Jane Chen
Sales Representative

RE/MAX Realtron Realty Inc.
Brokerage
Independently owned and operated

Phone: 905-470-9800  Fax: 905-470-7770  Mobile: 416-418-9568

GTA Realtors Release Mid-Month Resale Hous¬ing Figures

January 23, 2013 - Updated: March 9, 2013

Greater Toronto Real­tors reported 1,469 sales through the Toronto MLS sys­tem dur­ing the first two weeks of Jan­u­ary 2013. This result rep­re­sented an increase of 2.4% over the 1,435 trans­ac­tions reported dur­ing the same period in 2012.

 

 

“The New Year started off on a pos­i­tive note with res­i­den­tial sales slightly above last year’s lev­els,” said Toronto Real Estate Board (TREB) Pres­i­dent Ann Han­nah. “I am cau­tiously opti­mistic about this result. It will be impor­tant to watch sales trends closely as we move through the first quar­ter to see if some of the house­holds who moved to the side­lines as a result of stricter lend­ing guide­lines are start­ing to renew their deci­sion to pur­chase a home.”

 

 

The aver­age sell­ing price dur­ing the first 14 days of 2013 was by up by 4% on a year-over-year basis to $459,728.

 

 

“Con­tin­u­ing the trend from 2012, the low-rise seg­ment of the mar­ket expe­ri­enced the strongest price growth as com­pe­ti­tion between buy­ers remained quite strong,” said Jason Mer­cer, TREB’s Senior Man­ager of Mar­ket Analy­sis. “The aver­age sell­ing price is expected to grow in 2013, but at a slower pace as buy­ers ben­e­fit from more choice.”

 

 

Sum­mary of Toron­toMLS Sales and Aver­age Price Jan­u­ary 1 – 14

 

City of Toronto (“416″)
2013 Sales: 531 | Avg Price: $464,228 | New List­ings: 1,634
2012 Sales: 531 | Avg Price: $462,693 | New List­ings: 1,571

 

Rest of GTA (“905″)

2013 Sales: 938 | Avg Price: $457,181 | New List­ings: 2,604
2012 Sales: 904 | Avg Price: $430,308 | New List­ings: 2,361

 

Entire GTA
2013 Sales: 1,469 | Avg Price: $459,728 | New List­ings: 4,238
2012 Sales: 1,435 | Avg Price: $442,292 | New List­ings: 3,932

 

 

 

            


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