Issue:  January 2001

Brisk Start to 2001
 

The new year got off to a quick start in January, with 3,103 single-family-dwellings changing hands for an average price of $235,535, TREB President David Pearce announced today. "The sales figure is up 2% from December, and up 15% from January 2000," the president continued. "Not only that, average prices are up 2% from the same time last year. It's too early to make predictions, but this certainly looks like good news for both Realtors and the home-buying public."

The President pointed to increased inventory levels as a possible explanation behind the surprisingly vigorous market. "Listing levels are up over 15% percent from last January, and with more desirable product on the market potential homebuyers are more likely to come off the fence."

Breaking down the total 1,171 sales were reported in TREB's 28 West districts and averaged $225,593; 478 sales were reported in the 14 Central districts and averaged $303,373; 618 sales were reported in the 23 North districts and averaged $263,612; and 836 sales were reported in TREB's 21 East districts and averaged $189,921.

Neighbourhood Corner

The City Core

The resale home market in downtown Toronto (C-1) began 2001 on a healthy note, with 63 sales of Condominium Apartments in January for an average price of $274,706. The number of sales was up 50% from the 42 recorded in January 2000, while prices were up 18% from that same period. In addition, there were 7 sales of semi-detached homes in the core, averaging $312,286.
 
 

*  Single Family Dwellings Only             **  Properties All Types including Single Family Dwellings
 
 
 
 

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