Posted by: torontocondo | May 17, 2013

Toronto Home Prices Up Mid-May,Sales Slump

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.


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