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 Market Watch July 2001

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Market Watch
For Further Information: 443-8152

July is Another Record Month

TORONTO -- Thursday, August 2, 2001

July 2001 was another record month, with 5807 sales passing through TREB's MLS system, TREB President David Pearce reported today. This was up a whopping 23% from the 4,729 sales recorded in July 2000, and up 6% from the previous record of 5,472 seen in July 1999. "We are on course for a record year," Mr. Pearce continued, "In the first seven months our MLS system recorded 40,823 sales. This is up 9% from the 37,303 recorded during the same time period in 1999, our previous best performance. The president went on to note that the average price was up 6% from the $236,526 recorded in July 2000.

Breaking down the total, 2,125 sales were reported in TREB's 28 West districts and averaged $234,795; 904 sales were reported in the 14 Central districts and averaged $336,397; 1,206 sales were reported in the 23 North districts and averaged $274,255; and 1,572 sales were reported in TREB's 21 East districts and averaged $202,614.

Neighbourhood Corner
Kingsway

Prices for detached homes in The Kingsway (from Prince Edward to Islington and from Bloor to about Leland) averaged $405,596 for the three-month period between May 1st and July 31st, up marginally from the $404,191 recorded during the same period in 2000. Prices ranged from about $270,000 to $650,000, and average time-on-market was 32 days. Nearly 20% of these houses sold for more than their asking price.


Dwelling Type

Single Detached

Semi Detached

Condo T.H.

Condo Apt.

Link

Attached/Row

Co-op Apt.

Detached Condo

Sales

2,892

627

622

1,156

213

280

8

9

 

Median

$265,000

215,000

173,000

163,050

210,000

200,000

189,500

199,000

 

 


    Housing Market Indicators

    July 2000

    July 2001

    % Change

    Sales*

    4,729

    5,807

    (+23%)

    Sales (P.O.T.)

    1,042

    926

    (-11%)

    New Listings*

    11,648

    7,633

    (-34%)

    Active Listings**

    19,924

    19,484

    (-2%)

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


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08/01