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Best May Ever
TORONTO - Monday, May 31, 1999 -
"Though both prices and volume fell slightly in May (sales were down 5% from the 6,594 recorded in April), this is natural for the time of year, and we expect to see a further easing as the weather heats up. Nevertheless, a record result for May indicates an unusually active summer market."
Breaking down the total 2,388 sales were reported in
TREB's 28 West districts and averaged $213,787; 954 sales
were reported in the 14 Central districts and averaged
$347,310; 1,198 sales were reported in the 23 North
districts and averaged $246,640; and 1,756 sales were
reported in TREB's 21 East districts and averaged
Real Estate in The Beaches (the area running from Kingston Rd. to Lake Ontario, and from Woodbine Ave. to Victoria Park Ave.) showed a marked improvement over May 1998. The average price rose 13% from $331,395 to $375,081 and houses took a mere 16 days on average to sell, less than half the city-wide total of 39 days.
Single-Family Residential Breakdown
* Single-Family Dwellings Only
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