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More Than 5,000 Sales In October
November 5, 2008 --
TREB Members reported 5,155 sales in October,
down 35 per cent from the 7,915 sales reported in October of 2007,
and also down 25 per cent from the 6,876 sales reported during
October 2006.
Within the City of Toronto,
2,136 sales were recorded. This was down 38 per cent from the
3,455 sales recorded in October of last year. In the 905 suburbs,
however, the 3,019 sales recorded were down 32 per cent from
October 2007's figure of 4,460.
GTA-wide, prices declined
10 per cent to $352,974 from last October's average of $394,646.
They were down one per cent over the average recorded in October
2006 of $356,423. As with sales, price declines differed according
to region.The City of Toronto average was $376,896, down 13 per
cent from the $434,022 recorded during the same month in 2007, and
down about three per cent from the $386,807 recorded in October
2006. Meanwhile, the average for the City's 905 suburbs was
$336,049.This is down eight per cent from the $364,142 recorded
last October, and up one per cent from the $333,166 recorded in
October 2006.
Breaking down the total,
2,064 sales were reported in TREB's 28 West districts and averaged
$335,329; 892 sales were reported in the 14 Central districts and
averaged $450,437; 946 sales were reported in the 23 North
districts and averaged $382,032; and 1,253 sales were reported in
TREB's 21 East districts and averaged $290,719.
NEIGHBOURHOOD CORNER
Agincourt
The dominant house types
sold within Agincourt (parts of districts E05 and E07) are
detached and semi-detached.ÊFor detached homes, the average was
$403,597 in 2008 to-date, up seven per cent over last year's
figure of $376,047. Semis averaged $321,943, up three per cent
over the $313,337 recorded during the first ten months
of 2007. |