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 Market Watch
 June 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

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Market Watch
For Further Information: 443-8151

June sales break 5,400

TORONTO - Friday, July 3, 1998 -

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

    For the fourth month in a row, sales of single-family dwellings in the Toronto area have broken the 5,000 mark, Jimmy Lee, President of the Toronto Real Estate Board, announced today.

    TREB Members reported 5,410 sales in June, up seven per cent from 5,046 in June of last year, although down eight per cent from May of this year.

    The average price rose one per cent to $225,323 from $222,148 in May, and was up four per cent from $215,638 in June of last year. The median price fell marginally to $188,000 from $188,500 in May, and was up roughly two per cent from $185,000 during the same month last year.

    "There is still a lot of interest in our local resale market," says Mr. Lee. "If current economic conditions remain stable and consumer confidence remains strong, we should see a solid summer market."

    TREB's 5,410 single-family dwelling sales, which were reported throughout the Greater Toronto Area, totalled $1,219,002,089, and averaged $225,323. The median price was $188,000.

    Breaking down the total 2,035 sales were reported in TREB's 28 West districts and averaged $208,476; 878 sales were reported in the 14 Central districts and averaged $342,709; 1,022 sales were reported in the 23 North districts and averaged $232,180; and 1,475 sales were reported in TREB's 21 East districts and averaged $173,943.

    In addition to the sales of single-family dwellings, TREB Members reported 1,074 sales of properties of other types (P.O.T.) during June moving the total to 6,484. The dollar volume for properties of all types (P.A.T.) was $1,515,114,077, and the average price was $233,670.

      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

    2,904

    569

    500

    993

    220

    205

    16

    3

    Median

    $230,000

    180,000

    146,000

    126,000

    185,500

    167,500

    78,500

    187,500


    Housing Market Indicators

    June 1997

    June 1998

    % Change

    Sales*

    5,046

    5,410

    (+7%)

    New Listings*

    7,583

    7,557

    (-3%)

    Active Listings**

    23,026

    21,988

    (-4%)

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


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GR 07/98