Second Best March on Record for Toronto Resale Home Sales

April 17, 2011 - Updated: April 17, 2011

April 5, 2011 -- Greater Toronto REALTORS® reported 9,262 transactions through the TorontoMLS® system in March 2011, representing the second best March result on record. The number of transactions was 11 per cent lower than the record result reported in March 2010.

"The strong home sales reported in March and throughout the first quarter of 2011 have been based on a solid affordability picture and improving economic conditions in the GTA and country-wide," said Toronto Real Estate Board (TREB) President Bill Johnston.

The average selling price for March 2011 was up five per cent year-over-year to $456,147. The strongest average annual price growth was reported for condominium apartments and semi-detached houses, at approximately seven per cent for both home types.

"Market conditions were tighter in March compared to last year. With more competition between buyers, we have seen a strong but sustainable rate of price growth," said Jason Mercer, TREB's Senior Manager of Market Analysis.

Median Price
In March, the median price was $385,000, from the $370,000 recorded during March 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 March 31, 2011)

 

 

 

Area Listed Sales $ Volume Avg Sale Price Median Sale Price Avg Days on Market Avg % of Sale Price to List
E01 342 197 $101,989,838 $517,715 $501,000 15 103
E02 323 177 $109,496,708 $618,625 $537,000 17 100

 

CURRENT MONTH (March 1-31, 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 24 19 $616,594 $625,000 105
Semi-Detached Houses 52 42 $523,046 $500,500 106
Condo Apartment 17 14 $397,686 $399,000 101
Condo Townhse 8 6 $378,583 $348,250 99
Detached Condo - - - - -
Link - - - - -
Co-op Apartment - - - - -

Attached/Row/

Townhouse

8 14 $521,971 $520,550 106

 

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 36 34 $845,703 $795,000 100
Semi-Detached Houses 32 35 $524,062 $492,500 102
Condo Apartment 11 11 $457,318 $395,000 98
Condo Townhse 7 5 $645,000 $552,000 98
Detached Condo - - - - -
Link - - - - -
Co-op Apartment 4 1 $318,000 $318,000 96

Attached/Row/

Townhouse

11 8 $492,200 $500,800 99

 


Tagged with: resale homes sale numbers e01 e02 leslieville riverdale riverside beach toronto
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