For Further Information: 443-8152
June Sets New Record!
Prices, Ms. Baubie said, remained stable in June, down only marginally to $230,692 from the $231,908 recorded in May, and up 2 per cent from the $225,323 recorded in June of 1998.
However, the president-elect noted that inventory declined in June, with active listings falling 5 per cent to 20,206 from the 21,209 recorded in May, and down 8 per cent from the 21,988 seen in June of last year. "That statistic is the only fly in the ointment," Ms. Baubie said. "Our Members are telling us that product is extremely limited, especially in the under $200,000 range."
Breaking down the total 2,303 sales were reported in
TREB's 28 West districts and averaged $214,703; 978 sales
were reported in the 14 Central districts and averaged
$330,995; 1,234 sales were reported in the 23 North
districts and averaged $251,096; and 1,789 sales were
reported in TREB's 21 East districts and averaged
The market for upper-end homes in Rosedale took a beating in the early '90s, but appears to be bouncing back. The average price of a detached home in the area was $1,278,929, an impressive 33 per cent increase from the same period last year, with several sales in the over $3,000,000 category. Although the average time-on-market was 70 days, well above the city-wide average of 42, this reflects the exclusivity of the area and the small pool of potential buyers that can afford to purchase there.
Single-Family Residential Breakdown
* Single-Family Dwellings Only
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