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 Market Watch
 April 1998

News Release

Price Breakdown

Single Fam. Res

Year-to-Date Single Fam. Res.

Single Fam. East

Single Fam. Central

Single Fam. North

Single Fam. West

Annual MLS Sales

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Market Watch
For Further Information: 443-8151

April best month in '98

TORONTO - Friday, May 1, 1998 -

Button - Number of MLS Sales
Button - Number of New MLS Listings
Button - Number of Active MLS Listings

    TREB Members reported 5,825 sales of single-family dwellings in April, Jimmy Lee, TREB President, announced today. While this was down nine per cent from the 6,423 recorded in April 1997, it beat March's total of 5,005 sales by 16 per cent.

    Prices edged upwards in April. The average rose marginally to $222,194 from $221,564, and the median went to $189,000 from $187,000, a gain of one per cent. Further, prices were up from the previous year's figures. The average increased four per cent from $213,107 last year, and the median rose two per cent from $185,000 in April '97.

    Active listings were on the rise in April, up seven per cent to 22,174 from the 20,654 recorded in March. They were down less than one per cent from the 22,311 seen in April of 1997.

    TREB's 5,825 single-family dwelling sales, which were reported throughout the Greater Toronto Area, totalled $1,294,280,282, and averaged $222,194. The median price was $189,000.

    Breaking down the total 2,221 sales were reported in TREB's 28 West districts and averaged $203,430; 840 sales were reported in the 14 Central districts and averaged $329,757; 1,045 sales were reported in the 23 North districts and averaged $246,470; and 1,719 sales were reported in TREB's 21 East districts and averaged $179,119.

    In addition to the sales of single-family dwellings, TREB Members reported 1,129 sales of properties of other types (P.O.T.) during April moving the total to 6,954. The dollar volume for properties of all types (P.A.T.) was $1,601,125,236, and the average price was $230,245.



      Single-Family Residential Breakdown

    LegendPie Graph

     

    Dwelling Type

    Single Detached

    Semi Detached

    Condo T.H.

    Condo Apt.

    Link

    Attached/Row

    Co-op Apt.

    Detached Condo

    Sales

    3,173

    670

    488

    1,041

    212

    222

    12

    7

    Median

    $230,000

    181,000

    143,000

    130,000

    183,500

    166,750

    108,950

    161,000


    Housing Market Indicators

    April 1997

    April 1998

    % Change

    Sales*

    6,423

    5,825

    (-9%)

    New Listings*

    9,898

    9,447

    (-4%)

    Active Listings**

    22,311

    22,174

    (-1%)

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


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GR 05/98