Trebnet icon

 Market Watch May 2002

Back Issues

TREB Maps

CREAstat

Media Room

 

 

Market Watch
For Further Information: 443-8152

A Record May as Sales Break 8,000 for Second Straight Month

TORONTO -- Tuesday, June 4, 2002

With 8,042 sales recorded last month, the Toronto Real Estate Board had its best May ever (up 7% from May 2001), and breached the 8,000 sales level for only the second time in its 82 year history, TREB President David Pearce announced today.

The President also noted that prices climbed in May to $278,323, a marginal increase over last Month's $277,664, and a 9% increase over the $255,460 recorded in May 2001.

"The first five months of 2002 have been outstanding," the President said, "On a year-over-year basis, our total sales figure of 35,560 is up 28% from the same time in 2001, which was our best year ever for sales."

Breaking down the total, 3,082 sales were reported in TREB's 28 West districts and averaged $254,530; 1,254 sales were reported in the 14 Central districts and averaged $389,231; 1,686 sales were reported in the 23 North districts and averaged $299,595; and 2,020 sales were reported in TREB's 21 East districts and averaged $228,021.

Neighbourhood Corner
Ajax

In May, the overall average price in Ajax (E-14) was $229,488, up 11% from the $206,547 figure recorded in May 2001. For the single-detached catagory, prices stood at $254,529 on the basis of 119 sales, up 13% from the $224,571 recorded in May of last year. Also, 15 condo apartments sold last month for an average price of $157,553, which represents a 14% increase over the $137,646 of the same month a year ago.


Dwelling Type

Single Detached

Semi Detached

Condo T.H.

Condo Apt.

Link

Attached/Row

Co-op Apt.

Detached Condo

Sales

4,023

968

795

1,589

240

405

14

8

 

 

 

Median

$289,000

234,000

187,000

182,000

234,000

216,500

125,950

211,000

 


    Housing Market Indicators

    May 2001

    May 2002

    % Change

    Sales*

    7,485

    8,042

    (+7%)

    Sales (P.O.T.)

    1,290

    1,461

    (+13%)

    New Listings*

    10,789

    11,894

    (+10%)

    Active Listings**

    22,590

    21,165

    (-6%)

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


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

    * Market Watch is now only 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.

 

05/02