Toronto Home sales dropped again mid-May but the average Toronto Home price increased by 5.4 per cent to $543,838.
Toronto Downtown Condos held their own with an average price of $377,341, up 2.1 per cent in the 416 area.
The biggest gain in average price was Semi-Detached Toronto Homes, up 5.5 per cent to $630,984.
| Summary of Toronto MLS Sales and Average Price – May 1 – 14 | |||||||||||
| 2013 | 2012 | ||||||||||
| Sales | Average Price | New Listings | Sales | Average Price | New Listings | ||||||
| City of Toronto (“416″) | 1,685 | $594,789 | 3,499 | 1,901 | $573,137 | 3,767 | |||||
| Rest of GTA (“905″) | 2,791 | $513,077 | 5,661 | 3,054 | $480,578 | 5,089 | |||||
| GTA | 4,476 | $543,838 | 9,160 | 4,955 | $516,089 | 8,856 | |||||
| Toronto MLS Sales & Average Price By Home Type – May 1 – 14, 2013 | |||||||||||||
| Sales | Average Price | ||||||||||||
| 416 | 905 | Total | 416 | 905 | Total | ||||||||
| Detached | 626 | 1,618 | 2,244 | 855,334 | 615,563 | 682,451 | |||||||
| Yr./Yr. % Change | -6.7 | % | -7.8 | % | -7.5 | % | 2.0 | % | 7.5 | % | 5.6 | % | |
| Semi-Detached | 202 | 302 | 504 | 630,984 | 414,835 | 501,466 | |||||||
| Yr./Yr. % Change | -6.0 | % | -7.6 | % | -7.0 | % | 5.5 | % | 3.2 | % | 4.5 | % | |
| Townhouse | 181 | 511 | 692 | 457,666 | 384,298 | 403,489 | |||||||
| Yr./Yr. % Change | -21.3 | % | -9.6 | % | -13.0 | % | -2.3 | % | 7.1 | % | 3.3 | % | |
| Toronto Condos | 661 | 281 | 942 | 377,341 | 285,851 | 350,050 | |||||||
| Yr./Yr. % Change | -13.6 | % | -11.6 | % | -13.0 | % | 2.1 | % | -1.4 | % | 1.1 | % | |
Iris Li, is a Toronto Remax Condos Realtor who specializes in Toronto downtown Condos, Condominiums and Lofts.
