MORE BROKEN RECORDS THIS MONTH TO DATE:
Here’s Your MMMM for MID March!
Compared to Mid-March 2015, sales soared this year by more than 20%!
New Listings were slightly down, so you know that the bulk of sales are happening within existing inventory.
Average sale prices in the GTA rose by a whopping 12% to $694 K
Sales are still occurring at a 2:1 ratio in 905 vs 416 area codes. The city of Toronto is clearly still very very low on inventory.
In the city, the sales of DETACHED homes rose by almost 5%, whereas in 905 sales shot up by 25%…where there is actual supply. However, at this rate, my guess is this TOO shall pass!
Average sale prices for these homes went up almost 6% in the city, ($1,162,000) vs 19% in 905. So that price gap between the burbs and the city is beginning to close.
Sales of Semi-detached homes rose by over 30% in BOTH area codes.
Average sale prices in the city came in at $849K, an increase of 7% in the city.
Finally CONDOS in the city sold for a mere 2.7% more than last year at this time ($409K) and sales rose by an impressive 17%.
Stay tuned for FULL March results…this should be a wild ride!
If you (or someone you know), are looking for a Realtor who cares MORE about focusing on you, your concerns, goals and the successful purchase or sale of YOUR unique home, than they care about their volume of transactions and awards, please let me know the best way for me to connect, as I would love to offer my highly personal service. Contrary to that old expression, not only IS this business, but it IS personal! And, please, I encourage you to ask me any questions you may have about this post. I value your input and appreciate the time you took to read it.