Trebnet icon

 Market Watch January 2001

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

Back Issues

TREB Maps

CREAstat

TREB Media Room

 

 

Market Watch
For Further Information: 443-8152

Brisk Start to 2001

Toronto -- Friday, February 2, 2001

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

The new year got off to a quick start in January, with 3,103 single-family-dwellings changing hands for an average price of $235,535, TREB President David Pearce announced today. "The sales figure is up 2% from December, and up 15% from January 2000," the president continued. "Not only that, average prices are up 2% from the same time last year. It's too early to make predictions, but this certainly looks like good news for both Realtors and the home-buying public."

The President pointed to increased inventory levels as a possible explanation behind the surprisingly vigorous market. "Listing levels are up over 15% percent from last January, and with more desirable product on the market potential homebuyers are more likely to come off the fence."

Breaking down the total 1,171 sales were reported in TREB's 28 West districts and averaged $225,593; 478 sales were reported in the 14 Central districts and averaged $303,373; 618 sales were reported in the 23 North districts and averaged $263,612; and 836 sales were reported in TREB's 21 East districts and averaged $189,921.

Neighbourhood Corner
The City Core

The resale home market in downtown Toronto (C-1) began 2001 on a healthy note, with 63 sales of Condominium Apartments in January for an average price of $274,706. The number of sales was up 50% from the 42 recorded in January 2000, while prices were up 18% from that same period. In addition, there were 7 sales of semi-detached homes in the core, averaging $312,286.

 

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

    1,429

    364

    296

    730

    112

    165

    4

    3

    Median

    $251,000

    207,000

    166,900

    153,000

    202,250

    187,000

    217,250

    173,000

     


     

    Housing Market Indicators

    January 2000

    January 2001

    % Change

    Sales*

    2,694

    3,103

    (+15%)

    Sales (P.O.T.)

    588

    657

    (+12%)

    New Listings*

    5,980

    7,624

    (+27%)

    Active Listings**

    12,965

    15,783

    (+21%)

     

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


     

    Market Watch is also available in an Adobe Acrobat Portable Document Format (.pdf) file. A .pdf file preserves the complete formatting of the original printed document. However, in order to view and/or print .pdf files you will first need the appropriate software. If you have an Internet account visit Adobe's WWW site and download the software free of charge.

    This issue of Market Watch -- in Adobe Acrobat Reader (.pdf) format.

 

GR 02/01