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Toronto Real Estate Market Watch
Sales Break 6,000 In Spite Of Winter Weather
While snow fell in almost record amounts, Toronto Real Estate Board Members recorded a respectable 6,015 sales during the month of February, TREB President Maureen O'Neill announced today.
"While sales were down over 2007 (11 per cent), they are in line with historical levels for the month, and they should increase substantially as the GTA eases into Spring."
Prices rose in February, with the average climbing to $382,048, up four per cent from the $367,687 recorded in February of last year. Days-on-Market stood at 30 days, and the list-to-sale price ratio was 99 per cent.
Activity within the City of Toronto generally matched that of the broader GTA. Sales moderated 14 per cent in the city to 2,310 from last year's figure of 2,697. Prices rose two per cent to $424,235.
Breaking down the total, 2,358 sales were reported in TREB’s 28 West districts and averaged $357,884; 1,017 sales were reported in the 14 Central districts and averaged $522,480; 1,185 sales were reported in the 23 North districts and averaged $409,155; and 1,455 sales were reported in TREB’s 21 East districts and averaged $300,975.
NEIGHBOURHOOD CORNER
Unionville
Of the ten sales recorded within Unionville (part of N11) so far this year, 7 were detached homes which sold for an average of $623,971. The other three sales were condominium townhouses, which averaged $333,700.
March 5, 2008 in Toronto Real Estate Update | Permalink
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Comments
Wow,sales were down over 11 % but prices are up 2%.So is it a Real Market or Fake Market?
Posted by: Mike | Mar 14, 2008 1:19:52 AM
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