SINGLE FAMILY RESIDENTIAL BREAKDOWN
March 2010
1.7 % 7.3% % 0.2 0.1 %
23.1 %
Record First Quarter Sales 8.0 %
TORONTO - Tuesday, April 6, 2010 March. The number of new listings grew by 42 per cent compared to March of 2008.
Greater Toronto REALTORS® reported 10,430 sales through the Multiple Listing Service® (MLS®) in March, pushing total first quarter 2010 sales to 22,418 – the best result on record under the current Toronto Real Estate Board (TREB) boundaries. The average price for March transactions was $434,696. The average price for the first quarter was $427,948.
“The average home price in the GTA will continue to grow this year, 2.3 % 7.0 % % % 21.5 but the pace will slow as we 0.3 move 0.1 % through the spring,” said Jason Mercer, TREB’s Senior Manager of Market Analysis. “As growth in new 8.5 % listings starts to outstrip growth in sales, buyers will experience more choice, in more sustainable % % 12.0resulting 48.3 single digit rates of average price growth.”
“The strong rebound in the existing home market was one of the initial drivers of economic recovery,” said TREB President Tom Lebour. “While we don’t expect to see the same rates growth moving forward, GTA households will remain confident in ownership housing as a quality long-term investment, especially as economic recovery expands across all industries.”
Median Price In March, the median price was
$370,000,
from
March of 2009.
n
Median
300000 200000 100000 2000
2001
2002 2003
2004
Dwelling Type
Sales
%
Detached Single Detached 4,968 Semi-Detached Semi Detached
99
$458,000
1,241 101
$360,500
Condo Condo T.H. Townhouse Condo Apt. Apt Condo
Median
837
99
$285,000
2,411
99
$282,800
Link Link
177 101
$369,000
Attached/Row Att/Row/Twnhouse
765 100
$350,000
Co-op Co-op Apt. Apt
22 100
Detached Det CondoCondo
9
97
$222,500 $503,000
2005
2006
2007
Mar. 2009 Sales New Listings Active Listings* Days on Market
Mar. 2010
6,171 13,357 23,642 40
10,430 18,914 18,684 20
%Change (69%) (42%) (-21%) (-50%)
* All figures for single-family dwellings.
Inside 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
400000
0
the
$317,500 recorded during
Annual Average and Median Price
Average
47.6 %
Housing Market Indicators
The annual rate of growth for new listings continued to accelerate in
500000
11.9 %
2008
2009
2010