All in all, 2010 is set to close out at good levels, according to a recently released report from TREB.
These figures indicate a 19 % decrease compared to the 3,079 sales recorded during the same period in last December. Year-to-date sales amounted to 84,316 – a one % drop from the 2009 total of 84,888.Today, the Greater Toronto REALTORS reported 2,509 sales through the Multiple Listing Service (MLS) during the first two weeks of December 2010.
"While off the 2009 record, the level of December transactions remains strong from a historic perspective. The number of transactions in 2010 will be the third highest on record," said Toronto Real Estate Board President Bill Johnston
Prices have also shown an increase both in the City of Toronto, and in the rest GTA itself, from Dec 2009- with the city of Toronto increasing from $460,828 during the same period in 2009 to $ 470,918. Similarly, the rest of the GTA was at $393,918 in 2009, increasing to $408,118 in 2010.
Prices have also shown an increase both in the City of Toronto, and in the rest GTA itself, from Dec 2009- with the city of Toronto increasing from $460,828 during the same period in 2009 to $ 470,918. Similarly, the rest of the GTA was at $393,918 in 2009, increasing to $408,118 in 2010.
December mid-month transactions came in at an average price of $435,225 – a three % rise compared to the average of $423,103 tallied during the first 14 days of December 2009.
"Market conditions remain tight enough to support moderate growth in the average selling price. Expect the three per cent annual rate of growth reported for the first two weeks of December to be the norm in 2011," said Jason Mercer, TREB's Senior Manager of Market Analysis.
Source: propertywire.ca
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