Healthy December Sales = Best Year Ever
January 7, 2008 — A healthy 4,646 sales in December propelled 2007 sales to a record setting 93,193 sales, TREB President Maureen O’Neill announced today. “Year-end sales are up 12 per cent over last year and up 11 per cent over the 84,145 recorded during 2005, the Toronto market’s previous best-ever annual performance.”
On a year-over-year basis, prices rose seven per cent to $376,236 from last year’s $351,941. The annual time-on-market figure stood at 32 days versus 2006’s figure of 34 days, meaning that over the course of the past two years it has taken homes within the GTA barely a month to sell on average.
Breaking down the total, 1,756 sales were reported in TREB’s 28 West districts and averaged $357,711; 1,057 sales were reported in the 14 Central districts and averaged $531,366; 771 sales were reported in the 23 North districts and averaged $420,508; and 1,062 sales were reported in TREB’s 21 East districts and averaged $302,113.
NEIGHBOURHOOD CORNER
City of Toronto
The City of Toronto (E-1 to E-11, W-1 to W-10, and C-1 to C-15) recorded 39,052 sales in 2007, up 13 per cent over the 34,404 recorded in the previous year. Prices averaged $415,041, up 10 per cent over 2006.
Source: TREB (Toronto Real Estate Board)
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5 responses so far ↓
1 Toronto, East York Real Estate Community News : Toronto Real Estate Market Update: October Shows Consumer Confidence // Jan 11, 2008 at 1:20 pm
[...] spend,” noted Ms. O’Neill.Source: TREB (Toronto Real Estate Board)Related ArticlesToronto Real Estate Report: Healthy December Sales = Best Year EverToronto Real Estate: Two New Records Set In First Two Weeks of December!Toronto Real Estate: Strong [...]
2 Toronto, East York Real Estate Community News : 2007 East York Real East Market Report // Jan 11, 2008 at 1:45 pm
[...] ten per cent over the same time last year. Source: TREB (Toronto Real Estate Board)Related ArticlesToronto Real Estate Report: Healthy December Sales = Best Year EverToronto, East York Market up 17 percent first half of [...]
3 Toronto, East York Real Estate Community News : Toronto, East York Market up 17 percent first half of August // Jan 11, 2008 at 2:28 pm
[...] tax on home buyers," said Mr. Bentley.SOURCE: Toronto Real Estate Board(TREB)Related ArticlesToronto Real Estate Report: Healthy December Sales = Best Year EverHot August Sales Sets Stage for Stong September 40 Year Mortgages Getting First time Home Buyers [...]
4 Uncle Jack (Jack LeVine) // Jan 28, 2008 at 3:59 pm
It was a new record for us in Las Vegas also. Send some of that investment money down here!
5 Hilary Shantz // Jan 31, 2008 at 10:52 pm
Steve, Just saying hi from Oakville, thanks for visiting my site and all the best for East York real estate.