TORONTO, ONTARIO–(Marketwire – Mar 3, 2011) - Greater Toronto REALTORS® reported 6,266 exchange by the TorontoMLS® complement in Feb 2011. This outcome was fourteen per cent reduce than the jot down sales reported in Feb 2010.
While not representing a record, Feb 2011 sales were 50 per cent aloft than the series reported in Feb 2009 during the retrogression and somewhat aloft than the normal Feb sales over the prior ten years.
“Continued alleviation in the GTA economy, together with expansion in jobs and incomes and a disappearing stagnation rate, has kept the direct for tenure housing strong,” pronounced Toronto Real Estate Board (TREB) President Bill Johnston.
The normal offered cost for Feb 2011 exchange was $454,423, that was some-more than 5 per cent aloft than the normal offered cost reported in Feb 2010.
“Market conditions sojourn utterly parsimonious in the GTA. There is sufficient foe in between home buyers to foster one after another cost growth,” pronounced Jason Mercer, TREB’s Senior Manager of Market Analysis.
Summary Of Feb Sales And Average Price
February
2011
2010
Sales
Average Price
Sales
Average Price
City of Toronto (“416″)
2,577
$497,481
2,891
$475,579
Rest of GTA (“905″)
3,689
$424,345
4,400
$402,553
GTA
6,266
$454,423
7,291
$431,509
Source: Toronto Real Estate Board
Sales & Average Price By Home Type
Feb 2011
Sales
Average Price
416
905
Total
416
905
Total
Detached
840
2,042
2,882
727,140
516,564
577,940
Yr./Yr. % Change
-12%
-18%
-16%
6%
8%
8%
Semi-Detached
269
418
687
522,768
350,780
418,124
Yr./Yr. % Change
-17%
-19%
-19%
4%
4%
4%
Townhouse
283
704
987
390,307
312,336
334,692
Yr./Yr. % Change
-3%
-9%
-7%
-3%
2%
1%
Condo Apartment
1,158
439
1,597
355,615
260,279
329,408
Yr./Yr. % Change
-10%
-12%
-11%
6%
2%
6%
Source: Toronto Real Estate Board
Greater Toronto REALTORS® have been ardent about their work. They belong to a despotic Code of Ethics and share a state-of-the-art Multiple Listing Service. Serving over 31,000 Members in the Greater Toronto Area, the Toronto Real Estate Board is Canada’s largest genuine estate board. Greater Toronto Area open residence listings have been right away accessible on www.TorontoRealEstateBoard.com.
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