SINGLE FAMILY RESIDENTIAL BREAKDOWN
November 2010
1.5 % 7.1% % 0.2 0.1 %
26.4 %
Sales Strong in November TORONTO - December 3, 2010
8.3 %
track for one of the best years on record under the current TREB market area,” continued Johnston.
Greater Toronto REALTORS reported 6,510 existing home sales in November – down 13 per cent from 7,446 sales in November 2009. New listings were also down 13 per cent annually to 8,642.
The average selling price for November transactions was 2.3 $438,030 - up five per cent 7.0 0.3 21.5 compared to November 2009.0.1 %
%
On a month-over-month basis, the seasonally adjusted annual rate of sales increased for the fourth straight month to 88,100. This rate was substantially higher than the July low of 67,900.
%
Median Price In November, the median price was $366,000, from the $353,800 recorded during November of 2009.
Median
400000 300000 200000 100000 2000
2001
2002 2003
2004
2005
2006
2007
45.6 %
Dwelling Type
%
Sales
Detached Single Detached 2,969
97 $457,000
Semi-Detached Semi Detached
98 $370,000
Condo Condo T.H. Townhouse Condo Apt. Apt Condo
707
538 97 $277,750 1,720
Link Link
97 $285,000
95 98 $330,000
Attached/Row Att/Row/Twnhouse 459 %
% Median
Co-op Co-op Apt. Apt Detached Det Condo Condo
98 $354,900
16
95 $156,500
6
97 $303,000
Housing Market Indicators AuguNovNov. 2009 Nov. 2010 %Change Sales New Listings Active Listings* Days on Market
7,446 9,923 13,827 26
6,510 (-13%) 8,642 (-13%) 15,813 (14%) 33 (27%)
* All figures for single-family dwellings.
Inside District Map.............................................................. 2 Price Category Breakdown......................................2 East District.............................................................. 3 West District............................................................. 6 Toronto District.......................................................10 North District...........................................................12 Annual Summary....................................................16 Single Family Comparison.....................................16
Annual Average and Median Price
0
%
%
“Sales through the first 11 months of the year were down only marginally compared to the same period in 2009. We remain on
Average
%
“The average selling price in the GTA is affordable. A household 8.5 earning the average income can comfortably cover the mortgage payments on an average priced 12.0 48.3 home. Expect the average selling price to grow at a moderate pace over the next year,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.
“The GTA resale market has tightened since the summer. Healthy market conditions continued to support growth in the average selling price,” said Toronto Real Estate Board President Bill Johnston.
500000
10.9 %
2008
2009
2010