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 Market Watch September 2000

News Release

Price Breakdown

Single Fam. Res

Year-to-Date Single Fam. Res.

Single Fam. East

Single Fam. Central

Single Fam. North

Single Fam. West

Annual MLS Sales

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Market Watch
For Further Information: 443-8152

Prices Up 8 per cent in September

Toronto -- Tuesday, October 3, 2000

Button - Number of MLS Sales
Button - Number of New MLS Listings
Button - Number of Active MLS Listings

Prices rose 8 per cent over August to $248,604, reaching their highest level since 1990, TREB President Marilyn Baubie reported today. They were also up 9 per cent from September of 1999. "After a summer lull, we're back into a seller's market," the President said.

The surprising price increase was driven by a September-record 4,857 sales, up 1 per cent from the 4,818 recorded in September 1999. However, Ms. Baubie went on to note that sales were off slightly (2 per cent) from the August figure of 4,961.

Breaking down the total 1,808 sales were reported in TREB's 28 West districts and averaged $227,574; 802 sales were reported in the 14 Central districts and averaged $363,601; 937 sales were reported in the 23 North districts and averaged $266,412; and 1,310 sales were reported in TREB's 21 East districts and averaged $194,488.

 

Neighbourhood Corner:
Rosedale

The upper-end Rosedale Market continued to strengthen in the past four months as compared to the summer of 1999. Based on 20 sales, the average price for detached homes increased 39% to $1,449,915 from $1,044,550. Meanwhile average time-on-market fell 18% to 42 days from last years 51.

 

Single-Family Residential Breakdown

    LegendPie Graph

     

    Dwelling Type

    Single Detached

    Semi Detached

    Condo T.H.

    Condo Apt.

    Link

    Attached/Row

    Co-op Apt.

    Detached Condo

    Sales

    2,490

    493

    474

    1,045

    137

    206

    8

    4

    Median

    $255,000

    207,000

    163,750

    153,000

    207,500

    195,500

    214,000

    200,000

     


     

    Housing Market Indicators

    September 1999

    September 2000

    % Change

    Sales*

    4,818

    4,857

    (+1%)

    Sales (P.O.T.)

    1,079

    976

    (-10%)

    New Listings*

    7,217

    8,215

    (+14%)

    Active Listings**

    17,280

    19,647

    (+14%)

     

    * Single-Family Dwellings Only
    ** Properties All Types including Single-Family Dwellings.


     

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GR 09/00