For Further Information: 443-8152
August is Fourth Consecutive Record Month
The President noted that prices rose in August, jumping almost two per cent to $225,976 from July's $222,102. The median remained steady at $193,000.
Breaking down the total 1,761 sales were reported in TREB's 28 West districts and averaged $211,069; 639 sales were reported in the 14 Central districts and averaged $322,397; 1,010 sales were reported in the 23 North districts and averaged $251,552; and 1,269 sales were reported in TREB's 21 East districts and averaged $177,756.
Average Detached home prices have risen a modest 5 per cent in Pickering (E-12 & E-13) over the first eight months of this year, to $228,069 from the $218,224, recorded in January--August 1998. Townhouses have risen a similarly modest 4 per cent, to $136,169 from $130,566, over that same time period. Meanwhile, average time on market for all residential sales in Pickering was 42 days in August, a little less than the city-wide average of 46 days.
Single-Family Residential Breakdown
* Single-Family Dwellings Only
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