Average Selling Price Up in February

March 22, 2011 - Updated: March 22, 2011

March 3, 2011 -- Greater Toronto REALTORS® reported 6,266 transactions through the TorontoMLS® system in February 2011. This result was 14 per cent lower than the record sales reported in February 2010.  While not representing a record, February 2011 sales were 50 per cent higher than the number reported in February 2009 during the recession and slightly higher than the average February sales over the previous ten years.

"Continued improvement in the GTA economy, including growth in jobs and incomes and a declining unemployment rate, has kept the demand for ownership housing strong," said Toronto Real Estate Board (TREB) President Bill Johnston.

The average selling price for February 2011 transactions was $454,423, which was more than five per cent higher than the average selling price reported in February 2010.

"Market conditions remain quite tight in the GTA. There is enough competition between home buyers to promote continued price growth," said Jason Mercer, TREB's Senior Manager of Market Analysis.

 

Median Price
Median Price In February, the median price was $379,000, from the $366,300 recorded during February of 2010.

(Source: Market Watch - Toronto Real Estate Board)

 

Here are the latest stats for:

E01 - Leslieville (DVP to Coxwell & Lake Ontario to Danforth Ave)

E02 - The Beach (Coxwell to Victoria Park & Lake Ontario to Danforth Ave)

 

YEAR-TO-DATE  (ending February 28, 2011)

 

Area Listed Sales $ Volume Avg Sale Price Median Sale Price Avg Days on Market Avg % of Sale Price to List
E01 193 102 $53,159,911 $521,176 $499,750 20 102
E02 171 84 $50,299,526 $598,804 $519,469 20 101
E06 142 83 $36,168,780 $435,768 $360,000 24 99

 

CURRENT MONTH (February 1-28, 2011)

 

E01 - Leslieville (DVP to Coxwell & Lake Ontario to Danforth Ave)

 

Type of Housing Active Listings # of Sales Average Sale Price Median Sale Price % of Sale Price to List Price
Detached Houses 18 21 $603,465 $580,000 101
Semi-Detached Houses 33 29 $567,882 $535,000 104
Condo Apartment 21 7 $391,200 $349,000 101
Condo Townhse 11 4 $369,325 $348,000 100
Detached Condo - 1 $515,000 $515,000 99
Link - - - - -
Co-op Apartment - - - - -

Attached/Row/

Townhouse

12 7 $454,728 $405,000 103

 

 

E02 - The Beach (Coxwell to Victoria Park & Lake Ontario to Danforth Ave)

 

Type of Housing Active Listings # of Sales Average Sale Price Median Sale Price % of Sale Price to List Price
Detached Houses 32 25 $711,344 $629,900 101
Semi-Detached Houses 26 25 $544,545 $510,000 102
Condo Apartment 13 4 $443,225 $351,000 99
Condo Townhse 7 - - - -
Detached Condo - - - - -
Link - - - - -
Co-op Apartment 3 - - - -

Attached/Row/

Townhouse

11 6 $424,967 $432,500 98

 


Tagged with: toronto the beach riverside riverdale leslieville resale
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