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 Market Watch September 1999

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: 443-8152

Prices Inch Upward in September

    Toronto - Thursday, September 30, 1999 --

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

    The average price of a home rose 1 per cent in September, to $228,431 from the $225,976 recorded in August, and was up almost 7 percent from September '98 price of $213,917, TREB President Bill Palander announced today. "Prices have risen two months in a row now, showing continued growth in our marketplace.

    The President went on to say that last month's 4,818 sales were the best numbers we've ever seen in September. "Barring unforeseen mishaps, we expect the good news to just keep coming."

    Breaking down the total 1,854 sales were reported in TREB's 28 West districts and averaged $214,328; 736 sales were reported in the 14 Central districts and averaged $319,797; 927 sales were reported in the 23 North districts and averaged $244,869; and 1,301 sales were reported in TREB's 21 East districts and averaged $185,131.

    Neighbourhood Corner
    Cabbagetown (Don Vale)

    The Cabbagetown (Don Vale) market experienced a substantial improvement in September 1999 over the same month last year. The 11 sales of freehold properties (detached, semi-detached, and row-house) was almost triple the number recorded in September '98. At $429,318, the average price of these homes was up 31%, and the average time-on-market clocked in at 25 days, half last years figure and substantially better than the city-wide average of 44 days.

     

     

    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

    2,417

    510

    497

    971

    176

    230

    12

    5

    Median

    $240,000

    195,250

    158,500

    140,000

    195,000

    183,000

    129,750

    159,000


    Housing Market Indicators

    September 1998

    September 1999

    % Change

    Sales*

    4,492

    4,818

    (+7%)

    Sales (P.O.T.)

    937

    1,079

    (+15%)

    New Listings*

    7,470

    7,217

    (-3%)

    Active Listings**

    19,876

    17,280

    (-13%)

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


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GR 10/99