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August Market Update

August 20, 2009 REAL ESTATE No Comments
 

 

 

In the first two weeks of August, Greater Toronto REALTORS weeks of August 2008. The average price for these transactions was up three percent year-over-year to $383,796.

 “The results for the first half of August indicate that many households in the GTA remain confident in their ability to purchase and pay for a home over the long term,” said TREB President Tom Lebour.

Year-to-date sales, at 54,303 are up slightly compared to 54,138 in 2008. Average price, at $385,603 is down by less than one half of one per cent.

“Strong resale housing demand will contribute to broader economic recovery as each transaction results in substantial spin-off benefits to other sectors of the economy,” explained Jason Mercer, TREB’s Senior Manager of Market Analysis.

® reported 3,832 sales – up 27 per cent compared to the first two

 

August

2009 2008

Sales Average Price Sales Average Price

City of Toronto (“416″) 1,465 $391,252 1,192 $394,563

Rest of GTA (“905″) 2,367 $379,181 1,827 $360,326

GTA 3,832 $383,796 3,019 $373,844

 

 

 

Source: Toronto Real Estate Board

 

 

 

 

 

 

Summary Of August Sales And Average Price

 

 

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