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Last month the Toronto Real Estate Market recorded
10,451
sales for the best June performance ever, Toronto Real Estate
Board President Donald Bentley announced today. "June's figure
was up almost 20 per cent over the 8,730 sales recorded during
the same month in 2006, and down only slightly (six per cent)
from May's best-ever figure of 11,146 sales. To get some idea of
the current strength of the market: there have been more sales
in the last two months (21,597) than occurred in all of 1977
(20,512), thirty years ago this year."
While the sales pace remained brisk, average prices declined
marginally (less than one per cent) from May to
$381,963. The year-to-date average was $373,719, up five
per cent over the first six months of 2006 ($356,977).
"Price increases remain only modest," noted the President.
"Inventory, at 21,789, is robust enough to keep a lid on upward
inflation. The current market is still accessible to first-time
buyers, and should continue in this mode for the foreseeable
future."
Breaking down the total, 3,936 sales were reported in TREB’s 28
West districts and averaged $356,513; 1,819 sales were reported
in the 14 Central districts and averaged $513,491; 2,248 sales
were reported in the 23 North districts and averaged $406,565;
and 2,448 sales were reported in TREB’s 21 East districts and
averaged $302,558.
NEIGHBOURHOOD CORNER
Etobicoke
In
Etobicoke (W-6 to W-10) there have been 2,734 sales to date, up
13 per cent over the January to June period of 2006. The average
price was $399,525, up four per cent over the $383,220 recorded
during that earlier time frame. |
