SINGLE FAMILY RESIDENTIAL BREAKDOWN
July 2010
Sales and New Listings Down, Average Price up in July 8.4 %
TORONTO - Thursday, August 5, 2010 over July 2009. Over the first seven months of 2010, the average selling price was up 12 per cent annually to $432,253.
Greater Toronto REALTORS® reported 6,564 sales in July – a 34 per cent dip from the record 9,967 sales reported in July 2009. New listings, at 10,825, dropped to the lowest level for the month of July since 2002.
Total sales through the first seven months of 2010 were up 12 per cent compared to the same period in 2009.
Median Price In July, the median price
Notwithstanding the fact that price trends vary at the neighbourhood level in GTA, the average price for July transactions was $420,482, representing a six per cent increase
was
$361,000,
from
Average
July of 2009.
n
Median
300000 200000 100000 2000
2001
2002 2003
2004
2005
2006
2007
47.7 %
Dwelling Type
Sales
Detached Single Detached 3,133
97 $450,500
Semi-Detached Semi Detached
98 $355,000
721
Condo Condo T.H. Townhouse Condo Apt. Apt Condo
552 97 $275,000 1,551 97 $279,900
Link Link
113 98 $365,000
Attached/Row Att/Row/Twnhouse 470 Co-op Co-op Apt. Apt Detached Det Condo Condo
% Median
98 $345,000
20
96 $201,750
4
98 $270,000
Housing Market Indicators July 2009
Sales New Listings Active Listings* Days on Market
July 2010 %Change
9,967 12,174 16,915 31
6,564 (-34%) 10,825 (-11%) 21,714 (28%) 33 (6%)
* 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
$339,900 recorded during
Annual Average and Median Price
500000
11.0 %
“Market conditions promoting 2.3 % 7.0 % % growth in21.5 the% average selling0.3price 0.1 % have remained in place. While July sales were down compared to last year, the number of new 8.5 % listings in the marketplace also fell. This means there was enough competition between buyers to % 48.3 % exert 12.0 upward pressure on price,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.
“The level of July sales remained below the expected long-term trend. The market has become more balanced following record monthly sales through most of the winter and early spring,” said Toronto Real Estate Board (TREB) President Bill Johnston.
1.7 % 7.2% % 0.3 0.1 %
23.6 %
2008
2009
2010