2011 ended being the second best year on record for resales (within current TREB boundaries). The total number of transactions was lower than other months in 2011 but that is expected in December as everyone is busy with holidays and family events, not to mention Boxing day sales. Increase in average sales price strongly supports the current Sellers’ market. Low interest rates bodes well for resale activity going into 2012.
Here is a recap of numbers for December 2011:
- December 2011 MLS sales: 4718* (up 10% from December 2010)
- December 2011 Avg sale price: $451,436* (up 4% from December 2010)
Read the full December 2011 Market Watch*
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* credit and source Toronto Real Estate Board
Vaughan Real Estate 