September Rounds Out a Strong Third Quarter

October 26, 2011 - Updated: October 26, 2011

 

October 5, 2011 -- Greater Toronto REALTORS� reported 7,658 transactions through the TorontoMLS� system in September – a 25 per cent increase over September 2010. Sales during the first three quarters of 2011 amounted to 70,588, representing a 2.6 per cent increase compared to the first nine months of 2010.

"We have experienced strong growth in sales so far this year, with a much more active summer compared to 2010. However, while sales have been strong, we have continued to experience a shortage of listings, resulting in more competition between home buyers," said Toronto Real Estate Board President Richard Silver.

"Over the past few months, the listing situation has started to improve, so we expect home buyers will have more homes to choose from in the months ahead." With annual growth in sales ( 25 per cent) outstripping annual growth in new listings ( 15 per cent) in September, market conditions became tighter and the average selling price continued to grow by close to 10 per cent on a year-over-year basis.

"Strong price growth through the first nine months of the year was mitigated to a great degree by low interest rates and rising incomes," said the Toronto Real Estate Board's Senior Manager of Market Analysis Jason Mercer. "As buyers continue to take advantage of the affordable home ownership options in the GTA, we remain on pace for the second best year for sales under the current TREB market area."

(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 September 30, 2011)

 

 

Area Listed Sales $ Volume Avg Sale Price Median Sale Price Avg Days on Market Avg % of Sale Price to List
E01 1192 702 $382,593,015 $545,004 $523,500 14 103
E02 1148 686 $429,445,967 $626,015 $545,000 14 101

 

CURRENT MONTH (Sept 1-30, 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 37 10 $654,750 $623,500 99
Semi-Detached Houses 53 42 $526,952 $529,000 103
Condo Apartment 39 10 $410,950 $398,500 100
Condo Townhse 9 4 $381,750 $345,000 100
Detached Condo - - - - -
Link - - - - -
Co-op Apartment - - - - -

Attached/Row/

Townhouse

14 13 $574,659 $571,000 109

 

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 46 31 $730,445 $710,000 101
Semi-Detached Houses 31 26 $544,908 $487,750 103
Condo Apartment 23 5 $438,600 $295,000 100
Condo Townhse 7 3 $512,300 $360,000 99
Detached Condo - - - - -
Link - - - - -
Co-op Apartment 0 1 $245,000 $245,000 94

Attached/Row/

Townhouse

7 10 $540,100 $547,000 100

 


Tagged with: market watch real estate news leslieville riverdale the beach
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