SINGLE FAMILY RESIDENTIAL BREAKDOWN
January 2010
1.3 % 7.4% % 0.3 0.1 %
26.4 %
Sales Start Off Strong in 2010 7.4 %
TORONTO - Wednesday, February 3, 2010 Greater Toronto REALTORS® reported 4,986 transactions through the Multiple Listing Service (MLS®) in January 2010. This result represented a large increase over the 2,670 sales in January 2009 when the home sales were in a recessionary trough. Last month’s sales were slightly higher than the January average in the five years preceding 2009.
The average home selling price in January 2010 climbed 19 per cent to $409,058, compared to 343,632 in the same month last year. “Expect strong annual 2.3 growth rates % 7.0 % % % 0.3 21.5 for existing home sales and average 0.1 % price through the first quarter as we continue to make comparisons to the8.5weak market conditions at the % beginning of 2009,” said Jason Mercer, TREB’s Senior Manager of % 12.0Analysis. Market “The rate of sales 48.3 % and price growth will be lower in the second half of 2010.”
“The GTA housing market has rebounded well from the lows in sales experienced at the beginning of 2009. Sales climbed back to healthy levels across the GTA because the cost of home ownership remained affordable in the Toronto area,” said TREB President Tom Lebour. “Increasingly confident consumers moved to take advantage of affordable home ownership.”
Median Price In January, the median price was
$350,000,
from
Average
January of 2009.
Median
200000 100000 2001
2002 2003
2004
Sales
%
Detached Single Detached 2,314 Semi-Detached Semi Detached
Condo Condo T.H. Townhouse Condo Apt. Apt Condo
Median
99
$445,000
529 100
$345,500
99
$272,000
1,318 99
370
$270,000
Link Link
67
Attached/Row Att/Row/Twnhouse Co-op Co-op Apt. Apt Detached Det CondoCondo
99
370 100
$347,200 $328,500
14
98
$178,500
4
97
$272,500
Housing Market Indicators Jan. 2009 Sales New Listings Active Listings* Days on Market
Jan. 2010
2,670 10,360 20,450 49
4,986 10,021 12,052 28
%Change (87%) (-3%) (-41%) (-43%)
* All figures for single-family dwellings.
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
300000
2000
Dwelling Type
Inside
n
400000
0
46.4 %
$303,000 recorded during
Annual Average and Median Price
500000
the
10.6 %
2005
2006
2007
2008
2009
2010