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TREB
Members reported
8,707
sales of existing homes in March, a 10 per cent increase over the 2005
total of 7,904, Toronto Real Estate Board President John Meehan
announced today. "The March performance is the second best ever recorded
for the month," Mr. Meehan said. "Furthermore, year-to-date we have seen
19,831 sales, which is the best first quarter result since statistics
have been kept."
Prices
steadied last month, with the average registering at
$353,134,
almost the same as in February and up seven per cent from the $330,545
recorded in March of 2005. Inventory climbed four per cent over last
March to 22,765, and average time-on-market fell to 30 days.
Breaking
down the total, 3,281 sales were reported in TREB’s 28 West districts
and averaged $334,274; 1,558 sales were reported in the 14 Central
districts and averaged $458,623; 1,710 sales were reported in the 23
North districts and averaged $381,774; and 2,158; sales were reported in
TREB’s 21 East districts and averaged $282,954.
NEIGHBOURHOOD CORNER
The
Beaches and Riverdale
The Beaches
(E-2) experienced 226 sales in the first three months of 2006 for an
average price of $454,495, up 10 per cent over 2005's $411,203 first
quarter figure. Detached homes in The Beaches averaged $615,780 and
semis $408,898. Riverdale (E-1) recorded 224 sales during the same
time-frame, up 15 per cent over the January to March period of 2005.
Detached homes averaged $390,388. |
