Sales of single family homes were down 34% in July 2010 compared to July 2009. The average selling price increased 6% to $420,482. While sales decreased from the record levels of late 2009 and early 2010, the market has become more balanced as new listings also fell. The median price in July 2010 was $361,000, up from $339,900 in July 2009.
1. SINGLE FAMILY RESIDENTIAL BREAKDOWN
July 2010
1.7 % 7.2% %
23.6 % 0.3
Sales and New Listings Down, 0.1 %
Average Price up in July
TORONTO - Thursday, August 5, 2010 8.4 %
Greater Toronto REALTORS® over July 2009. Over the first seven
reported 6,564 sales in July – a 34 months of 2010, the average selling 11.0 % 47.7 %
per cent dip from the record 9,967 price was up 12 per cent annually
sales reported in July 2009. New to $432,253.
listings, at 10,825, dropped to the
“Market conditions promoting
lowest level for the month of July 2.3 % 7.0 % Dwelling Type Sales % Median
growth in21.5 % average selling0.3 %
the price
since 2002. 0.1 % Single Detached 3,133
Detached 97 $450,500
have remained in place. While
Semi Detached
Semi-Detached 721 98 $355,000
“The level of July sales remained July sales were down compared
Condo T.H.
Condo Townhouse 552 97 $275,000
below the expected long-term trend. to last year, the number of new
Condo Apt.
Condo Apt 1,551 97 $279,900
The market has become more listings in the marketplace also
8.5 %
Link
Link 113 98 $365,000
balanced following record monthly fell. This means there was enough
Attached/Row
Att/Row/Twnhouse 470 98 $345,000
sales through most of the winter and competition between buyers to
Co-op Apt.
Co-op Apt 20 96 $201,750
early spring,” said Toronto Real exert 12.0 %
upward pressure on price,” % 48.3
Detached Condo
Det Condo 4 98 $270,000
Estate Board (TREB) President Bill said Jason Mercer, TREB’s Senior
Johnston. Manager of Market Analysis.
Housing Market Indicators
Total sales through the first seven
July 2009 July 2010 %Change
months of 2010 were up 12 per
cent compared to the same period Median Price Sales
New Listings
9,967
12,174
6,564
10,825
(-34%)
(-11%)
in 2009. Active Listings* 16,915 21,714 (28%)
In July, the median price Days on Market 31 33 (6%)
Notwithstanding the fact that price * All figures for single-family dwellings.
trends vary at the neighbourhood was $361,000, from the
level in GTA, the average price for $339,900 recorded during
July transactions was $420,482,
representing a six per cent increase
July of 2009. n Inside
District Map ............................................................. 2
Annual Average and Median Price Price Category Breakdown......................................2
East District ............................................................. 3
West District ............................................................ 6
Toronto District ......................................................10
500000 Average Median
North District..........................................................12
400000 Annual Summary ...................................................16
300000 Single Family Comparison ....................................16
200000
100000
0
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
16. District Totals
New Active Listed Sales $ Volume Avg Price Med Price Avg DOM Avg Month
Grand Total 10,825 21,714 N/A 6,564 $2,760,044,719 $420,482 $361,000 33 97
Year N/A N/A 106,636 56,829 $24,564,502,574 $432,253 $368,000 24 99
Annual Summary - Single Family
Year *Number of Sales *Average Price Year *Number of Sales *Average Price
1976 19,025 $61,389 2009
1977 20,512 $64,559 January 2,670 $343,632
1978 21,184 $67,333 February 4,120 $361,305
1979 23,466 $70,830 March 6,171 $362,050
1980 26,017 $75,694 April 8,107 $385,641
1981 29,625 $90,203 May 9,589 $395,609
1982 25,336 $95,496 June 10,955 $403,972
1983 30,046 $101,626 July 9,967 $395,414
1984 31,905 $102,318 August 8,035 $387,921
1985 45,509 $109,094 September 8,196 $406,877
1986 52,919 $138,925 October 8,476 $423,559
1987 43,475 $189,105 November 7,446 $418,460
1988 49,381 $229,635 December 5,541 $411,931
1989 38,960 $273,698
1990 26,779 $255,020 Total** 87,308 $395,460
1991 38,144 $234,313
1992 41,703 $214,971 2010
1993 38,990 $206,490 January 4,986 $409,058
1994 44,237 $208,921 February 7,291 $431,509
1995 39,273 $203,028 March 10,430 $434,696
1996 55,779 $198,150 April 10,898 $437,600
1997 58,014 $211,307 May 9,470 $446,593
1998 55,344 $216,815 June 8,442 $435,034
1999 58,957 $228,372 July 6,564 $420,482
2000 58,343 $243,255
2001 67,612 $251,508 Year-to-Date** 56,829 $432,253
2002 74,759 $275,231
2003 78,898 $293,067
2004 83,501 $315,231
2005 84,145 $335,907
2006 83,084 $351,941
2007 93,193 $376,236
2008 74,552 $379,347
* Due to District revisions, caution should be exercised when undertaking historical comparisons. Please refer to appropriate maps.
**This figure may not equal the sum of all monthly totals, as the year-to-date total reflects sales reported in error and deals that have fallen through since January 1st.
Single Family Dwelling Sales Comparison
Sales Active Listings Average Price
15000 500000
35000
13500
30000
12000
425000
10500 25000
9000
20000
7500 350000
6000 15000
4500 10000 275000
3000
5000
1500
0 0 200000
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
2009 2010 2009 2010
16 TORONTO REAL ESTATE BOARD