GTA REALTORS® RESALE HOUSING MID-MONTH FIGURES
Posted by: Toronto Real Estate Admin / Category: Toronto Realtor
GTA REALTORS® RESALE HOUSING MID-MONTH FIGURES
TORONTO, November 18, 2013 — Greater Toronto Area
REALTORS® reported 3,131 residential transactions through the TorontoMLS system
during the first two weeks of November 2013. This result represented a 21 per cent year-over-year
increase compared to 2,582 sales reported during the same timeframe in
2012. Over the same period, new
listings were down by more than four per cent.
“The
results for mid-November indicate that GTA households remain comfortable with
the costs of home ownership,” said Toronto Real Estate Board President
Dianne Usher. “If not for the
persistent shortage of listings for most home types, we would likely be
experiencing an even higher level of sales as more buyers would be able to make
a deal on a home meeting their needs.”
The
average selling price for November 2013 mid-month transactions was $538,708,
representing an 11 per cent increase compared to $485,988 in 2012.
“More
buyers competing for a smaller number of listings has translated into an
accelerating pace of price growth. This theme has been most prevalent in the low-rise market segment,
including single-detached and semi-detached houses and townhomes. However, it is
important to note that the condominium apartment market has also become
tighter,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.
TorontoMLS Sales Average Price By Home Type November 1 – 14, 2013
Sales
Average Price
416
905
Total
416
905
Total
Detached
468
1,067
1,535
845,883
595,545
671,869
Yr./Yr. % Change
43.1%
19.5%
25.8%
11.5%
7.7%
10.5%
Semi-Detached
133
202
335
662,447
427,599
520,837
Yr./Yr. % Change
6.4%
24.7%
16.7%
10.9%
10.1%
8.6%
Townhouse
125
352
477
477,096
378,518
404,351
Yr./Yr. % Change
5.9%
20.1%
16.1%
9.3%
6.9%
7.0%
Condo Apartment
526
205
731
395,865
274,664
361,876
Yr./Yr. % Change
19.8%
15.8%
18.7%
14.1%
-0.6%
10.8%
Summary of TorontoMLS Sales and Average Price November 1 -
14
2013
2012
Sales
Average Price
New Listings
Sales
Average Price
New Listings
City of Toronto (“416″)
1,259
$598,924
2,049
1,025
$518,825
2,196
Rest of GTA (“905″)
1,872
$498,210
2,941
1,557
$464,371
3,018
GTA
3,131
$538,708
4,990
2,582
$485,988
5,214
For information about Buyer Representation Agreements
(BRA) visit www.BRAFirst.ca
For Media/Public Inquiries: Mary Gallagher, Senior
Manager Media Relations.
Toronto
Real Estate Board 1400 Don Mills Road Toronto, ON M3B 3N1, Office: (416)
443-8158, Email:maryg@trebnet.com
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 37,000 Members in the Greater Toronto Area,
the Toronto Real Estate Board is Canadas largest real estate board. Greater
Toronto Area open house listings are available on www.TorontoRealEstateBoard.com
Article source: http://www.torontorealestateboard.com/market_news/release_market_updates/news2013/nr_mid_month_1113.htm
Tags: Toronto Realtor