NEWS RELEASE 

  


GTA REALTORS® Release Mid-Month Resale Housing Figures

 

January 16, 2013 -- Greater Toronto REALTORS® reported 1,469 sales through the TorontoMLS system during the first two weeks of January 2013.  This result represented an increase of 2.4 per cent over the 1,435 transactions reported during the same period in 2012.

 

"The New Year started off on a positive note with residential sales slightly above last year’s levels,” said Toronto Real Estate Board (TREB) President Ann Hannah.  “I am cautiously optimistic about this result.  It will be important to watch sales trends closely as we move through the first quarter to see if some of the households who moved to the sidelines as a result of stricter lending guidelines are starting to renew their decision to purchase a home.”

 

The average selling price during the first 14 days of 2013 was by up by four per cent on a year-over-year basis to $459,728.

 

“Continuing the trend from 2012, the low-rise segment of the market experienced the strongest price growth as competition between buyers remained quite strong,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.  “The average selling price is expected to grow in 2013, but at a slower pace as buyers benefit from more choice.”

 

Summary of TorontoMLS Sales and Average Price January 1 - 14

 

2013

2012

 

Sales

Average Price

New Listings

Sales

Average Price

New Listings

 

City of Toronto ("416")

531

$464,228

1,634

531

$462,693

1,571

 

Rest of GTA ("905")

938

$457,181

2,604

904

$430,308

2,361

 

GTA

1,469

$459,728

4,238

1,435

$442,292

3,932

 

TorontoMLS Sales & Average Price  By Home Type

January 1 - 14, 2013

Sales

Average Price

416

905

Total

416

905

Total

Detached

146

511

657

720,759

549,015

587,180

Yr./Yr. % Change

-2.0%

6.9%

4.8%

2.5%

5.7%

4.3%

Semi-Detached

42

114

156

502,546

408,968

434,162

Yr./Yr. % Change

16.7%

10.7%

12.2%

12.9%

10.6%

11.5%

Townhouse

65

177

242

414,550

357,154

372,570

Yr./Yr. % Change

14.0%

-3.8%

0.4%

3.5%

4.4%

4.6%

Condo Apartment

273

115

388

337,624

260,434

314,745

Yr./Yr. % Change

-4.2%

-5.0%

-4.4%

-4.4%

-0.2%

-3.3%

 

 

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