Welcome to my Web site!

Sales and New Listings Down, Average Price up in July


August 5, 2010 -- Greater Toronto REALTORS® reported 6,564 sales in July – a 34 per cent dip from the record 9,967 sales reported in July 2009. New listings, at 10,825, dropped to the lowest level for the month of July since 2002.

"The level of July sales remained below the expected long-term trend. The market has become more balanced following record monthly sales through most of the winter and early spring," said Toronto Real Estate Board (TREB) President Bill Johnston.

Total sales through the first seven months of 2010 were up 12 per cent compared to the same period in 2009.

Notwithstanding the fact that price trends vary at the neighbourhood level in GTA, the average price for July transactions was $420,482, representing a six per cent increase over July 2009. Over the first seven months of 2010, the average selling price was up 12 per cent annually to $432,253.

"Market conditions promoting growth in the average selling price have remained in place. While July sales were down compared to last year, the number of new listings in the marketplace also fell. This means there was enough competition between buyers to exert upward pressure on price," said Jason Mercer, TREB's Senior Manager of Market Analysis.

Median Price
In July, the median price was $361,000, from the $339,900 recorded during July of 2009.
Please be advised that this is a Demonstration Website to show the features available from the Hosting Company. However, as a working Real Estate Broker, you will find a wide variety of useful information and resources designed to help you buy or sell a home more effectively in the Aurora, Bradford, King, Markham, Newmarket, Oak Ridges, Richmond Hill, Stouffville, Thornhill, Unionville areas. From information on the local community, to advice about finding a mortgage or preparing your home to sell, it's all available here on this web site.

 

You can also search for your ideal home by viewing current listings with detailed descriptions and photos. Or you can get help determining the value of your home by requesting a report that includes the prices of similar homes that recently sold or are currently for sale in the Aurora, Bradford, King, Markham, Newmarket, Oak Ridges, Richmond Hill, Stouffville, Thornhill, Unionville areas.

So whether you're buying or selling, feel free to contact me and I will be happy to help you with all your real estate needs.

Buyers

Whether you're looking for your first home, your dream home or an investment property, I'm committed to providing you with the highest quality buyer service. When making the type of investment that buying a home requires, you deserve to have all the latest market information and the very best advice, both of which I can provide you with. Read more.

Sellers

The decision to sell a home is often dependent on many factors. Whatever your reasons are for selling, my proven effective marketing strategies will ensure that you get the highest possible price for your home. I guarantee to provide you with professional, ethical and confidential service and keep you fully informed every step of the way. Read more.