NEWS RELEASE 

 

GTA REALTORS® Report Mid-Month Resale Housing Market Figures

 

TORONTO, December 16, 2010 -- Greater Toronto REALTORS® reported 2,509 sales through the Multiple Listing Service® (MLS®) during the first two weeks of December 2010. 

 

This represented a 19 per cent decrease compared to the 3,079 sales recorded during the same period in December 2009.  Year-to-date sales amounted to 84,316 – down one per cent from the 2009 total of 84,888.

 

“While off the 2009 record, the level of December transactions remains strong from a historic perspective.  The number of transactions in 2010 will be the third highest on record,” said Toronto Real Estate Board President Bill Johnston.

 

The average price for December mid-month transactions was $435,225 – up three per cent compared to the average of $423,103 recorded during the first 14 days of December 2009.

 

“Market conditions remain tight enough to support moderate growth in the average selling price.  Expect the three per cent annual rate of growth reported for the first two weeks of December to be the norm in 2011,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

 

 

Summary Of December Sales And Average Price

 

 

 

 

 

 

December

 

2010

2009

 

Sales

Average Price

Sales

Average Price

City of Toronto ("416")

1,083

$470,918

1,343

$460,828

Rest of GTA ("905")

1,426

$408,118

1,736

$393,918

GTA

2,509

$435,225

3,079

$423,103

Source: Toronto Real Estate Board

 

 

 

 

Sales & Average Price  By Home Type

 

 

 

 

 

 

 

December-2010

 

Sales

 

Average Price

 

 

416

905

Total

416

905

Total

 

 

 

 

 

 

 

Detached

348

776

1,124

678,587

495,555

552,426

Yr./Yr. % Change

-24%

-17%

-19%

3%

3%

3%

Semi-Detached

95

161

256

495,815

339,641

397,596

Yr./Yr. % Change

-35%

-13%

-23%

10%

2%

3%

Townhouse

125

253

378

404,086

309,135

340,534

Yr./Yr. % Change

-10%

-24%

-20%

5%

4%

5%

Condo Apartment

502

202

704

344,733

248,391

317,089

Yr./Yr. % Change

-15%

-11%

-14%

4%

2%

3%

Source: Toronto Real Estate Board

 

 

 

 

 

 

 

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