Toronto Real Estate Statistics: April 2008

Below are some Charts and Graphs looking at the Toronto Real Estate Boards statistics for the month of April 2008 using information taken from the MLS and include all Toronto Districts. Within the next few days we will look at statistics for North York Condos in district C14 and some stats for the Condos on Harrison Garden Blvd.

April Number of Units Sold

Toronto Real Estate Statistics: April 2008 Units Sold

There were 9393 units sold in April, up over 2000 units over March’s total

April Average Days on Market

Toronto Real Estate Statistics: April 2008 Average Days on Market

April’s average days on market was 27.94, Down 2 days on average from March

April Sold to Asking Price Ratio

Toronto Real Estate Statistics:  April 2008 Average Selling to Asking Ratio

On average properties in Toronto sold for 98.52% of the Asking Price, the average is up marginally from March’s 98.34%.

April Average Selling Price

Toronto Real Estate Statistics:  April 2008 Average Selling Price

The average selling price for real estate in Toronto jumped almost $21,000 in April to $404,614.

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Current Toronto Condos for Sale Inventory Update

Last week was the first week that I published available inventory for Toronto’s North York Condos for sale.  I do plan on continuing the series since is was well recieved.  It will be moved to the Listings page and will be updated weekly.  The series will be updated on Thursdays or Fridays.

If you want to recieve current Toronto Condos for Sale updates by RRS feed or by e-mail, you will need to subscribe on the listings page as it has a different feed than the Main page feed.

Steven Campbell, Sales Representative
Forest Hill Real Estate Inc., Brokerage

Fill in the form below for a list of condos For Sale or Rent sent to your email.

23 Hollywood Ave

A view of North York Condo building 23 Hollywood Ave. facing east standing on Yonge St. north of Sheppard

Sent from my BlackBerry device.

Steven Campbell, Sales Representative
Forest Hill Real Estate Inc., Brokerage

Fill in the form below for a list of condos For Sale or Rent sent to your email.

Toronto Condos for Sale in North York: Current Inventory May 22, 08, Harrison Garden, Bales, 33 Sheppard

Below is a list of the current available Condos for sale in Toronto’s North York at Yonge St and Sheppard area as of May 22nd, 08.  Please fill in the form below for a price list with pictures.  The Buildings included in this list are 16, 18, 28, 30, 51, 55, 78 and 80 Harrison Garden Blvd., 33 Sheppard Ave East and 31, 35 Bales Ave.

Harrison Garden Blvd Condos For Sale

16 – 4 units availavle

  • 3 1 bedroom with 1 washroom
  • 1 2 bedroom with 2 washrooms

18 – 3 Units Available

  • 1 1 bedroom with 1 washroom
  • 1 1 bedroom plus den with 1 washroom
  • 1 2 bedrooms plus den with 2 washroom

28 – 9 Units Available

  • 1 – 1 bedroom with 1 washroom
  • 2 – 1 bedroom plus den with 1 washroom
  • 5 – 2 bedrooms and 2 washrooms
  • 1 – 3 bedrooms 2 washrooms penthouse

30 – 3 Units Available

  • 1 – 1 bedroom with 1 washroom
  • 1 – 1 bedroom plus den with 1 washroom
  • 1 – 2 bedrooms with 2 washrooms

51 – 2 Units Available

  • 1 – 1 bedroom with 1 washroom (penthouse)
  • 1 – 2 bedrooms with 2 washrooms

55 – 1 Unit Available

  • 1 – 2 bedroom with 2 washrooms

78 – 11 Units Available

  • 1 – 1 bedroom with 1 washroom
  • 2 – 1 bedroom plus den with 1 washroom
  • 7 – 2 bedroom plus 2 washrooms
  • 1 – 2 bedroom plus den and 2 washrooms

80 – 9 Units Available

  • 4 – 1 bedroom plus den with 1 washroom
  • 1 – 1 bedroom plus den with 2 washroom
  • 1 – 2 bedroom with 2 wahsroom
  • 3 – 2 bedrooms plus den with 2 washrooms
  • 1 – 2 bedrooms plus den with 3 washrooms

Sheppard Ave East Condos for Sale

33 – 5 Units Avaible

  • 1 -1 bedroom plus 1 washroom
  • 1 – 1 bedroom plus den and 1
  • 3 – 2 Bedrooms and 2 washrooms

Bales Ave. Condos for Sale

31 – 5 Units Available

  • 2 – 1 bedroom and 1 washroom
  • 1 – 2 bedrooms and 1 washroom
  • 1 – 2 bedrooms plus den and 2 washrooms
  • 1 – 3 bedrooms and 2 washrooms

35 – 1 Unit Available

  • 1- 2 bedrooms and 1 washroom

Steven Campbell, Sales Representative
Forest Hill Real Estate Inc., Brokerage

Fill in the form below for a list of condos For Sale or Rent sent to your email.

Toronto Real Estate Board May Update: GTA Resale Housing Market Moderate in May

May 20, 2008 — Moderate sales and healthy price increases continued to characterize the GreaterToronto Area resale housing market during the first half of May, Toronto Real Estate Board President Maureen O’Neill announced today.

“With 4,422 sales throughout the GTA in the first two weeks of this month, activity has declined 12 per cent compared to the 5,003 homes sold during the first half of May 2007,” said Ms. O’Neill. “Prices however, continue to be strong, averaging $400,817 in the GTA, up six per cent from the $377,612 reported a year ago.”

In the City of Toronto, there were 1,734 sales, representing a 15 per cent decline from the 2,053 homes sold during the first half of May 2007 and an 11 per cent decline from 006. The average price in the 416 is $437,205, up six per cent from $412,701 a year ago.

In the 905 Region, there were 2,688 sales, down nine per cent from 2,950 a year ago but up four per cent from the same period in 2006. At $377,688, the average price is up seven per cent from the $353,192 recorded during the same timeframe in May of 2007.

Despite moderate sales overall, some neighbourhoods experienced heightened activity during the first half of May. The GTA is showing signs for a healthy 2008 compared to the diminished activity during the first quarter of 2008.

The Danforth (E03) saw sales increase 29 per cent overall compared to the same timeframe a year ago due to strong detached home sales.

Interest in detached homes also led Streetsville (W20) to a five percent overall sales increase compared to a year ago.

In the Annex (C02) transactions rose 39 per cent compared to the same period a year ago, driven by strong condominium apartment and detached home sales.

Richmond Hill South (N03) saw strong sales in most property types resulting in a three per cent increase compared to a year ago.

“In recent years, homebuyers have faced a major challenge with respect to limited selection,” said Ms. O’Neill.

“Now though, inventory is up 11 per cent compared to a year ago, which has resulted in more choice for home buyers and will a positive effect on the quality of available listings.”

A wider selection from which to choose has also resulted in increased Days on Market, which has risen to 35 from last year’s 28.

“The Greater Toronto Area offers a wide array of housing stock to fit almost any budget; I encourage anyone thinking of making a move to contact their REALTOR® to learn more about all of their options.”

Source: TREB (Toronto Real Estate Board)

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Toronto Real Estate Terrible MLS Photo of the Day #20

It has been a little while since publishing a Terrible MLS photo of the day, I do plan on being more frequent with them because I have fun with them.  Feel free to e-mail your bad photos for inclusion in this series.

Todays bad photo is just wrong.  nothing says don’t buy me like a photo with the pets in it.  Not only do most buyers not want to buy a house that had pets, they certainly don’t want to see them.

Toronto Real Estate Terrible MLS Photo of the Day #20

Contact Steven

Toronto Real Estate Board Commercial Update: Over 1,000,000 Square Feet Leased in April

May 8, 2008 — TREB Members reported 1,108,430 square feet of space leased through the TorontoMLS system, up four per cent over April of 2007, Commercial Council Chair Garry Lander announced today. “This figure is also up 19 per cent over the March figure of 933,299, and in fact makes April’s the best monthly performance of 2008.”

In April, the price for Industrial space (all size categories) declined six per cent to $5.43 sfn from last April’s figure of $5.76 sfn. Commercial space (all size categories) averaged $14.91 sfn, down nine per cent from last April’s $16.41 sfn.

Sales Market Highlights

In April, TREB Members recorded 58 sales of Industrial/Commercial Properties. Of these, 39 were industrial properties of all size categories, which transacted for an average of $87.04 per square foot. This compares to a figure of $101.59 per square foot from non-MLS® sources, which reported the sale of a number of unusually expensive Industrial properties in April.

Source: TREB (Toronto Real Estate Board)

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Toronto Real Estate Board Market Update for April 2008

GTA resale housing market moderate in April, but prices up

May 5, 2008 — With 8,762 houses sold in the Greater Toronto Area, April’s resale housing activity was down seven per cent from the record 9,452 transactions from the same timeframe a year ago, Toronto Real Estate Board President Maureen O’Neill announced today.

“The market is showing signs for a healthy 2008 compared to the diminished activity we saw in the first quarter of the year,” said Ms. O’Neill. “We continue to experience a supply and demand situation and to-date, it remains a sellers market.”

Sales activity however, was markedly different in the 416 and 905 regions. With 3,467 transactions in the City of Toronto, sales were down 10 per cent from a year ago. The 905 region was down five per cent from April 2007 sales, with 5,295 homes changing hands.

April’s GTA average price was $398,687, up eight per cent from the same period a year ago. In the City of Toronto, the average price was $446,781, up six per cent from last April. In the 905 region the average price increased five per cent compared to a year ago, to $367,196.

Several neighbourhoods experienced strong sales in April.

Scarborough East (E08) saw an eight per cent overall sales increase compared to April 2007, driven by robust detached home sales.

Caledon (W28) experienced a 15 per cent increase compared to the same timeframe a year ago as a result of strong condominium sales.

Condominium sales also drove Willowdale (C07) to a 32 per cent increase from a year ago.

In Thornhill sales increased eight per cent from last April due to strong detached home sales. “The number of listings on the Toronto Real Estate Board’s Multiple Listing Service has increased to 24,539, up seven per cent from a year ago, which is good for homebuyers, who will find a greater range of options in the market,” said Ms. O’Neill. “With prices continuing to appreciate and increased listing inventory there are favourable factors in today’s market for consumers.”

Source: TREB (Toronto Real Estate Board) 

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