ESTATE SNATCH Post blog:




Related Posts Plugin for WordPress, Blogger...

No comments:

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