Market Watch January 2011

Page 1

SINGLE FAMILY RESIDENTIAL BREAKDOWN

January 2011

1.7 % 7.0% % 0.4 0.1 %

26.8 %

Good Start to 2011

7.7 %

TORONTO - February 4, 2011

%

21.5 %

Median Price In January, the median price was $360,000, from the $350,000 recorded during January of 2010.

The average selling price for January 2011 sales was $427,037, representing an

Median

400000 300000 200000 100000 0

2001

2002

2003 2004

2005

2006

2007

2008

Detached Single Detached 1,971

98 $455,000 99 $365,000

Condo Apt. Apt Condo

470

336 98 $281,500 1,163

Link Link

97 $280,000

72 98 $323,500

Attached/Row Att/Row/Twnhouse 303 %

% Median

Co-op Co-op Apt. Apt Detached Det Condo Condo

99 $346,000

17

96 $180,000

5

98 $440,000

Housing Market Indicators AuguNovJan. 2010 Jan. 2011 %Change Sales New Listings Active Listings* Days on Market

4,986 10,021 12,052 28

4,337 (-13%) 9,008 (-10%) 12,152 (1%) 36 (29%)

* 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

Annual Average and Median Price

Average

Sales

Semi-Detached Semi Detached

Condo Condo T.H. Townhouse

%

%

45.4 %

Dwelling Type

7.0 % % 0.3 0.1 %

“The average selling price is expected to grow at a moderate pace in 2011. Growth rates in 8.5 the three to five per cent range will be sustainable from an 12.0 affordability perspective,” said 48.3 Jason Mercer, TREB’s Senior Manager of Market Analysis.

“While off the record pace experienced a year ago, the GTA resale market has started the year on a solid footing. Home buyers in Toronto and surrounding areas continue to benefit from a diversity of housing types for sale at many different price points,” said TREB President Bill Johnston.

500000

10.8 %

increase of over four per cent compared to the average of $409,058 reported in January 2010. 2.3

Greater Toronto REALTORS® reported 4,337 transactions through the TorontoMLS® system in January 2011. This result was 13 per cent lower than the record result reported in January 2010.

2009

2010

2011


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