Toronto Homes Sales August 2014 Remain "Hot"

TORONTO, September 4, 2014 – Toronto Real Estate Board reported 7,600 sales through the Toronto MLS system in August 2014. This result was up by 2.8 % compared to 7,391 transactions reported in August 2013. Year-to-date sales through the end of August amounted to 65,454, which represented an increase of 6.5 % compared to the same period in 2013.

 Looking forward to the fall market demand for ownership housing will remain strong. Home buyers will continue to benefit from a diversity of affordable home ownership opportunities throughout the GTA. The fact that sales were up for all major home types in August suggests that first-time buyers and existing home owners remain very active in today’s marketplace.

 

The average selling price in August 2014 was $546,303 – up 8.9 % in comparison to the average of $501,677 reported in August 2013. The year-to-date average price through August was $562,504, which represented an increase of 8.5 % in comparison to the same period in 2013.

 

The number of listings in August was down in comparison to last year, while the number of sales increased. This means that sellers’ market conditions remained in place with a lot of competition between buyers. This is why we continued to see strong price growth last month. Looking forward, if sales growth continues to outstrip listings growth, the average selling price should continue to increase on a year-over year basis.

Diane Plant's Holiday Cookies 2012

Average Price Up in October, Despite Fewer Sales

Average Price Up in October, Despite Fewer Sales TORONTO, November 3, 2012 – Greater Toronto Area REALTORS® reported 6,896 transactions through the TorontoMLS system in October 2012 – a decrease of 7.1 per cent compared to October 2011. There were two more business days in October 2012 versus October 2011. On a per business day basis, transactions were down by 15.6 per cent.* “Sales have decreased in the second half of this year compared to 2011, especially since the onset of stricter mortgage lending guidelines at the beginning of July. The prospect of higher monthly mortgage payments due to the reduced maximum amortization period has prompted some households to delay their home purchase,” said Toronto Real Estate Board (TREB) President Ann Hannah. The average selling price for October transactions was $503,479 – up 6.2 per cent compared to October 2011. The MLS® Home Price Index composite benchmark price, which allows for an apples-to-apples comparison in terms of home attributes, was up by 5.1 per cent. “We continue to see price increases well above the rate of inflation. Active listings have remained low from a historic perspective, so substantial competition between buyers still exists, especially for low-rise homes,” said Jason Mercer, TREB’s Senior Manager of Market Analysis. “It should be noted, however, that the annual rate of price increase has been edging lower over the past few months as the market has gradually become better supplied,” continued Mercer. *NOTE: The majority of transactions are entered into the TorontoMLS system on business days. There was a mismatch of two business days in September and October of 2012 compared to the same months last year. This is why sales on a per business day basis were noted in releases dealing with these months. The business day anomaly between the two months has now balanced out. *************************************************************************************
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I proudly server buyers and sellers in the Toronto Neighbourhoods of: Cedarvale, North York, North Toronto, Bedford Park, Forest Hill, Summit Heights, Wilson Height, Bathurst Manor, Leaside, Bayview, Thornhill, Richmond Hill and all surrounding areas.
Whether you're buying or selling and looking for a Toronto Realtor or feel free to e-mail or phone me and I will be happy to make your real estate journey a great experience.
What's For sale in Toronto and the GTA?
What's My Home Worth?
FREE REPORTS
I’m never too busy for you or any of your referrals
Diane Plant, Broker
Re/Max Realtron Realty Inc, Brokerage
(416) 782-8882
TORONTO REAL ESTATE WEBSITE

Toronto Home Sale Price Increase 6.5% in August

TORONTO, September 6, 2012 – Greater Toronto Area (GTA) REALTORS® reported 6,418 sales through the Toronto MLS system in August 2012, representing a year-over-decline of almost 12.5 per cent compared to 7,330 sales reported in August 2011. The number of new listings reported in August was down by 5.5 per cent compared to the same period in 2011. “Residential transactions were down in August compared to last year. Stricter mortgage lending guidelines, which came into effect in July, arguably played a role. In the City of Toronto, the additional impact of relatively higher home prices coupled with the upfront cost associated with the City’s Land Transfer Tax led to a stronger annual decline in sales compared to the rest of the GTA,” said Toronto Real Estate Board (TREB) President Ann Hannah. The average selling price for August 2012 transactions was $479,095 – up by almost 6.5 per cent compared to August 2011. The annual rate of price growth was driven by the low-rise home segment in the City of Toronto, including single-detached homes with an average annual price increase of 15 per cent. The MLS® Home Price Index (MLS® HPI)* composite index, which allows for an apples-to-apples comparison of benchmark home prices from one year to the next, was up by 6.3 per cent year-over-year. “While sales were down year-over-year in the GTA, so too were new listings. As a result, market conditions remained quite tight with substantial competition between buyers in the low-rise market segment,” said Jason Mercer, TREB’s Senior Manager of Market Analysis. “The trends for sales and new listings are moving somewhat in synch, suggesting that the relationship between sales and listings will continue to promote price growth moving forward.”

Selling your Home with a Realtor is More Profitable and Quicker-Diane Plant, Broker, Forest Hill Real Estate

Survey Reveals Success of REALTORS® vs. FSBOs Daily Real Estate News | Monday, August 20, 2012

Home sellers are more than twice as likely to get their homes sold if they use a REALTOR®, rather than trying to sell their home on their own, according to a new survey conducted by HomeGain of 400 home owners nationwide from July 31 to Aug. 10.

Seventy-three percent of the home owners surveyed said they used a REALTOR®. On the other hand, 21 percent of those surveyed said they tried to sell their home themselves.

The survey found that 66 percent of the home owners who used a REALTOR® were able to successfully sell their home compared to 30 percent of for-sale-by-owners.

What’s more, the survey found that 22 percent of the for-sale-by-owners eventually decided to use a REALTOR® to try to sell their home. More than half of those who did were then able to sell their homes too, the survey found.

“The value of a REALTOR® in a real estate transaction is made strikingly apparent in our 2012 FSBO verses REALTOR® survey of home sellers,” says Louis Cammarosano, general manager of HomeGain. “A qualified REALTOR® understands the dynamics of the market and can better assist home sellers in the pricing and preparation of their homes for sale.”
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I proudly server buyers and sellers in the Toronto Neighbourhoods of: Cedarvale, North York, North Toronto, Bedford Park, Forest Hill, Summit Heights, Wilson Height, Bathurst Manor, Leaside, Bayview, Thornhill, Richmond Hill and all surrounding areas.
Whether you're buying or selling and looking for a Toronto Realtor or feel free to e-mail or phone me and I will be happy to make your real estate journey a great experience.
What's For sale in Toronto and the GTA?
What's My Home Worth?
FREE REPORTS
I’m never too busy for you or any of your referrals
Diane Plant, Broker
Re/Max Realtron Realty Inc, Brokerage
(416) 782-8882 TORONTO REAL ESTATE WEBSITE

Selling With A Realtor far More Successful than by Owner

Survey Reveals Success of REALTORS® vs. FSBOs Daily Real Estate News | Monday, August 20, 2012
Home sellers are more than twice as likely to get their homes sold if they use a REALTOR®, rather than trying to sell their home on their own, according to a new survey conducted by HomeGain of 400 home owners nationwide from July 31 to Aug. 10.
Seventy-three percent of the home owners surveyed said they used a REALTOR®. On the other hand, 21 percent of those surveyed said they tried to sell their home themselves.
The survey found that 66 percent of the home owners who used a REALTOR® were able to successfully sell their home compared to 30 percent of for-sale-by-owners.
What’s more, the survey found that 22 percent of the for-sale-by-owners eventually decided to use a REALTOR® to try to sell their home. More than half of those who did were then able to sell their homes too, the survey found.
“The value of a REALTOR® in a real estate transaction is made strikingly apparent in our 2012 FSBO verses REALTOR® survey of home sellers,” says Louis Cammarosano, general manager of HomeGain. “A qualified REALTOR® understands the dynamics of the market and can better assist home sellers in the pricing and preparation of their homes for sale.”
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I proudly server buyers and sellers in the Toronto Neighbourhoods of: Cedarvale, North York, North Toronto, Bedford Park, Forest Hill, Summit Heights, Wilson Height, Bathurst Manor, Leaside, Bayview, Thornhill, Richmond Hill and all surrounding areas.
Whether you're buying or selling and looking for a Toronto Realtor or feel free to e-mail or phone me and I will be happy to make your real estate journey a great experience.
What's For sale in Toronto and the GTA?
What's My Home Worth?
FREE REPORTS
I’m never too busy for you or any of your referrals
Diane Plant, Broker
Re/Max Realtron Realty Inc, Brokerage
(416) 782-8882 TORONTO REAL ESTATE WEBSITE

Snowflake cookies 2011 by Diane Plant