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