Market Watch April 2010

Page 1

SINGLE FAMILY RESIDENTIAL BREAKDOWN

April 2010

April Experiences Record Number of Buyers and Sellers 8.0 %

TORONTO - Wednesday, May 5, 2010 The average price for April transactions was $437,600 – up 13 per cent compared to the average of $385,641 recorded in April 2009.

Greater Toronto REALTORS® reported 10,898 sales through the Multiple Listing Service® (MLS®) in April, representing a 34 per cent increase compared to April 2009. There were also 20,683 new listings in April – a 59 per cent annual increase. Both the sales and new listings results amounted to new records for the month of April under the current Toronto Real Estate Board (TREB) boundaries.

“Home sales continue 2.3 to %be driven 7.0 % % % 21.5 by many different segments 0.3 of 0.1 the % market, with sales growth for all major home types in both the City of Toronto and surrounding 905 8.5 % regions,” said Jason Mercer, TREB’s Senior Manager of Market Analysis. “Home will remain strong in % % 12.0 sales 48.3 the second half of 2010, but will slip from the current record pace as borrowing costs rise.”

“The GTA resale market is functioning properly. Sales were high as buyers continued to take advantage of affordable home ownership opportunities. Listings grew as home owners reacted to strong sales and price growth,” said Toronto Real Estate Board President Tom Lebour. “More balanced market conditions will result in sustainable rates of annual price growth in the second half of 2010.”

Median Price In April, the median price was

$373,000,

from

Average

April of 2009.

n

Median

300000 200000 100000 2000

2001

2002 2003

2004

2005

2006

2007

11.9 %

48.3 %

Dwelling Type

Sales

%

Detached Single Detached 5,263 Semi-Detached Semi Detached

Median

99

$462,000

1,299 100

$374,000

Condo Condo T.H. Townhouse

869

99

$277,000

2,468

99

$279,000

Link Link

201

99

$355,000

Attached/Row Att/Row/Twnhouse

758 100

$350,000

Condo Apt. Apt Condo

Co-op Co-op Apt. Apt

28 100

$208,500

Detached Det CondoCondo

12

$322,500

98

Housing Market Indicators Apr. 2009 Sales New Listings Active Listings* Days on Market

Apr. 2010

8,107 12,995 23,515 37

10,898 20,683 22,951 21

%Change (34%) (59%) (-2%) (-43%)

* 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

$330,000 recorded during

Annual Average and Median Price

500000

1.8 % 7.0% % 0.3 0.1 %

22.6 %

2008

2009

2010


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Market Watch April 2010 by Keller Williams Referred Realty - Issuu