For Further Information: 443-8151
January sales break 3,000
TORONTO - Tuesday, February 3, 1998 -
The President went on to note the average price moved to $206,209, up from $205,710 in December and up 4 per cent from the $198,798 recorded in January 1997. The median price moved to $182,000 from $180,000 in December.
Lee concluded: "We are looking forward to stronger sales as we approach the Spring market, even if factors like the recent up-tick in interest rates may keep us from achieving last year's near-record pace."
TREB's 3,006 single-family dwelling sales, which were reported throughout the Greater Toronto Area, totalled $619,863,329, and averaged $206,209. The median price was $182,000.
Breaking down the total 1,160 sales were reported in TREB's 28 West districts and averaged $193,842; 436 sales were reported in the 14 Central districts and averaged $279,986; 546 sales were reported in the 23 North districts andaveraged $237,740; and 864 sales were reported in TREB's 21 East districts and averaged $165,656.
In addition to the sales of single-family dwellings, TREB Members reported 577 sales of properties of other types (P.O.T.) during January moving the total to 3,583. The dollar volume for properties of all types (P.A.T.) was $769,557,270, and the average price was $214,780.
* Single-Family Dwellings Only
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