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The Toronto
Real Estate market continued its record breaking ways in September, with
7,326 sales
transacted through the TorontoMLS system, Board President John Meehan
reported today. "This figure is up 11 per cent over last year (6,588
sales), and up eight per cent over sales in September 2003 (6,751),
which was our previous best September."
The
President went on to note that, with 66,480 sales year-to-date, 2005 has
closed to within a single percentage point of the 2004 nine-month total
(66,668). "If the fourth quarter market performs as well as the previous
three months," said Mr. Meehan, "there is a strong possibility that 2005
could end up as the best year ever."
The
President went on to note that prices strengthened considerably in
September, with the average
rising five per cent to
$338,267
over the August figure of $323,255. In addition, the year-to-date
average, at $335,267, is up seven per cent over 2004.
Breaking
down the total, 2,809 sales were reported in TREB’s 28 West districts
and averaged $318,293; 1,295 sales were reported in the 14 Central
districts and averaged $430,000; 1,456 sales were reported in the 23
North districts and averaged $374,135; and 1,766 sales were reported in
TREB’s 21 East districts and averaged $273,201.
NEIGHBOURHOOD CORNER
East York
Thus far in
2005 there have been 1,131 sales in East York (E03), down four per cent
from the 1,176 recorded during the first nine months of 2004. Of these,
573 were detached homes, which averaged $345,117, up eight per cent over
the 2004 average of $319,809. There were also 282 semi-detached sales
averaging $329,546, a seven per cent increase over the same period in
2004. |
