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For Further Information: 443-8152
Sales and Prices Both Up in Sixth Consecutive Record Breaking Month
TORONTO -- Friday, November 2, 2001
Sales broke a record for the 6th straight month, and prices rose to just over $250,000 in October, TREB President David Pearce reported today. "Toronto Realtors sold 5,402 single family dwellings in October," the President said. "That is a 8% increase from the 5,021 recorded in September, a 15% increase from the 4,696 recorded in October 2000, and up just a bit from the previous best October ever recorded by the Board, which was in 1997 when we had 5,398 sales through our MLS system."
Prices also rebounded in October, Mr. Pearce noted, up 2% to $251,479 from last month's figure of $245,530. "This kind of modest price increase should lure potential move-up buyers into the market, but with inventory levels, (19,150 active listings) up from last year, we don't expect any big price run-ups over the course of the next several months."
Breaking down the total, 2,017 sales were reported in TREB's 28 West districts and averaged $232,891; 843 sales were reported in the 14 Central districts and averaged $341,615; 1,071 sales were reported in the 23 North districts and averaged $273,962; and 1,471 sales were reported in TREB's 21 East districts and averaged $208,944.
Neighbourhood Corner
WhitbyWith overall average prices at $210,604, Whitby (E-15) saw a 6% price increase over October 2000. Breaking down this total:
- Detached homes, at $234,459, were up 7% from the $218,747 recorded during the same month last year.
- Link houses were up 1% to $187,287 from last October's $184,353.
- Condominium Townhouses were up 23% to $158,100 from October 2000's figure of $128,000.
Dwelling Type
Single Detached
Semi Detached
Condo T.H.
Condo Apt.
Link
Attached/Row
Co-op Apt.
Detached Condo
Sales
2,675
662
503
1,100
170
274
15
3
Median
$263,000
220,500
170,500
165,250
211,750
200,000
176,300
305,000
| Housing Market Indicators | |||
|
|
October 2000 |
October 2001 |
% Change |
|
Sales* |
4,696 |
5,402 |
(+15%) |
|
Sales (P.O.T.) |
1,002 |
950 |
(-5%) |
|
New Listings* |
7,121 |
8,665 |
(+22%) |
|
Active Listings** |
18,867 |
19,150 |
(+1%) |
* Single-Family Dwellings Only
** Properties All Types including Single-Family Dwellings.
This issue of Market Watch* -- in Adobe Acrobat Reader (.pdf) format.
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11/01