Market Watch – April 2011

April 2011 resale home numbers looked great.  Even though the numbers were down from April 2010, the sales numbers fell within 5 year average for April resales.  Once again, lower number of available homes led to another average sale price increase.  The market ahs been trending with similar pattern for last few months and looks to continue doing the same in the near future.

Here are the key numbers for April 2011

  • April 2011 MLS sales: 9041* (down 17% from April 2010)
  • April 2011 Avg sale price: $477,407* (up 9% from April 2010)

Read the full April 2011 Market Watch*

Contact me today for:

  • Free Home Evaluation
  • New condo investment with V.I.P. price savings
  • Silver, Gold, and Platinum listing packages starting as low as 1%

Happy Home Hunting…

* credit and source Toronto Real Estate Board

Market Watch – March 2011

March 2011 has been the 2nd best March on record for resale homes in the GTA.  Lower number of listings also led to slight increase in average sale price with strong demand for semi-detached homes and condos.

Here are the key numbers for March 2011

  • Mar 2011 MLS sales: 9262* (down 11% from March 2010)
  • Mar 2011 Avg sale price: $456,147* (up 5% from March 2010)

Read the full March 2011 Market Watch*

Contact me today for:

  • Free Home Evaluation
  • New condo investment with V.I.P. price savings
  • Silver, Gold, and Platinum listing packages starting as low as 1%

Happy Home Hunting…

* credit and source Toronto Real Estate Board

Market Watch – November 2010

Year 2010 has been better for real estate sales than expected even with more stability in the market versus 2009.  While November 2010 resale home numbers 13% lower than November 2009, the average price climbed again due to stronger demand and greater affordability due to still low mortgage rates.   The real estate market still looks healthy and positive as we close out 2010 and welcome 2011.

Here are the key numbers for November 2010

  • November MLS sales: 6510* (down 13% from November 2009)
  • Avg sale price: $438, 030* (up 5% from November 2009)

Read the full November 2010 Market Watch*

Wishing you all the very best of holiday season…

Happy Home Hunting…

* credit and source Toronto Real Estate Board

Market Watch – October 2010

October 2010 resale home numbers are up from September 2010 but 21% lower than October 2009.  Second half of 2009 and first part of 2010 had record sales which would have been hard to emulate.

Condominium sales were 42% of total sales in City of Toronto.  The average sale price in October 2010 rose over September 2010 indicating an active housing market based on affordable mortgage rates.   The trend is looking positive for the near future.

Here are the key numbers for October 2010

  • October MLS sales: 6681* (down 21% from October 2009)
  • Avg sale price: $443, 729* ( up 5% from October 2009)

Read the full October 2010 Market Watch

Happy Home Hunting…

* credit and source Toronto Real Estate Board

Market Watch – September 2010

September 2010 had healthy home sales numbers even if does not match the market peaks of 2009.  Further, at 69,069 transactions, the first three quarters of 2010 have sales 4% higher than first three quarters of 2009…

Real estate market always has a mild slowdown heading into winter months as consumers start budgeting for holiday season spending and consumers with children settle down for the school year…Overall, so far 2010 has been a good year for GTA real estate, even with not so positive outlook of global economy.

Here are the key numbers for September 2010

  • September MLS sales: 6310* (down 23% from September 2009)
  • Avg sale price: $427, 329* ( up 5% from September 2009)

Read the full September 2010 Market Watch.

Happy Home Hunting…

* credit and source Toronto Real Estate Board

Market Watch – August 2010

Sales numbers are down…New listings are down…Only the average home prices keep trending up…

Market has declined since Spring 2010 as was expected after the new mortgage rules and it further slowed as interest rates kept moving up…However, people are still selling and buying homes which is a trend that shall never stop…

Here are the key numbers for August 2010

  • August MLS sales: 6232* (down 22% from August 2009)
  • Avg sale price: $411, 012* ( up 6% from August 2009)

Read the full August 2010 Market Watch.

Happy Home Hunting…

* credit and source Toronto Real Estate Board

Market Watch – June 2010

June 2010 sales trended lower than May 2010 impacted by higher mortgage rates and new mortgage qualification rules.  June 2010 sales were also 23% lower than June 2009 sales.

Here are some key numbers for June 2010:

  • June MLS sales: 8442*
  • Avg sale price: $435, 034*

Read the full June 2010 Market Watch.

Happy Home Hunting…

* credit and source Toronto Real Estate Board