Downtown Toronto Luxury Condos » Statistics

Toronto Real Estate Board Market Update: GTA REALTORS® REPORT DECEMBER RESALE HOUSING MARKET FIGURES

Steven — Sat, 09 Jan 2010 02:10:42 +0000

TORONTO, January , 2010 — transactions in 2009 – Greater Toronto REALTORS® reported 87,308 MLS® a 17 per cent increase over 2008. This result included 5,541 sales in December. The 2009 result was in line with the healthy levels of sales experienced between 2004 and 2006, but lower than the record of 93,193 set in 2007.

“After a slow start to the year, existing home sales rebounded during the second half of 2009,” said TREB President Tom Lebour. “As consumer confidence improved, many households moved to take advantage of affordable home ownership opportunities in the GTA. The strong residential real estate sector was a key contributor to overall economic recovery in Canada.”

The average home price in 2009 climbed four per cent to $395,460. The average price for December transactions was $411,931.

“Market conditions became very tight in the latter half of 2009. Sales climbed strongly relative to the number of homes listed for sale, resulting in robust price growth that more than offset average price declines in the winter,” said Jason Mercer, TREB’s Senior Manager of Market Analysis. “A greater supply of listings in 2010 will see home prices grow at a sustainable pace.”

Source: TREB (Toronto Real Estate Board)

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Downtown Toronto Condos Statistics: C08 October 2008

Steven — Sat, 22 Nov 2008 16:42:50 +0000

Yesterday we took a look at C01 Stats, today we look at C08. I know there has been a lot of negative publicity lately about what is going on in the market. Keep in mind that 2007 was a record year for Toronto Real Estate in term of sales and selling price. Also keep in mind that 2006 was the previous record year for sales and selling price. Also last year saw a lot of sales at the end of the year because of the then incoming Toronto land transfer tax. When you start thinking about these things the Condo Market in C08 wasn’t so bad. The Average days on market are up, the units sold and average selling price are down a little.

Average Days on Market

Octobers Average days on market was 21.11, an increase of 8.25% over 2007. This is down 28.29% over October 2006.

Condo Units Sold

There were 79 condo units sold during October. This is down from 133 units sold in 2007 and 101 sold in 2006.

Average Selling Price

The average selling price was $335,189. This is down 1.13% over 2007′s average of $339,034 and an increase of 15.26% over 2006′s average of $290,810.

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Downtown Toronto Condos Statistics: C01 October 2008

Steven — Fri, 21 Nov 2008 20:31:17 +0000

With all the doom and gloom being reported in the media, you would think that prices would be dropping everywhere. Lets take a look at Toronto Real Estate Board’s districts C01. We are only looking at Condos and include all units sold during the month of October. There was a drop in units sold, and increase in days on market and an increase in the average selling price. Even though condo prices increased a little, buyers are now getting more time to make there decision.

Condo Units Sold

There were 154 units sold in October, down from 297 units sold in 2007 and 242 units sold in 2006.

Average Days on Market

The Average days on market in October was 32.24. This is up 49.76% over last Octobers and 11.09% over 2006.

Condo Average Selling Price

The average selling price for Condos in C01 during the month of October was $352,212. This is up 3.56% over last years $340,105. This is also up 12.33% over October 2006′s average price of $313,547.

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Downtown Toronto Condos Statistics MLS C08: August 2008

Steven — Sun, 21 Sep 2008 14:40:57 +0000

Today were taking alook at how the market did for the month August 2008. We are only looking a Downtown Toronto Condo Sales in the MLS district CO8. Last week we took a look at C01 stats, you can view them here: Downtown Toronto Condos Statistics: August 2008 MLS C01

Average Days on Market

The average days on market for August was 22.53 days, up 4.06% over august 2007.

Condos Unit Solds

August saw 88 units sold in C08, That is down from July’s 119 and also down from august 2008′s 115.

Average Selling Price C08

The average selling price for August is $317,014, This is up over August 2008′s average of $300,760. It is down from July’s selling price average of $337,880.

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Downtown Toronto Condos Statistics: August 2008 MLS C01

Steven — Wed, 17 Sep 2008 03:47:55 +0000

The below statictics are for Downtown Toronto Condos in MLS District C01 for the Month of August 2008. Watch in the next couple of weeks for August stats for Cityplace, Liberty Village, Waterpark City and other area’s in the downtown core.

Average Days on Market

The average days on market for August 2008 was 26.95 days, which is marginally higher over July.

Condos Units Sold

August saw 251 condo units sold, down from 333 units sold in July and down from 297 in August 2007.

Average Condo Selling Price

August 2008′s average selling price in Downtown Toronto C01 was $331,611, Down from $351, 016 in July. Interestingly the August 2007 Average Selling price was $331,631.

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