SINGLE FAMILY RESIDENTIAL BREAKDOWN
July 2009
GTA REALTORS® report resale record in July
8.5 %
TORONTO - Thursday, August 6, 2009
“The steep drop-off in sales2.3experienced 7.0 21.5 at the beginning of the year has0.3 all0.1 but dissipated,” explained Jason Mercer, TREB’s Senior Manager of Market Analysis. “With five months left to go 8.5 in the year, it is probable that total existing home sales in 2009 will be at 12.0 48.3 or above last year’s level.” %
%
“Households confident in their positioning within the current economic environment have taken advantage of housing affordability in the GTA,” said TREB President Tom Lebour. “The real estate sector has been one of the sectors making a positive contribution to economic growth in the GTA, not to mention Ontario and Canada more broadly.”
Median Price In July the median price was $339,900,
from
the
$325,000
recorded during July of 2008. n
Median
100000 2001
2002 2003
Dwelling Type
%
Sales
Median
Detached Single Detached 4,806 98
$422,750
Semi-Detached Semi Detached
$330,000
1,042
Condo Condo T.H. Townhouse Condo Apt. Apt Condo
%
%
99
846
98
$266,750
2,361
98
$260,000
Link Link
181
99
$326,000
Attached/Row Att/Row/Twnhouse
677
99
$320,000
Co-op Co-op Apt. Apt
40
96
$198,500
Detached Det CondoCondo
14
97
$372,500
Housing Market Indicators July 2008 Sales New Listings Active Listings* Days on Market
July 2009
7,806 14,830 26,543 33
9,967 12,174 16,915 31
%Change (28%) (-18%) (-36%) (-6%)
* All figures for single-family dwellings.
District Map ............................................................. 2 Price Category Breakdown......................................2 East District ............................................................. 3 West District ............................................................ 6 Toronto District ......................................................10 North District..........................................................12 Annual Summary ...................................................16 Single Family Comparison ....................................16
200000
2000
48.2 %
Inside
300000
1999
%
%
Annual Average and Median Price
0
%
%
Year-to-date sales, at 50,632 are down 1.2 per cent compared to the first seven months of 2008. Average
Average
10.5 %
price, at $385,808 is down by less than one-half of one per cent.
In July 2009, Greater Toronto REALTORS® reported a record 9,967 sales, up 28 per cent from July 2008. The average price for July transactions was $395,414 – up by six per cent compared to the same month last year.
400000
1.8 % 6.8% % 0.4 0.1 %
23.7 %
2004
2005
2006
2007
2008
2009