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 Market Watch October 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 Level Off in October

Toronto -- Thursday, November 2, 2000

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

After climbing 8% in September, average home prices stabilized at $245,321 in October, down 1% from the previous month but up 6% from the $230, 864 recorded at the same time last year, TREB President Marilyn Baubie announced today.

In addition, the President noted that sales were down minimally from both last month and last year when October saw 4,767 sales through the MLS system. "Although the market seems to have slowed modestly, it should be noted that seasonal factors and the fact that we are comparing current statistics to two years of record setting sales have influenced the outcome" Ms. Baubie said. "All indications are that a strong market will continue."

Breaking down the total 1,742 sales were reported in TREB's 28 West districts and averaged $221,841; 825 sales were reported in the 14 Central districts and averaged $355,055; 854 sales were reported in the 23 North districts and averaged $262,234; and 1,275 sales were reported in TREB's 21 East districts and averaged $195,069.

 

Neighbourhood Corner:
Deer Park

So far this year the Deer Park area (between Yonge St. and Oriole Parkway, St. Clair Ave. and Chaplin Court) has seen 35 sales of detached homes, for an average price of $648,177. This price is down about 1% from the $653,272 recorded in 1999. Condominium prices, on the other hand, have increased 10% to $346,236 from last year's $314,047. Finally, average time to sell stood at 30 days, about 28% better than the month's citywide average of 42 days.

 

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

    2,287

    503

    435

    1,087

    147

    221

    9

    7

    Median

    $260,000

    205,000

    167,000

    150,000

    197,500

    192,000

    124,000

    191,000

     


     

    Housing Market Indicators

    October 1999

    October 2000

    % Change

    Sales*

    4,767

    4,696

    (-1%)

    Sales (P.O.T.)

    1,078

    1,002

    (-7%)

    New Listings*

    6,319

    7,121

    (+13%)

    Active Listings**

    16,215

    18,867

    (+14%)

     

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


     

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GR 11/00