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 Market Watch

August 2001

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Market Watch
For Further Information: 443-8152

August is 4th Consecutive Record Breaking Month

TORONTO -- Wednesday, September 5, 2001.

With 5,845 sales passing through TREB's MLS system, last month was the best August showing in Toronto history, Toronto Real Estate Board President David Pearce announced today.

"Sales were up 18% over August 2000's 4,961 figure, which was our previous best for the month," Mr. Pearce continued. "Not only that, August marked a record-setting four month stretch during which TREB Members sold 26,313 single family-dwellings. This almost matches the entire-year sales figure for 1990 (26,779 sales). Finally, sales for the first eight months of 2001 stand at 46,668, up 14% from the same period in 2000 and on course for our best year ever."

The President went on to note that prices remained stable in zwith the average falling 1% to $247,472 from July's $250,095, and the median fell slightly to $219,000 from July's $220,000.

Compared with last year's August average of $230,093, however, prices were up 7%.

Breaking down the total, 2,203 sales were reported in TREB's 28 West districts and averaged $229,078; 931 sales were reported in the 14 Central districts and averaged $323,225; 1,194 sales were reported in the 23 North districts and averaged $278,073; and 1,517 sales were reported in TREB's 21 East districts and averaged $203,609.

Neighbourhood Corner
Leaside

The Leaside area (between Laird and Bayview, Eglinton and the CN rail line) saw five sales of detached homes in August for an average of $432,900. These sales ranged from $300,000 to about $600,000 in price, and time-on-market averaged 20 days, less than half the city-wide average of 43 days.


Dwelling Type

Single Detached

Semi Detached

Condo T.H.

Condo Apt.

Link

Attached/Row

Co-op Apt.

Detached Condo

Sales

2,824

641

639

1,246

189

285

15

6

 

 

Median

$262,000

215,000

173,000

165,000

218,750

195,500

112,000

180,500

 

 


    Housing Market Indicators

    August 2000

    August 2001

    % Change

    Sales*

    4,961

    5,845

    (+18%)

    Sales (P.O.T.)

    1,109

    938

    (-15%)

    New Listings*

    7,386

    8,018

    (-8%)

    Active Listings**

    19,343

    18,502

    (-4%)

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


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09/01