The following information are extracted from the Toronto Real Estate Board's Market Watch publication.

Issue:  September 2003

Four in a Row! September Continues String of Record Months

 

The 6,751 sales transacted through the Toronto MLS system last month were the most ever reported in a September, TREB President, Cynthia Lai announced today.

"This figure is up an incredible 15 per cent over last year's 5,846 sales, and September 2002 was our previous best result for the month," the President said. "This makes four record months in a row and the best summer market ever recorded." Ms. Lai also noted that sales were up three per cent from August.

Prices bounced back in September, to $297,398 from August's figure of $285,366, a four per cent increase. They were also up five percent over September of 2002.

Breaking down the total, 2,567 sales were reported in TREB's 28 West districts and averaged $275,292; 1,084 sales were reported in the 14 Central districts and averaged $395,453; 1,370 sales were reported in the 23 North districts and averaged $326,455; and 1,730 sales were reported in TREB's 21 East districts and averaged $244,802.

Neighbourhood Corner
East York

Thus far in 2003 East York has registered 1,102 sales, down six per cent from the 1,168 figure recorded for the first nine months of last year. Of these, 547 were detached homes, which averaged $302,167. While sales of detached homes are up marginally over the 544 recorded during the same time-frame last year, prices have risen a full seven per cent from the $281,698 recorded during this earlier period. In addition, 241 sales of semi-detached homes were recorded in the January to September 2003 period for an average of $278,296. This price figure is up 11 per cent from the $250,989 average recorded in the first nine months of last year.

 

Dwelling Type
Sales
Median
     
Single Detached

3,381
$312,000 
Semi Detached

806

$252,750
 
 
 
Condo Townhouse

619

$200,000
Condo Apartment

1,325

$188,000
 
 
 
Link

214
$249,500
Attached/Row

374

$231,750
 
 
 
Co-op Apartment

26

$153,000
Detached Condo

6

$253,950

Toronto Area Housing Market Indicators

 

September 2002

September 2003
Change
Sales*

5,846

6,751

+15%

Average Price*

$282,765

$297,398

+5%
New Listings*

9,614

12,768

+33%
Active Listings**

15,910

21,101

+33%
*  Single Family Dwellings Only             **  Properties All Types including Single Family Dwellings
 
  

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