Home Prices Up - Unit Sales Down August 2010 vs 2009
The average price for August transactions was $411,012 – up six per cent compared to the average of $387,921 reported in August 2009.
Visit www.OurHomeToronto.com to review actual listing prices and offerings.
1. SINGLE FAMILY RESIDENTIAL BREAKDOWN
August 2010
1.6 % 7.3% %
26.0 % 0.2
August Sales and New Listings Down, 0.1 %
Prices Up
TORONTO - Friday, September 3, 2010 8.5 %
Greater Toronto REALTORS® “Market conditions have remained
reported 6,232 sales through the tight enough to support higher home 10.8 % 45.4 %
Multiple Listing Service® (MLS®) in prices in comparison to last year.
August 2010. This represented a Under current mortgage lending
22 per cent decrease compared to standards, a household earning the
the 8,035 sales recorded during the average income in the %GTA can
2.3 7.0 % Dwelling Type Sales % Median
21.5 % 0.3 %
same period in 2009. New listings comfortably afford the mortgage 0.1 % Single Detached 2,832
Detached 97 $442,250
decreased by one per cent year- payments on an average priced Semi Detached
Semi-Detached 676 98 $362,000
over-year to 10,488. home. Market conditions and the Condo T.H.
Condo Townhouse 527 97 $270,000
affordability picture would have Condo Apt.
Condo Apt 1,619 98 $279,000
“The prospect of interest rate hikes 8.5 %
to change dramatically before a Link
Link 102 98 $368,975
and new mortgage lending rules
sustained drop in the average selling Attached/Row
Att/Row/Twnhouse 454 98 $344,000
prompted some households to
price12.0 %
would take place,” said Jason % Co-op Apt.
Co-op Apt 14 96 $229,000
purchase a home sooner than they 48.3
Mercer, TREB’s Senior Manager of Detached Condo
Det Condo 8 98 $329,250
otherwise would have this year. The
Market Analysis.
result has been a larger than normal
dip in sales over the summer months. Housing Market Indicators
With this said, it is important to AugustAugust 2009 August 2010 %Change
recognize that sales on the year
were eight per cent higher than in
Median Price Sales
New Listings
8,035
10,632
6,232
10,488
(-22%)
(-1%)
Active Listings* 15,682 19,563 (25%)
2009,” said Toronto Real Estate In August, the median price Days on Market 30 36 (20%)
Board President Bill Johnston. * All figures for single-family dwellings.
was $358,000, from the
The average price for August
$338,000 recorded during
transactions was $411,012 – up six
per cent compared to the average of August of 2009. n Inside
$387,921 reported in August 2009.
District Map ............................................................. 2
Annual Average and Median Price Price Category Breakdown......................................2
East District ............................................................. 3
West District ............................................................ 6
Toronto District ......................................................10
500000 Average Median
North District..........................................................12
400000 Annual Summary ...................................................16
300000 Single Family Comparison ....................................16
200000
100000
0
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
16. District Totals
New Active Listed Sales $ Volume Avg Price Med Price Avg DOM Avg Month
Grand Total 10,488.00 19,563 N/A 6,232 2,561,424,007 411,012 358,000 36 97
Year N/A N/A 117,060 62,930 27,063,358,881 430,055 366,000 25 99
Annual Summary - Single Family
Year *Number of Sales *Average Price Year *Number of Sales *Average Price
1976 19,025 $61,389 2009
1977 20,512 $64,559 January 2,670 $343,632
1978 21,184 $67,333 February 4,120 $361,305
1979 23,466 $70,830 March 6,171 $362,050
1980 26,017 $75,694 April 8,107 $385,641
1981 29,625 $90,203 May 9,589 $395,609
1982 25,336 $95,496 June 10,955 $403,972
1983 30,046 $101,626 July 9,967 $395,414
1984 31,905 $102,318 August 8,035 $387,921
1985 45,509 $109,094 September 8,196 $406,877
1986 52,919 $138,925 October 8,476 $423,559
1987 43,475 $189,105 November 7,446 $418,460
1988 49,381 $229,635 December 5,541 $411,931
1989 38,960 $273,698
1990 26,779 $255,020 Total** 87,308 $395,460
1991 38,144 $234,313
1992 41,703 $214,971 2010
1993 38,990 $206,490 January 4,986 $409,058
1994 44,237 $208,921 February 7,291 $431,509
1995 39,273 $203,028 March 10,430 $434,696
1996 55,779 $198,150 April 10,898 $437,600
1997 58,014 $211,307 May 9,470 $446,593
1998 55,344 $216,815 June 8,442 $435,034
1999 58,957 $228,372 July 6,564 $420,482
2000 58,343 $243,255 August 6,232 $411,012
2001 67,612 $251,508
2002 74,759 $275,231 Year-to-Date** 62,930 $430,055
2003 78,898 $293,067
2004 83,501 $315,231
2005 84,145 $335,907
2006 83,084 $351,941
2007 93,193 $376,236
2008 74,552 $379,347
* Due to District revisions, caution should be exercised when undertaking historical comparisons. Please refer to appropriate maps.
**This figure may not equal the sum of all monthly totals, as the year-to-date total reflects sales reported in error and deals that have fallen through since January 1st.
Single Family Dwelling Sales Comparison
Sales Active Listings Average Price
15000 500000
35000
13500
30000
12000
425000
10500 25000
9000
20000
7500 350000
6000 15000
4500 10000 275000
3000
5000
1500
0 0 200000
Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
2009 2010 2009 2010
16 TORONTO REAL ESTATE BOARD