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The
summer of 2006 got off to a booming start, with
8,730 resale home sales in the month of
June, incoming TREB President Dorothy Mason announced today.
"This marks the fourth month in a row that sales have topped the
8,000 mark, giving us a year-to-date total of 45,797 sales,"
Mrs. Mason stated. "That figure is up two per cent over 2005,
which turned out to be the best year ever recorded."
The
average price came in at
$358,035 in June, up
four per cent over the $345,065 recorded in June of last year.
"Prices remain affordable," Mrs. Mason said, "yet homeownership
remains an excellent investment, with an annual return that
exceeds inflation."
Average time-on-market remained at 32 days, and inventory fell a
little (three per cent) from May to 25,393. "There is still
plenty of product out there on the market," Mrs. Mason noted.
"And that should keep a cap on price increases."
Breaking down the total, 3,245 sales were reported in TREB’s 28
West districts and averaged $339,469; 1,579 sales were reported
in the 14 Central districts and averaged $463,581; 1,762 sales
were reported in the 23 North districts and averaged $385,084;
and 2,144 sales were reported in TREB’s 21 East districts and
averaged $286,174.
NEIGHBOURHOOD CORNER
Etobicoke
Etobicoke (districts W-6 to W-10) has been 2,413 sales to-date
in 2006, up one per cent from the 2,379 recorded from January to
June of 2005. The average price climbed seven per cent to
$383,220 from last year's $357,070. |
