NEWS RELEASE 

 


GTA REALTORS® Release Mid-Month Resale Figures

 

August 16, 2013 -- Greater Toronto Area REALTORS® reported 3,359 sales through the TorontoMLS system during the first two weeks of August 2013. This result represented a 22 per cent increase compared to 2,743 sales in August 2012.Sales were up on a year-over-year basis for all home types. Total new listings were up over the same period, but by a much lesser rate than sales.

 

“The strong annual sales growth experienced in July was sustained in the first two weeks of August.  The fact that sales were up for all major home types in the City of Toronto and surrounding regions suggests that a wide range of buyers are active in the marketplace today – from first-time buyers through to existing home owners whose housing needs have changed,” said Toronto Real Estate Board President Dianne Usher.

 

The average selling price during the first two weeks of August 2013 was $494,617 – up three per cent in comparison to the same period in 2012.

 

“Sales growth that is stronger than new listings growth is indicative of more competition between buyers.Against this backdrop, it makes sense that the average selling price continued to grow,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

 


Summary of TorontoMLS Sales and Average Price

 

 

 

 

 

 

 

August 1 - 14

2013

2012

Sales

Average Price

New Listings

Sales

Average Price

New Listings

City of Toronto ("416")

1,164

$507,288

2,156

978

$503,559

1,954

Rest of GTA ("905")

2,195

$487,897

3,623

1,765

$466,208

3,466

GTA

3,359

$494,617

5,779

2,743

$479,525

5,420

Source: Toronto Real Estate Board

TorontoMLS Sales & Average Price  By Home Type

 

 

 

 

 

 

 

August 1 - 14, 2013

Sales

Average Price

416

905

Total

416

905

Total

Detached

345

1,243

1,588

756,278

581,146

619,194

Yr./Yr. % Change

12.0%

27.1%

23.5%

-2.2%

3.7%

1.3%

Semi-Detached

100

246

346

576,055

409,728

457,799

Yr./Yr. % Change

17.6%

17.1%

17.3%

12.9%

3.8%

7.0%

Townhouse

125

437

562

421,126

375,489

385,640

Yr./Yr. % Change

12.6%

29.3%

25.2%

-3.7%

6.4%

3.2%

Condo Apartment

585

216

801

368,058

282,231

344,913

Yr./Yr. % Change

25.5%

13.1%

21.9%

7.8%

1.3%

6.7%

Source: Toronto Real Estate Board

 

 

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