Toronto Bay Street Condos
Toronto Home And Condo resales were in positive territory mid-month this October.
The average resale price of a fully detached home in Toronto’s 416 area was $754,240 up 3 per cent from the same time last year.
Toronto Townhouses increased to an average price of $461,112, up 16 per cent.
Toronto Condos saw a 10 per cent increase to an average price of $369,528, up 10 per cent.
Below are Toronto MLS Sales @ Average Price by Home Type.
TORONTO, October 18, 2011 — Greater Toronto REALTORS® reported 3,477 transactions through the TorontoMLS® system during the first 14 days of October 2011.
This total represented a 20 per cent increase over 2,890 sales reported during the first two weeks of October 2010. Year-over-year growth in new listings for the same period was slightly stronger than that recorded for sales – up 21 per cent to 6,249.
“The first two weeks of October seem to be pointing towards more balanced market conditions as we move toward 2012. Growth in new listings outstripped growth in sales, meaning more choice for buyers,” said Toronto Real Estate Board President Richard Silver.
”A growing number of home owners are reacting to the above average price growth reported this year and have decided to list their home for sale. They are confident they will receive timely offers in line with their asking prices.”
The average selling price during the first two weeks of October was $475,743 – up 7.5 per cent compared to the same period in 2010.
“The average resale home price is expected to grow at a slower pace in the months ahead because the market is becoming better supplied.
There will be less competition between home buyers as we move through the fall and winter.” said Jason Mercer, the Toronto Real Estate Board’s Senior Manager of Market Analysis. “With a more balanced market in 2012, the average rate of annual price growth is expected to be in the mid single digits.”
| Summary of TorontoMLS® Sales and Average Price October 1 – 14 | |||||||||||
| 2011 | 2010 | ||||||||||
| Sales | Average Price | Sales | Average Price | ||||||||
|
City of Toronto (“416″) |
1,408 | $524,553 | 1,237 | $499,740 | |||||||
|
Rest of GTA (“905″) |
2,069 | $442,527 | 1,653 | $400,088 | |||||||
|
GTA |
3,477 | $475,743 | 2,890 | $442,742 | |||||||
| TorontoMLS® Sales & Average Price By Home Type | |||||||||||
| Sales | Average Price | ||||||||||
| 416 | 905 | Total | 416 | 905 | Total | ||||||
|
Detached |
450 | 1,143 | 1,593 | 754,240 | 530,339 | 593,588 | |||||
|
Yr./Yr. % Change |
2% | 24% | 17% | 3% | 10% | 6% | |||||
|
Semi-Detached |
183 | 245 | 428 | 545,995 | 364,649 | 442,188 | |||||
|
Yr./Yr. % Change |
33% | 41% | 37% | 11% | 7% | 9% | |||||
|
Townhouse |
151 | 372 | 523 | 461,112 | 343,510 | 377,464 | |||||
|
Yr./Yr. % Change |
23% | 18% | 20% | 16% | 12% | 13% | |||||
|
Condo Apartment |
609 | 251 | 860 | 369,528 | 272,190 | 341,119 | |||||
|
Yr./Yr. % Change |
16% | 22% | 18% | 10% | 10% | 10% | |||||
Related:
Toronto Condos Bay And College
