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 Market Watch September 2001

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Market Watch
For Further Information: 443-8152

Fifth Straight Record Breaking Month

TORONTO -- Wednesday, October 3, 2001.

The Toronto Real Estate Board's (TREB) September sales statistics indicate that there are no signs of an economic slowdown in the housing market, TREB President David Pearce announced today. "With a total of 5,021 sales, up 3% from the same time last year, we not only broke previous records for September, we continued a five month streak of record breaking months," said Mr. Pearce.

Prices fell slightly in September, down 1% to $245,530 from the August figure of $247,472, and also down 1% from the $248,604 recorded in September 2000.

"Right now we have the best of both worlds- -a breakneck sales pace without wild price increases," the President noted.

Breaking down the total, 1,877 sales were reported in TREB's 28 West districts and averaged $225,826; 708 sales were reported in the 14 Central districts and averaged $336,598; 1,074 sales were reported in the 23 North districts and averaged $272,782; and 1,362 sales were reported in TREB's 21 East districts and averaged $203,859.

Neighbourhood Corner
Rosedale

The Rosedale market has remained stable thus far in 2001. Over the June to September period, the average price of detached homes has been $1,424,026 on the basis of 19 sales, down 2% from the $1,449,915 recorded during the same time last year. Time-on-Market was 68 days, and the most expensive home in the area sold for just over $5,000,000.


Dwelling Type

Single Detached

Semi Detached

Condo T.H.

Condo Apt.

Link

Attached/Row

Co-op Apt.

Detached Condo

Sales

2,467

511

563

1,033

186

245

8

8

 

 

 

Median

$260,000

215,000

170,000

163,500

220,000

198,900

157,500

180,500

 

 

 


    Housing Market Indicators

    September 2000

    September 2001

    % Change

    Sales*

    4,857

    5,021

    (+3%)

    Sales (P.O.T.)

    976

    832

    (-15%)

    New Listings*

    8,215

    8,584

    (+4%)

    Active Listings**

    19,647

    19,037

    (-3%)

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


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