GTA REALTORS® RELEASE MID-MONTH RESALE HOUSING FIGURES
TORONTO,
January 16, 2013 – Greater Toronto REALTORS® reported 1,469 sales through the TorontoMLS system during the first two weeks of January 2013. This result represented an increase of 2.4 per cent over the 1,435 transactions reported during the same period in 2012.
"The New Year started off on a positive note with residential sales slightly above last year’s levels,” said Toronto Real Estate Board (TREB) President Ann Hannah. “I am cautiously optimistic about this result. It will be important to watch sales trends closely as we move through the first quarter to see if some of the households who moved to the sidelines as a result of stricter lending guidelines are starting to renew their decision to purchase a home.”
The average selling price during the first 14 days of 2013 was by up by four per cent on a year-over-year basis to $459,728.
“Continuing the trend from 2012, the low-rise segment of the market experienced the strongest price growth as competition between buyers remained quite strong,” said Jason Mercer, TREB’s Senior Manager of Market Analysis. “The average selling price is expected to grow in 2013, but at a slower pace as buyers benefit from more choice.”
Toronto MLS Average Sales by Home Type:
January 1 to 14, 2013
Sales of Detached (416) 146 (Average Price) $720 759 (905) 511 (Average Price) $549 015 (Total Sold in GTA) 657 (Total Average of GTA Sales) $587 180 - Total Increase (from 2012) of 4.3%
Sales Semi Det. (416) 42 (Average Price) $502 546 (905) 114 (Average Price) $408 968 (Total Sold in GTA) 156 (Total Average of GTA Sales) $434 162 - Total Increase (from 2012) of 11.5%
Sales of Townhoues (416) 65 (Average Price) $414 550 (905) 177 (Average Price) $357 154 (Total Sold in GTA) 242 (Total Average of GTA Sales) $372 570 - Total Increase (from 2012) of 4.5%
Sales Condo's (416) 273 (Average Price) $337 624 (905) 115 (Average Price) $260 434 (Total Sold in GTA) 388 (Total Average of GTA Sales) $314 745 - Total Increase (from) of -3.3$
Any time you would like a snap shot of your particular neighborhood, please feel free to email me, I'll be glad to help!
Nicole Kreutzberg, email nicole@gtalisted.com
Realtor, Sutton Group Assurance
Original Blog can be found at:
Toronto MLS Average Sales by Home Type January 2013 | Blog | Nicole Kreutzberg & Laszlo Koos
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