Friday, January 11, 2008

Healthy December 2007 Sales equals Best Year Ever

Healthy December Sales = Best Year EverHomes for Sale

January 7, 2008 -- A healthy 4,646 sales in December propelled 2007 sales to a record setting 93,193 sales, TREB President Maureen O'Neill announced today. "Year-end sales are up 12 per cent over last year and up 11 per cent over the 84,145 recorded during 2005, the Toronto market's previous best-ever annual performance."

On a year-over-year basis, prices rose seven per cent to $376,236 from last year's $351,941. The annual time-on-market figure stood at 32 days versus 2006's figure of 34 days, meaning that over the course of the past two years it has taken homes within the GTA barely a month to sell on average.

Breaking down the total, 1,756 sales were reported in TREB's 28 West districts and averaged $357,711; 1,057 sales were reported in the 14 Central districts and averaged $531,366; 771 sales were reported in the 23 North districts and averaged $420,508; and 1,062 sales were reported in TREB's 21 East districts and averaged $302,113.

See all the latest details of Prices in the GTA

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Thank you for reading my blog and if there is anything else I can help you with please don't hesitate to contact me,

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate


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2 comments:

  1. Congrats on such a great year! I know there's a lot of realtors all across north america who are VERY jealous :)

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  2. You are correct! We are very blessed with our GTA economy and real estate activity since 1995

    Thanks and all the best,
    Mark

    ReplyDelete